Distressed Hotels: Financial Restructurings and Bankruptcy
COVID-19 has been devastating for the hospitality industry. Hotel occupancy rates are still well below normal. While some lenders are still granting relief to borrowers, lenders increasingly have been foreclosing on properties…
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As the hotel industry looks to 2022, it can take comfort in 2021's robust leisure travel rebound.
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3 Biggest Global Hotel Markets Not Seeing Big Omicron Impact Yet
The latest data since the Omicron variant emerged isn’t showing any massive swings in global hotel performance, but that doesn’t mean all regions are selling out rooms.
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10 Ways Hotels Are Celebrating the Holidays
As the holiday season draws near, hotels are coming out with special programming, packages, and amenities to help their guests get in the holiday spirit and prepare for the New Year. From ice skating to horse-drawn sleigh rides, here are 10 ways…
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A Practical Guide to Hotel Appraisals
As hotel lodging performance continues to recover from the effects of Covid-19, there have been increasing signs that investors are again buying, selling or refinancing of hotel assets…
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HENDERSON PARK CREATES MANAGEMENT COMPANY
London-based PE firm Henderson Park has acquired the business and hotel management platform of Amaris Hospitality from LRC Group, London, and simultaneously launched a new dedicated hotel and asset management platform with 30 hotels called Klarent…
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SCHROEDER LEADS KEMPINSKI WITH MORE HUMILITY
Bernold Schroeder is bringing his Asian experience, driven by a great sense of humility and an owner’s perspective, to help stabilize Geneva-based Kempinski’s reputation in the luxury hotel sector…
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Rebranding distressed hotels takes more than swapping out signage
Stay-in-place orders, travel restrictions and cancellations intended to control the spread of COVID-19 caused a severe drop in hotel occupancy and revenue…
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5 Ways to Encourage a Speak Up Culture in Hospitality
As the Great Resignation sweeps across the globe, it doubles as a catalyst for hospitality leaders to reflect on workplace culture and environment. It brings a timely reminder that the market moves quickly and workplace adaptability is crucial…
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STR Reports Paris Leads Europe in New Year's Hotel Booking Levels
Lifted by the upcoming holiday season, hotel occupancy on the books is rising in Paris with a peak of more than 70% on New Year’s Eve, according to STR’s Forward STAR.
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HB Exclusive: 2022: The bridge year to re-igniting profitability in hospitality
There has been a tendency to focus on the negative over the past nearly two years, and rightly so. We’ve watched the trends, hoping our industry would bounce back more quickly than it has…
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Five proven methods to boost security at your hotel
As a hotel manager or owner, your primary goal in business is more than just operating at a profit. You also want to make sure that your guests have a safe and enjoyable stay while on your property, too…
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Hilton CEO Nassetta on Managing Through the Current Crisis
Many travel CEOs have talked about the opportunities that the Covice crisis brought about, but it will be some time before we see which ones actually took advantage of this period to improve things for their guests or other travelers…
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It turns out that the Golden Rule is a maxim hoteliers need to pay heed to when it comes to their own employees…
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Camping, glamping sector builds beyond pandemic popularity
Campgrounds, glamping sites, recreational vehicles and anything else that offered fresh air, physical distance and a decreased chance of cancellation due to Covid-19 regulations saw significant boosts in bookings in 2020…
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Business Travelers Say No to These Hotel Shortcomings
Face-to-face trade shows, client meetings and team gatherings are getting back on the schedule. As more business travelers hit the road, what can hotels do to welcome back these high-value guests and improve their experiences…
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Comment: Travel’s new normal is uncertainty
The industry must find a way to work around this unpleasant reality, says Steve Endacott . Like many in the travel sector, I had hoped the worst of Covid-19 disruption was behind us and we could look forward to a strong summer 2022…
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How to Properly Handle Fraud and Harassment Allegations in Hospitality
When it comes to responding to allegations of wrongdoing, few hospitality managers are adequately trained on how to respond.
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