Hopeful Hoteliers: 35 Exciting New Hotel Openings Around The World For Fall 2020
As fall approaches, there is a sliver of good news in the travel industry as many hotels continue their plans to open across the country and around the world. While it may seem like an inopportune time, costs to slow or stop construction altogether can be greater than those of moving forward (even if hotels operate at limited capacity).
Many hotels opening now began work more than a year ago, and they were close to opening when Covid-19 hit. In addition to supporting local jobs, it can make sense for them to open now in hopes they can attract some business.
According to a recent recovery insight study by Mastercard, smaller, independent hotels are recovering faster than larger properties. Its data, based on anonymized and aggregated sales activity across its sales network, show that the global recovery rate of small independent hotels is outpacing that of larger hotels by over 50 percent with a similar, yet smaller upward trajectory, taking place domestically. It also notes a growing trend in regional travel with people traveling to destinations closer to home.
