US Hotel Market Had Worst Year Since Great Depression
(iStock) The coronavirus pandemic made 2020 the worst year for the U.S. hotel market since the Great Depression, when occupancy rates dipped below 40 percent. In 2020, the overall occupancy rate was 41.6 percent. However, the impact varied significantly by geographic location and the type of hotel, according to a new report from CBRE Research. […]
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