Lessons (Still Being) Learned Regarding Hospitality Finance in the Covid-19 Age
By EsqSocial Corporation 20/05/21
The COVID-19 pandemic wreaked havoc across the real estate portfolios of investors and lenders, perhaps most disastrously in the hospitality sector. A recent American Hotel & Lodging Association report shows the industry lost approximately four million jobs since 2019, and predicted business travel (the largest source of hotel revenue) will recover slowly from current virtually non-existent levels starting in the second half of 2021, but will not fully recover until 2023 or 2024. The predictions...
By: Goodwin