As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article from NBC News discusses the possible changes in hotels stays as a result of the virus. Many hotel experts predict drastic changes in the coming months, prompting many properties to embrace a

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article discusses whether or not U.S. theme parks will open this summer amid further pandemic fears and stay-at-home orders. While most year-round attractions are closed, it remains to be seen whether the seasonal

In response to the COVID-19 pandemic, which has caused most waterparks and amusement parks to close or delay their seasonal openings, many operators are offering incentive for guests. One such operator is Schlitterbahn, who is extending their 2020 season passes to cover the 2021 season. We expect many parks and operators will offer similar perks

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following Barron’s article details comments from James Hardiman, who covers leisure stocks for Wedbush Securities. He spoke about whether regional theme parks and cruise lines can survive and the long-term outlook for travel industry.

As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following HVS report details some of the unprecedented impact on hotel owners, operators, and investors. Published by: Anne. R. Lloyd-Jones, Suzanne R. Mellen, and Tanya J. Pierson (HVS) Published date: April 2020 The COVID-19

Great article from the BBC News Toronto on Whitewater West’s Geoff Chutter. Geoff opened Canada’s second waterpark in British Columbia, Canada in 1980. Fast forward 40 years, and Geoff’s business – Whitewater West – is today the world’s largest designer and manufacturer of water parks. H&LA’s David Sangree was honored to contribute a quote for

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

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

H&LA’s Nuresh Maredia had the opportunity to visit Make A Splash DreamWorks Waterpark at the American Dream Mall in East Rutherford, New Jersey this week, taking in all the sights of this sprawling property with more than 40 waterslides and 15 DreamWorks character themed attractions. At 8.5 acres, it will be the largest waterpark in

2020 will be a big year for waterparks as construction is underway on a brand new, 223,000 square foot Kalahari Resort in Round Rock, Texas. The resort will come in at $550 million for construction, sit on 350 acres of land, and will be the largest indoor waterpark resort in the U.S. Check out some renderings of

Congratulations to our client, the city of Little Elm on breaking ground on the new 42,000 square foot The Cove at the Lakefront waterpark. The Cove will feature a double FlowRider indoor wave surfing machine, slides, an activity pool, two lap lanes, a large play structure, and a splash pad. H&LA completed the feasibility analysis

H&LA’s recent research for a project in the Lehigh Valley area of Pennsylvania revealed some exciting new hospitality-related developments happening in the area. These developments will have a major impact on tourism, employment, and the general economy in the Lehigh Valley area in 2020 and beyond. In 2019, Site Selection magazine ranked the Lehigh Valley