New survey: Without federal support, hotels face a grim future

A new survey released June 24 by the American Hotel & Lodging Association found that just 18 percent of respondents had taken an overnight trip since March, a good indicator of how the COVID-19 pandemic has devastated the hospitality industry.

The survey of 2,200 adults, conducted by Morning Consult from June 16 through 19, also asked respondents whether they planned to take at least one vacation or overnight trip not related to business during the rest of 2020. The results? Not many Americans are planning pleasure trips this year...

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RSK: This obviously is not a good situation for many who have invested in the hotel sector....hopefully you are a limited partner. The hospitality industry is taking it on the chin!

Ken Notes:Wow what a turn on events, just months ago hotels were the sure bet in development.



- - Volume: 8 - WEEK: 27 Date: 6/30/2020 7:40:59 AM -