The New Minimalistic Guest Room Approach

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“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 […]

Health, Hygiene and Safety: The New Customer-Trust Currency

customer-trust

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 […]

The Resurgence of Travel in 2021

Hotel for sale Ohio

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

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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 […]

Considering Purchasing a Commercial Note? Triple up the Due Diligence.

Motels for sale

Every financial cycle or economic downturn brings forward its fair share of distressed assets.  In these situations, banks and lenders will often start shopping out non-performing loans to shed some liabilities off their books or even free up capital. This inevitably brings out investors looking for an opportunity to get a steal in the marketplace. […]

How to Drive Revenue for your Hotel with Group Sales

groupsales

With hotels being decimated by COVID-19, hoteliers are looking for any strategies to help them increase revenue. One of the areas that many hotels are focusing on is group sales. Although this may not have been a big push for you before 2020, now could be the perfect time to actively build this side of […]

Hotel Industry needs COVID Relief Now

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The hotel industry needs additional help to stay afloat, and that help has been slow in coming. With the 2020 presidential election less than a month away, countless hotel owners worry they won’t survive the holidays without additional economic relief. The American Hotel & Lodging Association (AHLA) surveyed 1,000 hotel owners, operators, and employees at […]

Five Ways to Creatively (and Inexpensively) Market Your Hotel through COVID-19

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Given the state of hospitality today, hoteliers need to think very creatively to capture new business. Four out of ten hospitality workers are still not working. According to a recent AHLA article, more than half open hotel rooms were empty across the country as of August 1st, 2020. This is in addition to the thousands […]

Target Leisure Travelers Until Business Travel Recovers

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It’s no secret that COVID-19 has had a tremendous effect on the business travel industry. Since March 2020, experts estimate this $1.5 trillion industry has lost around $518 billion; devastating numbers for transportation, hospitality and more. According to Dave Hilfman, executive director of Global Business Travel Association – a trade group with around 9,000 members […]

CMBS Loan Relief for Hotels – September 2020 Update

cmbs

Back when the first CMBS loan relief was offered, no one could have predicted how little it would help. Its 90-day deferral of payments got hotels through April, May and June only. Then June rolled around with no end in sight and so a second wave of CMBS loan relief arrived in the form of […]