The U.S. Lodging Industry has shifted dramatically over the past twelve months. Looking back to this time last year, the world was fiercely battling the Coronavirus pandemic, virtually weaponless without anything other than masks and social distancing measures.
Demand drivers are anticipated to change during the second half of this year as post Labor Day corporate travel should increase, and with schools reopening leisure travel will slow down.
Hotels might be down now, but they will be back. It’s simply in their nature.
During the first half of 2021, there have been four single asset hotel sales in the United States recorded with a per room transaction amount greater than US$1 million dollars, two of which were for more than US$2 million per key.
Daniel Lesser presents on the state of the hospitality market.
The Counselors of Real Estate (CRE) held a panel called The Road Ahead for U.S. Lodging.
Hunter Hotel Investment Conference 2021 - Breakout Session on CMBS
The hospitality sector was devastated in 2020, but vaccinations, industrywide efforts, and returning demand are reasons for hope.
Proposed legislation pushed by New York City Mayor Bill de Blasio isn't expected to cause immediate challenges for hotel developers, but could stall future development at a time when new hotel rooms are needed in the market.