Impact of COVID-19 on the Hospitality Industry and Implication for Operations and Asset Management
Among all real estate asset types, hospitality real estate assets, together with retail, have witnessed the most disruption from the COVID-19 pandemic. As one of the most service-intensive real estate asset types, the risks facing hospitality real estate underscore potential cascading damages to and fragilities of the global physical landscape. This article focuses on the impact of COVID 19 and ongoing adaptation of the hospitality industry, with specific attention to the short- and long-term impacts of COVID-19 on its business operations and asset management strategies. Based on secondary data compilation and from academic and industry reports and content area experts, this article aims to create a reflective and instructive document for industry and students to build their understanding on the changing performance of the lodging sector and adjustments in its practices brought about by the pandemic
Singh, A. J. and Wang, B. (2021) ‘Impact of COVID-19 on the Hospitality Industry and Implication for Operations and Asset Management’, Boston Hospitality Review. Available at: https://www.bu.edu/bhr/files/2021/05/Singh_Impact-of-COVID_BHR-PDF-TEMPLATE-July-2021.docx.pdf.
Boston Hospitality Review