Document Type
Book Chapter
Publication Date
2023
DOI
10.25776/a5r7-sz65
Publication Title
2023 State of the Commonwealth Report
Pages
140-173
Abstract
This chapter assesses the performance of the hotel industry in the Commonwealth and discusses the challenges facing the hotel industry in 2024 and beyond. To understand the prospects for growth, we examine the recovery from the shock of 2020 and how different areas of the commonwealth fared with regard to hotel revenue and occupancy. We take stock of the competitive environment and how labor shortages continue to challenge hoteliers. We ask: what does the future hold for the hotel industry in Virginia?
Repository Citation
Dragas Center for Economic Analysis and Policy, Old Dominion University, "Part 5: Virginia's Hotel Industry Grows, but Change is Coming" (2023). State of the Commonwealth Reports. 77.
https://digitalcommons.odu.edu/soc_reports/77