In the final article in this three-part series exploring luxury hotels and a sense of place, Suzanne Godfrey, consultant, and lecturer in luxury and luxury hospitality, examines how hoteliers can overcome the challenges in providing local and authen…
Asset Management – Why Bother?
In the course of each year my colleagues and I see a huge number of hotel P&Ls and, within them, there are often wide variances in performance, even in like-for-like situations – whether it is better or worse revenue generation, cost control or effe…
ITB Berlin’s Cancellation Had Only a Mild Impact on Short-Term Rental Owners
You might think that the managers of short-term rental properties in Berlin faced sharp pain when ITB Berlin canceled its early March event, Europe’s biggest travel fair. But you’d be partly wrong. New data suggests the impact of the coronavirus cri…
How to navigate coronavirus disruption in travel
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keeps marching on, hotel TVs seem hopelessly behind: They feature few channels, no on-screen menus and lots of other outdated annoyances.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…