On the night of October 1, 2017, Stephen Paddock opened fire on concertgoers from a window he broke at the Mandalay Bay Resort and Casino. It was the deadliest shooting in modern US history. The incident claimed the lives of 58 people and injured 489 others. What does this hold for the hotel industry outlook for…
Customers are the lifeblood of a hotel. Aside from bringing in much-needed cash that keeps the business going, past customers recommend your hotel to their family and friends. This in turn helps your hotel business gain more bookings and revenues. So, if you own or manage a hotel, you need to find ways to grab the attention…
The Trump International Hotel and Tower in Ontario has failed to make a profit despite being located at the heart of the city’s financial district. Although the hotel bears the name of the current US president, he did not develop the property nor does he own it. A real estate company called Talon International Development…
If you’re in the hospitality industry, you’ll probably use interim hotel management services at least once in your life. These services are excellent if you’ve just bought a hotel and need a temporary manager to run it while you’re putting your own staff together. They’re also ideal if you currently own a hotel but don’t…
Many investors think that hotels are out of their league. But, if you feel the same way, take note that this isn’t really the case! With some assistance from interim hotel management and hotel consultants you can rest assured in your new investment. Plus, putting money in hotels is something that every investor should consider…
The hotel industry has never been as booming these days, with more and more people travelling, not to mention the millennials who are looking for hotel accommodations where they can both work and play. With that, hotel owners can agree that their business is highly profitable if managed correctly. However, if there will be challenges,…
In early June 2016, Brexit had not yet happened and Donald Trump wasn’t yet hailed as the leader of the most powerful nation on earth. The hospitality industry was doing fine and was actually experiencing growth. It was also during the NYU International Hospitality Industry Investment Conference that data from STR and Tourism Economics showed…
The hotel construction industry changes every year as existing styles get outdated and new trends become all the rage. For 2016 and beyond, a new set of “must-haves” have emerged and are making huge waves throughout the country. Whether you’re planning to enter the hotel business or you’re already a part of it, our hotel…
Buying and selling a business is, many times, chaotic in and of itself. But it becomes even more pronounced when buying or selling a hotel. This comes from the fact that the staff — from the most senior managers to the rank-and-file — have to adjust to the changes that take place while still catering…
Running a hospitality business is one of the most rewarding jobs in the world since you get to help people have a fantastic vacation, dinner, or just a night out with friends. Unfortunately, the nature of the industry exposes you to many lawsuits that could be costly to fix and may even permanently damage your…