Hotels across the country are experiencing a slowdown as fewer international travelers book trips to the U.S. and economic uncertainty leads domestic tourists and businesses to cut back on spending.
But in the D.C. metro area, hotels face additional hurdles that have owners staring down a more dire road ahead.
“It’s definitely having a heavier impact in D.C.,” Arlo Hotels President Jimmy Suh said at Bisnow’s Mid-Atlantic Hospitality Event last week.
D.C. has been the hardest hit from softening federal hotel spending, suffering a 20% drop in government per-diem bookings this year through April 4, according to a Kalibri Labs report.
Click here to read the rest of the article written by Emily Wishingrad over at Bisnow
