Hotel Occupancy Plunges 24% With U.S. Travel Shutting Down
- Industry contending with major fallout as Americans stay put
- Companies have asked White House for $250 billion in aid
Photographer: John Lamparski/Getty Images
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The hotel industry is dealing with major fallout as the coronavirus outbreak keeps Americans at home.
Hotel occupancy in the U.S. fell 24% in the week that ended March 14 as travel shut down across the globe. Seattle and San Francisco were particularly hard hit, with occupancy rates dropping below 40%, according to data provided to clients by lodging analytics firm STR.