Month: March 2020

Great insight in to things to come in the economy in 2020 as we continue to experience fallout form the coronavirus across all segments. CBRE states that according to Oxford Economics, the U.S. economy is already in a recession. Oxford predicts that, “the coronavirus pandemic will lead to a profound, pervasive, and persistent, but not

As COVID-19 continues to spread, hoteliers have instituted new health and safety protocols as part of ever-evolving operating procedures to help their employees and guests. Check out the latest Hotel News Now article that discusses the additional measures being taken to combat coronavirus. Published by: Laura Koss-Feder/Hotel News Now Published date: March 2020 While many

Cleveland Research Company provides real time, up-to-date statistics on the state of the lodging industry in the wake of the global pandemic that is rocking the industry. Key Points of their latest update: Hotel demand continues to fall, with anticipated RevPAR declines accelerating in the last few days. What began with Group cancels and corporate

H&LA Conference News: H&LA’s Joseph Pierce, MAI and Stephen Szczygiel are attending some exciting industry conferences in March! Joseph is attending the Hunter Hotel Investment Conference in Atlanta, March 18th -20th.  Stephen is attending the National Indian Gaming Association Conference in San Diego, March 24th – 27th.   Joseph Pierce, MAI  Director of Appraisal & Consulting Services 216-810-5803 If you are

After a decade of growth and recovery, what’s next?

Looking back at the past always helps to give an indication of what the future may hold. The hotel industry has shown tremendous growth in all metrics since 2009. Forecasts show occupancy levels starting to decline while demand and supply level and ADR will grow. The consolidation of brand companies and new brand offerings that

As the Corona virus (COVID-19) continues to spread across the globe, it’s important to understand how this will affect the travel and hospitality industries. STR and Hotel News Now are doing a great job of monitoring and reporting on impacts and implications to the industry. Their analysis takes into account performance measures, forecast, earnings, and