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Global supply chain gangs work to keep hotel goods moving

Coronavirus Special Report: Hotel industry navigates health, economic threats
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  • Global supply chain gangs work to keep hotel goods moving
    CORONAVIRUS
    April 3, 2020

    Global supply chain gangs work to keep hotel goods moving

    In a recent report, Deloitte asks if the new-coronavirus pandemic is the black swan event that will force companies to reexamine the global supply chain. The U.S. hotel industry’s procurement specialists are dealing with a mixed bag. Some are scrambling to get supplies to properties that remain open while others see hotel development and renovation projects moving along as brands opt for Plan B in obtaining design-standard FF&E. In this episode, Lodging Leaders continues its Special Report on the Coronavirus by examining the crisis’s impact on the hotel supply chain.

  • 262 | Strongest Link: Hotel procurement specialists keep supply chain connected
    CORONAVIRUS
    April 3, 2020

    262 | Strongest Link: Hotel procurement specialists keep supply chain connected

    The coronavirus pandemic has disrupted the global supply chain. With most whole goods and components coming from China, the U.S. hospitality industry began to scramble in January to keep the supplies coming. Manufacturing has resumed in China as the crisis has reportedly eased there, but the outbreak has yet to reach its peak in the read more

  • Hotel Sales Brokers See Caution Signs
    CORONAVIRUS
    April 1, 2020

    Hotel Sales Brokers See Caution Signs

    The coronavirus crisis has paralyzed much of the U.S. hospitality industry. One area that also is reflecting the shock is the hotel transaction market. While deals that were financed will probably close as planned, other agreements are put on hold as lenders stop underwriting and both buyers and sellers have a heightened level of caution in such an uncertain time. This report is part of Long Live Lodging’s ongoing Special Report on the Coronavirus and its impact on the hotel industry.

  • 261 | Let’s Make a Deal: Coronavirus crisis alters hotel transaction landscape
    CORONAVIRUS
    April 1, 2020

    261 | Let’s Make a Deal: Coronavirus crisis alters hotel transaction landscape

    The U.S. hotel industry has practically grinded to a halt in the wake of the coronavirus crisis. As Lodging Leaders shared in our previous report, Episode 260, hotel business performance has declined to unprecedented levels. Another area of the industry that the COVID-19 pandemic is impacting is hotel transactions. Properties remain on the market, but read more

  • U.S. Hotel Industry in a ‘Free Fall’
    CORONAVIRUS
    March 30, 2020

    U.S. Hotel Industry in a ‘Free Fall’

    Oxford Economics reported last week that the U.S. economy is in recession. The nation’s travel and tourism industry, hit hard by the global COVID-19 pandemic, is the leading cause of the decline in the nation’s GDP. In this report, the seventh in Long Live Lodging’s Special Coronavirus Report, hotel industry analysts clarify the impact the coronavirus crisis is having on business performance in the U.S. The data from China offer a glimmer of hope at the end of a long, dark tunnel.

  • 260 | Startling Statistics: Industry analysts stunned at depth of downturn
    CORONAVIRUS
    March 30, 2020

    260 | Startling Statistics: Industry analysts stunned at depth of downturn

    Last week, several hospitality-focused analytical companies released data that specifically show how the coronavirus pandemic is decimating the U.S. hotel industry. The picture they paint is grim. And – though experts say they believe the industry will eventually resurge – the months ahead will be hard. In this report we review reports from STR, CBRE read more

  • Marketing to a Captured Audience
    CORONAVIRUS
    March 27, 2020

    Marketing to a Captured Audience

    As the nation weathers the COVID-19 crisis, hotels can make the most of a bad situation by finding ways to serve their communities. During this time, say hospitality marketing experts, building trust among consumers is more important than ever. By sharing their acts of kindness and compassion hotels can shape a message that reassures the public the hospitality industry has their back.

