Hotels Remain Pressured by COVID-19

 

  • Demand for hotel rooms was down by 36.8% year-over-year nationally in Q3 2020. Supply increased by 1.8%.

 

  • Total U.S. employment increased by 0.5% in September, mirroring the slow recovery in hotel performance.

 

  • National hotel occupancy decreased by 37.9% year-over-year.