For the last decade, the emergence of new innovations and disruptions within the hotel industry are changing consumer preferences. In tandem, hoteliers have started adopting...
Customer loyalty is one of the most important aspects of a successful business. For large brands, this is especially true as customers may choose to...
The hotel industry has had some extraordinary changes in 2022 while recovering from the financial wreck of the 2020-2021 lockdowns. As we move forward, travelers...
2022 brought a mix of successes and challenges for the hotel industry. Travelers were eager to return to exploring after COVID lockdowns, and global hotel...
Inflation is having a substantial impact on the hotel industry, particularly as it is related to the US hotel rate landscape. Prices of services and...
Buying a hotel is not like buying empty office space. You are purchasing a living, ideally thriving, property with an existing business model, clientele, and...
Investing in a hotel can be a rewarding and profitable way to step into the business world of hospitality. The profitability of your hotel depends...
The pressure for sustainability is growing now more than ever as travelers are more willing to stay in a sustainable hotel. Sustainability is increasingly being recognized...
Every choice we make has an environmental impact, good or bad. The choices businesses make, multiply their environmental impact a thousand-fold as sustainable travel became...
WHAT CAN YOUR HOTEL EXPECT FOR 2022 HOLIDAY TRAVEL? The world is still trying to recover from the impact of COVID-19 pandemic. It was felt in...
Business-driven management structure for long/extended-term hotels The hotel industry took a massive blow during the COVID-19 pandemic, but the past two years have offered huge...
Big brands within the hotel industry are focusing more on offering the boutique lifestyle that offers customers unique settings and experiences. A report by TripAdvisor...
100% bonus depreciation will begin to phase out after December 31, 2022 and will phase out by 2027. The current law, passed under the Tax...
Hotel technology is a constantly evolving project for any venue. The effort to continue dazzling your guests with cutting-edge luxury never ends, and we wouldn’t...
The hotel industry is constantly pushing for innovative technology due to the ever-changing expectations of the modern traveler. 2022 has been a big year for hotel technology...
virtual reality tours and hotel bookings Virtual reality is no longer a teenager knocking about the living room, dreaming of becoming the next elite tennis...
You cannot overstate the importance of having and implementing the right marketing trends and strategies for your hotel. Critical factors like building brand awareness, optimizing...
Phoenix (May 24, 2022) – Dinesh “Dan” Rama and Kishan Gohel of NewGen Advisory proudly announce the sale of the Days Inn by Wyndham hotel...
Travel this summer should include consideration for responsible tourism. Modern travelers are seeking to know the impact of their travel plans on the world around...
It’s time for hotel owners and managers to prepare for the upcoming summer season. Expedia Group CEO, Peter Kern, tells Bloomberg that “summer 2022 will...
The modern young business person likes to travel. They consider themselves a digital nomad – or someone who could be – and they like the...
1031 exchange is not a mere tax bypass strategy. It’s a useful wealth creation principle. This exchange is popularly used by real estate investment moguls...
The cost of labor has been steadily on the rise. How will this affect the hotel market going forward? The rising cost of labor has...
Hotel brokerage kicks off partnership with $5K donation PHOENIX (January 12, 2022) – NewGen Advisory, a boutique brokerage firm specializing in exclusively hospitality assets, has...