Global Asset Solutions | August 26, 2020
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 break-even threshold. How can a hotel understand when is the right time to resume operations? What occupancies and rates should they be aiming for? How has the pandemic effected the BEP considerations? Through calculating a hotel’s BEP, hotel asset managers are able to determine when is the optimal time for a hotel to reopen or if it may be better to remain closed until higher occupancy levels are...
Five Essentials For Present Day Hotel Operations
True North Hotel Group Appoints GM and DOS for AC Hotel by Marriott in Tuscaloosa, Alabama
WTTC Releases Major New Paper for Inclusive & Accessible Guidelines to Aid Global Travel & Tourism Recovery
Mumbai’s Rapid Hotel Recovery Faces Headwinds
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.