Overhauling a Hotel's Operations Can Boost ROI By Tom Baker, Managing Principal The area of hotel operations may not spring to mind first when brainstorming ways to rev up your ROI, but it should. The complex web of daily tasks that make up the nights and days running hotel [...]
Acquired a Hotel? Balance Renovation With Guest Satisfaction for Higher ROI By Tom Baker, Managing Principal Hotel acquisition and renovation often come hand-in-hand. The obvious reasons for this are many, but the top ones are 1) the best deals to be had are often on properties in need of [...]
4 Things to Consider Before Opting for a Hotel Acquisition By Tom Baker, Managing Principal Due to the pandemic, developers worldwide face the same controversial decision of whether they should proceed with or abandon the development and acquisition of new hotel projects. There is no denying that these projects [...]
The Future of Hotel Asset Management in the Hospitality Industry By Tom Baker, Managing Principal It is no secret that continuity plans are subjective to changes in the travel and tourism industry. Given the volatility brought on by Covid-19, many savvy hotel owners know that the ongoing support of [...]
Meeting the Challenges of New Hotel Development During a Pandemic By Tom Baker, Managing Principal It's universally accepted that the global pandemic of Covid-19 has changed nearly every industry. While tourism slowed and in some areas stopped, hotel owners and potential investors have taken time to take stock and [...]
Repurposing Hotel Spaces: A Growing Trend During COVID-19 By Tom Baker, Managing Principal In the past year alone, COVID-19 has drastically changed the way communities and economies operate. Consumer-facing companies have had to find innovative ways to adapt their business models to the unpredictability of this new landscape. Travel [...]
A Post-Pandemic World and the Future of Hotel Management By Tom Baker, Managing Principal The hospitality industry is finding it must step up quickly to serve the increasingly complex needs of this new wave of travelers rushing to book vacations as lockdown restrictions are easing, vaccination rollouts are implemented [...]
Hospitality Financial Leadership – A Client Story: Anastasia By David Lund, The Hotel Financial Coach This is a story about a recent client who hired me to coach her. She was the director of rooms in a large hotel in Illinois and was told that it was possible for her [...]
