With the global spread of the virus forcing some countries into lockdown and airlines cancelling both domestic and international flights from certain regions, both leisure and business travel segments are taking a major hit. The impact is made much …
Baird/STR Hotel Stock Index fell 11.7% in February
The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns do…
Why Are Hotel TVs So Bad?
While home TV tech keeps marching on, hotel TVs seem hopelessly behind: They feature few channels, no on-screen menus and lots of other outdated annoyances. So what’s the problem? It’s not just you. Hotel TV systems are a constant pain point for fre…
Keep Calm And Travel On: What Virtuoso® Travel Advisors Want You To Know About Traveling And Coronavirus
NEW YORK – Leading luxury and experiential travel network Virtuoso® has been closely monitoring the impact of coronavirus, collaborating and consulting with its travel agency members across the world as well as its preferred partners. Since COVID-19…
Coronavirus survival tips for hotels
How should hotels respond to the current coronavirus situation? Occupancies are down, mass gatherings have been canceled and tourist arrivals have dropped. I decided to go back and look at some of my previous research to get some tips on how to deal…
Horwath HTL Industry Report: Galicia Market Overview
The region has diverse hospitality products, recently expanded to include more international brands, strong destination marketing support and the local business community has invested heavily in infrastructure. These combined efforts mean that Galac…
MGM Resorts: Novel Coronavirus (COVID-19)
MGM Resorts International is closely monitoring the global health response to the coronavirus (COVID-19) and guidance provided by the Centers for Disease Control (CDC) and Prevention and the World Health Organization. The CDC and Vice President Penc…
After Watching The Credit Bubble Implode In 2008, I Worry For Hotels
I’m no health expert but, for what it’s worth, I’m pretty pessimistic about this whole thing. The graph below shows spread so far (to March 6th) outside China, and, as you can see, the cases are exploding: More interesting to me, as a mathematician,…
Hospitality Financial Leadership – Chapter 6 – The Unraveling
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…
Simple Steps Hotels Can Take For Climate Consciousness
Despite any rhetoric or debate, the fact is that every hotelier needs to recognize that being a good corporate citizen means doing your part. At all costs, you want to avoid being labeled a violator of our planet’s ecosystem, especially when there a…