Hyatt Pulls Guidance Over Coronavirus
The hotel industry has been among the hardest hit by COVID-19 as public events and sports activities have been canceled, most travel has been banned into the U.S. from Europe, corporations have curtailed business travel, and people have elected not to travel for fears of contracting the disease.
As the novel coronavirus outbreak, now called a pandemic by the World Health Organization, has been spreading around the world, its impact on our lives, communities, and the economy has been significant -- and very fluid.
The restrictions and impacts are changing daily, and with no sense of how long it will last, it has been difficult for businesses to assess the financial impact -- particularly hotels, which rely on travel.
Source Fool.com
