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COVID-19: Israel crisis containment | London losses

Losses in London escalate: A slight dip in occupancy for February grew nearly tenfold for the first week in March, according to preliminary STR data. Last month saw YOY occupancy off by 2.3%, but by early March the decline had grown to 21%. ADR, which held steady in February, sank 8.5% in early March. RevPAR shrank by 27.7 during March 1-7. UK hospitality under “existential threat”: Some of the UK’s largest hotel, pub and restaurant chains — and the jobs they support – might not survive after coronavirus without quick government intervention, a trade group representative wrote in a letter to the…
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