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ODU study paints grim picture for Williamsburg businesses this holiday season
The Hampton Roads hotel industry is experiencing major dips in revenue, but none more than Williamsburg, study says. Author: Eugene Daniel (WVEC) Updated: 12:13 AM EST December 10, 2020
WILLIAMSBURG, Va. Thousands of people typically travel to Williamsburg during the holiday season, but a new study reveals the city experienced a major economic drop the first week of December.
Newly released data from Old Dominion University Dragas Center for Economic Analysis and global firm, STR, show hotel revenues and bookings in Virginia fell by 51% and 33%, respectfully, for the week of November 29 to December 5.