HFTP invites all hospitality finance professionals to attend an informative webinar on May 21, 2020 that will discuss how to manage your hotel operation's unusual finances during the current pandemic according to guidelines in the Uniform System of Accounts for the Lodging Industry (USALI).
In response to the unique challenges of 2020, the Hospitality Sales and Marketing Association International (HSMAI) regions from around the world are proud to present ROC@Home, a day-long experience designed to fuel industry recovery and revitalization efforts on Wednesday, June 17, 2020.
The American Hotel & Lodging Association (AHLA) yesterday expressed support for a number of elements contained in the HEROES ACT (HR 6800) that would improve upon the Paycheck Protection Program (PPP) to aid small business hotel operators and save millions of jobs.
The implications of COVID-19 have been profound, and the path to business recovery is evolving and fluid. This paper is a briefing for occupiers of space and landlords who manage their buildings – wherever they are in the response-to-recovery process.
An important word from an HFTP Allied Partner
HSMAI hosted a Hotel Management Company (HMC) Chief Revenue Officer Virtual Roundtable on March 25 that focused on the impact that COVID-19 is having on hotel revenue optimization. In addition to discussing key indicators they are using to track how the hospitality industry is doing, HMC CRO participants shared their best practices, lessons learned, and ideas for preparing to accelerate as quickly as possible.
It will likely come as no surprise that our evolving workspaces, enabled by technology, outfitted with the most coveted amenities and served by hospitality experts, are designed to make employees feel valued, signaling to them that the work they do is important and impactful. But what about when the workspace provided by an employer is removed (even temporarily) and placemaking becomes a virtual endeavor? The guidance on maintaining business continuity in a suddenly remote environment is ever-growing and increasingly salient – an equally essential toolkit should be followed for the other half of the equation: supporting the emotional wellbeing of employees through traumatic disruption.
The following is a statement from Chip Rogers, AHLA president and CEO, on the Senate passage of the CARES Act.
The hospitality industry is entering uncharted territory. As concerns surrounding the continued transmission of COVID-19 continue to mount, we find ourselves isolated in our homes, unsure of when this pandemic will pass. What does the future hold for our communities? Moreover, what will this crisis mean for those businesses who have ceased operations due to recent recommendations and mandates for complete shutdowns?
A toolkit for navigating global crises like COVID-19