As vaccinations are being implemented, and domestic tourism is growing, the hotel industry is starting to recover. While this is a welcome sight for everyone in the industry, the reality is that not all hotels will fully recover. In truth, a few of the pandemic’s particularly hard assets were well past their sell-by date by March 2020. Before COVID, many big-box, urban venues were already facing low occupancies and declining RevPAR figures; the following 18 months have just hastened their withdrawal from the market. An overview of workforce housing While the financial aspect of low-cost workforce housing, i.e., rentals ...Read more
