Weathering Hotel Downturn – Are You Prepared?
The time to prepare for a flat tire is not after running over a nail. The same can be said for those who run hotels—the time to prepare for a downturn is right now. By the time a financial or economic downturn happens to your business, it is too late to begin planning how to […]
Going Green! How Hotels Are Reducing Their Carbon Footprint and Saving Money
Environmental consciousness is not a new trend—in fact, it is at the forefront of the minds of more and more consumers every day. Smart businesses, including hotels, pay attention to what interests their customers and act accordingly. Whether you have recently become an owner through a hotel sale or you are working to market your […]
5 Ways Hotel Owners Can Improve OTA Reviews
You’re in the market to buy a hotel—maybe a smaller hotel listed for sale by the owner. One of the first things you’re going to do is check out the available reviews for the property, including the OTA (Online Travel Agency) ratings. Reviews can make or break any business, and the hotel industry is no […]
The Art of Depreciation and Refinancing Hotels
If you are looking to build property, market figures indicate that this is not a good time. If you want to refinance a property, though, then that is a different story. With plenty of loans available for existing hotels as fundamentals remain steady, this may be the best time to acquire that hotel you’ve been […]
U.S. Travel and Hospitality Outlook—2019
As we move forward into 2019, investors in hospitality and lodging want an idea of what they can expect. It’s important for hotel investors to understand predictions in the travel industry altogether to prepare for changes in their sector specifically. Deloitte’s 2019 U.S. Travel and Hospitality outlook gives investors a clearer look into this year. […]
Why Hotel Investors Should Be Using Opportunity Zones
The Opportunity Zones program may pose some limitations, but it brings seriously lucrative tax benefits to the table for hotel owners and investors who may have projects in the right location. With more and more investors thinking about taking advantage of the benefits brought on by the program, here’s why you should start giving serious […]
Hotels: Higher Occupancy Low ADR vs. Higher ADR Lower Occupancy
Measuring hotel performance can be difficult. There are several factors that need to be considered when looking at how well a hotel is performing. This includes occupancy, average daily rate (ADR), and revenue per available room (RevPAR). One of the ongoing debates in hotel performance ratings is the efficiency of measuring success using ADR or […]
Opportunity Zones: What Are They and How Can Hotel Owners Take Advantage of This Program?
Opportunity Zones may be the biggest news in the world of economic development since the establishment of the 1031 Exchange. The Tax Cuts and Jobs Act of 2017 introduced the Opportunity Zones program which offers generous tax advantages, delivers enormous benefits to private-sector investors, and promises economic growth for low-income communities. Although this program is […]
Trump’s Foreign Policy and the impact on Foreign Travel to USA
From immigration policies to healthcare and tax reform to a government shutdown, U.S. President Donald Trump has had his fair share of challenges since taking office. One of the more recent issues that’s gaining international attention in recent months is his foreign policy. Whether one aspect is directly related or attributed to the other remains […]
Dual Branding: Is it a Successful Model?
The world of commerce is an ever-growing and expanding one. The fight to stay relevant, successful, and efficient is a reality that drives many companies to come up with more and more ways to push the boundaries of their particular fields. Sometimes these boundary-pushing measures flourish, and other times they fail. Risks that are never […]