The restaurant business has been one of the worst-hit by the Pandemic. The recovery is going to be long drawn and painfully slow. Even if people are more than eager to venture out and dine at their favourite places, the fear factor drastically curbs…
Critical Components of an Effective “Order to Appoint a Receiver” – From the Lender’s Perspective
It is inevitable – many hotels will go into receivership and/or foreclosure in the coming months. Some owners cannot afford to fight any longer, some lenders cannot kick the can down the road any longer, or any number of other reasons will start the…
Value Reigns in the Hotel Recovery Phase
Fortunately, we know the ramifications of a price reduction, notably that it erodes your customer base by making it harder to return to your standard rates. And yet, market forces will dictate bold moves to maintain increased leisure bookings throug…
Evolution Of Business Travel: Adjusting Your Corporate Travel Strategy For Recovery
The following article is a summary of best practices and tips from our recent webinar, The Evolution of Business Travel. To view a full recording of the webinar, fill out the form on the landing page. Though corporate travel is not expected to pick …
A Two-Speed World Eager To Bring In The New Year
For the first time since mid-March, SiteMinder’s World Hotel Index showed that hotel bookings globally rose to above 55% of 2019 levels on 6 September, and then dropped back to 54.7% just three days later to mark the tenth week that hotel bookings h…
Hotel Investors Across Europe Have ‘Wall of Money’ and Confidence in the Sector’s Ability to Recover, Hears Webinar
London – A webinar held this week [15th September] hosted by HVS, AlixPartners, Bird & Bird and EP Magazine, heard a distinguished panel of experts debate the impact of the global pandemic on hotel values across Europe and whether it had in fact, cr…
The future of OTAs: what to expect from their new adaptive strategies
Online Travel Agencies have always been a subject for debates among hoteliers. Should we reinforce our direct channels of distribution or rely on intermediaries? In general, there is no universal answer to that question. But when the pandemic struck…
The Power of Routine and Creative Thinking
In this time of upheaval and uncertainty, so many of us are reassessing our options and actions in relation to our work. The way we operate on a day to day basis is very much worth looking at with a critical eye. How do we organize and fill our prec…
A Beginner’s Guide To Taking Wine Tasting Notes
For both casual and avid wine drinkers alike, tasting notes are an important barometer in gauging how likely one is to enjoy that particular wine. While the memory of tasting wines may last for several days, when you frequently taste many wines in a…
Accor’s Notable Openings From The First Half Of The Year
Despite the ongoing health crisis, our growth and development activity continue. Over the last several months, we’ve welcomed new hotels and 12,000 new rooms to our portfolio, which has now grown to more than 5,000 hotels worldwide. Throughout many …