These numbers get staggering quickly… if we assume 80% of total inventory using very basic guesstimates we get…
Value resorts, 10300 total rooms, 20% vacancy is 2060 rooms, at $200 a night = $412,000
Moderate resorts, 7000 total rooms, 20% vacancy is 1400 rooms, at $300 a night = $420,000
Deluxe resorts, 5000 total rooms, 20% vacancy is 1000 rooms, at $500 a night is $500,000
Losing $1.5 million a day from hotel rates alone is huge but even at 3 people per room those roughly 5000 empty rooms becomes 15000 lost ticket sales, food sales, drink sales, souvenir sales, etc a day, at $200 per person that’s another $3 million a day…
$5 million a day in overall loses, or $1.7 billion a year.