One of the principal tenets of the European Union — enshrined in the June 1985 Schengen Agreement — is the free movement of people and trade across the borders of its 27 member nations.

Within weeks, COVID-19 essentially ended that freedom, even if the virus will in the grand scheme of things be a temporary hindrance.

Inter-continental travel has not been as restricted across Europe since World War II, and in a hotel industry vastly different today from that of the 1930s, the effect on the industry has been colossal.

Read the full article at CoStar Group, Inc.