Skip to content

Search

Latest Stories

Report: Leisure and hospitality added 53,000 jobs in December

USTA says the growth is not enough, more federal aid is needed

Report: Leisure and hospitality added 53,000 jobs in December

THE LEISURE AND hospitality sector saw some job growth in December, according to the Bureau of Labor Statistics’ December employment report. Not enough, however, according to the U.S. Travel Association, meaning more federal aid is needed.

The sector added 53,000 jobs during the month, according to the BLS data. The overall economy added 199,000 jobs.


“Leisure and hospitality has added 2.6 million jobs in 2021, but employment in the industry is down by 1.2 million, or 7.2 percent, since February 2020,” the report said. “Employment in food services and drinking places rose by 43,000 in December but is down by 653,000 since February 2020.”

However, the report indicates that the recovery is uneven, said Tori Emerson Barnes, USTA’s executive vice president of public affairs and policy, in a statement. December’s performance was the second-worst since January 2021, she said.

“The small gains made are not enough to propel the sector toward a larger recovery, as more than 7 percent of all L&H jobs remain lost compared to just 2 percent for the rest of the U.S. economy,” Barnes said. “As the spread of the omicron variant continues to impact travel, there remains a pressing need for Congress to provide additional federal relief and stabilizing policies that will enable the return of business travel, professional meetings and events, and international inbound travel.”

USTA expressed similar concerns in October.

USTA’s priorities for federal legislation include the Restoring Brand USA Act along with targeted tax stimulus to restore spending on business travel, live entertainment and in-person events.

Other December results from BLS are:

  • Employment in food services and drinking places rose by 43,000 in December but has dropped 653,000 since February 2020.
  • The share of employed persons who teleworked because of the coronavirus pandemic was 11.1 percent for December, about the same as November.
  • Unemployment rates for adult men (3.6 percent), adult women (3.6 percent) and Whites (3.2 percent) declined in December while rates for teenagers (10.9 percent), Blacks (7.1 percent), Asians (3.8 percent), and Hispanics (4.9 percent) showed little or no change over the month.

More for you

Peachtree Group Surpasses $2 B in U.S. Hotel Developments

Peachtree hits $2B in nationwide hotel developments

Summary:

  • Peachtree’s hotel development portfolio exceeds $2 billion nationwide.
  • Its largest project this year, Embassy Suites Gulf Shores, has 257 suites.
  • It has 11 hotels open, four under construction, three planned in Opportunity Zones.

PEACHTREE GROUP’S HOTEL development portfolio exceeded $2 billion nationwide despite high interest rates, rising construction costs and tighter credit conditions. Its largest project this year, the eight-story Embassy Suites by Hilton Gulf Shores Beach Resort in Alabama, includes 257 suites overlooking the Gulf Coast.

In Dallas, construction teams topped out the dual-branded AC and Moxy by Marriott Uptown, Peachtree’s tallest hotel at 19 stories in the city’s Uptown submarket, Peachtree said in a statement. The project, set to open in summer 2026, will add 264 rooms.

Keep ReadingShow less