And that’s in the more optimistic of the two crisis-recovery scenarios that global executives view as most likely (A3), after revenue per available hotel room falls by 53 percent in 2020. In the more dire scenario (A1), recovery doesn’t happen until beyond 2023.
To read the article, see “Hospitality and COVID-19: How long until ‘no vacancy’ for US hotels?,” June 10, 2020.