Research conducted by the global tourism body shows the impact of COVID-19 to the U.S. economy in 2020 and states the return of international travel will open a pathway to recovery.
The landscape continues to change rapidly and while no one can say with any degree of certainty where everything will land, we are starting to see the shape of things to come. Here are changes that the new normal is likely to bring forward in the hotel industry for owners and operators.
There is tremendous value in slowing down and dedicating the time to take stock of where you’ve been and where you’re going; providing clarity for you and everyone who relies on your direction. Only after that can you put together a set of goals that will keep you and your team focused and prepared as soon as the “new normal” starts.
Analysts at Lodging Econometrics report that at the end of the first half of 2019, China’s total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown.
Four Seasons commits to sourcing cage-free eggs across global operations by 2025
Farwell has more than 26 years working with Hyatt Hotels as general manager for various properties across the country