Figure 9: Year expected to make a full recovery in revenue
Americas
Europe
Global
2022
35%
28%
45%
2023
44%
40%
50%
50%
2024
17%
24%
5%
2025
2%
4%
Beyond 2026
2%
4%
A higher proportion of venues that offer lodging (31%) have already made a full recovery in volume levels, or are on course to a full recovery by the end of 2022, than non-residential venues (12%). This said, most non-residential venues still expect to make a full recovery by 2023.
Figure 10: Year expected to make a full recovery in meetings volume by residential/non-residential
Residential
Non-residential
2%
2021
3%
29%
2022
9 %
45%
2023
48%
24%
2024
10 %
33%
3%
2025
3%
Beyond 2026
Residential venues were also more likely to have seen a faster recovery in revenue levels, with 45% on track to reach or surpass their 2019 revenue in 2022. Most non-residential venues still project to make a full recovery by no later than 2023, although 7% expect it to take until 2024 and a further 7% expect it to extend beyond 2026.
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