The coronavirus (COVID-19) pandemic is causing a decrease in hotel occupancy rates in the United States. As a result, the hotel sector's contribution to GDP could also see a drop. If occupancy rates were to drop by 50 percent in the U.S., this would potentially result in a loss of 500 billion U.S. dollars being contributed by the hotel sector to GDP in 2020.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020
(in billion U.S. dollars)
Percentage drop in occupancy rate (from average of 66 percent)
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AH&LA. (March 17, 2020). Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/
AH&LA. "Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars)." Chart. March 17, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/
AH&LA. (2020). Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/
AH&LA. "Impact on The Hotel Industry's Contribution to Gdp in The United States Due to The Coronavirus (Covid-19) Pandemic in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Mar 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/
AH&LA, Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/ (last visited November 10, 2024)
Impact on the hotel industry's contribution to GDP in the United States due to the coronavirus (COVID-19) pandemic in 2020 (in billion U.S. dollars) [Graph], AH&LA, March 17, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1105296/coronavirus-hotel-industry-gdp-impact-us/
