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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

What worries owners, Operators about group business

Hotel owners and operators continue to reassess their business models as the industry continues to reel from COVID-19. During a webinar titled “Emerging strong: Shaping the future of travel and hospitality” presented by Dixon Hughes Goodman, executives discussed their outlook on corporate travel demand, their pivots in development strategy and their theories for how the..
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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 News Now: 5 Things to Know

Hotel News Now: 5 things to know: 19 March 2020 US RevPAR down 5% Chinese booking site predicts rebound Marriott outlines coronavirus response Analysts see risk for hotel REITs HotelAVE predicts five-year recovery period By the HNN editorial staff U.S. RevPAR down 32.5%: With the U.S. economy coming to a screeching halt amid con erns..
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HotelAVE Projects A Five-Year Recovery Period For Hotel Industry Post Coronavirus

By Hotel Business on March 18, 2020 PROVIDENCE, RI— Hotel Asset Value Enhancement (hotelAVE) released a study that estimated that it will take the hotel industry in the United States approximately five years to achieve pre-COVID-19 occupancies, revenues and profitability. In addition, the “hotelAVE COVID-19 Hotel Outlook” predicts that the pace of the five-year recovery..
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