
Rising Tides Forecast for Cape Hotel Market
It appears that the demise of the Cape Cod hotel industry due to the pandemic has been greatly exaggerated. If anything, many industry figures say the Cape lodging sector is emerging stronger than ever.
It appears that the demise of the Cape Cod hotel industry due to the pandemic has been greatly exaggerated. If anything, many industry figures say the Cape lodging sector is emerging stronger than ever.
Cape Cod leaders have observed encouraging signs of revival underway in the hospitality sector as the gradual economic reopening process continues, though they noted during a Thursday conference call that nearly half of businesses surveyed still expect to earn less revenue than last year.
As a result of the coronavirus crisis, the Cape hospitality industry is now looking at possibly the greatest year-over-year plunge in business in recent memory, as state social-distancing restrictions put a damper on business.