There are many things we couldn’t have imagined doing a year ago – wearing a surgeon’s mask to buy groceries, working solely from home, and embracing tasks we once loathed. Along with filing taxes and tackling the kitchen junk drawer, getting approv…
HVS Monday Musings: Hotel Feasibility Study will Become Critical in the COVID era
COVID-19 has dramatically changed every aspect of life as we knew it, including the way we conduct our business. Though demand will be subdued for the near to medium term, we expect the industry to regain its 2019 glory in the next 2-3 years, making…
Hospitality Financial Leadership – Chapter 13 – Serving
The chapter below is an excerpt from my new book. It’s fiction but some of the characters and story lines are based on people I have worked with and events that have taken place in the hotels I have worked in. The book is a fable about a hotel manag…
Update on the Airbnb Host Endowment and Our Commitment to Communities
Airbnb today announced two steps Airbnb Co-Founder and CEO Brian Chesky intends to take to support Airbnb hosts and communities around the world. Airbnb Host Endowment In October, Chesky announced the creation of the Airbnb Host Endowment. In a mess…
Austria’s Second Intercityhotel Opens In Graz
A new opening in the City of Design: Graz followed in the footsteps of Vienna to become the second location in Austria with an IntercityHotel when the IntercityHotel Graz opened its doors on 13 November 2020. As usual, the hotel occupies a central s…
How Has The Hotel Development Scene Evolved?
Hotel development, in a nutshell, involves the process of sourcing and negotiating hotel management or franchise contracts as well as investment opportunities, in order to drive the organic growth of a hotel business. As the tourism industry boomed,…
The Evolving Travel ‘Experience’: Virtual, Actual and In Between
Guided excursions have long been at the heart of travel, but like everything else, the pandemic disrupted such experiences, and many went virtual. But as travel begins to tick up, existing tour companies are adapting to social distancing in other wa…
STR: Preliminary October data for London hotels
STR’s preliminary October 2020 data for London hotels showed relatively flat occupancy compared with the previous month. Year-over-year declines remained significant. Comparison with October 2019: Occupancy: -66.5% to 29.3% Average daily rate (ADR):…
Sustainability equals impactful innovation and social change initiated by NextGen
The next generation of hospitality game-changers, who are passionate and dedicated to reinvent a more sustainable world, are the future drivers of our laggard industry caused by today’s seismic global scenario, says Paul Griep, Director of Industry …
Update on Our Work to Support Frontline Workers
Airbnb Co-Founder and CEO Brian Chesky today announced a new commitment to support charitable and philanthropic organizations that are fighting COVID-19. Chesky intends to personally donate $10 million to non-profit organizations that support frontl…