While numerous lodging brands are available to hotel owners through franchises, new brands continue to emerge. In 2020, several new brands have been introduced, providing unique niches in the marketplace to meet the demands of both hotel owners and guests. This article reviews the brands announced in 2020 and considers how they are poised to operate during the current economic climate.
The 23 U.S. scheduled passenger airlines employed 6.7% fewer full-time equivalents (FTEs) in mid-April 2020 than in mid-March 2020
A hotels overall performance is the sum of its parts. Though the bulk of revenue is derived from the renting of rooms, there are other arrows in a hotels quiver that can generate cash flow, such as restaurants, bars, meetings and events, spas, golf, parking, retail and more. Therein lies the rub: COVID-19, for now, has all but vanquished these ancillary revenue streams, a blow especially to luxury and full-service hotels that typically offer these services.
While the future cannot be perfectly predicted, protectants can be put into place that provides the option of a favorable choice of action. The COVID-19 pandemic has put additional pressure on hotel owners and operators, which in turn has resulted in disunity during a critical period. It is times like these, that owners and operators find the terms of their Hotel Management Agreement (HMA), which they had made clear sense at the time, did not stand the test of time.
I was trained with the concept of the separation of duties as a foundation so in some respects I take it that everyone else has the same perspective. Recently I worked with a client that showed me just how far things can go awry when you put your trust in someone and you fail to have the proper separation and oversight.
Companies look to introduce domestic and essential travel
U.S. airlines carried 1.3% less cargo by weight in April 2020 than in April 2019 with a 15% decline in international cargo, according to preliminary data filed with the Bureau of Transportation Statistics (BTS) by 15 of the leading cargo airlines.
During the week of 7-13 June, U.S. hotel occupancy fell 43.4% to 41.7%, ADR declined 33.9% to $89.09 and RevPAR decreased 62.6% to $37.15.
Canadian hotel occupancy dropped 68% to 23.6% during the week of 7-13 June. ADR fell 39.8% to 108.23 Canadian dollars ($79.67) and RevPAR decreased 80.7% to CA$25.57 ($18.82).
New data shows consumer flight trends in a COVID-19 world