Of Counsel Mark Neuberger was quoted in the Daily Business Review article, “Cheers! South Florida Lawyers Predict That Night Life Will Revive Hospitality Sector,” about the revival of South Florida’s hospitality industry post-pandemic.
While the pandemic has wreaked havoc on the region’s hospitality industry, many believe it will revive but there likely be an increase in litigation related to restrictions imposed to try to control COVID-19.
Neuberger said he is expecting to see a lot of litigation in areas such as claims by restaurants and bars under their business interruption insurance policies, and mortgage and commercial foreclosures on hospitality businesses.
But, Neuberger said financial foreclosures could be avoided depending upon the level of financial aid Congress may allocate to struggling businesses in the upcoming weeks and months.
In the meantime, Neuberger said there is light at the end of the tunnel. “There’s a lot of pent-up demand for vacation and leisure travel as people have been locked up in their houses, coming up on a year,” Neuberger said. “If people see the vaccine is safe and can be done, that should be good for the industry come summertime.”