The coronavirus pandemic has transformed the way people today dwell, get the job done, and travel — and it is the latter position that’s hammered hotels. Final 12 months, lodge occupancy charges strike their lowest level on record — 44%, in comparison to 66% in 2019. And this calendar year, the American Hotel & Lodging Association expects hotel occupancy concentrations to ordinary just 52%.
A huge motive for this boils down to a glaring lack of business enterprise travel. Employers have largely halted work-similar outings to keep away from the possible legal responsibility they could generate. Immediately after all,