An IHG default on hotel payments in July could lead to the first large opportunity in North America for another brand to take over those properties, all directly a result from the coronavirus pandemic.
Vegas casino operators may care more about occupancy over daily rates in the initial recovery, but prolonged room discounts can alter guest rate expectations — and sink hotel revenue streams for the long-term.
Analysts are beginning to predict the hotel industry’s recovery from the coronavirus downturn in travel, but some caution there are still too many unknown variables awaiting properties when they reopen.
Smaller hotel chains likely face two choices coming out of the coronavirus crisis: shutter completely or consolidate into a bigger brand.
Our alumni share how they have come to terms with the pandemic and share recommendations on how to keep busy while at home, along with their hope for the future of the hospitality industry.
Hotel groups continue to have a receptive audience in Washington regarding relief funds, but they will need to be careful not to overstep in asking for stimulus further down the recovery path.
The coronavirus pandemic has left no part of the travel industry unscathed, and that includes the unicorn of the short-term rental world.
Until lenders can wade through the $2 trillion U.S. stimulus package and determine valuations, hotel deals will remain on ice. Expect smaller banks to issue the first round of hotel loans on the upswing.
We asked Meet the Money 2019 attendees where they see the hospitality industry headed in 2019 and 2020--where are the opportunities? The challenges? What trends are emerging? Hotel executives tell us what their expectations are at our national hotel finance and investment conference.
Hotels and other commercial properties are more than just the physical brick-and-mortar building and entrepreneurs making their first foray into the hotel or commercial property real estate industry may not necessarily know what they are getting themselves into.