COVID-19

David J. Sangree, MAI, CPA, ISHC and Chris Ballou, CHIA attended the 2021 IAAPA Expo in Orlando. David conducted a session on the effects of COVID 19 on the waterpark industry in 2020 and growth projections for 2021 and beyond. Some key takeaways from the session include: Confidence is high that attendance will return to

Latest from CoStar News/Hotel News Now on the expected pandemic-related discounts for hotel sales the pandemic that never really materialized. Published by: Dana Miller/Hotel News Now Published date: October 2021 The level of distressed pricing that hotel investors expected to see during the pandemic hasn’t materialized, and hoteliers now must update their expectations. Jim Chu,

Great article from Cleveland.com’s Susan Glaser, with a quote from H&LA’s David Sangree, about whether governments should be in the hotel business, especially given the recent economic hardships resulting from the pandemic. Published by: Susan Glaser/Cleveland.com Published date: March 2021 Recent financial trouble involving the Hilton Cleveland Downtown Hotel raises a number of questions, none

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. This Hotel News Now article discusses how developers have been impacted from construction financing drying up and new projects halting for

Hotel News Now is reporting on a new trend analysis report that shows the U.S. hotel industry spent billions less on capital expenditures this year compared to previous years because of the pandemic. Published by: Bryan Wroten/Hotel News Now Published date: December 2020 Hoteliers significantly pulled back from capital-expenditure spending in 2020 because of the

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. CNBC is reporting sentiment from some top executives on when business travel will rebound with some saying it won’t likely return

David Sangree recently sat down for an interview with Fox 8 News to discuss the on-going uncertainty for hotels in Cleveland due to the pandemic. David gives his insight into when things may start to recover for the entire industry in the event a vaccine or effective treatment for COVID-19 is developed. Published by: Maia

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. Hotel News Now is reporting that while the U.S. hotel industry at large can recover and thrive following a recession, that

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. Recent CBRE projections indicate that the U.S. hotel industry is poised to begin a multiyear recovery in the third quarter. Published

COVID-19 Impact on U.S. Waterparks and Waterpark Resorts

The current COVID-19 crisis continues to have a significant negative effect on the waterpark industry. Waterparks play a major role in providing entertainment, supporting job creation, fostering small business opportunities, and contributing to robust economic growth. Due to COVID-19, many outdoor waterparks delayed their season openings while others have decided, or were mandated, not to

As H&LA keeps abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, we are sharing insights from industry experts and stakeholders with our clients and partners. The following article from CNN News discusses how 25% of hotel owners are struggling to pay their mortgages amid reduced travel.

In continued fallout from the COVID-19 pandemic, The Real Deal is reporting some hotels selling at deep discounts. As federal aid dries up, some hotels are also agreeing to costly financing options. Published by: The Real Deal/Staff Published date: July 2020 Cash-strapped hotel owners are selling properties at discounts and agreeing to sky-high interest rates with federal

As COVID-19 continues to hammer the hospitality industry, hotel F&B outlets are also continuing to adapt. This latest Hotel News Now article, which includes insights form H&LA’s David Sangree, reports that Food-and-beverage outlets have changed their layouts, enacted new protocols and scaled back the once-popular communal dining trend. Published by: Laura Koss-Feder/Hotel News Now Published

Analysts from STR and Tourism Economics offer insights into the firms’ updated forecast, which predicts a roughly two-year recovery for the U.S. hotel industry. Published by: Emmy Hise and Aran Ryan/Hotel News Now Published date: June 2020 BROOMFIELD, Colorado, and PHILADELPHIA—Forecasting U.S. hotel performance is a moving target due to unknown variables such as government regulations

As many waterparks and aquatic facilities begin to reopen in the wake of the COVID-19 pandemic, the World Waterpark Association has offered some helpful considerations for operators that will help ensure safety among guests. The information provided in these considerations is designed to help operators develop reopening action plans that meet the needs of their