Hotels Get Past Awful Q2, But Demand May Not Rebound Until 2023

September 10, 2020

Article by:  Dees Stribling

“During Q2, occupancy in U.S. hotels dropped 60% compared with a year earlier. Such a contraction in demand meant that the national occupancy rate stood at only 28.3% for the quarter, with about 15% of all hotel properties forced to close at some point during Q2.”

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