But many experts caution that domestic travel is behind the recent uptick in China whereas in Europe, which is dependent on foreign travel, occupancy is much lower. In fact, Marriott said Europe will be the last geographic region to recover, with roughly 75% of hotels currently closed.
"So far, group cancellations have been concentrated in the first half of 2020, although we are starting to see cancellations show up for the third and fourth quarters," Oberg said.Many hotels rely on airlines to drive occupancy and sales, especially in locations that can only be reached by plane. "That non-drive-to demand will also depend on airlines adding back capacity," Oberg said.
"I'd say the chatter is the earliest one might see corporate business travel return is after Labor Day," SunTrust travel and hospitality analyst Patrick Scholes told CNBC over e-mail. "While some states are starting to open up, corporations will be far more conservative regarding sending their employees out on the road just yet."
Hold on a second, they are claiming China having 30% occupancy is a recovery? That’s terrible. Hotels loss money at less than 60%.
Uh huh. The regions that are majority GOPDeathCult . Did Marriott buy body bags?