hotel and leisure advisors
David J. Sangree | April 26, 2021
By David J. Sangree The COVID-19 crisis was the definitive event of 2020. The lodging and attractions industries were among the most negatively impacted sectors and experienced record declines in occupancy, attendance, and revenue. With mandated closures, limited capacities, and travel restrictions, many outdoor waterparks delayed their season openings while others decided, or were mandated, not to open at all in 2020. Many resorts with both indoor and outdoor waterparks and standalone indoor waterparks were forced to close for several months. Current projections for the vaccine rollout indicate a return to normalcy no earlier th...
Heidi Banak | December 3, 2020
By Heidi Banak Back when we were all naïve enough to think that 2020’s biggest headache would be a seemingly endless year of political campaign ads, hotels and resorts in the U.S. were poised to enjoy the fruits of a robust economy. But the onset of the COVID-19 pandemic threw the industry into chaos, forcing hotels and resorts to not only rethink their strategies for the year, but in many cases to completely overhaul their operations. As H&LA’s consultants have continued to work on many assignments in 2020, we have had the opportunity to see firsthand some of the new trends in response to the pandemic, and we have compiled our...
David J. Sangree, MAI, CPA, ISHC | March 9, 2016
by David J. Sangree, MAI, CPA, ISHC The waterpark industry continues to expand in North America, with more than $500 million of new investment in indoor and outdoor waterparks and their related resorts in 2015. Total waterpark related development spending is expected to grow in 2016 with a number of new facilities opening and many expansions of the existing waterparks. Two major new indoor waterpark resorts opened in the Poconos in Pennsylvania in 2015 and three large indoor waterpark resorts are projected to open in California, Colorado and Quebec in 2016, including two Great Wolf Lodge properties. In 2015, 17 municipal waterparks and ...
Nuresh Maredia | July 30, 2015
By Nuresh Maredia The Texas economy had a bumpy start in 2015 due to a sharp drop in global oil prices in late 2014, which resulted in thousands of lost jobs. However, the continued growth of the Dallas-Fort Worth market's broad and diversified economy is one reason Texas managed to stave off a downturn despite those oil-related job losses. A diversified and growing economy, robust convention market, growing tourism and increasing population have all contributed to the success of the Dallas-Fort Worth hotel market. The hotel market occupancy increased from 52.8% in 2009 to 67% in 2014 and is projected to grow for the foreseeable future....
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