In 2020 and 2021, U.S. hotel operators did a praiseworthy job controlling expenses to offset the significant declines in revenue.
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Hospitality Newsletter | Insurance & Loss Prevention
Via Lodging Magazine | image: cartoon businessman balancing on percent sign while holding an umbrella in one hand and a large coin in the other Hotel Insurance: A Largely Uncontrollable Cost

In 2020 and 2021, U.S. hotel operators did a praiseworthy job controlling expenses to offset the significant declines in revenue. Based on data from CBRE’s Trends in the Hotel Industry survey of annual operating statements from thousands of properties across the United States, not only have we seen a reduction in the variable expenses associated with the drop in business volume (i.e., occupied rooms, restaurant covers), but also in cuts among what were previously thought to be fixed expenses.

During this time period, insurance costs were out of operators’ control. Per the 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI), insurance expenditures are classified as a non-operating expense and reported on the summary operating statement below gross operating profits. The insurance expense line item includes property insurance for building, contents, and business income from all perils, as well as general liability and excess liability insurance. The insurance expense category does not include workers’ compensation insurance, which is allocated to the operated and undistributed departments.'s ConvergeBlog
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Image: pink porcelain piggy bank under a red umbrella | See What's New: Industry Trends, Blog Updates, And More
panic button against white background
Hotel Panic Button Compliance in 2022: What You Need To Know

March 30, 2022 via HospitalityNet
With compliance dates unlikely to be awarded further deferral, hoteliers must get well acquainted with the legislative requirements faced by their hotel. With this in mind, we’ve compiled a list of many of the states currently impacted by panic button legislation and senate bills.
close up of do not disturb sign on hotel room door
Risk Management and the Prevention of Human Trafficking

March 4, 2022 via Hotel Management

Hotels and motels can be especially attractive locations for trafficking...Because of the elevated risk in these locations, it is imperative that staff members are taught how to recognize the signs and trained on appropriate next steps.
a big hand holding big umbrella in rain protecting people employees working in office and at home
Preparing for Less Risky Business: What Hoteliers Need to Know to Secure the Right Insurance Coverages

March 16, 2022 via Lodging Magazine

Now that the COVID-19 pandemic has revealed an exposure few had seriously considered in their risk management programs before, it should come as no surprise that enterprising insurance providers have responded with new products.
Via eHotelier | image: digital circuity surrounding a digital lock | Data Privacy Matters in the Hotel Industry
Data privacy matters – period. As companies (including hotel chains) collect more and more personal data from consumers for marketing and research purposes, consumers are becoming increasingly concerned with data privacy and data protection. They want control over their data and they want to know exactly how it will be used. With legislative changes giving consumers more rights over their personal information, hoteliers need to both know the law and understand why data privacy is so important to hotel guests. Let’s take a look.
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