HVS Market Pulse - Cincinnati
By Brian Arevalo
The impact of the COVID-19 pandemic on the regional economy has been severe across all traditional lodging demand segments. Within the corporate segment, demand declined significantly as most of the region’s largest employers eliminated corporate travel in 2020. We note that many companies began to reopen offices in the summer of 2020; however, others continue to allow employees to work remotely, including Procter & Gamble and Kroger.