Global hotel room revenue slumps 5.5% in February as coronavirus spreads - data
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(Reuters) - Hotel room revenue slumped 5.5% globally in February from a year earlier as the coronavirus outbreak brought the airline industry to a halt and travel bans hurt vacation plans, data from analytics firm STR showed on Friday.STR, which runs a benchmarking platform for over 68,000 registered chains, groups and individual properties, said occupancy fell 7.8% across the hotel industry.Revenue per available room (RevPAR) - a key metric for the industry - in Hong Kong fell 85.9% in February..