US cities across the country will lose millions, and in some cases billions, of dollars in revenue in 2021 as far fewer people travel for business than before the outbreak of the coronavirus pandemic, new data finds.
LWHA's Daniel Lesser presented to Evolution Hospitality on the outlook of the hospitality industry.
After a rapid rebound in U.S. economic growth during Q2 2021, news of the fast-spreading Delta coronavirus variant over the past several weeks has created a cloudier outlook. Today, there are two perspectives from which to dissect the near-term future, namely glass half empty or glass half full.
Daniel Lesser joins Michael to share a look behind the curtain at the hotel industry. Discussions include distress opportunities, forecasts and operator strategies.
Successful hotel receivers are proficient in operating lodging businesses, preserving value and protecting assets that are subject(s) of a legal dispute and provide transparency in situations where the parties are not able to entirely trust each other.
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.