The Hotel Sector Prepares for a Long Winter
With distribution of working vaccines on the horizon, a recovery for the sector should take shape throughout 2021.
December 2, 2020 | Bendix Anderson | National Real Estate Investor
A hard winter is coming for many hotel properties. But lodging assets that survive can look forward to a more hopeful spring.
As doctors diagnose tens of thousands of new COVID-19 cases every day and hospitalizations in the U.S. hit new highs, local governments are setting new restrictions on travel and business. That means more empty hotel rooms for operators that were still only just starting to recover from the steep drops in travel that hit in early 2020, during the first weeks of the pandemic-related shutdowns.
“In the short term things are very dire,” say Jan Freitag, national director for hospitality market analytics for CoStar Group, working in the firm’s Nashville, Tenn., office.
