Tag: recession
Wyndham CEO Highlights Past Success During Downturns Amid Economic Uncertainty
In recent months, economic uncertainty has impacted various businesses, including the hospitality industry. With tariffs specifically raising concerns, fears of a potential recession continue...
Supporting Revenue Health: Hotel Spas Were Valuable Contributors During the Recession
As of year-end 2022, the average hotel in CBRE’s Trends in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by...
21 Out of 25 Top U.S. Markets Remain in Depression or Recession
Despite an uptick in leisure travel, a new report released by the American Hotel & Lodging Association (AHLA) shows that the road to recovery...
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...
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...