In 2020, hotel occupancy rates plunged to record lows, and now, even as travel picks up again, many properties aren't seeing bookings that mimic pre-pandemic levels. In an age when it's easy enough to meet with colleagues remotely over Zoom, the future of business travel is in serious jeopardy. Furthermore, while some extended-stay hotels saw decent occupancy rates during the pandemic, others have remained sluggish due to that same lack of business travel.
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