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 permanent reductions in activity, with widespread cuts in social spending, severe disruptions to supply chains, and major interruptions in travel and tourism activity.” The lodging industry, experiencing profound losses, is facing two problems, the overall contraction in economic activity and the continued practice of social distancing, which discourages travel and leisure activities. This will cause a severe decline in lodging demand in the U.S., as it has in other countries. CBRE estimates that RevPAR will decline 37% in 2020, with a contraction of more than 60% in Q2.
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October 13, 2021
Over the past few decades, there has been a growing trend globally of hotels and resorts adding waterpark attractions and features. Some properties have added one or two slides, and some have built a substantial waterpark attached to the resort. H&LA conducted a study for WhiteWater, the leading global manufacturer and designer of waterpark equipment,READ MORE