In the face of an ever-evolving economic landscape, hoteliers across the globe are confronting one of the industry’s most persistent challenges: rising operational costs. These increasing
The hospitality industry has seen a transformative shift in the role of food and beverage (F&B) services, evolving from a secondary amenity to a primary
The decision to enter the hotel industry through franchising opens a world of opportunities, yet it’s accompanied by an array of financial commitments that demand
The hospitality industry is witnessing a significant shift with the rising popularity of independent and boutique hotels. These establishments offer a unique blend of personalized
In an era where the hospitality landscape is marked by fierce competition and ever-evolving guest expectations, one factor consistently stands out as a key differentiator:
Tempe (February 1, 2024) — In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer,
The hospitality industry is constantly evolving. With the ever-changing guest demands and economic fluctuations, hotel owners must practice flexibility and maneuverability. While some tendencies remain
FDIC cautions financial institutions in new advisory letter. The Federal Deposit Insurance Corporation (FDIC) has released a crucial advisory for banks, highlighting the need for
The way people work, travel, and live is transforming. Some of these trends are the aftermath of the COVID-19 pandemic and how it changed work.
In November 2023, the commercial mortgage rates are hovering between 7% and 8%— near the same residential mortgage percentages that have been dominating the headlines.
A hotel’s location is a crucial determinant in the overall success of a hotel. A hotel based in a favorable location tends to attract more
Hotels have become a familiar scene of human trafficking crimes across the country. According to the Polaris Project, 75% of those who survive these crimes
In the three years since the peak of the pandemic, the hospitality industry has demonstrated remarkable resilience. Hotels have managed to survive and thrive in
Quality assurance is important to the success of any business, and the hotel industry is no exception. In today’s competitive world of hospitality, building a
As any service company will attest, employees are your biggest asset. It can be difficult in today’s culture to hire and retain good employees. So,
Jigar Desai, with NewGen Advisory, handled the $2.6 million sale of the 30-unit Amazon Motel on two acres of land at 1135 W. Miracle Mile, near Fairview Avenue.
Renovations play a crucial role in improving a hotel’s occupancy rates and overall revenue. However, upgrading the interiors may have a minimal impact if you
Classified as income-producing assets, hotels are mainly valued based on their recurrent income-generating potential. Similar to other forms of commercial real estate, one fundamental indicator
Digital marketing played an essential role over the last three decades in the hotel industry. In a time where travel planning is done entirely online,
A recent report by Deloitte emphasizes that a remarkable 29% of hotel guests who receive exemplary attention are inclined to leave positive reviews. Moreover, resolving
The hotel industry holds substantial prominence within the global economy, assuming a pivotal position in bolstering the travel and tourism sector. Nevertheless, akin to numerous
choice hotels and wyndham hotels & resorts merger- key considerations Media recently reported a potential merger between Choice Hotels and Wyndham Hotels & Resorts. While the two
When Airbnb first started, nobody thought the company would outcompete the hotel industry. Airbnb founders once said, “We’re not really replacing hotels,” and hotel chain
In the last few weeks, the top-tier hotel brands Hyatt, Hilton, and Marriott have all announced new Midscale Extended-Stay sub-brands, reinforcing an emerging trend over
Johanna Cuevas had the opportunity to speak at the Latino Franchise Symposium on April 21st in Dallas, Texas. Her panel focused on discussing hotel ownership
From premium economy hotel brand, Spark by Hilton to Accor’s stylishly curated Handwritten Collection, the past few months have seen a proliferation of new brand
The hotel industry is currently facing a labor shortage and according to the U.S. Bureau of Labor Statistics, approximately 2 million hospitality posts remain vacant.
Creating a memorable and satisfying guest experience is crucial for fostering customer loyalty in the hospitality industry. Fortunately, hoteliers today have access to a range
For the last decade, the emergence of new innovations and disruptions within the hotel industry are changing consumer preferences. In tandem, hoteliers have started adopting
Customer loyalty is one of the most important aspects of a successful business. For large brands, this is especially true as customers may choose to
The hotel industry has had some extraordinary changes in 2022 while recovering from the financial wreck of the 2020-2021 lockdowns. As we move forward, travelers
2022 brought a mix of successes and challenges for the hotel industry. Travelers were eager to return to exploring after COVID lockdowns, and global hotel
Inflation is having a substantial impact on the hotel industry, particularly as it is related to the US hotel rate landscape. Prices of services and
Buying a hotel is not like buying empty office space. You are purchasing a living, ideally thriving, property with an existing business model, clientele, and
Investing in a hotel can be a rewarding and profitable way to step into the business world of hospitality. The profitability of your hotel depends
The pressure for sustainability is growing now more than ever as travelers are more willing to stay in a sustainable hotel. Sustainability is increasingly being recognized
Every choice we make has an environmental impact, good or bad. The choices businesses make, multiply their environmental impact a thousand-fold as sustainable travel became
WHAT CAN YOUR HOTEL EXPECT FOR 2022 HOLIDAY TRAVEL? The world is still trying to recover from the impact of COVID-19 pandemic. It was felt in
Business-driven management structure for long/extended-term hotels The hotel industry took a massive blow during the COVID-19 pandemic, but the past two years have offered huge
Big brands within the hotel industry are focusing more on offering the boutique lifestyle that offers customers unique settings and experiences. A report by TripAdvisor
100% bonus depreciation will begin to phase out after December 31, 2022 and will phase out by 2027. The current law, passed under the Tax
Hotel technology is a constantly evolving project for any venue. The effort to continue dazzling your guests with cutting-edge luxury never ends, and we wouldn’t
The hotel industry is constantly pushing for innovative technology due to the ever-changing expectations of the modern traveler. 2022 has been a big year for hotel technology
virtual reality tours and hotel bookings Virtual reality is no longer a teenager knocking about the living room, dreaming of becoming the next elite tennis
You cannot overstate the importance of having and implementing the right marketing trends and strategies for your hotel. Critical factors like building brand awareness, optimizing
Phoenix (May 24, 2022) – Dinesh “Dan” Rama and Kishan Gohel of NewGen Advisory proudly announce the sale of the Days Inn by Wyndham hotel
Travel this summer should include consideration for responsible tourism. Modern travelers are seeking to know the impact of their travel plans on the world around
It’s time for hotel owners and managers to prepare for the upcoming summer season. Expedia Group CEO, Peter Kern, tells Bloomberg that “summer 2022 will
The modern young business person likes to travel. They consider themselves a digital nomad – or someone who could be – and they like the
1031 exchange is not a mere tax bypass strategy. It’s a useful wealth creation principle. This exchange is popularly used by real estate investment moguls