Hospitality and COVID-19: How long until ‘no vacancy’ for US hotels?
Files
TR Number
Date
2020-06-10
Journal Title
Journal ISSN
Volume Title
Publisher
McKinsey & Company
Abstract
The hospitality industry has taken a huge hit with the explosion of Covid-19 cases. Research suggests that it could take until 2023 or later to recover. This article addresses the recovery scenarios for US hotels, what guests say will make them feel safe when traveling, and factors that affect the initial return of travel in domestic business and leisure segments.