The top three concerns of asset managers are labor availability (90.48%), wage increases (70.24%) and supply chain delays (61.9%).
While some changes the hotel industry shouldered as a result of the COVID-19 pandemic were temporary, more long-term shifts in guest behavior are influencing how hoteliers build, buy and operate hotels.
Despite best efforts, there is an assumption that COVID will become an endemic disease, meaning it’s here in perpetuity, like the flu. That means one thing: better get used to it. If it’s Omicron one day, it could be Upsilon next. For the hotel industry, that means rolling with the punches - hard or soft. The dark days of 2020 are - touch wood - never coming back and as 2022 casts off, the year ahead appears brighter, if not still bumpy.
How did destination resorts in the northeastern United States fare during the pandemic? What is the future of this asset class?
As the hotel industry gathered for the Americas Lodging Investment Summit this week, it served as a chance to dive into projections and analysis for the year to come, and a consensus has emerged on both the recovery and the stumbling blocks ahead.
Hoteliers are now fully embracing the need to be more adaptable as the changes to travel continue to unfold
2/3 Of Hotel Owners Say They Have Six Months Or Less At Current Levels
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