image credit: Unsplash

Hotel Ramp-Up After Lockdown Closures Dependent on Market

September 8, 2021

Many hotels closed their doors temporarily at the start of 2020’s COVID-19 lockdowns, and data shows that how hotels recovered after reopening their doors depended heavily on location.

Ramp up is the time it takes for a hotel, either a new-build hotel or one closed for a significant length of time, such as during COVID-19 lockdowns, to achieve performance similar to others in its market or competitive set, or its own prior performance.

Read More on Hospitality Net