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Hotel Profits Evaporate in March With Closings, Group Cancellations

New York City Hotels Took the Biggest Financial Hit From the Coronavirus Outbreak
The coronavirus pandemic has emptied hotels. (iStock)
The coronavirus pandemic has emptied hotels. (iStock)
CoStar News
April 29, 2020 | 6:51 P.M.

U.S. hotel profits tumbled in March along with other industry performance measures as a result of the fallout from the coronavirus pandemic.

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News | Hotel Profits Evaporate in March With Closings, Group Cancellations