  • 259 | Trust Factor: Hotels can channel the right message during the coronavirus crisis
    CORONAVIRUS
    March 27, 2020

    259 | Trust Factor: Hotels can channel the right message during the coronavirus crisis

    While many of the country’s 57,000 hotels have closed during the coronavirus pandemic, owners and operators are spending limited resources and a whole lot of time on retooling their property systems and deep cleaning rooms and public areas. They want to be ready when the nation starts traveling again. And that’s a message that needs read more

  • COVID-19 Capital Stack Warning
    CORONAVIRUS
    March 25, 2020

    COVID-19 Capital Stack Warning

    As hoteliers struggle to keep some remnant of their hotels operating, finance advisers issue a caveat emptor. SBA emergency loans are useful in crisis but only if certain elements are in place, says Dave Shah founder of Pineapple Capital Group. Paul Darrow of PHD Financial reminds prospective small-business borrowers the loans will have to be paid back. Both experts say business owners should review their cash flows and ability to take on more risk before signing any new loans or revised financing documents. In Episode 258, Long Live Lodging examines what financial solutions are available to hotel owners during the crisis, including the SBA emergency loan programs.

  • 258 | Cash in a Crisis: SBA launches COVID-19 loan program, but experts urge caution
    CORONAVIRUS
    March 25, 2020

    258 | Cash in a Crisis: SBA launches COVID-19 loan program, but experts urge caution

    Dave Shah grew up in his family’s hotel and watched his parents and other hoteliers struggle to stay in business during the Great Recession. He thinks the economic situation for hoteliers during the COVID-19 crisis is growing worse than that time. Shah founded Pineapple Capital Group five years ago to help hotels and other small read more

  • HOSPITALity in the age of COVID-19
    CORONAVIRUS
    March 23, 2020

    HOSPITALity in the age of COVID-19

    As hotels in the U.S. are forced to dramatically scale back operations or close altogether because of the new-coronavirus pandemic, government officials are looking to use the empty rooms to fight the spread of the virus or find a place for patients recover. Meantime, hotel operators are taking a fresh look at cleaning procedures to assure guests both now and in the future that their properties are focused on the health and safety of guests and employees. Read our blog that tells the steps California is taking to lease or buy hotels and compensate owners.

  • 257 | Hotels Become Hospitals: Government takeover of lodging leaves big questions for owners
    CORONAVIRUS
    March 23, 2020

    257 | Hotels Become Hospitals: Government takeover of lodging leaves big questions for owners

    As hotels in the U.S. are forced to dramatically scale back operations or close altogether because of the new coronavirus pandemic, government officials are looking to use the empty rooms to fight the spread of the virus or help patients recover. Meantime, hotel operators are taking a fresh look at cleaning procedures to assure guests read more

  • ‘A World of Hurt’
    CORONAVIRUS
    March 20, 2020

    ‘A World of Hurt’

    Cecil Staton has had his hands full to say the least. He has been at the helm of AAHOA, the world’s largest hotel owners association, for just four months. The new coronavirus outbreak and its devastating effect on the travel industry has hotel owners turning to him for solutions. In today’s episode, Staton shares his views regarding the
    “heartbreaking” decisions owners are having to make in the face of steep business losses and what AAHOA is doing to guide them through the troubled waters

  • 256 | What’s a Hotelier To Do? AAHOA’s Cecil Staton on the industry’s ‘dark times’
    CORONAVIRUS
    March 20, 2020

    256 | What’s a Hotelier To Do? AAHOA’s Cecil Staton on the industry’s ‘dark times’

    Cecil Staton has had his hands full to say the least. He has been at the helm of AAHOA, the world’s largest hotel owners association, for just four months. The new coronavirus outbreak and its devastating effect on the travel industry has hotel owners turning to him for solutions. This is the third installment of read more

  • Hotels Fight Job Cuts
    CORONAVIRUS
    March 18, 2020

    Hotels Fight Job Cuts

    Debbie Brown worked in human resources at Four Seasons Hotels for 40 years. Now an independent hospitality consultant, Brown said hotel owners and operators are faced with having to reduce their workforces as the new coronavirus cripples the travel and tourism industry. Meantime, hotel CEOs on Tuesday met with President Trump to lobby for $150B in aid.

  • 255 | Workforce Woes: Hotels try to avoid layoffs
    CORONAVIRUS
    March 18, 2020

    255 | Workforce Woes: Hotels try to avoid layoffs

    Seemingly overnight, the new coronavirus pandemic has dramatically curbed travel in the U.S. Hotels are feeling the pain as occupancies dropped to historic lows, in some cases down by 80 percent. The American Hotel and Lodging Association on Monday reported major hotel managers said they’ve laid off or furloughed one million employees. Long Live Lodging read more

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