Hotels get pummeled as demand nosedives for a second week

The hotel industry suffered another devastating week, as cities like New York and San Francisco saw more than eight out of every 10 hotel rooms sit empty. Occupancy levels in those two cities plunged more than 80 percent last week as the Covid-19 pandemic obliterated demand for hotel stays, new figures released Wednesday by the hospitality data firm STR show. Across the United States, occupancy fell on average by more than half to roughly 30

source https://therealdeal.com/2020/03/25/hotels-get-pummeled-as-demand-nosedives-for-a-second-week/