Hotels Struggle to Survive!

https://www.hotelmanagement.net/own/str-revpar-drops-to-16-50-to-start-april?mkt_tok=eyJpIjoiWldWbU5HWmlZV1kwTkRVMyIsInQiOiI3a0RscCtIWUpJUWljM3VmZldrVFVoNkloZzNCdXdpTHhDRkdBdlJ3WWtyVldHWjFtRGVMNVdoOGxVczNkcmpYaWpVbm5jUWNvSlZKXC9ZZytqRGNzcnF0V1wvWHNxWW54K3hUQXY1WGpLeWNzdHllcDJNTEJxMVZrWUozM2ZnTnFZbmJnRnNmS1RSWFl2czRRbTRHYkg4QT09In0%3D&mrkid=14137590

Reflecting the continued impact of the Covid-19 pandemic, the US hotel industry reported significant year-over-year declines in virtually every major performance metric during the week of March 29 through April 4.

Oahu Island experienced the largest decrease in occupancy (down 90.7%) and the only single-digit absolute occupancy level (7 percent). The decline in occupancy resulted in the steepest drop in RevPAR (-93.7 percent to $10.83). RevPAR stands for Revenue Per Available Room.