Strategies for Success in Today’s Economic Environment: How Hoteliers are responding to the Financial Crisis

In today’s volatile market environment, even yesterday’s dire predictions seem tame. At present, market analysts are changing their predictions day by day.

Hotel Cost Controls in an Uncertain Market

There is no doubt that we are in the midst of a business cycle where average rate and occupancy are trending downward. With 5,800 new hotels coming on line in the next 12-18 months (representing 786,000 rooms), the additional capacity could be easily perceived as ill-timed.