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

Market in Decline? – It’s time to focus on fundamentals and implement these metrics and operational strategies to maximize financial performance during declining economic periods

Industry prognosticators continue to revise the U.S. lodging outlook downward. In a declining economic period like the one currently underway, hoteliers—including owners, asset managers, and operators—need to proactively develop and implement strategies that preserve both top and bottom lines, and best allow them to successfully navigate lean times. Here, we present and discuss a number..
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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..
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Hotel Business: A Sensible Strategy is Key in the Current Environment

ASSET MANAGEMENT  REPORT By Gregg Wallis Senior Editor A sensible strategy is key in the current environment NATIONAL REPORT-With analysts predicting that hotels will be working on tighter margins, asset managers will need to work harder for every dollar earned. “The current environment requires skilled asset managers, and will differ­ entiate the savvy asset managers..
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The changes experts think hoteliers should make in 2020

Article originally published in Hotel News Now The hotel industry upcycle has ended, and hoteliers share what changes need to be made in 2020 to adapt. REPORT FROM THE U.S.—As the hotel industry enters 2020 and leaves a record-setting upcycle behind, hoteliers recognize there is a need for making changes. The days of 6% revenue-per-available-room..
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