Revenue from hotel rooms slips nearly 6% in February due to Covid-19 spread
Revenue per available room — a key metric for the industry — in Hong Kong fell 85.9% in February from a year earlier
20 March 2020 - 16:09
Bengaluru – Hotel room revenue slumped 5.5% globally in February from a year earlier as the coronavirus outbreak brought the airline industry to a halt and travel bans hurt vacation plans, data from analytics firm STR showed on Friday.
STR, which runs a benchmarking platform for over 68,000 registered chains, groups and individual properties, said occupancy fell 7.8% across the hotel industry...
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