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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

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

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 post-COVID-19 operating environment – both in terms of covering core..
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Hotels Could Face $9 Billion in New Costs to Stay Squeaky Clean

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,..
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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 cleaning 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..
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hotelAVE on The Unconstrained Conversations Podcast

hotelAVE’s Founder and CEO, Michelle Russo, spoke with IDeaS’ “chief evangelist” Klaus Kohlmayr on The Unconstrained Conversations podcast. “This episode dives into the strains COVID-19 has put on hotel finances and the difficulty of balancing profit and safety as the hospitality industry slowly reopens. Michelle also shares her thoughts on the future of travel and..
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Hotel Business: A Sensible Strategy is Key in the Current Environment

ASSET MANAGEMENT  REPORT By Gregg Wallis Senior Editor A sensible strategy is key in the current environment NATIONAL REPORT-With analysts predicting that hotels will be working on tighter margins, asset managers will need to work harder for every dollar earned. “The current environment requires skilled asset managers, and will differ­ entiate the savvy asset managers..
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ALIS Top 5 Takeaways

   hotelAVE ALIS Top 5 Takeaways Alis Takeaway #1: 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. Alis Takeaway #2: Uncertain Macro Environment...
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