An Analysis of the Proven Track Record of Resiliency Shown by the US Hotel Industry
While the COVID-19 pandemic affects the world, the US hotels’ record of resiliency is one of the few things resonating with hope. The hospitality industry has endured one of the worst hits as a result of the coronavirus outbreak that has wreaked havoc across the world. The current traveling hurdle draws parallels to other major…
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How to Stay Connected With Hotel Employees During COVID-19
The tourism and hotel industry has been the most affected by the COVID-19 outbreak. Since most of the employees in the hotel industry come in direct contact with travelers, the risk of exposure to the virus is high. Hotel employees are more vulnerable to COVID-19 and might transmit the disease if they are not careful….
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Everything Hotel Owners and Operators Need to Know About the CARES Act
The CARES Act by President Trump encompasses many relief measures for employers and employees. It is best to know the rules and regulations of the CARES Act before applying for assistance and loans. Unemployment Assistance via CARES Act for Hotel Operators Under this scheme, organizations with employees and self-employed people can apply for unemployment assistance….
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The Different Ways in Which Hotel Brands Are Responding to COVID-19
With the severe clampdown on tourism due to the coronavirus outbreak, the proceedings in the hospitality sector have come to a standstill. Various hotel chains are incorporating different crisis management strategies. The COVID- 19 hotel response plan broadly includes the following: Raising Cleanliness Standards To battle the current health and safety challenges, Marriott recently declared…
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Data Analysis of Hotel Downturn Strategies
Data analysis of past economic downturns helps hotels determine which strategies they should employ in the future. Historically, hotel owners and operators have struggled to adapt to downturns in the lodging cycle. One reason for this struggle is that hotel operating expenses do not decrease proportionally to drops in room demand. This issue is demonstrated…
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