Staff2
As we get ready to flip the calendar to a new year, we are reflecting on the hospitality industry in 2022, which has proven to be a dynamic and interesting year. Many of the challenges that plagued the industry in 2021 still exist but in many instances to a lesser extent. By year-end new challenges
The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries. The growing COVID-19 cases across the U.S., as well as government restrictions on travel that further stress demand, continue to leave the hotel industry significantly behind pre-pandemic levels in terms of revenues, profitability and valuations. Gateway cities such
This article explores what hoteliers should consider before renovating hotel properties, including the effect on occupancy and ADR, timing, ROI, and mandates imposed by franchise companies.
Hoteliers need to ready themselves for the possibility of wage increases and implement ways to mitigate the new costs of operation.
Hotel development in Cleveland is booming, thanks in part to the city winning the bid for the 2016 RNC, a new convention center and a surging health care sector.