The global hospitality industry has been ravaged by COVID-19, a classic example of a black swan event. While many are looking backwards to compare the current market environment with the post-9/11 or 2008 Great Recession periods, we prefer to look forward – trying to address the tough questions weighing on our collective minds.
Already there are positive signs of the industry coming back to life!
LodgIQ and Phocuswright are teaming up to evaluate the level and duration of disruption, notable differentiating factors, and the projected recovery curves in major markets across the globe. London, Singapore, Sydney, New York City, Boston, Dallas, Los Angeles, Key West, and San Francisco are the first destinations of our Phocuswright “Special Series” collaboration, which explores how deteriorating market conditions in March drastically impacted travel in the market.