The current crisis is an excellent opportunity to harness the lessons learned and adopt an improved approach.
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Helping Hoteliers Mitigate the Damage of COVID-19
and Prepare to Capture Returning Travel Demand
What Hoteliers Need to Know Today:
- Hotel Stocks: The Cases for Buying into the Rebound (CNBC)
- Fed’s Economic Outlook ‘About Right’ (Reuters)
- Hotel Recovery Can Only Go So Far Without Group (Skift)
- Remote Workers Are Renting Hotel Rooms (Business Insider)
- 10 Hospitality Lessons Learned in 2020 (HR2020)
- Travelers Expect Visible Sanitation (Hotel Management)
- Hilton, Country Garden to Develop 1k Hotels in China (Yahoo! Finance)
- ALIS Summer Update (ALIS Conference)
- Planning for Recovery: Is Trust the New Loyalty? (HOSPA)
- Steering the Comeback (HSMAI)
- Clichés to Avoid During the Crisis (Hotel News Now)
What Hoteliers Need to Know Today:
- 3 Ways to Adapt F&B During COVID-19 (Pineapple Hospitality)
- Tech CEOs Willing to Testify in Antitrust Probe (NBC News)
- What an Antitrust Case Against Google Could Mean (Phocuswire)
- Leadership in Luxury: ‘We are the Most Privileged to Serve’ (Hotels)
- Road to Recovery: ‘The Appetite for M&A is Huge’ (Hotels)
- What’s Ahead for Hospitality Construction (Hotel Business)
- Global Coronavirus Recovery Resources (HSMAI)
- The Gettys Group’s ‘The Hotel of Tomorrow Project’ (Lodging)
What Hoteliers Need to Know Today:
- Trump Admin Considers Travel Tax Credit (Travel Agent Central)
- A Rooms-Only Break-Even Analysis (HotStats)
- Timing of Comeback an ‘Enigma’ (Hotel News Now)
- A Hotelier’s Guide to the Next Normal (Hotel Management)
- Kalibri: Occupancy, Airlines Show Positive Signs (Hotel Business)
- STR: U.S. Hotel Weekly Results (Hotel News Now)
- Loss in State, Local Hotel Tax Revenue (AHLA, Oxford Economics, PDF)
- We Stand Against Racism (Marriott International)
- J Street Launches Anagram Ventures (Hotel Business)
What Hoteliers Need to Know Today:
- 64% of Hotels Expect to Open by August (Cloudbeds)
- U.S. Travel Spending to Fall 45% in 2020 (U.S. Travel Association, PDF)
- Hilton Announces Corporate Layoffs (Hotel News Now)
- Lacking Group Business, U.S. Top 25 Markets Lag (Hotel News Now)
- NBA Teams to Occupy Orlando Disney Hotels (USA Today)
- U.S. Travel Association’s Virtual Hill Week (PDF)
What Hoteliers Need to Know Today:
- 11 Ways Travel Will Change (Washington Post)
- What is LPAR? (STR)
- Prism Hotels Have Grown 35% Market Share (Prism Hotels & Resorts)
- May Retail Sales Improve Over April (Restaurant News Resource)
- BHN Group’s “6×8” Webinar Series (The BHN Group)
Data Snapshot
U.S., week ending 6/20
(year over year)
– Occupancy -41.8%
– ADR -31.7%
– RevPAR -60.3%
Source: STR
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From HR2020
- 10 Hospitality Lessons Learned in 2020
- How to Vet the Right COVID-Response Hotel Software for Your Property
- Large Group Hotels Will Greatly Influence Industry’s Recovery
- The Hotel Operator’s Checklist for Recovery
- Forget ‘New Normal.’ Think Reset.
- Hoteliers: You Don’t Have Time to Read This Column
- Hotel Recovery 2020: We’re All in This Together
