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

Managing the Total Hotel Investment – Strategies to Maximize Owner Returns

Hotel asset value and owner returns are influenced not only by cash flow from operations, but also by many other considerations. These include acquisition cost, capital expenditure requirements, capitalization rates, the amount and cost of debt, brand and operator encumbrances, physical condition, and upside opportunities. All of these factors must be actively managed within a..
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Challenging the Industry Standard Paradigm to Management Performance Tests

Hotel management agreements formalize the contract made between the hotel owner and the operator. They document the requirements, conditions and expectations placed on each party involved. Performance tests figure prominently among these.  They are included in hotel management agreements to protect an owner’s investment by allowing the owner to terminate the agreement in the event of poor performance..
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hotelAVE Recognized with 2019 Hilton Legacy Award

hotelAVE has been recognized with a 2020 Hilton Legacy Award for Hilton Garden Inn, Top Performer. The annual awards program celebrates owners and development partners in the Americas for contributions toward brand excellence and development efforts. Hilton recognized nearly 60 high performing owners and developers across 15 different categories.   The Legacy Awards recognize the..
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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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Asset managers weigh flexibility of brands, lenders (Article from HNN)

Asset managers weigh flexibility of brands, lenders (Article from HNN), by  Sean McCracken You can find original publication HERE.   With a majority of the Hospitality Asset Managers Association’s membership expecting greater than 50% declines in revenue per available room compared to their budgets this year, members of the association’s board said owners have some..
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Is Tourism open or closed? Your fault or their failure?

A big case of he said, she said: Tourism Industry Wobbles Is Recovery Doable? The elected and appointed men and women working in Washington, DC, spend most of their time pointing fingers at each other, creating mayhem, dissention, confusion and ultimately disasters, wrecking (perhaps destroying) the world economy. One of the biggest losers in this..
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Hotel Management, COVID-19, Government/Politics and You

COVID-19 has become our worst nightmare or our brightest star, it all depends on the part of the economy you call home. If your revenue stream relies on success in the hotel, travel and tourism industries, you may be seriously disappointed. Beginning in January 2020, this virus changed segments of the economy that are unlikely to fully..
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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..
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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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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..
Read More