Pricing Coverage + Child Labor Law Compliance + Today's Buzz + Union Elections + Requested Pronouns + Data Breach

October 2023 / View this email in your browser.

text: Via CoStar image: Calculator with wooden house and stack of coins text: Insurance Carriers Have Taken a Firmer Stance In Pricing Coverage for Hotels

Compounding factors, such as recent weather patterns and inflation, are leading to higher insurance costs and downward pressure on hotel owners across the U.S.

Sam Makani, vice president of strategic operations at Mission Hill Hospitality, a real estate private equity company based in Denver, said in an email interview that the insurance environment is much more cautious and prudent in pricing than it was pre-pandemic.

Recent natural disaster events, such as hurricanes and tropical storms, have led to the increased discretion in pricing, he added.

"We’re seeing that increasing insurance costs are becoming a major topic when reviewing fixed-expense budgeting. We’re continuing to monitor the coastal markets, in particular," he said.

Hospitality Law: Managing Legal Issues in the Hospitality Industry, 5th Edition

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Electrical Safety Checklist

This checklist provides a list of suggested actions to take in order to properly maintain your electric system and mitigate hazards or accidents from occurring on your property.

This checklist is currently only available in English, but a Spanish version will be added later this month - find it on the Forms, Checklists, and Procedures page!

Ensuring Child Labor Law Compliance Amid Growing Scrutiny

via HL Blog

Given this increased attention on the issue of compliance with child labor laws, employers should review their employee roles and practices to ensure they are in compliance with federal and state law in this area.

technology in business in the digital age, enhancing global business capabilities

What’s The Buzz Among Today’s Hoteliers?

via eHotelier

What’s on the minds of hoteliers? What’s keeping them up at night? And what makes travelers happy and eager to return? Some of the best places to have these candid discussions are at the industry’s conferences and events, and this year’s lineup has not disappointed.

Hand posing an envelop in a ballot box for

What the Labor Board Decision on Union Elections Means for Hoteliers

via CoStar

A recent decision by the National Labor Relations Board on union elections and bargaining orders could have a significant impact on how hoteliers respond to unionization efforts at their properties.

Woman holding chalkboard with list of gender pronouns near color wall

Using Employees’ Requested Pronouns: It’s About Dignity, Respect and Minimizing Legal Risks

via HL Blog

As employers strive to create inclusive and compliant workplaces, you should note that using an employee’s requested pronouns not only conveys respect but also helps you stay in compliance with anti-discrimination laws.

Via Lodging image: bedbug crawling on quilt Staying Vigilant: Housekeeping's Role in Creating a Bed Bug-Free Haven

Nearly 31 percent of hospitality organizations have reported a data breach in their company’s history, of which 89 percent have been affected more than once in a year, according to a report by Cornell University and FreedomPay. While the average cost of a hospitality breach ($3.4 million) is lower than the cross-industry average ($4.4 million), the reputational impact can cause significant harm to the bottom line due to the highly competitive nature of the industry.

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