This report examines the impact of COVID-19 on the global hotel industry, which faced severe disruptions as travel restrictions, lockdowns, and event cancellations sharply reduced customer demand. The business travel segment was expected to suffer a revenue loss of approximately USD 820 billion, with Asia among the hardest-hit regions. International tourism also declined significantly, with the UN World Tourism Organization forecasting a 20–30% drop in global tourist arrivals and losses of USD 300–450 billion in tourism receipts. The cancellation or postponement of major events such as Expo 2020 Dubai, Mobile World Congress, Google I/O, the Tokyo Olympics, Wimbledon, major football leagues, the NBA, and the IPL further reduced travel activity and hotel occupancy. The report highlights the

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