Hotels smashed by pandemic, with 62 per cent decline in room revenue

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The coronavirus pandemic cost Victoria’s hotels $1.7 billion in lost room revenue – the tourism sector’s single largest peacetime economic contraction, resulting in at least 12,000 jobs being lost. | ClayLucas

The industry is now struggling to find enough workers, according to a report by hospitality consulting company AHS Advisory, which found the industry would take four years to fully recover.

Regional Victoria – which has seen a strong resurgence in visitors since coronavirus numbers in the state subsided – also lost revenue, estimated in the report to be around $285 million. Employment numbers in the hotel industry plummeted from around 20,000 workers before the state-of-emergency was declared last March to just 6000 at the height of the lockdowns – almost all of them on JobKeeper.

AHS Advisory managing director Ron de Wit said Victorian tourism had felt the full impact of the pandemic, with Melbourne bearing the brunt of it. “[And] it will take at least four years to build revenues per available room back to 2019 levels.”

 

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ClayLucas All the more reason to use as many of them for quarantine so that hotel workers can remain employed.

ClayLucas A lot of hotels empty. If returning travellers were fully vaccinated 14 days prior to departure, a lot of these rooms could be used for HQ. Vic could vastly expand its HQ & returned traveller quotas.

ClayLucas oh those poor billionaires. 🙄

ClayLucas If only Morrison built quarantine facilities

ClayLucas Great Reset Phase One.

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