How a Reopening Economy is Impacting Investment Opportunities in Hospitality

Hospitality, by far, was hit the hardest by the pandemic. Occupancy rates and RevPar (revenue per available room) dropped to record lows as almost everyone stayed home for more than a year. However, with the world opening back up, we’re seeing a huge rebound in this space. In our June 2021 livestream, Chief Investment Officer Ian Formigle broke down how the hospitality space is reacting to the faster-than-anticipated recovery. With travel rebounding quickly, the pricing discounts available to inventors in 2020 are rapidly disappearing, but we suspect that we’ll see a recovery on par with 2019 levels as soon as 2023.

Learn more about our outlook for hospitality real estate in our CRE Market Outlook.