In 2024, about 22.8% of employees, or 35.13 million people work remotely. It’s no surprise that the remote industry is growing in popularity. Remote work...
As more people become aware of the potential environmental impact of travel, sustainable tourism continues to rise in importance and prevalence. Today’s travelers want to...
The real estate market is a constantly evolving landscape of supply and demand. Adaptive reuse is the key to meeting that changing demand by transforming...
Every market in the world is ruled by the law of supply and demand. Prices are set based on the inverse ratio between the two....
Artificial intelligence (AI) is the technology advancement seemingly on the tip of everyone’s tongue across all industries. Yet, hospitality depends heavily on human interaction and...
Big hotel brands are often ideally positioned to capture traffic and improve customer service options. They have larger budgets for marketing, guest support, and more....
Falling behind on property taxes can be a stressful situation. However, there are steps you can take to address the issue and prevent further consequences...
Boutique hotels are a unique lodging option. Unlike many hotel chains, which may have hundreds or even thousands of rooms, boutiques are usually smaller, with...
Guest expectations are constantly evolving in the hospitality industry, and the competition is fierce. In the past, hotel loyalty programs have been a cornerstone of...
The impacts of the COVID-19 pandemic cut across industries and sectors. However, the hotel industry bore the greatest brunt of the pandemic. From travel restrictions...
In the hospitality market, extended-stay hotel construction is booming. Lodgings Econometrics reports that over 1/3 of all hospitality constructions in Q1 of 2024 were extended...
With the summer months approaching, hotels everywhere are looking to accommodate guests properly during the rising temperatures. Food and beverage trends in the hotel industry...
As a hotel owner or manager, your goal is to attract more travelers and improve your occupancy rate. Each year, guests seek new and unique...
In a world where tourism is growing tremendously, establishing sustainable local sourcing in the hospitality industry is no longer an option. The dire repercussions of...
As long as there has been technology, the hospitality industry has evolved along with it, and it’s no different with the latest and most significant...
5 qualities that make for an effective partnership by Suraj Bhakta, CEO of NewGen Advisory Published May 2024 Understanding what you need from your hotel...
The landscape of real estate and property development is continuously evolving, presenting new opportunities for investors and property owners. One such innovative approach is hotel...
In the complex world of hospitality, hotel insurance stands as a crucial but often burdensome expense. With a variety of risks ranging from natural disasters...
In the competitive realm of hospitality, hoteliers are in a perpetual quest for strategies that boost occupancy and revenue. A frequently adopted tactic involves decreasing...
Phoenix (March 21, 2024) – NewGen Advisory is thrilled to announce that eight of its distinguished agents have been recognized in the annual Platinum Broker...
In the face of an ever-evolving economic landscape, hoteliers across the globe are confronting one of the industry’s most persistent challenges: rising operational costs. These...
The hospitality industry has seen a transformative shift in the role of food and beverage (F&B) services, evolving from a secondary amenity to a primary...
The decision to enter the hotel industry through franchising opens a world of opportunities, yet it’s accompanied by an array of financial commitments that demand...
The hospitality industry is witnessing a significant shift with the rising popularity of independent and boutique hotels. These establishments offer a unique blend of personalized...