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John Paulsen, Senior Vice President at hotelAVE, shares key insights from a recent industry survey on current trends affecting hotel operators: Tariff-related planning challenges: “Tariffs in particular make planning and budgeting difficult.” Uncertainty in corporate travel: “There’s a little bit of uncertainty from a business perspective, and we’ve seen that with corporations being like ‘Do..
Hotel Owners Start to Write Off San Francisco as Business Nosedives. San Francisco’s once thriving hotel market is suffering its worst stretch in at least 15 years, pummeled by the same forces that have emptied out the city’s office towers and closed many retail stores. Read Full Article..
Business Hotels Face Increased Default Risk in Uneven Travel Recovery. Some hotel owners who survived the pandemic are seeing that the travel rebound may not persuade lenders to offer new credit as their debts mature. Leisure travel has improved since last year, but hotels with big meeting spaces relying on business trips and conferences are..
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..
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..
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..
Revenue management technology, data and tools can be overwhelming, especially for hotel owners. Hotel owners often ask asset managers what they must do to stay relevant and even participate in their hotel’s revenue management strategy. They want to know to what extent they should be involved or what their role is, as an owner, in..
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..
