X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.