Bloomberg Law
May 28, 2021, 5:39 PM

ANALYSIS: Summer Surge May Not Stave Off Storm of Bankruptcies

Jeffrey P. Fuller
Jeffrey P. Fuller
Legal Analyst

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 ...

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