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CRE Loan Delinquencies Continue Steady Decline, But Winter Uncertainties Subdue The Celebration

... recent commentary.  Malls nationwide have been experiencing a steady recovery in foot traffic since the start of 2021, Placer ... , and they're selling massive multipack franchising deals," Reveille Hospitality CEO Marco Roca Sr. said. "Before the pandemic, ...

Oct 11, 2021
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'Decelerating': Economists React To The August Jobs Report On Twitter
News

'Decelerating': Economists React To The August Jobs Report On Twitter

... jobs in August, and leisure and hospitality added 174,000 jobs. The leisure and hospitality sector is still down 4.1 ... is clear that white workers continue to have a swifter recovery. pic.twitter.com/JFMW6pi3et — Economic Policy Institute (@EconomicPolicy) ...

Sep 04, 2020
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New Hotels, An Influx Of Residents And A Construction Boom: Inside Downtown LA’s Rebound
News

New Hotels, An Influx Of Residents And A Construction Boom: Inside Downtown LA’s Rebound

... and retail to multifamily and hospitality. Coming out of the pandemic, with sights set on recovery and revitalization, the DCBID ... rates and nearly 4,000 units under construction.  The hospitality industry is rebounding as well, with DTLA hotels reporting ...

Mar 04, 2022
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'We've Flattened The Wrong Curve': Economists React To September Jobs Report On Twitter
News

'Dead Possum Stuck In The Wall': Economists React To September Jobs Report On Twitter

... and unwilling to do much in person. Leisure and hospitality is missing almost one fourth the jobs it had in ... industries are surprisingly close to recovery (I'd put retail trade in the "surprising" camp. Leisure and hospitality still clobbered. pic.twitter ...

Oct 02, 2020
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As DNC Approaches, Chicago Preps For A Tourism Close-Up. Will Crime, Migrant Crisis Mar The Picture?
News

Chicago Is Ready For Its DNC Close-Up As Tourism Booms. Crime And Migrant Crisis Could Mar The Picture

... , a 4% jump over last year and a 92% recovery share compared to 2019. The bombshell summer continued an already ... made the summer anything but cruel at Soldier Field.  First Hospitality Vice President of Commercial Strategy Jenna Fishel said Chicago tourism ...

Oct 08, 2023
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CRE Bankers Are Optimistic About The Future
News

CRE Bankers Are Optimistic About The Future

... logistic networks build out scale and efficiencies."  Hospitality Is Coming Back  Hospitality was among the hardest-hit asset classes ... leisure travel is generally driving the recovery to date, and Truist’s hospitality clients have even begun to increase ...

Jun 11, 2021
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'Mindboggling': Economists React To December Jobs Report On Twitter
News

'Mindboggling': Economists React To December Jobs Report On Twitter

... . Despite its continued upward trend, employment in the leisure and hospitality sector is still down 1.2 million jobs — or 7 ... year for job gains since the late 1970s)This jobs recovery has been incredibly fast (chart via @calculatedrisk) pic.twitter.com ...

Jan 07, 2022
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hotel room
News

Investors Hot For Hotels, Even Though The Hoped-For Discounts Didn't Materialize

... with 2019. Even the delta variant didn't derail valuation recovery this year very much, sources note.  "The delta ... There has been a tremendous amount of stimulus money," Ridgemont Hospitality President Dhruv Patel said. "That's kept asset valuation propped ...

Dec 14, 2021
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Cambria Hotel Lobby in New York
News

‘The Hump Of Darkness’ Has Passed, But NYC's Hotels Are Particularly Far From The Light

... Q4 is when the recovery really starts to pick up,” HVS Director Chris Fernandes told Bisnow’s Hospitality Hotline webinar last ... week. “In terms of longer-term recovery, we are eyeing a return ...

Feb 22, 2021
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Reschke Secures Refinance For Downtown Hotel, Which Now Has Time To Recover
News

Reschke Secures Refinance For Downtown Hotel, Which Now Has Time To Recover

... may be required before the pandemic is eradicated and the hospitality industry fully recovers,” he said in a statement. “However ... wide dissemination of two vaccines, the hospitality market will begin a more rapid recovery by this summer and achieve near full ...

Feb 11, 2021
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