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 […]
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 […]
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 […]
How to Drive Revenue for your Hotel with Group Sales
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 […]
How Hotel and Retail Brands are Joining Forces
The growing trend of convergence between retail and hospitality isn’t anything new. Hotel brands that work with retail brands provide a personalized experience for customers, draw in more bookings, create a better brand value, and have higher returns. Finding the Right Fit Hotel property owners or investors in hotels need to find retail companies with […]