Worldwide Hotels News, Hotel Industry & Hospitality News
We recommend that hotel groups, led by income management, embrace big-picture, macro-economic thinking. These teams should apply cyclical analysis to gauge the place they are and plan ahead accordingly. Faced with unprecedented challenges, hotels across the globe have navigated main disruption over the previous couple of years. Travel was impeded by the COVID-19 pandemic and the ensuing three years of lingering travel restrictions. At the same time, operations had been impaired by supply-chain challenges, labor shortages and growing gas prices. Last yr, the trade faced concerns of a looming recession, rising inflation, …
