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Many hotels closed their doors temporarily at the start of 2020’s COVID-19 lockdowns, and data shows that how hotels recovered after reopening their doors depended heavily on location.
Ramp up is the time it takes for a hotel, either a new-build hotel or one closed for a significant length of time, such as during COVID-19 lockdowns, to achieve performance similar to others in its market or competitive set, or its own prior performance.
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