How the Coronavirus is Impacting the Hospitality Business
While the economy is taking a downward spiral thanks to the Coronavirus, one of the sectors that will be hit the most is the hospitality business. Experts are already stating that the hotel industry could see the loss of 4 million jobs. How is the Coronavirus impacting the hospitality business and is there a way that it can be saved? This article will discuss the issue.
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5 Ways Hotels are Adapting to the Pandemic
As of June 24th, nearly 6 out of 10 open hotel rooms were empty since the pandemic started. Not just that, hotels are currently anticipating to lose up to $400 million in room revenue per day based on the current occupancy rates and revenue trends. This is in addition to the thousands of hotels shutting down completely.
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Variety Is Key: How Hotels Can Enhance Food Options to Better Fit Guests' Diets
With things like food delivery apps and diverse places to dine out, your hotel's food and beverage offerings might have some stiff competition. Room service is slowly dying out in favor of other options, and your facility must evolve to compete. Variety and specification are the best ways to keep up if you choose to stay in the game.
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