Mainebiz

W W W. M A I N E B I Z . B I Z 11 A P R I L 1 8 , 2 0 2 2 F O C U S H O S P I TA L I T Y / TO U R I S M FINANCIAL INCENTIVES AVAILABLE FOR HIGH-EFFICIENCY PROJECTS IN MAINE'S HOSPITALITY INDUSTRY: • Heating, Ventilation, and Air Conditioning (HVAC) • LED lighting • Refrigeration projects SCAN HERE TO FIND OUT MORE ABOUT ENHANCED INCENTIVES FOR THE HOSPITALITY INDUSTRY AND INFORMATION ON HOW TO SIGN-UP FOR AN INFORMATIONAL WEBINAR. S O U R C E : Sean Riley, Maine Course Hospitality Group; Smith Travel Research; MEREDA KEY FACTORS FOR A RECOVERY HOTEL OCCUPANCY RATES IN MAINE $100 100% $150 $0 0% $0 $20 20% $25 $40 40% $50 $60 60% $75 $80 80% $100 $125 2018 2019 2020 2021 REVENUE PER AVAILABLE ROOM 2018 2019 2020 2021 THE AVERAGE DAILY RATE CHARGED BY MAINE HOTELS 2018 2019 2020 2021 y most accounts, the Maine hospitality industry expects a record number of visitors this summer. With COVID restrictions lifted (knock wood) and a good deal of pent-up demand, hotels, restaurants and attractions are gearing up for the crowds. The one uncertainty is how much business and convention travel will rebound. Here's a thumbnail look at Maine's hospitality industry. F O C U S S TA R T S O N F O L L OW I N G PA G E » B $85.96 $88.42 $46.57 $72.00 $130 $130 $104 $124 66.2% 67.2% 44.7% 58.1% Labor shortages will be an issue Conventions will affect hospitality industry as a whole Businesses need to increase travel Businesses need to return to the office Ongoing concerns about COVID

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