Hotel Industry Expecting a Slow Recovery

As America gets back to travel, demand for hotel stays has been improving – but it’s a slow rise. With occupancy rates still well below average and thousands of workers who were laid off or furloughed during the pandemic, reopening hotels in a post-COVID-19 world poses unique challenges. Hotels will have to reduce capacity because of social distancing and less capacity means fewer jobs. New policies for social distancing and sanitizing are expected to change the experience of staying at a hotel for the foreseeable future.  An August 13, 2020, Costar News article: Slow Hotel Demand Drags Industry Recovery Estimates Into 2024 discusses the small gains and challenges facing the hotel industry.