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What could save the hotel industry amid the pandemic — a hub for work and play

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Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation.

U.S. hotels are losing $400 million a day in room revenue, adding up to over $46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever anticipated.

We’re witnessing what I call a “great rethinking” of everything, a mini-revolution of sorts in hotel management, as it is now painfully clear that running a hotel — a big, expensive box full of space and full of staff — can’t rely on a single driver of demand: The traveler staying the night.

Offices are dead

The transformation orbits around the usage of space and…



Source marketwatch.com

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