Coronavirus pandemic guts hotel stay demand - data

(Reuters) - Hotel revenue slumped globally in February as the coronavirus outbreak across the world led to travel bans and cancelled vacations, with Hong Kong taking the biggest hit, according to analytics firm STR. Data from STR, which runs a benchmarking platform for over 68,000 registered chains, groups and individual properties, showed revenue per available room (RevPAR) - a key metric for the industry - in Hong Kong fell 85.9% in February from a year earlier and 82.2% in mainland..