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
Extended-stay hotels are weathering the coronavirus crisis better than their transient cousins, according to reports. The Highland Group’s half-year report shows economy and mid-priced extended-stay hotels are faring better than upscale extended-stay accommodations. Second-quarter earnings reports from companies such as Extended Stay America prove the resiliency of the sector, especially when sales teams shift their focus to new prospects such as college students, leisure travelers who value the kitchen and essential workers in it for the long haul. Long Live Lodging examines what gives extended-stay its muscle in a weak economy. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hotel industry.
Almost overnight, the roadside motel is a hot commodity. Travelers are going by car and when they stop they want the safest stay possible. The coronavirus pandemic has pushed health and safety to the top of hotel guests’ most-favored-amenity list and exterior-corridor properties appear to provide more of a risk-free stay than their interior-corridor cousins. Long Live Lodging examines the new shine travelers have put on exterior-corridor motels during the COVID-19 crisis and how brands heavy with motel-style properties are responding to the trend. This report is part of Long Live Lodging’s ongoing coverage of the coronavirus crisis and its impact on the hotel industry.