Are Pre-Booking VR Tours Right For Your Hotel?
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 player. What many once considered a game, has developed into a useful market strategy that can increase your hotel bookings. By tapping into pre-booking VR tours, your clients get a […]
Hotel marketing tips to boost your 2022 bookings
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 the bookings generated, and managing the hotel’s reputation are essential for increasing traffic and rates to the hotel. However, to meet the ever-changing demands of the hotel market, management must regularly […]
Arizona Hotel to Homeless Housing Project
Phoenix (May 24, 2022) – Dinesh “Dan” Rama and Kishan Gohel of NewGen Advisory proudly announce the sale of the Days Inn by Wyndham hotel in Phoenix, Arizona. Located within a heavily populated area near Downtown Phoenix and Phoenix Sky Harbor International Airport, this hotel consists of 50 units on 1.4 acres of land. The […]
How Will Climate Change Affect Travel for Responsible Tourists?
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 them -and how climate change can affect their travel plans. The new travelers loves hotels that donate their leftover soaps to clean world initiatives. They try to support the local […]
How to Prepare Your Hotel for Family Summer Vacations
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 be the busiest travel season ever.” Kern is not the only one. The World Travel & Tourism Council predicted that US travel and tourism would exceed pre-pandemic levels by 6.2%, accounting […]
Cater to the “New” Traveler with Sustainability – Why it’s Essential for Hotels
The modern young business person likes to travel. They consider themselves a digital nomad – or someone who could be – and they like the idea of leaving only a small footprint on the world as they go. This is great news for the recovering hospitality industry, which has been striving to regain pre-2019 booking […]
Let’s 1031: All You Need to Know About a 1031 Exchange and It’s Benefits for Hotel Investors
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 to grow their portfolios and increase net worth faster and efficiently. By using 1031 exchanges, real investors can sell a real estate property and reinvest the proceeds into another real […]
What is the Cost of Labor in the Hotel Industry?
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 been a hot button topic in recent months. According to Reuters, labor costs in 2021 “surged [about] 4.0% on a year-on-year basis, the largest rise since 2001.” With both wages […]
NewGen Advisory Partnering with the Arizona Housing Fund to Raise Funds for Affordable Housing
Hotel brokerage kicks off partnership with $5K donation PHOENIX (January 12, 2022) – NewGen Advisory, a boutique brokerage firm specializing in exclusively hospitality assets, has made a $5,000 donation to the Arizona Housing Fund and joined the Fund as a partner in the Escrow Donation Program. The brokerage, which is based in Arizona and operates […]
A Guide to a 1031 DST and the Hotel Industry
The strategic swap of business properties is a useful way to defer capital gains taxes. A 1031 Delaware Statutory Trust (DST) uses the standard 1031 exchange as a base but develops the agreement further. If you’re looking to invest in hotels for sale and expand your portfolio, then it’s worth investigating the benefits of a […]