American hotel industry

It is normal that the vacancy rate of hotels in North America is high. After all, the population of the United States and Canada is small, and with the impact of the epidemic, it seems not difficult to understand that the hotel vacancy rate in North America has become like this. I personally summed up the following reasons. The first is the impact of the epidemic. Many people isolate themselves at home. The second is to stop production and stop production, and the number of business trips is reduced. Finally, ports and airports were closed, and the number of inbound tourists decreased.

The first is the impact of the epidemic. Many people isolate themselves at home. In fact, tourism is divided into domestic and overseas. Many people in North America like go on road trip very much, but the space in the car is small, so they still need to find a formal hotel to rest at night. So in general, the number of tourists has decreased, forcing many hotels to close. The suspension of services, coupled with the impact of the sharp decline in US stocks and unemployment rate, has led to fewer and fewer people staying in hotels.

The second is to stop production and stop production, and the number of business trips is reduced. In fact, this is also very understandable. After all, the most likely place to go on a business trip is to stay in a hotel. But the factories were shut down, so there were fewer salesmen and fewer people on business trips. Naturally, no one will stay in a hotel. What's more, many people who don't want to be infected with COVID-19 virus are afraid to come out at home, let alone in public places like hotels. Although all hotels have started disinfection work, the passenger flow is still small.

Finally, ports and airports were closed, and the number of inbound tourists decreased. COVID-19 virus spreads all over the world, so most countries choose to close ports and airports, and overseas travel is basically closed. The population of North America is actually small, and the prosperity of the hotel industry basically depends on foreign tourists. But now there are no foreign tourists, and the hotel industry is in a depression instantly. In fact, the way to revive the hotel industry is very simple, that is, put all your strength into fighting the epidemic. After the epidemic is eliminated, the tourism industry will recover, and the hotel industry will naturally recover after the tourism industry recovers.