According to data from Hotstats, hotel markets across the US, Europe, Asia and the Middle East have all recorded year-on-year profit drops of 100% or more, amid the Covid-19 pandemic.

March saw gross revenue per European hotel room fall by a record 115.9%, the biggest year-on-year decline since April 2009, with RevPAR also down 66.2% year-on-year.

Hotel performance is expected to pick up after the crisis lessens.

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