The hotel industry, despite being hard-hit by the pandemic, has not seen as many Chapter 11 bankruptcy filings as you might have expected. Most of the cases have been smaller, often filed by franchisee-owners. Larger companies have mostly been able to avoid a trip to bankruptcy court. Currently, cases appear to be declining, possibly in anticipation of a surge in pent-up travel demand. But while expectations of a glorious summer may be keeping hotel bankruptcy filings low for now, the more distant future might not be so bright.
Foreboding Delinquencies
Pandemic-related closures and travel restrictions have battered the hospitality sector ...