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November 2020's Converge Newsletter
Group Sales and Event Contracting During (and After) COVID-19
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November 19, 2020 via ConvergeBlog
1. In The Beginning: February/March 2020
Certain challenges associated with group sales and event contracting have made the coronavirus pandemic that much more difficult for hoteliers, many of whom rely on large meetings, events and programs to generate profit. In particular, the concept of suspending or delaying performance during the pendency of a force majeure event—which might make sense or help parties mitigate their losses in other contexts–is not meaningful. Events either occur or they don’t; contracts must be terminated in their entirety. Beginning in February or March, groups cancelled or attempted to cancel event contract after event contract for events scheduled in April 2020 through February 2021. Much of this business had been on the hotels’ books for at least a year.'s ConvergeBlog
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Voluntary Chains vs. Corporate Soft Brand Chains: Which Branding Strategy Offers Hotel Owners More Value?

November 17, 2020 via Hospitality Net
...the purpose of this study is to identify through research of value propositions if a hotel owner will receive more value from affiliation with a voluntary chain or corporate soft brand chain and how individual value propositions of these brands compare to one another
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When Will Transaction Activity Return?

November 5, 2020 via Hotel Management

...4.8 million hospitality and leisure jobs have been lost since February. Occupancy rates are below 50 percent in many sections of the country. STR and Tourism Economics project revenue losses of 50 percent for 2020. The upshot is that owners, operators and brands have been working together to do what needs to be done with less income.
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Paycheck Protection Program Forgiveness

October 30, 2020 via Lodging Magazine

...the Small Business Administration ("SBA") published new guidelines targeted to making forgiveness applications easier on borrowers who received Paycheck Protection Program ("PPP") loans of $50,000 or less. This article concerns the latest Interim Final Rule ("IFR") published by the SBA on October 8, 2020.
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Mid-size In-Person Meetings: How They're Being Done

October 30, 2020 via Meetings Net

Two examples of October events that demonstrate the potential for a broader return to face-to-face. One not-so-secret strategy: using outdoor spaces.

Traveling businessman checks into a hotel during COVID-19 pandemic
Legal Concerns While Operating During The Pandemic
October 9, 2020 via Hotel News Now

As hoteliers continue to operate through the pandemic, employers must ensure they are keeping their staff and guests healthy and safe.

During the second online Hospitality Law Conference this year, medical and legal experts walked through a number of issues hoteliers face while operating during the coronavirus pandemic.
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