1、Economic Impact of the US Hotel IndustryUS reportIn association withMay 20232AHLA|Oxford EconomicsTABLE OF CONTENTS1 12 23 34 4Executive summaryMethodsUS economic impact results in detailSelected graphs and mapsExecutive Summary14AHLA|Oxford EconomicsOverviewExecutive SummaryThe US hotel industry is

2、 a critically important part of the US economy.Hotels generate billions in wages,salaries and taxes,employ millions of workers,and hotel guests bring billions in spending to local economies.To quantify these important impacts,the American Hotel&Lodging Association(AHLA)engaged Oxford Economics(Oxfor

3、d or we)to conduct a comprehensive economic impact analysis.Oxford analyzed information from a variety of sources and prepared an updated view of industry impacts in recent years.As part of this research,Oxford analyzed:hotel operations by gathering and integrating information on the size and perfor

4、mance of hotels and motels,casino hotels,and bed and breakfast inns by state(hotels);hotel guest ancillary spending based on consumer survey data by state;capital investment in hotels based on data on new hotel construction and renovations;and,indirect and induced impacts supported by the hotel indu

5、stry in other parts of the US economy.The results show the US hotel industry supports a total economic impact(2022)of:$1.5 trillion of business sales(representing revenue plus certain taxes,also referred to as output);8.3 million jobs with$463 billion of wages,salaries and other compensation;$760 bi

6、llion of GDP,representing contribution to US gross domestic product;and,$211 billion of federal,state and local taxes.The hotel industry consists of almost 62,500 properties,with 5.6 million guestrooms.The sector sells almost 1.3 billion room nights annually.The hotel sector has recovered solidly fr