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 U.S.
As COVID-19 continues its rampage across the country, factories are closing or retooling to make medical supplies.
It’s a fluid situation that changes day by day and hospitality procurement specialists have been working to stay ahead of the COVID-19 wave and find manufacturers and suppliers that can deliver goods to hotels throughout the country.
In this episode, which is part of Lodging Leaders’ special report on the coronavirus crisis and its impact on the U.S. hospitality industry, we interviewed Alan Benjamin, a procurement specialist with Benjamin West, and Darlene Henke, a shipping and logistics expert with Audit Logistics.
We also feature sound bites of Anu Saxena of Hilton Supply Management who participated this week in an AAHOA webcast.
Resources and Links
Lodging Econometrics has tracked the hotel industry since 1998. Its global database includes new-hotel pipelines as well as renovations and brand conversions. Hotel franchisers once eager to launch new brands are focused on converting existing hotels because it’s a faster way to recover revenue lost to the COVID-19 pandemic than through new construction. In Episode 346, Lodging Leaders explores the increasing number of conversions in the U.S. hotel industry and what owners and operators need to consider before repositioning an asset.
In the first few months of the COVID-19 pandemic in the U.S., financiers anticipated a swell of distressed hotel businesses. Some raised rescue funds to respond to what they thought was a pending crisis. Though there are financial rescues taking place, the level of such activity is far below what industry advisers and fund managers expected. Commercial real estate investors positioned to act in the early days of the pandemic held off and are now just beginning to unleash their cash hoards totaling billions of dollars. Episode 345 of Lodging Leaders podcast explores the state of capital investment in the hotel industry.