SURVEY: 61 PERCENT OF AMERICANS PLANNING OVERNIGHT LEISURE TRIPS IN NEXT FOUR MONTHS

APPROXIMATELY 61 PERCENT of Americans are set to travel overnight for leisure in the upcoming four months, with 34 percent anticipating an uptick in their
leisure travels this summer compared to last year, according to a recent survey from the American Hotel & Lodging Association. Additionally, around 31 percent of
respondents plan to up their hotel stays this summer versus the previous one.

Around 35 percent of Americans anticipate an overnight business trip within the next four months, with 16 percent planning to boost their business-related travel
this summer compared to last summer, the survey conducted by Morning Consult found.

Meanwhile, hotels remain the preferred lodging option for both business travelers, with 60 percent, and leisure travelers, with 46 percent, this summer, the survey
revealed. The survey presents a positive outlook for hoteliers amid ongoing economic challenges like a nationwide labor shortage and high interest rates, AHLA said.
However, it indicates that persistent inflation remains a significant obstacle to growth for hoteliers and other travel-related businesses.