Hotel industry making a comeback, where the local numbers stand – WICS (Springfield)

In August 2019, the rates were at 74%, in 2020 it dropped to 40% but just this year it went back up to nearly 61%. “You can’t make up for years of loss of revenue from 2020. Hotels are still struggling, they still have a lot of money from mortgages and property taxes," said Michael Jacobson, president of the Illinois Hotel and Lodging Association.

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