With No End to the Pandemic in Sight What Can Hotels Expect?: Say Yes To Travel

On this episode of Say Yes To Travel, host Sarah Dandashy sat down with Calvin Tilokee, the Director of Revenue Management at a 5 star boutique hotel in New York City to discuss the current state of the hotel industry. Numbers are down everywhere, but major cities like New York, Los Angeles, and Chicago have been hit particularly hard. With a good number of hotels opting to close, the few that remain open are seeing anywhere from 5-11% occupancies. These numbers are unprecedented! Some hotels have laid off their employees, others have been furloughed, and there are a few that are able to make sure with a bare minimum.

With no end of the Stay at Home mandate in sight, this is a scary time for hoteliers. What does the future hold? How will things change? What can we expect? Though there is some speculation on how this all will play out, with a long 18 month recovery, there is still much that is up in the air. Calvin shares his insights on what lessons we can learn from Covid-19.

The travel and tourism sector makes up 1/10th of the global job market. The hit is taking will inevitably have a huge economic impact that will take years to fully recover.

Regardless of when we are able to go back to work, this will be a slow climb back to the bustling travel world we once knew–anywhere from 18-24 months.

New protocols will likely develop from this, especially new cleaning requirements and possible hybrid roles to cut costs until occupancy comes back.

Business travelers will be the first to get back on the road and travel. Leisure travelers, influenced by financial struggles and COVID-19 wariness, will trickle back into the market.

It is safe to assume that domestic travel and roadtrips will be popular in the months after resolving the Pandemic.

Say Yes To Travel has a new episode every Thursday!

Say Yes to Travel with Sarah Dandashy

Follow us on social media for the latest updates in B2B!

Image

Latest

Geek Squad
It’s About Time Healthcare Had a Geek Squad
April 22, 2024

As healthcare embraces technological innovation, could bringing a Geek Squad service approach from companies like Best Buy Health lead this transformation? The sector is witnessing a seismic shift with the integration of advanced technology and home-based care. Gastroenterological issues have surged by 20% in the past decade, highlighting the need for this tech-driven approach […]

Read More
sustainability impact report
A Look Into MG2’s Sustainability Impact Report
April 22, 2024

When businesses invest in building strategies around a sustainability impact report, it’s a win-win for the environment, the company, and the community the business serves. The architecture and design industries face renewed pressure to innovate sustainably in an era marked by rapid environmental shifts and an escalating climate crisis. As businesses and individuals become […]

Read More
Oosto CEO, Avi Golan, on facial recognition technology
Facilities Housing Vulnerable Populations can Utilize Facial Recognition Technology to Detect and Locate
April 19, 2024

As technology demands evolve and see changes, the area of facial recognition technology can be of great use for vulnerable populations. As it stands, the integration of facial recognition technology and behavior analytics can enhance the safety and operational efficiency in sensitive environments like assisted living facilities.  Avi Golan, CEO at Oosto, and Dieter […]

Read More
Women's empowerment
Seizing the Narrative: The Transformative Impact of Storytelling on Women’s Empowerment
April 19, 2024

With gender equality becoming a significant global agenda, the narrative around women’s empowerment is more relevant than ever. Amid rising awareness and shifting societal norms, women are increasingly seeking avenues for self-expression and empowerment. A recent study by the Global Gender Gap Report highlights that while progress is being made, substantial efforts are still […]

Read More