Tag Archives: hotels

Just announced shutdowns mean hundreds of thousands now out of work (hopefully only temporarily)

While we knew something like this was coming, it was still awful when it did come. To contain the spread of coronavirus, from midday tomorrow (Monday), pubs, bars, clubs, and gyms will be forced to shut, and restaurants and cafes … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , | 3 Comments

Hotels appear to have doubts about prospects for tourism recovery

Although there has been some recovery in room occupancy rates at hotels, motels and serviced apartments since the financial crisis (see first chart below), establishments are maintaining their financial crisis levels of staffing (see second chart below), which must impact … Continue reading

Posted in Tourism | Tagged , , , , , , , , | 1 Comment