Leisure travelers proved there was pent-up vacation demand once travel restrictions lifted. Hotel owners need the corporate travel and events sector to follow suit in 2021.
Want to build a new resort by the beach or acquire a five-star hotel downtown in a major U.S. city? Lenders are listening. But if you want to break ground on a roadside motel in a secondary market, you may be waiting for the bank to return your calls for several years.
The hotel industry qualifies for larger small business loans under the new coronavirus relief measure. That's reason for it to celebrate, but the industry will still need what it considers a real stimulus bill with incentives to revive travel demand in the long-term.
The $900 billion coronavirus relief deal delivers the airline and hotel industries some of the top requests on their respective holiday wish list. Just as before, airlines get the biggest prize.
Although the hotel industry claimed federal liability protections were a vital need in the next round of coronavirus relief, leaving the measure out of an emerging deal in Washington doesn't leave hoteliers completely vulnerable to lawsuits.
Optional coronavirus tests are another layer to Marriott's approach to combatting the threat of the virus. But testing is not a standalone solution to getting back to pre-pandemic performance levels.
We always want what we can't have: Investors may salivate over how ski resorts have performed over the span of the pandemic, but owners have little incentive to sell their durable assets.
Uncontrollable crowds and travel-induced community disruption happen in even less-visited tourist destinations, says a leading tour operator. His message: Don't waste an opportunity like the pandemic. Please don't rebuild to just the way things were at the end of 2019.
Every company goes through growing pains, but Airbnb can't forget what initially drew so many travelers away from hotels and into the short-term rental sector.