(This is the last of three articles examining how the pandemic is affecting the hospitality industry. Read the first and second.) Even the most basic financial strategist knows that there are two ways to improve a company’s bottom line — cut costs or drive revenues. In a time of Depression-like ... READ MORE >
hotels
Hotels face a long road to recovery emerging from the pandemic
(This is the second of three articles examining how the pandemic is affecting the hospitality industry. Read the first here, about how the industry is struggling to adapt.) Even as the American economy continues to emerge from the shock of the coronavirus pandemic and economists predict strong growth ... READ MORE >
Hotel occupancy data: It’s only half the story
Hotel occupancy is typically measured by the consistent supply of rooms, and on the surface recent numbers have been looking favorable. Occupancy was up to 49.9% in the week ended Aug. 8, up from 48.9% a week earlier, and 45.9% a month earlier. But given that the pandemic has forced closures of ... READ MORE >
Can hotels become hospitals? Thinking creatively about how to put empty space to work
Hotel companies in the United States are imploring Washington for relief amid the escalating cancellations because of the coronavirus pandemic. Industry leaders face seemingly impossible decisions as revenues have all but disappeared while significant fixed expenses remain. Chief executives from the ... READ MORE >
Hospitality industry braces for the worst as coronavirus spreads
As the human and economic toll of the coronavirus continues to mount, the hospitality industry is bracing for the worst. On Jan. 30, the World Health Organization cautioned against non-essential travel to China after declaring the outbreak a public health emergency. Major airlines quickly responded, as ... READ MORE >