Covid -19 Crisis-STR Global Updates

Arc has kept close to how the industry is responding to the current pandemic through interacting with data sources and networking groups within the industry.

Really useful data updates on key industry metrics have been provided and shared generously by STR Global in useful sessions focused on different hotel markets.

Whilst a depressing story of empty and closed hotels showing declines internationally of 80%-90%+in volumes, some lessons can be learnt from examining the shape of recoveries from previous crisis (economic and also pandemics such as SARS) from data soruced around the world..

As hotels begin to open again this will be very useful to guide to clients and gauge how the recovery will shape up.