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
At the beginning of August, consumer confidence fell to its lowest level in six years amidst summer coronavirus surges. The Conference Board Consumer Confidence Index
The world has changed, and if hotels want to bounce back from the pandemic, they will have to change with it. The old status quo
The more companies use and leverage technology, the higher the security risk to the company and its customer base. This past June, Twitter learned this
As we continue to make our way through the single biggest global crisis in recent memory, hotel owners are left not only with vastly reduced
It’s a whole new world for the hospitality industry as it begins to slowly regroup in the wake of COVID-19. No one is certain what
The numbers are in: bleisure travel is on the rise. How can your hotel attract this growing class of travelers? Most bleisure travelers are millennials,
Technology pushes a more and more interconnected world. Meaning industries like hotel services have a stronger incentive to adapt and expand for their growing audience.
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
As you know, we are in the midst of a presidential election year; wondering who will lead our country into the next four years. Each
Most industries have annual conventions where hundreds (even thousands) of people gather to learn, network and grow their business. The hospitality industry has many annual
When you’re selling a hotel, it’s important to choose the right hotel broker. Choose poorly and the sale could take far longer than you’d like
As a hotel owner, your main concern is to fill as many rooms as possible as consistently as possible. It’s common knowledge that prospective guests
Travelers are relying more and more on online reviews to help them make hotel decisions. In a survey of more than 900 people, travel-technology company
If you think the coronavirus won’t have a significant impact on US tourism, think again. As of the writing of this article, there are 71,000+
Travelers rarely visit a particular place simply to experience a specific hotel—yet that hotel can have an enormous influence on their trip. It is where
Times are tough out there for small businesses, but the hospitality industry is seen as a steady and growing part of the wholesale B2B market.
The hotel and lodging industry can claim numerous reasons why it is one of the most successful fields of operation in the world of businesses.
Many industries pose considerable risk to investors. Between lack of experience in the field to consumer whims changing, and every reason in between, businesses often
Tourism is Everywhere It’s not just the big hotel chains that are profiting from the increase of tourism. Smaller hotels and purely local players are
If you have been to one of today’s trendy bed and breakfast-style accommodations or boutique hotels, you have no doubt experienced the benefits of these
In the nearly 100 years since its opening, it is safe to say that the Hotel Figueroa has been the backdrop for many a scene.
You’ve found some hotel real estate for sale, and after your purchase, you’re trying to think of new ways to enhance the visitor experience. You
Although we’ve relied on hotels and other means of lodging for centuries, that doesn’t mean this sector has no need to innovate. On the contrary,
Beyond the obvious goal of contributing to the welfare of the planet and its natural resources, hotels that meet sustainability goals experience many business benefits
More and more high-net worth investors plan on putting their money in value-add assets. As a wealth-management strategy, investing in high-value real estate is an
Amenities continue to be a significant draw for hotel guests. By providing clients with spaces where they could plan and organize events, hotels can generate
It takes an enormous amount of water—about 2,800 gallons of it—to wash a queen-size bed sheet. Factor in the chemicals needed to sanitize the sheets
Sedona has plenty of breathtaking views, given its well-known red rocks, fantastic sunsets, and some of the best resorts the country has to offer. With
Being in the hospitality business means you’ll need to stay on top of trends and challenges. If you are on the hunt for a new
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
As guests become more demanding in the type of services they want, hotel properties will need to keep up to meet their demands. That includes
The revenue growth forecast for hotels is expected to slow down, indicating that profits may be harder to hit this year. Revenue gains may have
Hyatt is set on a worldwide expansion, announcing plans to build hotels in locations such as Philadelphia, Portland, Senegal, El Salvador, Los Angeles, and Australia.
Hotels are finding it hard to control salaries, with higher pay, wages, as well as benefits taking a chunk out of the company’s revenue. As
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,
While expenses for hotel businesses continue to rise, 2018 turned in stronger profits than expected. That bodes well for the future of hotel owners and
Star ratings matter. In an age where consumers check reviews and feedback online before they buy a product or try out a service, ensuring that
Experts in the hospitality industry foresee a strong performance for U.S. hotels in 2019. Property owners and those looking to invest will not need to
Rising costs mean that a lot of hotel property owners are finding ways to better manage their finances-such as imposing attrition and cancellation fees. Why
Buying a hotel can be a brilliant investment move. However, finding the right hotels for sale can present quite a challenge. One of the many
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
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
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
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
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
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
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
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
More American workers may qualify for overtime pay this year. Under the current enforced law, only employees with a salary below $455 every week are