What is the Cost of Labor in the Hotel Industry?

house keeping making the bed in hotel room

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 […]

7 Tips for Improving Hotel Operations With Fewer Workers

Hospitality Team Member holding towels

Covid-19 has altered the hospitality industry in many ways, impacting how hotels operate to survive while maintaining brand quality. Hotel managers have had to develop ways to work efficiently and provide good customer service with fewer workers on board.  Whether the reasons are financially motivated, or there simply aren’t enough workers available to fill job […]

The Role of the Qualified Institutional Buyer in the Hotel Industry

three business people discussing and looking at tablet

The hotel industry was one of the hardest hit by the COVID-19 pandemic. However, it is recovering and gaining momentum as assets change hands at an accelerated pace.  The lodging industry is expected to see a full recovery towards the end of 2023. Until then, hotel buyers and owners battle it out to find a […]

What You Need to Know about the Framework for Reopening International Travel

Woman's hand holding a foreign passport, ticket, and PPE Mask

Are you ready to welcome back international travelers?  After a challenging year with various restrictions, the travel industry has adapted and is starting to open again. Hotels have put safety measures in place to welcome international hotel guests. The rest of the hospitality industry is pivoting as well. In 2020, there were 19.45 million international […]

Important Hotel Metrics to Measure Success Post-Lockdown

3 people looking at notebook

The hotel industry, along with the rest of the tourism sector, was one of the most affected by lockdown and restrictions.  Finally, after months of economic turmoil, the hotel industry is slowly recovering. The road ahead will be a long one, and it may not look the same as before, but the industry is pivoting. […]

Hotel Industry: Guest Expectations After Lockdown

man checking into hotel wearing PPE mask

After months of lockdown, hotels are open for business once again. However, the business will not go back to how it was, and innovative and adaptive change is needed to find success. In 2020, through the lockdown, guests developed expectations from the hotel industry. Considering the drastic effect that COVID has had on the hotel […]

Solving the Hotel Industry Labor Issue

Hotel Workers

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

Man and Woman with laptop evaluating job site

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 […]

The New Minimalistic Guest Room Approach

guest room

“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 […]

Top 5 Hospitality Trends for 2021

hospitality trends

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 […]