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U.S. Hotels Suffered Worst Year Ever With Nearly Zero Profit

RF hotel

Source: Getty Images

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U.S. hotels recorded the lowest occupancy rates on record in 2020, as the Covid-19 pandemic kept travelers at home and ate up lodging industry profits.

Hotel occupancy was just 44% for the year, down from 66% in 2019 and the lowest number on record, according to data provider STR. The industry passed 1 billion unsold rooms for the first time in history, topping the previous record of 786 million in 2009.