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5 Hotel Chains Lose Over $25 Billion in Market Cap Due to COVID-19
September 24th, 2020 - 01:00 GMT

5 Hotel Chains Lose Over $25 Billion in Market Cap Due to COVID-19

The coronavirus outbreak has affected every sector across the globe, but the hotel industry is among the hardest hit. Five of the world's largest hotel chains lost a whopping $25.2 billion in market cap amid the Coronavirus pandemic, according to an expert. Although hotels implemented increased safety and sanitation measures and cautiously reopened for the summer travel season, recovery to pre-Covid-19 levels could take years. According to data presented by ...
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