Stress Test Before You Invest: Hotel Demand | By Susan Barry

The pandemic has created challenges for hotel owners like none they have ever seen. STR reports that U.S. hotel profits fell almost 85% in 2020, making it the worst year on record for the industry. As you may have seen in an inspirational Instagram quote (or 17), every challenge brings new opportunities, and there are […]

How The Public’s Comfort With Travel Will Affect The Recovery

While concerns over COVID-19 and resulting global travel restrictions significantly reduced trips taken in the past year, travel industry professionals say the future is brighter than it may seem. As vaccination efforts continue, they say the pandemic will have some lasting effects on how and where people will travel, but overall, the travel industry itself […]

From Room Service To Rehab, Distressed Assets Are Finding New Life

The skilled nursing and hotel industries, while improving, have faced pandemic-fueled challenges over the past year that resulted in empty rooms. But real estate owners selling some of the underperforming properties and streamlining their portfolios are finding plenty of buyers, with an increasing number converting distressed assets into new uses that are in high demand, […]

UKH Cymru urges Welsh gov to ‘bring forward’ indoor reopening

UKHospitality Cymru (UKHC) is calling for the Welsh government to “bring forward” the date for the reopening of indoor hospitality in the country. The trade association is calling for the reopening of Wales’ hospitality sector to at least align with England and Scotland’s commitment to opening doors on 17 May. Wales’ first minister Mark Drakeford […]

Cycas Hospitality signs three European hotel deals in Q1

Cycas Hospitality has revealed it has continued its European expansion plans, following the signing of three hotel management agreements across the UK and Belgium so far this year. The first property deal is with Eastern & Oriental (E&O) to manage the E&O Group’s inaugural European serviced apartment property; a 54-room luxury property in the heart […]