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Hyatt Debuts New Office for the Day Package, Offering Remote Workers a Much-Deserved Change of Scenery

Work from Hyatt: Office for the Day package is available at more than 400 participating locations across the Americas, starting at $65 per day with private workspace, exclusive wellbeing experiences, member benefits and more

Why a Backwards-Looking Trend Scan is Crucial for Long-Term Recovery in Meetings and Events

As we enter Q3, there is no question that the COVID-19 pandemic has significantly impacted businesses worldwide. Hospitality has already been singled out as having notably suffered from travel restrictions and lockdowns, but one could argue that meetings and events have it the worst.

Top Considerations for Hotel Balance Sheets Amidst COVID-19 and Beyond

Balance Sheets deserve more attention and are an often-overlooked financial statement. While it is the Operator’s responsibility to ensure accuracy, the simple fact that it isn’t tied to management fees means there is often little effort going into keeping it accurate.

How to Calculate and Monitor your Break-Even Point

As hotels begin to re-open, it is crucial that they’re mindful of their Break-Even Point (BEP) to understand their cost levels and to determine what RevPAR level is necessary to re-open. COVID-19 presented many challenges for hotels who are currently striving to merely break-even instead of maximizing profit as usual. While hotels usually aim for 35% occupancy threshold, many are hoping that COVID-19 cost reductions will lower the breakeven threshold.

Independent Hotel Owners should look at Integrating their Assets into a Portfolio

For hotel owners and investors, access to friendly capital, shared resources and additional capital appreciation provided by entering assets into a partnership – that famous “portfolio effect”, can these days be what stands between survival and losing control.