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Lodging 10/30/2020 10:14
Earlier this month, the Small Business Administration (“SBA”) published new guidelines targeted to making forgiveness applications easier on borrowers who received Paycheck Protection Program (“PPP”) loans of $50,000 or less. This article concerns the latest Interim Final Rule (“IFR”) published by the SBA on October 8, 2020. Elimination of Certain Loan Forgiveness Penalties The most significant aspect of the IFR is that the SBA is waiving certain forgiveness reduction penalties for certain smaller PPP borrowers who […]. .
Lodging 10/30/2020 09:35
According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline declined slightly at the close of Q3 2020 to end the quarter at 277 projects/35,836 rooms. The construction pipeline in Canada is down 4 percent by projects and 7 percent by rooms, year-over-year (YOY). Projects under construction stand at 87 projects/10,321 rooms, up 2 percent by projects with no percentage change by rooms YOY. Projects scheduled to start construction in the next 12 months […]. .
Lodging 10/30/2020 09:16
On the last day of CYBER HITEC 2020, in a panel titled “How Women in Hospitality Technology Shape the Industry,” four female hospitality and technology experts shared their journeys, achievements, and challenges from their careers. Led by Devin Thiele, a business intelligence analyst for Datavision Technologies, the panelists included: Anja Luthje, founder and CEO of Unique Hospitality Solutions; Mercedes DeLuca, CIO of Pebble Beach Company; Peggy Berg, chair of Castell Project, Inc.; and Yvette Vincent […]. .
Lodging 10/29/2020 10:57
“Labor is an investment and not an expense.” That was among the key themes of a virtual session led by Del Ross, chief revenue officer for Hotel Effectiveness, during CYBER HITEC on October 27, 2020. During the presentation, Ross reviewed traditional methods of labor planning and management and how a more data-driven approach can help hotel owners and operators deliver the same quality service more efficiently to achieve cost savings among other benefits. “Labor represents […]. .
Lodging 10/29/2020 10:14
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy fell back below the 50 percent mark, according to the latest data from STR for the week of October 18-24, 2020. During the previous two weeks, occupancy hovered above 50 percent for just the second time since March; the first time nationwide occupancy surpassed 50 percent since the pandemic’s low point was in August. For the week of October 18-24, 2020, compared to October 20-26, 2019, occupancy declined 31.7 percent […]. .
Lodging 10/29/2020 09:52
The latest Duetto Pulse Report, which tracked data from October 5-18, showed an increased interest in travel across the United States and Canada. Despite this, a lack of long-term confidence means that pick-up is still not where it should be for this period compared to last year. The data showed that net pick-up of reservations into the market once again increased, but only for the short-term. Interestingly, web traffic was at a much higher level […]. .
Lodging 10/29/2020 09:17
One thing the current pandemic has made clear is that, for better or for worse, there’s just no telling what the future will bring. Ryan McAndrew, CPA, senior manager, assurance services, from the audit, tax, and consulting firm RSM US LLP, discussed the hospitality perspective in a virtual presentation—”COVID Response: Strategies for ‘The New Normal'”—at CYBER HITEC on October 28. As the CPA he is, McAndrew said all industries should be constantly prepared to face […]. .
Lodging 10/29/2020 07:00
Maxwell Spangler is corporate technology and systems manager, a newly created role, for Charlestowne Hotels. In this position, Spangler is leading data and IT support for the Charlestowne portfolio while growing design, development, and software initiatives for the company’s technology systems. Aimbridge has promoted Simon Mendy and Ben Perelmuter to executive vice presidents of operations. Mendy is an expert in the extended-stay division and joined Aimbridge as senior vice president of operations in 2018, while […]. .
Lodging 10/28/2020 12:02
HFTP’s CYBER HITEC kicked off yesterday with a keynote speech from John Picard, a technology visionary and design innovator based in Silicon Valley. Right off the bat, Picard noted that 2020 has been a very difficult year for hoteliers. The pandemic not only disrupted everyone’s business, but it also shined a light on deeply rooted issues in the hotel and travel industry. “The pre-existing model for hospitality and the meeting business has been broken, and […]. .
Lodging 10/28/2020 09:40
The first day of CYBER HITEC 2020 included a virtual presentation titled, “Smaller Staff, Same Service: Five Creative Ways to Use Technology to Support Your Lean Team.” ALICE’s Creative Director Sean Cohen led the conversation about using technology to help hotels run efficiently and effectively with smaller teams. Introducing the conversation, ALICE President Alexander Shashou said that while the industry is on the road to recovery, “what no one is really saying is that getting […]. .
Lodging 10/28/2020 09:00
The 2020 CYBER Hospitality Industry Technology Exposition & Conference (HITEC) began the first day of its virtual conference on Oct. 27. On day one—during a panel entitled, “Build a Team—What Do Leaders Look For?”—Mark Holzberg, president and CEO of Cloud5 Communications, and Alex Alt, senior vice president and general manager for Oracle Hospitality, shared their insights on what leaders seek when building an effective team. Moderated by Richard Siegel of Hospitality Upgrade/Hotel Online, panelists agreed […]. .
Lodging 10/28/2020 06:00
PORTSMOUTH, N.H. — In its quarterly U.S. Construction Pipeline Trend Report, Lodging Econometrics (LE) recently reported the franchise companies with the largest construction pipelines at the end of the third quarter of 2020. Marriott International led with 1,390 projects/184,450 rooms, followed by Hilton Worldwide with 1,351 projects/155,626 rooms, and InterContinental Hotels Group (IHG) with 873 projects/89,375 rooms. Combined, these three companies account for 68 percent of the projects and 66 percent of the rooms in […]. .
Lodging 10/27/2020 15:00
PORTSMOUTH, N.H. — Lodging Econometrics (LE) reported that at the close of Q3 2020, Dallas had the largest hotel construction pipeline in the United States with 154 projects/18,592 rooms. Los Angeles followed with 150 projects/25,188 rooms, then New York City with 144 projects/25,147 rooms, Atlanta with 134 projects/18,670 rooms, and Houston with 109 projects/11,384 rooms. These top five markets accounted for 15 percent of the rooms in the total U.S. pipeline. Twenty of the top […]. .
Lodging 10/27/2020 07:00
Hoteliers beware: As the hospitality industry responds to the challenges of the coronavirus pandemic, efforts to ensure guest and employee safety through automation and technology can also pose significant cyber-safety risks. Many businesses have turned to AI and mobile applications that limit physical transactions and allow guests to interact with staff virtually. While the ubiquity of this technology is increasing, however, many hoteliers struggling to stay afloat have furloughed or laid-off key management employees, including […]. .
Lodging 10/27/2020 06:55
The future of the hospitality industry rests on technology. Using technology, hotels have the opportunity to realize continued growth and success. The adoption of new tools and solutions gives hoteliers the power to survive this current and future downturns by reducing costs and creating new profit centers. This is the direction hospitality is heading, and it is the defining trend of this era and the future. At the close of the last cycle, as hoteliers […]. .
Lodging 10/27/2020 06:00
CHICAGO — Hyatt Hotels Corporation and Genting Americas recently announced plans for a new hotel located at Resorts World Casino New York City (RWNYC). Hyatt Regency JFK at Resorts World New York is scheduled to open in the first quarter of 2021. The eight-story, 400-room, four-star hotel will have residential-inspired guestrooms and premium suites with energizing design and in-room technology. The hotel will also include new restaurants, conference and meeting spaces, retail options, and additional […]. .

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