Too often, the quantification of risk is left to hunch, intuition and gut feel or at best a “sensitivity analysis” or a “best-case. worst-case” analysis. Without a probabilistic estimate of risk, the estimate of a risk-adjusted return is problematic.
Individual traveller risk assessment will avoid exporting the virus International consensus needed on the metrics to assess risk.
Hotels security: Read these expert strategies to keep your hotel safe by leading hotel security expert, Stefan Vito Hiller.
The six month growth rate of HIL, a long-term growth predictive analytic which confirms the underlying cyclical behavior in the growth of US hotel business, has consistently slowed down in the last thirteen months, hitting an annual growth rate of 0.1% in April from a high of 5.9% in February of 2015.
Hotel management and staff need to be more security savvy and better prepared to prevent criminal activities.
Guests, staff and even hotel investors need reassurance that they are going to be safe and secure, so hoteliers must work to minimising risk through ensuring that their property’s safety and security procedures are as robust as possible.
When it protects the hotel brand, prevents the loss of hotel assets or guest property, when it prevents one single fire incident in the building, when it prevents one single accident, prevents an injury, prevents one death, the investment in a Risk Assessment is certainly worth it.
Never miss a trend.