HOTEL INDUSTRY - TRENDS AND PERSPECTIVE IN THE CONTEXT OF COVID-19 PANDEMIC

Worldwide, one of the most affected by the COVID-19 pandemic is the hotel industry. The decrease in the occupancy rate of hotels has been visible since March 2020, similarly there is a decrease in performance indicators, such as average daily rate (ADR) and revenue per available room (RevPAR). Speci...

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Bibliographic Details
Published inQuaestus (Timio̦ara) no. 18; pp. 178 - 186
Main Author Popsa, Roxana Elena
Format Journal Article
LanguageEnglish
Published Timisoara Dimitrie Cantemir Christian University, Faculty of Management in Tourism and Commerce Tourism 01.04.2021
Subjects
Business metrics
Coronaviruses
COVID-19
Homeless people
Hotels & motels
International
Pandemics
United States > US
Europe
Italy
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Summary:Worldwide, one of the most affected by the COVID-19 pandemic is the hotel industry. The decrease in the occupancy rate of hotels has been visible since March 2020, similarly there is a decrease in performance indicators, such as average daily rate (ADR) and revenue per available room (RevPAR). Specialized studies estimating that only starting with 2024 the hotel industry will be able to return to the level of performance before the pandemic. Therefore, the paper aims to present the main coordinates of the hotel industry worldwide, the impact of the Covid-19 pandemic, as well as the development possibilities of the industry in the current socioeconomic context.
ISSN:2285-424X
2343-8134