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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Category: Asset Management

How Investors Want Brand Standards to Shift

The focus for brand standards needs to change, with firmer attention on making sure owners get a return on their investments, hotel owners and asset managers said. Speaking during a meeting of the Lodging Industry Investment Council in early October, Aik Hong Tan, principal at Greenwood Hospitality Group, said the brand standards now should focus..

Parsing Hotel ‘Hygiene Theater’ From Truly Effective Health Protocols

hotelAVE featured in Skift.com article discussing cleaning protocols.  Read the original article here! Essentially every hotel company launched a heightened health and cleaning protocol following the coronavirus pandemic to give guests the confidence to book a stay. But they aren’t always effective, according to one company aiming to be a third-party cleaning verification provider to the hotel..

Labor Forecasting Post-COVID 19 – Why Using “Old” Productivity Metrics and Job Classifications Doesn’t Work

By:  Jordan Bell, VP, PostScript Hospitality, hotelAVE’s Operational Efficiency division As hotels gear up to reopen, owners and operators will rely heavily on their property teams to produce operating forecasts to guide their bumpy ride back to stabilization. An important part of these forecasts will be the estimates of future labor needs required in a..

hotelAVE cited by Skift.com

The article, titled “Hotels Could Face $9 Billion in New Costs to Stay Squeaky Clean,” features hotelAVE’s estimates on the collective cost new cleaning protocols could cost the hotel industry annually. The article notes that the hotelAVE study “estimates a bulk of added cleaning costs will come from the higher frequency of cleaning public spaces,..

Covid-19 Cleanliness and Social Distancing Protocols Could Cost Hotel Industry $9 Billion Annually

As hoteliers begin to welcome travelers back, the extra sanitation steps and cleanliness standards necessary to keep guests and employees safe will be more costly than owners and operators anticipate. Maintaining impeccable cleanliness, executing quality food and beverage and delivering hospitable guest experiences have always been bedrock operating principles that hotel managers must now reinvent..

ALIS Top 5 Takeaways

   hotelAVE ALIS Top 5 Takeaways Listless RevPAR Growth:  Projected to grow between 0.0% to 1.1% in 2020 due to new supply exacerbated by alternative accommodation growth. All revenue growth is proposed to come from rate which is unpredictable due to lack of operator confidence in pricing. Uncertain Macro Environment: With an election year and a..