The COVID-19 crisis is far from over. How long the crisis remains is still an unknown.
As many states are taking steps to reopen their marketplaces, government leaders and business owners may want to look to the hotel industry for some best practices. While nearly 20 percent of the nation’s 57,000 hotels have closed, according to reports, the rest have remained open throughout the pandemic.
Despite that, owners and operators know life will never go back to way it was before the crisis.
Never before has innovative thought mattered more than during the current coronavirus pandemic.
In this episode of Lodging Leaders podcast, we talk to Mitch Patel, CEO of Vision Hospitality Group, which kept its 40-some hotels open and is trying to figure out what the hospitality business will look like in the coming months and years.
We also talk to John Hardy, CEO of The Hardy Group, a hotel development consulting company with offices all over the world. The company sponsors an annual event called Radical Innovation that spotlights new designs and business methods.
And we hear from Adam Harris, co-founder and CEO of Cloudbeds, who stresses the importance that strong fundamental business practices play in a comeback.
Resources and Links
CHMWarnick and Pinnacle Advisory Group in April announced their decision to strategically align their businesses and bring more services and solutions to a hotel industry still in the throes of the coronavirus crisis. While properties in many markets are experiencing a business revival led by leisure travel, many others continue to work their way out of a maze of financial challenges. Lodging Leaders explores the partnership and what it signals for the industry as it pushes toward a post-pandemic recovery.
Frances Kiradjian understands resiliency. The Los Angeles businesswoman founded Boutique & Lifestyle Leaders Association 12 years ago at the dawn of the Great Recession. Today, the association boasts hundreds of members from all over the world and is the hallmark for independent boutique lifestyle hotels. During the pandemic year 2020, Kiradjian watched boutique hoteliers dig deep for creativity, operational courage and a positive outlook as the hotel industry quickly spiraled into crisis mode. Episode 325 of Lodging Leaders podcast features Kiradjian in the third and final installment of its series on independent hotels doing business amid the coronavirus crisis.