April 23, 2020
RevPar declines is deeper than we have ever seen it, and likely well into May and possibly June - globally. Looking at China as showing slow increases in occupancy. There's a pent up demand for travel. Mitigation has a lot to determine open or close with skeleton crew. Leisure and drive markets will be the first to recover depending when states allow lock downs to expire. No touch, high-tech services up for debate in the future.