Group Cancellations by Region: 90 – 120 Day Booking Window (as of 3.11.20)
U.S./North America: 40%
Asia Pacific: 90%
As expected, Asia Pacific has the highest cancellation rate with 90%, while U.S./North America hotels report a 40% cancellation rate for events and meetings. The U.S./North America rate has reached a relatively high level quickly as companies restrict travel and organizations cancel events in efforts to quickly control the spread of the virus and limit community exposure.