COVID-19 Pushes Hospitality Industry to the Edge: Key Considerations for Stakeholders

Todd Soloway | March 13, 2020

By Todd Soloway As reports of confirmed Coronavirus cases increase, travel bans and mass quarantines go into effect, and citizens across the globe avoid all nonessential travel, the hotel industry is being hard hit. Without exaggeration, owners, managers, and brands that were already struggling, and even those that were not, may face existential decisions. To aid in addressing the myriad of issues, we have compiled a series of key points that any stakeholder should consider in navigating and evaluating the difficult decisions that lie ahead.  Cost Cutting: Can Vendor Contracts Be Modified, Suspended or Terminated? Hotels are being i...