{"id":824,"date":"2020-09-07T06:29:28","date_gmt":"2020-09-07T06:29:28","guid":{"rendered":"https:\/\/dzeeusa.com\/blog\/?p=824"},"modified":"2026-01-02T15:56:10","modified_gmt":"2026-01-02T15:56:10","slug":"why-new-hotels-are-opening-this-fall-despite-covid-19-crisis","status":"publish","type":"post","link":"https:\/\/dzeeusa.com\/blog\/why-new-hotels-are-opening-this-fall-despite-covid-19-crisis\/","title":{"rendered":"Why New Hotels Are Opening This Fall Despite COVID-19 Crisis"},"content":{"rendered":"

To say that Covid-19 has hurt the hotel industry, along with\u00a0<\/span>travel<\/span>\u00a0as a whole, is something of an understatement.\u00a0<\/span><\/p>\n

According to\u00a0<\/span>Hotel News Now<\/a><\/strong>,<\/strong> the news division of hotel research company\u00a0<\/span>STR<\/a><\/strong>, the sector has seen a loss of 5 million jobs since February in the United States alone.\u00a0<\/span><\/p>\n

Zachary Sears, a senior economist at Tourism Economics, part of the research firm\u00a0<\/span>Oxford Economics<\/a><\/strong>, says that hotel occupancy in some instances is down 95% versus a year ago. <\/span>“Properties have been forced to close permanently because of the financial loss they’ve taken,” he says.<\/span><\/p><\/blockquote>\n

The\u00a0<\/span>American Lodging and Hotel Industry<\/a><\/strong>\u00a0released\u00a0<\/strong><\/span>a report<\/a><\/strong>\u00a0on August 31 that indicates 65% of hotels remain at or below 50% occupancy. The same report states that consumer travel is at an all-time low and that only 38% of Americans say they are likely to take a leisure vacation by the end of the year. In normal circumstances, 70% of Americans take a vacation in any given year.<\/span><\/p>\n

Despite the bleak scenario and the continuing pandemic, there is a bright spot: from Europe and the United States to Africa, Asia, and Australia, a spate of new hotels from bigger brands as well as smaller owners are set to open this fall and into the winter. <\/span><\/p>\n

“The next several months are a busy time for hotel openings, They show a light at the end of this long tunnel,” says Leo Sorcher, the founder of luxury travel company Inhabit the World.\u00a0<\/span><\/p><\/blockquote>\n

In the United States,\u00a0<\/span>The Inn at the Mission San Juan Capistrano<\/a><\/strong>\u00a0in California will open in September in the heart of downtown near the city’s famous 19th-century church ruins.\u00a0<\/span><\/p>\n

\"\"<\/a><\/p>\n

Also in September, the artists’ enclave and celebrity hideaway of New Hope, Pennsylvania, will see the opening of luxury boutique property\u00a0<\/span>River House at Odette’s<\/a>.\u00a0<\/strong><\/p>\n

Come November, Palm Beach will have\u00a0<\/span>White Elephant<\/a><\/strong>, the second location of Nantucket’s well-known eponymous resort.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

To say that Covid-19 has hurt the hotel industry, along with\u00a0travel\u00a0as a whole, is something of an understatement.\u00a0 According to\u00a0Hotel…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-824","post","type-post","status-publish","format-standard","hentry","category-opinion"],"yoast_head":"\nWhy New Hotels Are Opening This Fall Despite COVID-19 Crisis<\/title>\n<meta name=\"description\" content=\"To overcome the global economic disasters that occurred due to the COVID-19 crisis, owners have considered this time to be right for opening new hotels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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