COVID-19 Changed the Hospitality Industry for the Long Term | Hotel Business

Author: External Author | | Categories: Hotel Accounting , Hotel Bookkeeping , Restaurant Accounting , Restaurant Bookkeeping

The hospitality industry has been hit hard by the COVID-19 pandemic. CRBE predicts that 2020 will be the worst year on record for hotel occupancy, due to stay-at-home orders, travel restrictions, quarantines, and consumers’ ongoing fear of contracting the highly contagious virus. To put it into perspective, Tourism Economics stated that COVID-19’s impact on the travel industry has been nine times worse than post-9/11.  

Original Article Source Credits:   HOTEL BUSINESS  , https://www.hotelbusiness.com/

Article Written By:  HOTEL BUSINESS 

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Link to Original Article:  https://www.hotelbusiness.com/covid-19-changed-the-hospitality-industry-for-the-long-term/

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