COVID-19’s impact on the hotel industry has been devastating. According to STR, the operating results for the week ending May 2, revenue per available room dropped 76.8 percent compared with the same week a year earlier. In addition, HVS published an article in mid-April that presented three levels of projections of the hotel industry performance for 2020. Its midrange projection for the US hotel industry was for break-even earnings before interest, taxes, depreciation and amortization, meaning