Profit drops of 100% or more: Global hotel industry rocked by COVID-19

In the first analysis of full profit-and-loss performance since the COVID-19 pandemic swept through the global hospitality industry, March was expectedly a brutal month, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100% or more, as the virus’ spread continued unabated, all but shutting down travel. To date, there […]

– eTurboNews | Trends | Travel News
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