pandemic effect
How to Launch a Hospitality Business in an Economic Downturn
EHL Hospitality Insights | September 23, 2020
Financial turmoil: A perfect opportunity for start-ups If you’ve been toying with the idea of starting a hospitality business, but have been put off by the economic downturn as a result of the ongoing COVID-19 pandemic, fret not. There’s hope. In fact, despite the global uncertainty and the unstable financial and political climate, now might actually be one of the best times to launch your business. Here’s why: Volatile markets create chaos and give rise to new problems. This means consumers are looking for new and innovative solutions, which presents the ideal opportunity for start-ups aiming to make a name for themselves. Co...
The U.S. Hotel Construction Pipeline Remains Robust Through the First Half of 2020, Despite Pandemic.*
Lodging Econometrics | July 27, 2020
July 27, 2020 – PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that at the close of the second quarter of 2020, the total U.S. hotel construction pipeline stands at 5,582 projects/687,801 rooms, down a mere 1% by projects and rooms, Year-Over-Year (YOY). Remarkably, despite some project cancelations, postponements, and delays, there has been minimal impact on the U.S. construction pipeline. Contrary to what is being experienced with hotel operations, the pipeline remains robust as interest rates are at all-time lows. Projects currently under construction stand at 1,771 projects/235,467 rooms, up 3% and 1% respectively, Y...
