How to Make Your Hotel Recession-Proof
Whether or not we are poised for a recession by 2021 is the subject of much debate but we seem to be trending in that direction. In the wake of the coronavirus, the Federal Reserve just cut interest rates to 0% – a 50-year low. With coronavirus headlines changing by the hour, Bloomberg Economics most […]
Tax Incentives for Opportunity Zones: a Brief Introduction
Hotel investors are taking advantage of opportunity zones, and rightly so. Opportunity zones are a win-win for both low-income neighborhoods and investors, which is why the government has created some major tax incentives for them. Want to learn more? Read Congressional Research Service’s briefing of tax incentives for opportunity zones here. Ready to invest in […]
For in-Room Technology, Look to the Living Room
Connected technology is quickly becoming the newest addition to hotel guest rooms. By investing in multiple device integration with in-room technology, hotels will start to see the benefit of building a technology ecosystem, one that’s going to improve guests and the hoteliers both in the long term. Intertwined Technology As more and more of in-room […]
Back to Basics: Elevating the Guest Experience Starts with Mastering the Essentials
The hotel industry is booming. More people are traveling and they’re happy with the accommodations they’re getting. At the rate it’s going, we can only expect the industry to grow even bigger. This begs the question: now that most of our guests are satisfied, how can we give them more? This is perhaps the question […]
First Opportunity Zone Project Breaks Ground
The first opportunity zone project breaks ground in Phoenix, with the development project on the 130-room Springhill Suites by the Marriott in the suburb of Avondale, spearheaded by Virtua Partners and Hotel Equities, its hotel management affiliate. Opportunity Zone Investing Efforts in the area continue to be geared towards providing affordable housing in underserved communities, […]
Deloitte: CFOs Anticipating a Slowdown, but Not a Recession
While the economic outlook continues to be positive, the CFO Signals points out expectations for a slow-down by the end of 2020, one that could lead to the softening of lodging-industry fundamentals in the short term. Not a Recession Expectations run to a deceleration of U.S. economic activity by the end of 2020. However, industry […]
Transforming a Hotel into a Lifestyle Brand
When it comes to selling services or products, it’s nothing new that you, as the owner, would want to turn it into a brand that people from different parts of the world would recognize. This happens even to those who own property assets such as hotels. You’d want your accommodation to be so remarkable that […]
Marriott to Open More Than 1,700 Hotels by 2021
Hotel giant Marriott outlined a three-year plan to launch more than 1,700 hotels all over the globe. They also aim to return up to $11 billion to shareholders and intend to make a full-year profit of about $8.50 per share by the time 2021 rolls in. Closer Look into The Numbers The brand already owns […]
Accurate Forecasts for Hotel Revenue
Accurate forecasts are an essential part of revenue management for hotels. Property owners who have adopted a more holistic approach to revenue strategy will find that it makes it easier to align departments when the data, goals, and metrics are on the same page. Improving Forecasts Aside from a holistic approach, one way to ensure […]
5 Major Hotel Trends for 2019
Hotel ownership is an excellent revenue source. If you’re looking for ways to diversify your portfolio, then investing in a hotel property can be the right financial decision for you. Before you talk to your hotel brokers, read up on the following major hotel trends for the year. This can influence you in the kind […]