“We are not close to the bottom in the US”: Hotels suffer declining revenues, mass layoffs

By every conventional measure, the hotel industry took a beating last week as the country went further into lockdown to contain the spread of the coronavirus. Occupancies, average daily room rates and revenues per available room fell drastically last week, according to new figures from the hospitality research firm STR. “Through comparative analysis of the occupancy trends in China and Italy over the past weeks, we can with certainty say that we are not yet

source https://therealdeal.com/2020/03/18/we-are-not-close-to-the-bottom-in-the-us-hotels-suffer-declining-revenues-mass-layoffs/