By Laura Smythe – Philadelphia Business Journal •
Published December 29, 2020 •
Updated on December 29, 2020 at 5:45 pm
NBC Universal, Inc.
COVID-19 severely impacted the tourism and hospitality industries across the board this year, and hotels were no stranger to pandemic fallout, reports the Philadelphia Business Journal.
The local industry kicked off on a high note after a year of healthy growth and record-breaking revenue in 2019.
Download our mobile app for iOS
to get alerts for local breaking news and weather.
By mid-March, however, Philly’s hotel sector was fighting to keep its head above water. Properties were seeing 30% occupancy or less versus the typical 85% to 90% range seen at that time, PBJ.com reports.