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#Coronavirus: no return to normal before 2022 at best in the hotel industry

#Coronavirus: no return to normal before 2022 at best in the hotel industry

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Hotels at a standstill since mid-March but also travel restrictions and lack of tourists: the hotel industry was one of the first sectors immediately affected by the Covid-19 crisis. From small hotels to luxury hotels, it is the hotel industry as a whole that is helplessly witnessing the collapse of its economy. According to the statistical research group STR and the specialist firm In Extenso, it is not expected to return to its 2019 level of activity until 2022 at best. Analysis with economic outlook.

 

In a videoconference held at the start of April, the STR group and the In Extenso firm, a hotel industry expert duo, have presented a joint study on the impact of Covid-19 on the hotel sector in France and Europe. They were thus able to report on the current situation and deliver their forecasts for the future, between concerns and uncertainties.

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Featured Photo : © Four Seasons Hotel George V Paris

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