• Results from a July 2020 survey showed that among the 501 Americans surveyed, 67% said they do not feel comfortable traveling via airplane during the pandemic. That percentage was the same as that found back in May 2020.

• A future insight from McKinsey about the U.S. hotel industry projects that "[i]n the worst-case scenario, US hotel revenue per available room will be down 20 percent by 2023" compared to the 2019 level. The best-possible outcome is that by 2023, there will be a 2% increase in "US hotel revenue per available room" compared to the 2019 level.

• Leisure travel is beginning to show signs of recovery, but business travel is expected to "take some time to return."

• According to Hyatt CEO Mark Hoplamazian, lower-tier hotels are currently performing better than their more-upscale competitors. One reason for that is because many of those hotels are situated nearby airports and thus "accommodat[e] people who are moving around."

• Mr. Hoplamazian also opined in June 2020 that "over the next six- to 12-month period, you’re going to see a bit of a barbell recovery, where lower-tier, lower-price hotels will be doing well, and then you will have luxury hotels doing well once air travel starts to free up a little bit. The hotels that will [take] the longest to recover are our large group meetings hotels, our convention hotels."
• One creative solution that Hyatt Hotels has implemented for weddings that it hosts is a hybrid wedding in which the event is "a streamed version" with guests distributed "across the property" for social-distancing purposes.
• As of the end of July 2020, Brazil's "tourism industry has already lost nearly . . . $23.6 billion" due to COVID.

Summary of Initial Research