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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.

ILHA Webinar Series explores trends coming out of COVID crisis

The International Luxury Hotel Association’s NorthEast Chapter webinar series takes a long view on how the luxury hospitality industry can rise out of the depths of the pandemic with strategies to reimagine operations, post-COVID protocols and recovery trends that offer insight into the future.

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.

Six Guidelines to a Sustainable Recovery for Hotels Post-COVID-19

It can be difficult to properly tackle the issue of sustainability in hotels, and COVID-19 has further complicated this topic. These guidelines can help you build the proper framework to achieve a sustainable recovery.

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.

Impact of COVID 19 Virus on Hotel Insurance Premiums. Are Refunds Possible?

Much has already been written about insurance issues arising from the Covid19 virus.

With many hotels closed throughout the world it’s inevitable that hotel owners/ investors are looking to their insurance policies for compensation under the Business Interruption section.