Hopeful signs are emerging for Hyatt in the second half of 2020, but it has to differentiate itself from competitors looking to pounce on those same limited opportunities.
Airlines may lag hotels in their recovery timeline, but both industries need more coronavirus testing and treatments to have a shot at returning to peak performance levels.
Economic downturns can lead to opportunity and heavy deal volume in the hotel industry, but coronavirus puts a major question mark on what a property is worth under the travel industry's uncertain future.
Ongoing government coronavirus relief efforts like the $2 trillion CARES Act and banks unwilling to take over hotels should keep most of the world's hotel supply intact through a very turbulent 2020.
Wyndham is banking future growth will come from independent hotels converting to flagged properties, but continued uncertainty in travel will dictate the opportunity timeline.
Bigger companies are returning PPP funds, but that doesn't mean small hotel operators are having an easier time getting relief from the downturn in travel.
Gross operating profits tanked in March, and it could take until 2021 for them to get to levels where owners can satisfy operational costs and mortgage payments.
Douglas Kessler's resignation only addresses one part of a luxury hotel portfolio tied to Monty Bennett receiving tens of millions of dollars in small business relief.