“I think one of the problems is that we focus on compensating for a problem rather than avoiding one altogether.” This quote, and other surprising viewpoints on the difference between compensating for a problem and avoiding one entirely. Listen in a…
Mistakes to Avoid When Renegotiating Corporate Hotel Rates
Nobody has a crystal ball — although many travel buyers probably wish they did right now. One question on their minds will be what is the hospitality sector’s playbook for recovery exactly? In Italy, one of the hardest hit countries so far, procurem…
Recovery from the COVID-19 Pandemic – What Should the Industry Expect?
Summary of Current Situation The World Health Organization (WHO) issued the first situation report on January 21, 2020, noting 282 reported cases with 3 deaths. 91.5% of these cases were found in the Hubei Province in China (World Health Organizatio…
STR: Preliminary March data for London hotels
Reflecting the circumstances around the COVID-19 pandemic, STR’s preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics. Comparison with March 2019: Occupancy: -57.8% to 34.5% Avera…
Wyndham Unites with Leading Companies to Offer Alternative Employment Opportunities to Affected Team Members
PARSIPPANY, N.J. – As the global novel coronavirus pandemic creates unprecedented circumstances for hospitality workers around the country, Wyndham Hotels & Resorts has partnered with leading organizations to give team members whose positions have b…
EHL Group Launches COVID-19 Resource Page, Free Online Course And Pro Bono Consulting To Help Hospitality Industry
In response to the many challenges and the long road ahead until hotels, restaurants and global tourism recover from the devastating effects of the Coronavirus pandemic, all EHL Group entities have come together and created a platform where hospital…
Three Revenue strategies for a New Normal
One way to break down the top three revenue strategies is to look at what you need to be doing now, what scenarios you need to plan for in the short term, and then extrapolating how these scenarios may then impact the mid and longer term, on the und…
COVID-19 Impact in Hospitality Financing and the Current Climate for Borrower’s and Lender’s in the Hotel Industry
Due to the recent unprecedented event, the hospitality industry along with all other industries around the world has been damaged by COVID-19. Which results in a world economic crisis with domestic & international travels rapidly slowing, occupancy …
Cleanliness Theater for the Post-Pandemic World
This too shall pass. However bad the COVID-19 situation gets that we are currently in the midst of fighting, business will eventually return to normal, hopefully sooner rather than later. But the fear instilled in people’s minds from this panic will…
Will Airbnb guests want to stay in chain hotels instead when the pandemic is over?
COVID-19 hit the economy so hard that it could take three years for the U.S. to recover. Many states have paused non-essential businesses and placed a stay-at-home order, where restaurants can only offer curbside pick-up or delivery service. Nobody …