With the advent of the COVID-19 pandemic in the U.S. in early to mid-March 2020, hotel owners and managers watched demand for their rooms suddenly evaporate. Since then, tough decisions have been made regarding whether to remain open or temporarily suspend operations. Hotels that have temporarily suspended operations now need to decide when to reopen. This article addresses the considerations to be weighed in this process and provides one example of the calculus for a hypothetical hotel.
The survey discusses COVID-19 pandemic and its unprecedented impact on the Bangkok hotel market on a property level, the survey focuses on hoteliers’ point of view on contingency measures, business strategies, signs of recovery, and comparison between pre and post COVID-19.
May 7, 2020
ByPawinee Chaisiriroj ,Apichaya Wongsuwan ,Daniel J Voellm
While the pandemic is anticipated to prolong, hotels should start to draw up plans in preparation for a recovery. In the meanwhile, it is the perfect time to relook into operational strategies, cost-saving initiatives, refurbishment, marketing distribution channels, staff training and technology upgrade.
The purpose of the questionnaire is to gather responses on the impact of COVID-19 including the measures taken during COVID-19 and in preparation for post COVID-19 in the hospitality industry across Asia Pacific.
What realistic choices does a bank have in handling anything from short-term loan modifications through major troubled debt restructuring without ultimately dealing with the adverse effects related thereto? And, as an alternative, does a lender really want to fight through a foreclosure process and likely Chapter 11 counter filings by the borrower?
COVID-19 has held the world hostage. Life and work as we know it came to a standstill in the first quarter of 2020. The hospitality industry is amongst the hardest hit. This article looks beyond the current status quo as to the reasons why we consider that the German hotel market is in pole position in the race for recovery in Europe.
COVID-19 haelt die Welt in Atem. Unser taegliches Leben wurden auf den Kopf gestellt in der ersten Haelfte von 2020. Die Hotellerie and das Gastgewerbe sind am schwersten betroffen. Dieser Artikel schaut ueber den Tellerrand der momentanen Situation und analysisiert, warum der deutsche Hotelmarkt im europaeischen Vergleich gut fuer eine Recovery aufgestellt ist.
Social distancing has become the new normal in today's COVID-19 world and hotels need to re-evaluate and update their SOPs to quickly adapt to this change. This document will help hotels in the planning process for the formulation of COVID-19 related SOPs.