A strong final quarter saw European hotel transactions reach nearly EUR 17 billion last year, according to new data from Cushman & Wakefield.
While uncertainty still lingers from the impact of COVID, a post-pandemic restructuring of travel and work is resulting in a new normal for the lodging industry. Finding Normal
While the impacts of COVID-19 are still unfolding, it’s increasingly clear that food and beverage companies will need to continue to evolve their strategies when it comes to inventory management, real estate decisions, automation, packaging and sustainability among other things.
The first half of 2021 brought more than a year of impact from the COVID-19 pandemic and a roller coaster of hotel activity. The roll-out of vaccinations in the first quarter of 2021 spurred hotel demand at a level beyond forecasters’ expectations.
With little to zero travel happening since the pandemic’s inception, hotels have taken a hit like never before. As countries undertake various phased measures and approaches to recovery readiness, the hotel industry is poising itself for its own path forward.
Investors of sportsplexes count on hotels for successful real-estate venture-going formulae
The idea behind hospitality is perhaps in one way described as a sanctuary for service, comfort, and safety. Americans are, without argument, a breed that yearns for periods of pampering to disrupt a relatively hard-at-work life schedule. And while the world persists to change as fast as it does, with the killer SARS pneumonia outbreak, military action in Iraq, orange to yellow and back to orange terror coding, and a quivering stock market, the overall desire for hospitality and service is becoming ever so paramount to travelers, both leisure and business. Sadly, the hospitality industry is paradoxically the victim of the very events that justify and substantiate its cause. As we have seen with economic cycles over the past few decades, psychologically disturbing events cast a toll on the U.S. and lodging economy (such as the Gulf war in 1991). And—vise versa.