The coronavirus (COVID-19) pandemic is causing a decrease in hotel occupancy rates in the United States. As a result, the predicted business sales of the hotel sector could also see a drop. If occupancy rates were to drop by 50 percent in the U.S., this would potentially result in a loss of 925 billion U.S. dollars in business sales in 2020.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Potential impact on the total business sales of hotels in the United States due to the coronavirus (COVID-19) pandemic in 2020
(in billion U.S. dollars)
Percentage drop in occupancy rate (from average of 66 percent)
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AH&LA. (March 17, 2020). Potential impact on the total business sales of hotels in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 08, 2020, from https://www.statista.com/statistics/1105260/coronavirus-hotel-business-sales-impact-us/
AH&LA. "Potential impact on the total business sales of hotels in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars)." Chart. March 17, 2020. Statista. Accessed August 08, 2020. https://www.statista.com/statistics/1105260/coronavirus-hotel-business-sales-impact-us/
AH&LA. (2020). Potential impact on the total business sales of hotels in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 08, 2020. https://www.statista.com/statistics/1105260/coronavirus-hotel-business-sales-impact-us/
AH&LA. "Potential Impact on The Total Business Sales of Hotels in The United States Due to The Coronavirus (Covid-19) Pandemic in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Mar 2020, https://www.statista.com/statistics/1105260/coronavirus-hotel-business-sales-impact-us/
AH&LA, Potential impact on the total business sales of hotels in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1105260/coronavirus-hotel-business-sales-impact-us/ (last visited August 08, 2020)
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