Hotel business project in Florida

For the hospitality industry, it has been a pleasant increase in travel with people taking vacations and visiting friends and family. But that has not been the case for business travel. According to a new survey, the hotel industry has lost billions of dollars in the two years since the start of the pandemic. When it comes to tourism, Florida’s daily bread, the good news is that leisure travel is doing well. It is expected to return to pre-pandemic levels this year. But business travel is another story. A survey predicts the numbers will be down 23% this year. The estimated revenue loss is $108 billion for the years 2020 and 2021. Florida, however, is doing much better. The hotel business is down just over 11%. What’s happening ? Many businesses are still trying to recover money lost during COVID-19. When employees don’t travel, the company saves money. In times of a pandemic, Zoom and other platforms have become business’s new best friends. “Employees have become accustomed to just about everything and these days it’s more convenient to work from home,” said Abe Pizam, of UCF Rosen College of Hospitality. Will business travel ever return to how it was before COVID-19? Experts say the work culture has changed so much it could take years.

For the hospitality industry, it has been a pleasant increase in travel with people taking vacations and visiting friends and family.

But that has not been the case for business travel.

According to a new survey, the hotel industry has lost billions of dollars in the two years since the start of the pandemic.

When it comes to tourism, Florida’s daily bread, the good news is that leisure travel is doing well. It is expected to return to pre-pandemic levels this year.

But business travel is another story. A survey predicts the numbers will be down 23% this year.

The estimated revenue loss is $108 billion for the years 2020 and 2021. Florida, however, is doing much better. The hotel business is down just over 11%. What’s happening ?

Many businesses are still trying to recover money lost during COVID-19.

When employees don’t travel, the company saves money.

In times of a pandemic, Zoom and other platforms have become business’s new best friends.

“Employees have become accustomed to just about everything and these days it’s more convenient to work from home,” said Abe Pizam, of UCF Rosen College of Hospitality.

Will business travel ever return to how it was before COVID-19? Experts say the work culture has changed so much it could take years.

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