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

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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hotelAVE NYU Conference 2021 Takeaways

Unable to attend the 2021 NYU Conference? Check out hotelAVE Takeaways on NYU Conference! hotelAVE Takeaway #1: GREEN SHOOTS DRIVING CONFIDENCE STR forecasting nominal RevPAR recovery one year earlier – now 2023. Return of international travel, expected business and strong group pace bodes well for 2022. hotelAVE Takeaway #2: UNCERTAINTY IN UNDERWRITING RECOVERY AND INFLATION..
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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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Hotel Management Companies Versus Hotel Asset Managers – What’s the Difference?

Hotel operators have many responsibilities that typically center around “day to day operations”, including hiring and training employees, ensuring high guest satisfaction, defining operating procedures, complying with brand standards, complying with local laws, pricing rooms and other revenue sources, marketing the business, managing bank accounts, and purchasing operating supplies, to name a few.  While they..
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Hotel Asset Management: A Guide

While general real estate asset management has existed for decades, hotel asset management evolved as a specialization beginning in the early 1990s, and for good reason.  To maximize hotel real estate value, owners need hotel asset managers qualified un-biased advocates with specific expertise in hotel operations, real estate and capital markets. Interested in learning more..
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Beyond Benchmarking – A simple statistical approach to unlocking value in food and beverage pricing

When hotel managers determine the prices associated with room revenue, they apply a rigorous approach that draws on industry and market data. This allows hotel managers to optimize room pricing for their market, balancing supply, demand, services, and brand. Considering the rigor applied to room revenue pricing decisions, it is remarkable that the approach to..
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