After a 14-month lull, the Transportation Security Administration is clocking daily traveler numbers in excess of 2 millionthe first time since March 7, when the COVID-19 pandemic began gripping the nation. And that increase in air travelers is evident in the hospitality sector’s continued recovery, which has been apparent across multiple data points. 

A recent Trepp analysis shows that the share of non-farm employees in the leisure and hospitality sector as reported by the Fed’s economic data was around 10% in May, up from an April 2020 low of 6.6% and nearly up to the pre-pandemic level of 11%. And the Trepp CMBS delinquency rate for hotel properties also dropped to 14.2% last month, down from an all-time high of 24.3% in June of last year. 

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