Boston Convention and Visitors Bureau President and CEO Martha Sheridan, Ritz-Carlton General Manager Bill Bunce and Ryan Enright, a managing director at JLL discuss what this moment means for the hospitality sector in a conversation moderated by Banker & Tradesman’s commercial real estate editor, Steve Adams.
Officials at Logan International Airport are expecting a “dramatic increase” in flights over the next two months.
Bay State hotels now have the green light to reopen after more than two months under shutdown order, but the drastic hit to owners’ and management companies’ balance sheets will linger throughout 2020.
Only two-thirds of travelers surveyed said they would return to Cape Cod this summer, when local officials hope much of the popular tourist destination’s hospitality sector is up and running in some form after pandemic-driven shutdowns.
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.
Hotels throughout New England are normally preparing for their peak season this time of year. Unfortunately, 2020 has been anything but normal.
Today, all metrics for hospitality have been turned upside-down. In the era of COVID-19, size still matters but now it is the smaller that is better.
During this time of uncertainty, what we can focus on is how to make hotels safer and healthier in a post-COVID world.
A growing coalition of tourism officials is seeking to create a new dedicated source of revenues, and the power to spend them on ad campaigns and promotions.
Disruption to U.S. commercial real estate markets from the coronavirus outbreak will hit the hotel and retail industries hardest initially and cause supply chain disruptions that could affect the tech sector.
