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Hotels Prep for Changes in Post-Pandemic Recovery

Even with more intensive cleaning, the less-contact approach to combating the virus may lower hotel costs, the executives said, especially if front desk staff is reduced in favor of cell phone check-in procedures.

The COVID-19 pandemic should provide some future expansion opportunities in the hotel and resorts space, but investors will need to see a vaccine or strong therapeutics in place before they regain confidence, a key hotel executive recently said.

James Risoleo, chief executive officer and director of Host Hotels & Resorts, said on CBRE’s The Weekly Take podcast that he expects to see “meaningfully more” opportunities than those that emerged after the Great Recession “just because of the severity of the decline and the timeframe of the decline. I don’t think a lot of people are going to be able to survive.”

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Cheryl Miller

Cheryl Miller

Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at [email protected]. On Twitter: @CapitalAccounts

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