Although 2021 has marked a positive shift for the hospitality industry, occupancy rates for hotels are still hovering below pre-pandemic levels. One large contributing factor is the decrease in corporate travel, which typically makes up a significant amount of dependable revenue for hotels. While the rollout of vaccinations in the first quarter of 2021 helped boost hotel demand, most corporate travel policies remained constricted as companies did not want to take on the liability of increased travel. As a result, hotels in urban and… Continue reading →
Posts from November 2021
How Your Hotel Can Thrive Amidst Corporate Travel Decline
November 30, 2021
Creating a Luxury Hotel Experience to Drive Business
November 11, 2021
While the hospitality industry was strongly impacted by the pandemic, it is starting to regain traction as it adjusts to meet the new expectations and needs of guests. With these changes to the tourism industry underway, it’s crucial for hotels to tailor their services to meet the needs of the post-pandemic guest.
Drive Market Desirability of Your Class A Office in Three Steps
November 4, 2021
As the world adjusts to a hybrid work model, your Class A office building is crucial to helping current tenants entice employees back to the office with a revitalized in-person experience. Cushman & Wakefield reports that, in the post-COVID era, the quality of office space is more important than ever. And, with many people equating modern properties with increased safety, updates to aspects of your Class A office building can contribute to the satisfaction of current tenants while also driving… Continue reading →