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Almost a full year into the COVID-19 pandemic, the hotel industry continues to see drastic changes.
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Delivering Legal and Risk Management Solutions to Lodging Development & Management Executives

December 2020
 
HospitalityLawyer.com's Converge Newsletter
 
 
Five Things Hoteliers Should Know About Maintaining Business During the Pandemic
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December 15, 2020 via Lodging Magazine
Almost a full year into the COVID-19 pandemic, the hotel industry continues to see drastic changes. To survive, hotels that are welcoming back guests have had to implement creative and comprehensive strategies just to maintain business. With the uncertainty of the winter season looming, Brain Bolf, senior vice president of revenue management at Sightline Hospitality, shares his recommendations for hoteliers looking to make the most of the upcoming travel season.

1. Offer flexibility.
According to Bolf, flexibility will be key to attracting—and retaining—guests in the months ahead. "Similar to what we’ve seen with airlines, prime carriers have relaxed their change fees trying to promote confidence in travel, provide people with more flexibility, and reduce their concerns. So, I see that continuing and expect leisure travel to expand into the fourth quarter and even into 2021."

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US Hotel Industry Forecast Adjusts in Response to COVID-19 Winter Surge and Anticipation of Vaccines

December 15, 2020 via Hospitality Net
The recent surge in COVID-19 infections has dampened expectations for U.S. hotel performance through the first half of 2021, but news of effective vaccines has bolstered projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE's latest hotel forecast.
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One Way that Vaccines Will Make Planners’ Jobs Harder

December 14, 2020 via MeetingsNet

For a long time to come, meeting attendees will be a mix of the vaccinated and the unvaccinated—and questions remain about whether vaccinated people can carry the virus without getting sick but transmit it to others.
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When to Consider an Open-Bid Auction or Sealed-Bid Sale to Liquidate a Lodging Asset

December 10, 2020 via Lodging Magazine

Given the increasing need to exit distressed properties in a timely manner, sellers may soon make greater use of accelerated sales than ever before. Below are some of the features and potential benefits of such methods.
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How Hotels Can Develop a Dynamic Budget for COVID-19 and Beyond

December 8, 2020 via Hotel Management
By leveraging a proactive (instead of reactive) budget strategy tailored to the state of the pandemic, hotels can develop the financial flexibility necessary for navigating a rapidly changing industry landscape.

 
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Human Response During Fire Events: Evidence from Behavioral Research
November 21, 2020 via ConvergeBlog

When serious fires involving fatalities and injuries occur in buildings where many people are gathered, such as in hotels and other hospitality environments, they receive much public attention. Undoubtedly, it is the responsibility of the industry to prevent, or deal effectively, with fires on their premises, and protect the occupants. Nonetheless, the understanding of human behavior during fire-related incidents can be a valuable tool in developing fire safety measures. Case studies of human behavior in building fires show people do not behave according to assumptions that are the basis of most fire safety measures.
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