The hospitality industry is exhibiting encouraging signs of growth after the disastrous years of the pandemic, which slashed travel and hotel bookings. But while its very success is creating new problems, like a shortage of air-traffic controllers and hospitality workers, the industry continues to face a complicated lending environment as well as rising costs.
Marcus & Millichap's midyear 2023 national report on the hospitality industry depicts a sector still trying to regain its footing amid uncertainties over the direction of interest rates, higher wage rates, hesitant lenders, and lower deal flow.
Despite these challenges, the company sees opportunities for investors.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
