A report published by RE Analytics and Bernstein on hotel occupancy rates – a premium alternative data source used as an early indication of a recovering luxury goods market in a post-COVID19 scenario – has appeared in Italy’s most-read newspaper “Corriere della Sera”. Luca Solca, Senior Analyst for Luxury Goods at Bernstein, was quoted as saying “Tourism in the world’s major capitals is collapsing before our very eyes: in London and Paris, the sector has plunged a full 100%; in Milan, it’s marginally better (-99%), and New York (-96%) and Tokyo (-95%) are not fairing any better. We’re talking about 5-star luxury hotels, but the effect is rather widespread, as shown by the data processed together with RE Analytics.”