Almost 25% Of Hotels Are Over 30 Days Late On Their Debt Service Payments

By Jay Wittner August 19, 2020

Data from Trepp analysts indicates that almost a quarter of hotels are at least 30 days late on their mortgage payments.  The hotel industry is among the hardest hit by pandemic effects. The percentage of delinquent hotel payments is almost 20 times higher than pre-pandemic levels. In the US, about 1 in 25 jobs is hotel related. Millions of jobs have been lost in this sector.