Due to the coronavirus pandemic, hotel owners and employees are nervous about the future of hotels. Many owners are convinced that this fiscal year is going to be a complete wash. Hitting breakeven is the new goal (if they can even manage it).
To make matters worse, no one is sure how bad this will be for the hotel industry in the long term. Yes, some hotels and motels will always exist because people need a place to stay. But others cater to guests who are visiting resorts and other attractions.
After the end of the pandemic, we may see a long-term change in how people interact at events, in large crowds, and with other groups. The Internet is such a powerful tool that we may see more virtual entertainment come out of this. Possibly, only smaller groups will be allowed to congregate, even in resort towns.
Even if the law allows, things may never go back to “normal” if general attitudes change. This could be truly ruinous for the resort hotel industry as about 95–99 percent of their business would be permanently gone.
Just like every situation involving the pandemic, we can only do our best as we wait to see what will happen. The world may not change that much in the long term. But it’s impossible to predict at this point, and the uncertainty can be frightening.