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Tonycoolkid21:

Article Review: Read and write a two paragraph summary. Due at the end of the class period 4/23/2021 Lennard Gilham • 11:59 AM 100 points Spring will soon be here. People are celebrating the Lunar New Year. Do you see a brighter future in 2021?Without a doubt, 2020 was a challenging year for most. Besides lockdowns, many companies let employees work from home permanently. When many business activities were put on a break and supply chains were interrupted, the global economy collapsed. COVID-19's impact on the hospitality and tourism industry has been devastating and unprecedented.How tough was it in 2020?The aviation industry According to the International Civil Aviation Organization, global air traffic dropped from 4.5 billion in 2019 to 1.8 billion in 2020. The financial loss to the industry was $370 billion. Additionally, airports and air navigation service providers reported a loss of $115 billion and $13 billion, respectively. In the U.S., the six largest airlines lost $35 billion in 2020.Hotels The American Hotel and Lodging Association (AHLA) estimated that COVID-19's impact on the travel industry in 2020 was about nine times of that from 9/11. Hotel room revenue was cut in half, from $167 billion to $85 billion. Hotels were running at about 44% occupancy in 2020, down from 66% in 2019, although extended-stay hotels and the home-sharing sector seemed to be more resilient during this pandemic.STR, a leading provider for data benchmarking, analytics, and marketplace insights for the lodging industry, reported a decline of 84.6% in U.S. hotels' gross operating profit per available room (GOPPAR). In 2019, U.S. hotels were running at $245.10 in total revenue per available room and $94.72 in GOPPAR. Such numbers went off the clip to $88.90 and $14.62 in 2020, respectively.Restaurants The restaurant industry ended in 2020 with about $659 billion in total sales, $240 billion below what the National Restaurant Association estimated for the year before the pandemic. Fast-food or quick-service restaurants, as well as restaurants shifting to curbside pickup and delivery services, seemed to do fine.The new year brings hopes to the industry YOU MAY ALSO LIKE COVID-19’s Impact On The Albuquerque Lodging Market Business Travel: Full Recovery Expected by 2025 COVID-19’s Impact on the New Orleans Lodging Marketview allThere are signs of improvement toward containing the coronavirus even with concerns over the variants. First and foremost, fewer people got infected.

QuestionCoveBot:

What are you supposed to do?

Tonycoolkid21:

ok teacher i am supposed to Read and write a two paragraph summary.

QuestionCoveBot:

To everything from "Spring..." to "...infected."?

Tonycoolkid21:

yes

kassidydaddysgurl:

oh do still need help im really good at this stuff

Tonycoolkid21:

ok

QuestionCoveBot:

Alright, so... I took out the questions. Do you see a brighter future in 2021? How tough was it in 2020? Answer this ^ That'll make it easier for you.

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