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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Category: COVID-19

Why corporate travel will never be the same

At its post-COVID peak in 2021, corporate travel indexed at 80 percent of 2019 levels while leisure travel exceeded 2019 levels. All signs are positive for the return of travel. Airports, hotels, restaurants and entertainment venues are busy but corporate travel is still lagging. So why is corporate travel not catching up?   Read the..
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Five Tips To Profit As Pent-Up Demand Finally Emerges

When Omicron hit in full force, the rate of RevPAR recovery (as a percentage of 2019) in January and February stepped down from December’s level as consumers cancelled upcoming trips in the short-term and delayed future travel planning. As a result, nationwide occupancies dipped to 84% of 2019 levels during the first three weeks of January 2022, compared to above fair share in certain weeks in December, based on STR data.
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Deciding Factors When Determining a Hotel Brand or Flag Change

Deciding Factors When Determining a Hotel Brand or Flag Change. COVID-19 has created a myriad of troubles for hotel owners—and sometimes trouble means opportunity. As the industry slowly rebounds, savvy owners may see this as a good time to evaluate their hotel brand flag. With over 350 hotel brands, there is little reason to stick..
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For New York City’s hotels, it’s the most critical time of the year

The struggle to return NYC’s hotel industry to its pre-COVID glory. Beyond the owners and stakeholders anxiously waiting for occupancy numbers to rebound to pre-pandemic levels, there are industry players such as hotelAVE, a consultancy made up of former hotel owners, operators, and financial professionals that provides asset management and advisory services to lenders and owners..
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Distressed Hotel Assets in the Americas post-COVID-19

Distressed Assets in the Americas post-COVID-19. One thing we can say with certainty is that it won’t be easy, nor even, and it will take some time. As with any prior major disturbances to the hospitality industry, there will be some winners and losers. With assets under management from Argentina to Canada, we at HotelAVE..
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Why Are Travelers Not Following The CDC’s Advice?

Many travelers are not following the CDC’s advice. Instead of staying home during the second wave of the COVID-19 pandemic, as the government recommends, they’re going on vacation, according to the latest numbers. This is what the CDC says: “Travel may increase your chance of getting and spreading COVID-19. Postponing travel and staying home is..
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How the Wisdom of 2020 May Make Travel Better in The Long Run

The conventional wisdom is that 2020 has nearly destroyed travel. And though it’s true that covid-19 ruined our vacations and took a wrecking ball to a large part of the industry, the conventional wisdom is wrong. “Actually, the pandemic is making travel better in many ways,” says Clayton Reid, CEO of MMGY Global, a marketing..
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What’s missing from pandemic-era travel? Plenty.

Since the pandemic was declared in March, safety precautions and protocols have become the stuff of everyday life — at home and on the road. For some, vacationing within the strictures of a public health crisis will be worth it; for others it won’t. We all want to get away, but it’s important to have..
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