Sad Times at Landmark Hotels

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This time of year is usually when America’s luxury hotels are starting to prepare for busy holiday parties and New Year’s Eve festivities. Unfortunately, most of these luxury hotels have lost well over half their business and told most of their staff that they are not needed.

Questions:

  1. According to the article, the hotel industry was the first to be hit by the economic fallout of the pandemic. How long is it projected before it recovers?  
  2. According to the article, what distinguishes these landmark hotels from the competition and why will it be hard to recover that?
  3. What are some of the occupancy numbers mentioned for these landmark hotels and how have they changed?
  4. What landmark hotels have closed for good or are closing for good?

Source:

O’Connell, J. (2020) America’s luxury hotels on the brink. The Washington Post, Oct. 30 (Retrievable online https://www.washingtonpost.com/road-to-recovery/2020/10/30/luxury-hotels-in-trouble/)