Tag: economy
Checking In: Chris Guimbellot Returns to Hospitality International to Lead Amid Turbulent Times
Chris Guimbellot started his career with Hospitality International and rejoined the company in 2020 as president and CEO. Guimbellot’s interest in hospitality goes back...
CBRE Adjusts U.S. Forecast in Light of COVID-19 Surge and Vaccine News
DALLAS — The recent surge in COVID-19 infections has dampened expectations for U.S. hotel performance through the first half of 2021, but news of...
Recovery Patterns From Historical Recessions
Since the start of the COVID-19 pandemic, CBRE has analyzed the operating performance of U.S. hotels during historical economic recessions to estimate the level...
Microtel by Wyndham Debuts Moda Prototype
PARSIPPANY, N.J. — Wyndham Hotels & Resorts today announced the opening of the 63-room Microtel by Wyndham in George, Wash.—the first hotel in the...
Legislators Urge Treasury and Fed to Step In as Hotels Face Foreclosures
The COVID-19 pandemic forced hotels nationwide to shut down for weeks or operate at record-low occupancies with reduced staff. With revenues significantly reduced, many...