I’ve Had it with Stupid Stuff about Hotels in San Francisco: Park Hotels & Wall Street Screwed Shareholders, Bond-Fund Holders, and Pension Funds, but Blame San Francisco? by Wolf Richter • Jun 12, 2023 • 127 Comments The clueless WSJ reporter needs to be taken to the woodshed. That kind of BS article doesn’t belong in the WSJ.
Business Travel, Conventions, Office Occupancy Stuck in Collapse: Been so Long, People Forgot What Old Normal Was by Wolf Richter • Sep 15, 2021 • 82 Comments Hotel business travel revenues expected to be down by 80% at top 20 destinations in 2021.
How my Friend’s Small Hostel in Barcelona Survived by Nick Corbishley • May 26, 2021 • 69 Comments “It’s impossible to know how many of these shuttered hotels and hostel will reopen.”
“Keeping a Business Alive that’s Generating No Revenues is an Uphill Struggle”: Friend and Hostel Owner in Barcelona. An Industry Collapses by Nick Corbishley • Jan 9, 2021 • 168 Comments Bankruptcies, glut of hotels for sale, few buyers, prices plunge. Nobu, de Niro, and Teper take big loss on sale of luxury hotel Nobu Barcelona that was open for only six months.
As Short-Term Renters & Immigration Fizzle, and People Move Out to “Work from Somewhere Else,” London Apartment Vacancies Soar, Rents Drop by Nick Corbishley • Dec 17, 2020 • 57 Comments “Unprecedented space across the West End”: REIT Shaftesbury PLC grapples with a new reality.
The State of American Restaurants, by City, November Update by Wolf Richter • Nov 2, 2020 • 178 Comments “Seated diners” get scarcer again as new Covid cases surge.
Worst Recovery Ever: To Soothe Investor Pain, Government Agency TSA Hypes Airline Stocks in Chilling PR Stunt by Wolf Richter • Oct 19, 2020 • 147 Comments What the TSA said in its PR stunt and what it forgot to say.
Two San Francisco Hiltons Add to Woes of Commercial Mortgage-Backed Securities. Special Servicing Rate of Hotel CMBS Spiked to 26% by Wolf Richter • Oct 12, 2020 • 84 Comments Four of the six hotels that REIT Park Hotels & Resorts owns in San Francisco are closed, with convention & business travel at near-zero.
Going to Be Tough for Airlines, Full Recovery Moved to 2024: IATA by Wolf Richter • Jul 29, 2020 • 52 Comments International air passenger volume still down 96.8%.
A Midsummer Nightmare for Tourism: UK, Other Countries Impose Quarantine Requirements on Returnees from Spain as Virus Cases Surge by Nick Corbishley • Jul 28, 2020 • 51 Comments Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
