Originally seen HERE. Besides clean, comfortable, and secure environments, guests assume that their hotel stays will be non-incidental. Although rare, hotels are not immune to unexpected occurrences such as bomb threats, fires, floods, hurricanes, earthquakes, tornadoes, medical emergencies, and theft. That’s why security teams and first responders need thorough emergency planning and Continue Reading about Seven Tips to Improve Emergency Response at Hotels Using Key Control
Travel Demand & Consumer Behavior
How to navigate the SBA loan process
Originally seen HERE. A Small Business Administration loan is a popular option for all sorts of businesses, and the hotel business is no exception. Many hoteliers who seek to finance the purchase of a hotel property, either a new construction or an existing hotel, turn to a government-backed SBA loan rather than a conventional bank or private lender. It can be taxing to navigate the Continue Reading about How to navigate the SBA loan process
Ask the experts: What owners, operators need to know about hotel financing
Originally seen HERE. In today’s evolving hospitality landscape, understanding hotel financing is essential. As interest rates fluctuate, consumer travel habits shift and new competitors emerge, hoteliers must be financially savvy to stay ahead. Profitability hinges on strategic financial decisions, from securing funding for renovations to managing debt and cash flow during Continue Reading about Ask the experts: What owners, operators need to know about hotel financing
