jenny lee
Hotels at Secondary and Tertiary Airports Will Suffer Longer
Jenny Lee | May 13, 2020
By Jenny Lee The coronavirus pandemic’s impact on travel is thought to be six or seven times greater than the 9/11 attacks, according to the U.S. Travel Association. Air travel volume fell precipitously through March. The estimated revenue losses by air carriers in 2020 is at least $252 billion. In late March, domestic carriers received a $60 billion bail-out, with some strings attached. The Department of Transportation issued an order that carriers receiving financial assistance under the Coronavirus Aid, Recovery, and Economic Security Act (the CARES Act) are required to maintain minimum air service to all destinations served as o...
For Los Angeles Hotels, 2016 Will Be Hard to Top, Part II
Jenny Lee | August 17, 2016
By Jenny Lee Two unusual events have occurred recently that have had a short term impact on the LA hotel market: the Porter Ranch Gas Leak and the new Harry Potter World at Universal Studios. The article focusing on the effect of the Porter Ranch Gas leak was released in July. This article will focus on the new Harry Potter World at Universal Studios, the next boon to Valley hoteliers. As mentioned in last month's article, these events are of the same magnitude as hosting a Democratic or Republican national convention, and should be taken into account when using 2016 YTD data in forecasts, particularly for the San Fernando Valley and ad...
For Los Angeles Hotels, 2016 Will Be Hard to Top
Jenny Lee | July 6, 2016
By Jenny Lee Two unusual events have occurred recently that have had a positive impact on the LA hotel industry: the Porter Ranch Gas Leak and the new Harry Potter world at Universal Studios. These events are of the same magnitude as hosting a Democratic or Republican national convention, and should be taken into account when using 2016 data in forecasts, particularly for the San Fernando and adjacent communities. The discussion of the Porter Ranch effect is the first of a two-part article and next month we will release new research to discuss the Harry Potter effect. The Porter Ranch Gas Leak A gas well leak at the Aliso Canyon Storage...
