Solving the Hotel Industry Labor Issue
The skies are undoubtedly sunnier for many hotel owners and investors as vaccines are rolling out and businesses open up. A perfect example of this change in fortunes is seen by merely turning on the television and watching sporting events. Audiences are packing arenas and stadiums once more–and that’s splendid news for hotels. Even going […]
8 Factors to Consider with Hotel Conversions
It’s true… the Covid-19 pandemic has dealt a major blow to the hospitality industry. With tourism stifled and convention centers abandoned, many hotel owners have put their hotels for sale at bargain prices. Enter the savvy real estate developers who understand the cost of construction and recognize the value in acquiring and then converting hotel […]
Why Hotel Conversion?
In 2019, hotels across the country experienced a tremendous bull run from the last recession. Capital was abundant, supply was plentiful, and demand was high. Enter the COVID-19 pandemic of 2020. The hotel industry halted abruptly with stay-at-home orders and nationwide lockdowns. Occupancy and revenue for hotels plummeted to record lows. Many industries struggle to […]
The New Minimalistic Guest Room Approach
“Less is more”, as Coco Chanel used to say, may no longer apply exclusively to the fashion world. In light of the “new normal” brought about by the COVID-19 pandemic, minimalism is now an essential strategy to maintain spaces clean and safe. Whether you own a hotel, or if you’re simply a homeowner who hopes […]
SBA loan payment relief due to COVID-19
Congress has authorized a much-needed second round of Section 1112 payments to eligible SBA loan recipients. This funding is available to eligible, non-casino hotels and motels (NCAIS 721110) with up to eight months of additional relief. This second round of payment relief is set to begin February 1, 2021 or when a hotel or motel’s […]
Top 5 Hospitality Trends for 2021
The hospitality industry evolves at a rapid rate. That hasn’t been more truthful than with recent global events that shape all aspects of lives. The hospitality industry is more competitive and challenged than ever before. Keeping updated with the latest industry news and trends is essential. But keeping tabs on everything can be challenging. So […]
Health, Hygiene and Safety: The New Customer-Trust Currency
The pandemic has upended numerous elements of all areas of business. This is especially true for the hotel industry and all who inhabit it. One thing to keep in mind is that things might not shift entirely back to normal once the pandemic is over. Customer attitudes, values, and currency have changed and aren’t likely […]
Why Travel Agents Will be Trending in 2021, and How to Leverage Them for Your Hotel
In 2019, the employment of travel agents rose by 2.3%. Even during the pandemic, travel agents continue to be in high demand. The year 2021 will be no different for this industry. Read on to learn about why travel agents will be trending in 2021 and how to leverage them for your hotel. Travel in 2021 Because […]
The Resurgence of Travel in 2021
The travel industry went into a tailspin due to the COVID-19 pandemic. As hotel owners welcome the new year, however, they may entertain some cautious optimism for travel in 2021. Experts agree that travelers are chomping at the bit to travel again and that pent-up demand is starting to bubble to the surface. Travelers’ wanderlust […]
Do These 4 Things to Survive into 2021
The decline of hotel occupancy in 2020 is not news. Even though occupancy rates have increased since the Coronavirus outbreak, recovery is still uncertain. Hotel owners will need to be evermore strategic moving forward. Here are four things hotel owners can do to survive into 2021. Personalize Your Customer Experience Tom Knighton, Conversant Solutions, pointed […]