crisis recovery
Global Hotel Performance Moderates With Summer’s Close
HotStats | October 28, 2021
The cold hard truth is arriving with the chillier weather: global hotel performance has a ways to go before it's back to its former self. In the U.S., there is, however, cause for optimism. First, COVID case count: According to The Washington Post, new coronavirus infections in the country have dropped nearly 60 percent since a September spike due to the Delta variant. The seven-day average is also down some 58% since a mid-September infection peak. Coupled with a decreasing case count is the recent Biden administration decision to lift COVID-19 travel restrictions for fully vaccinated international visitors beginning November 8, a ...
Milestone Inc. Develops New Digital Recovery Framework to Accelerate Business Stability and Growth
Milestone Inc | June 17, 2020
Milestone Inc, a leader in omnichannel digital marketing software and services, announces a proven program to help businesses recover and rebound as the economy reopens. Born out of its Covid Crisis-Recovery-Growth framework and webinar series, the Recovery Framework redefines new steps in the marketing funnel before purchase to address the significant disruption the pandemic has had on consumer sentiment and the possibility of exposure. The new sub-steps include, 1. Building Confidence, 2. Building Demand, 3. Driving Conversions, and 4. Building Trust. “Businesses must play an active role in evangelizing confidence and safety and...
Building Your Post-Covid Welcome Back Package
Larry Mogelonsky | June 3, 2020
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) The hospitality world will reopen, but it will do so in a staggered manner. This means that once dates are given by governmental authorities, properties will all be scrambling for revenue from customers who now have a markedly different set of demands for their hotel experiences. So, while many are expecting a surge in bookings upon the announcement of a reopening, the competition will still be there, and you will nevertheless need ways to differentiate your hotel. One thought to help spur more initial reservations is the creation of the welcome back package that is bespoke to what ...
Tourism Tidbits: The Road to Recovery: The Rebirth of Tourism
Dr. Peter E. Tarlow | June 3, 2020
By Dr. Peter Tarlow June 2020 During the last three months, the travel and tourism industry around much of the world for the most part came to an almost complete halt. Three months later we now face the new task of moving from the shock of what was to creating a world of what will be. It now becomes all of our jobs to find ways for the travel and tourism industry to be reborn. In the immediate future this process of renewal means that tourism leaders, both in the public and private sector, will have to accept the fact that our world has changed and they will need to find new and creative ways to go from an almost total tourism stopp...
How COVID-19 Can Stimulate Healthier Hospitality Leadership
Petra Deuter | May 28, 2020
By Petra Deuter Much has already been written about how travel and tourism will be irrevocably changed by the coronavirus pandemic. Optimists and realists alike are focusing on more environmentally friendly ways of reaching our chosen destinations, more sensitive ways of considering local culture and more sustainable, ethical methods of sharing and distributing the financial benefits of tourism. But what about the hospitality and in particular the hotel industry itself? If there was ever a time for us to engage in honest, unflinching self-reflection, this is it. As travelers and vacationers are ready and willing to change their habits, ...
COVID-19 Recovery in the UK – The Importance of Domestic Demand
Stephen Collins | May 28, 2020
By Stephen Collins Like much of the world, the UK has been hit hard by the coronavirus, with more than 37,000 deaths and 265,000 confirmed cases as of 27 May and the highest number of attributed deaths in Europe (although fewer deaths per capita than Spain, Italy and Belgium). The pandemic has hit all areas of the economy, but the hospitality industry has undoubtedly been and will continue to be one of the worst affected. Fortunately, there is light at the end of the tunnel for the lockdown phase, and the focus of hoteliers is shifting from how to manage the closure to developing a sound reopening strategy. On Sunday, 10 May, Prime Mi...
CBRE Hotels Research Forecasts Full Demand Recovery by Late 2022
CBRE Group, Inc. | May 21, 2020
Revenue per Available Room Recovery Expected to Push Into 2023 Atlanta – May 21, 2020 – After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what is expected to be a relatively rapid economic turnaround in 2021 and 2022, according to the June 2020 edition of CBRE’s Hotel Horizons forecast report. CBRE foresees demand for U.S. lodging accommodations returning to precrisis levels in the third quarter of 2022. However, a lag in ADR (average daily rate) growth will stall the recovery in RevPAR (revenue per available room) until 2023. “Th...
Karisma Hotels & Resorts Kicks Off ‘Holidays for Your Heroes’ Initiative With Donation of 150 Resort Stays to Essential Workers and Their Fam
Karisma Hotels & Resorts | May 14, 2020
MIAMI, FLORIDA (May 7, 2020) – Karisma Hotels & Resorts, the award-winning luxury hotel collection with properties in Latin America, the Caribbean and Europe, today announced its Holidays for Your Heroes initiative donating 150 luxury all-inclusive resort stays to essential workers and their families through its Karisma Foundation and partners. The vacations provide heartfelt thanks for the tireless work of those in the healthcare, delivery and other frontline industries, giving them something to look forward to, in addition to much-needed rest and relaxation. Karisma has opened a public call to nominate everyday heroes who are deservi...
