Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Global Hotel Room Revenue Slumps 5.5% In February As COVID-19 Spreads

Published on Mar 27 2020 10:10 AM in Hotel tagged: Trending Posts / STR

Global Hotel Room Revenue Slumps 5.5% In February As COVID-19 Spreads

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 has shown.

STR, which runs a benchmarking platform for over 68,000 registered chains, groups and individual properties, said that occupancy fell 7.8% across the hotel industry.

Hong Kong And China RevPAR

Revenue per available room (RevPAR) fell 85.9% in Hong Kong in February from a year earlier and 82.2% in mainland China, according to STR's data.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

Advertising
Share on Facebook Share on Twitter Share on LinkedIn Share via Email