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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..
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..
April 3 2020 – Michelle Russo joined a panel of industry experts to discuss to discuss COVID-19 and its impact on the hospitality industry. View the entire webinar HERE. Listener Follow Up Questions: Do you foresee consolidation/acquisition activity in the industry during this challenging climate? Alan Benjamin: Of course, in all times of disruption there..
hotelAVE announces the release of our Special Edition COVID-19 Dashboard. Stay up to date on current hospitality data and the impact the virus is having on our industry, all in one place, view for yourself today. Access the hotelAVE Hospitality Dashboard
April 2, 2020 – In Episode 3, David Israel joins host of Wake Up Call, Sean Cohen, and President of Alice, Alex Shashou, to discuss how the hotel industry could operate more cost effectively, efficiently and with far fewer people. Link to Episode HERE.
Hotel Industry Update: The Daily Lodging Report for 3/22/20 The volatility continued on Friday as the DJIA fell 914 points, Nasdaq was down 271, the S&P 500 fell 105 points and the 10 year treasury yield fell below 1% again, down .18 to 0.94%. Lodging stocks were mostly higher but the volatility has not been..
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..
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..
