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NYU CEO panel: Leadership, recovery and the future of hotels

The litany of statistics cited by Jonathan Tisch to kick off a New York University-sponsored panel discussion among hotel CEOs was a grim reminder of the devastation COVID-19 has wreaked: seven in 10 hotel rooms empty; 70% of hotel employees furloughed or laid off; US$500 million in room revenue lost per day; US$510 billion in total hotel revenue losses by yearend. The situation is humbling – a word used by many of the hotel CEOs who joined a virtual check-in and placeholder for NYU's International Hospitality Investment conference, which has been rescheduled for November. The university's Tisch School of Professional…
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