Lodging

Lodging, especially hotels, has been hit hard by a lack of travel and tourism as a result of the impact of COVID-19 and the measures taken to contain its spread in 2020. As the growth of available rooms has been increasing faster than the occupancy ...

The COVID-19 pandemic is having a strong negative impact on all categories and players in lodging in Argentina in 2020 due to the very steep decline in business and leisure travellers across both domestic and international markets. Budget and unrated...

Restrictions introduced in March 2020 severely limited operations within lodging. Establishments were banned from providing food and drink to be consumed on site, and all entertainment, sport and recreation was prohibited within hotels, as were ...

Given the lodging industry’s strong dependence on inbound tourists, the travel bans imposed by the government left lodging companies on shaky ground, with many having to update their policies and include flexible booking, cancellation and duty of ...

The global COVID-19 pandemic is having a strong negative impact on all categories and players in lodging in Chile in 2020 as the steep decline in business and leisure travellers leads to a similarly precipitous fall in spending on lodging services. ...

Hotels and other types of accommodation for tourists and travellers were not mandated to close during the lockdown period in Romania, but most either shut their doors or reduced their activity significantly due to lack of guests. Advisable health ...

Starting when closures were mandated during the early part of 2020 and continuing throughout the year despite the easing of restrictions, the performance of lodging has been severely affected by the impact of COVID-19. Exacerbating the effect of ...

Lodging in Brazil registered a very sharp drop in occupancy rates in the second quarter of 2020, when social distancing measures were at their strictest in those areas first impacted by the pandemic. With tourism activities suspended and flights ...

Lodging will be particularly hit hard by the COVID-19 crisis in 2020 overall. Similar to car rentals, the significant decline in inbound arrivals has led to a subsequent decline in the number of overnight stays which will cause sales to plummet. As ...

Lodgings have been hit exceptionally hard by COVID-19, and in particular the collapse in inbound leisure tourism caused by the suspension of international flights and the closure of borders. Hotels and tourist sites were shut in March in response to ...

Russia’s state-run hotels and resorts were forced to shut down from 28 March until 1 June in 2020 in response to confirmed coronavirus cases surpassing 1,000. Demand for lodging collapsed as inbound tourism stalled and regulations around movement ...

The closure of lodging locations as part of measures to limit the spread of COVID-19 will inevitably lead to a marked fall in category sales in 2020. In May, Airbnb Ireland Ltd, the leading player in the fragmented lodging category in Ireland, ...

Hotels and short-term rentals targeting foreign tourists visiting Budapest are expected to suffer the largest decline in value sales due to COVID-19 in 2020. Danubius, is the largest hotel chain in Hungary, with its properties mainly in Budapest and ...

The global COVID-19 pandemic is having a strong negative impact on all categories and players in lodging in Bulgaria in 2020. A very steep decline in the number of business and leisure travellers across both domestic and international markets is ...

After seeing double-digit current value growth for most of the review period, all these gains in lodging sales are expected to be wiped out in 2020. Due to COVID-19 restrictions, the number of tourists, both international and domestic, and both ...

Lodging sales overall have so far dropped by 47 % in terms of retail current value in 2020, compared to 2019’s 4% rise. Internet transaction value is falling by 46% and offline value by 49%. Hotels is falling faster than short-term rentals, though ...

The effects of COVID-19 on both inbound and domestic lodging sales have been extreme. On the one hand, the virtual closure of the country’s airports at the beginning of lockdown has seen inbound tourist numbers plummet; on the other, quarantine ...

Travel restrictions and concerns about contracting COVID-19 have increased the lodging category’s reliance on domestic tourism in 2020. The number of inbound tourists has fallen dramatically, while many Dutch residents have chosen to stay in the ...

As a result of a range of COVID-19-related restrictions imposed in the early months of 2020 on travel, movement and gathering, retail value sales of lodging—including hotels, short-term rentals, campsites and hostels—have fallen sharply and it is ...

Lodging in Italy has also been heavily affected by Coronavirus (COVID-19). At the peak of the public health crisis, hotels saw zero occupancy. Border closures, travel bans and restrictions and the closure of businesses, museums, art galleries and ...