InterContinental Hotels Group has given a preview of its First Quarter 2020 trading update to be released on May 7, revealing it expects to report a 55 per cent decline in revenue per available room throughout March.
The impact of COVID-19 on New Zealand's hotel market Colliers
Dean Humphries Colliers International Hotels New Zealand release their first quarter report. The short term impact of Covid-19 on the hotel sector has been swift with New Zealand in full lockdown.
Sydney hotel occupancy declines amid increased supply
New data from STR has indicated a drop in Sydney hotel occupancy for the month of January, with revenues down almost seven per cent compared with the same time last year.