The Future of the Hotel Industry

In the three years since the peak of the pandemic, the hospitality industry has demonstrated remarkable resilience. Hotels have managed to survive and thrive in a storm of uncertainty despite facing unprecedented challenges. The landscape of hotel services today has evolved to meet the shifting needs of travel guests. Hotels must heed the evolving demands […]

The Role of the Qualified Institutional Buyer in the Hotel Industry

three business people discussing and looking at tablet

The hotel industry was one of the hardest hit by the COVID-19 pandemic. However, it is recovering and gaining momentum as assets change hands at an accelerated pace.  The lodging industry is expected to see a full recovery towards the end of 2023. Until then, hotel buyers and owners battle it out to find a […]

The Resurgence of Travel in 2021

Hotel for sale Ohio

The travel industry went into a tailspin due to the COVID-19 pandemic. As hotel owners welcome the new year, however, they may entertain some cautious optimism for travel in 2021. Experts agree that travelers are chomping at the bit to travel again and that pent-up demand is starting to bubble to the surface. Travelers’ wanderlust […]

Target Leisure Travelers Until Business Travel Recovers

lwieureteravelers

It’s no secret that COVID-19 has had a tremendous effect on the business travel industry. Since March 2020, experts estimate this $1.5 trillion industry has lost around $518 billion; devastating numbers for transportation, hospitality and more. According to Dave Hilfman, executive director of Global Business Travel Association – a trade group with around 9,000 members […]

Younger Demographic Less Fearful of Travel and Hotel Stays

newgen advisory

At the beginning of August, consumer confidence fell to its lowest level in six years amidst summer coronavirus surges. The Conference Board Consumer Confidence Index declined to 91.7 in July and then decreased to 84.8 in August. The Present Situation Index, which measures consumers’ assessment of the current state of labor and business, decreased significantly […]

Coronavirus Will Leave Its Mark on the US Tourism Industry

corona

If you think the coronavirus won’t have a significant impact on US tourism, think again. As of the writing of this article, there are 71,000+ worldwide cases of coronavirus (known as 2019-nCoV) and more than 1,800 deaths. The CDC has issued a Warning Level 3 China Travel Notice; recommending the travelers avoid all nonessential travel […]

New Hotel Supply and Strong Economy Influence Hotel Forecast

Hotel Realtors

Experts in the hospitality industry foresee a strong performance for U.S. hotels in 2019. Property owners and those looking to invest will not need to worry about new rooms added to the market because demand will continue to overtake supply. Hotel Occupancy Increase Hotel occupancy levels in the U.S. are expected to rise to about […]

Powered by SlickText.com