novel coronavirus
The Importance of Financial Relief for the Hotel Industry
Anne R. Lloyd-Jones | March 23, 2020
By Anne R. Lloyd-Jones The coronavirus (COVID-19) pandemic is having a profound impact on the hospitality industry, as travel restrictions, limits on large gatherings, the closure of restaurants and bars and, perhaps most influential, fear of the virus, have brought travel—and most other aspects of hospitality—to a virtual halt. According to Chip Rogers, president and CEO of the American Hotel and Lodging Association (AHLA), “The impact to our industry is already more severe than anything we’ve seen before, including September 11th and the Great Recession of 2008 combined.” With some hotels reporting occupancy levels of below 20%...
Coronavirus: What Impact on the Swiss Hotel Industry
Dr Giuliano Bianchi | February 12, 2020
Following the outbreak of the coronavirus there will inevitably be a shutdown of Chinese tourists. How bad is this for the Swiss tourism industry? Forecasting the Effects of Coronavirus on the Swiss Hotel Industry A novel coronavirus (formally known as 2019-nCoV) has sprung up over the last few weeks, with its epidemic center in Wuhan, the capital of Hubei province (China). Little is known about this virus, but we do know that has an incubation period of 2 to 14 days and a mortality rate of 2.07%, according to CNN. While urgent research is being carried out, authorities are taking steps to contain the spread of the virus by closing air traf...
