How Are Hotels Adapting and Innovating During COVID-19?

Company Debt | February 9, 2021

Covid-19 has hit businesses of just about every shape and size hard, but few have felt the effects quite as strongly as those in the hospitality industry. Bars, restaurants and hotels in many parts of the world have been forced to close as restrictions to limit the spread of the Coronavirus have taken hold. Before the pandemic slammed the breaks on international and domestic travel, the global hotel trade was looking rosy. The corporate travel industry alone was forecast to grow into a $1.7 trillion industry by 2023. But rather than enjoying what was predicted to be one of the biggest growth spurts hoteliers have ever seen, they have been...