Operational and Financial Issues in the “Great Reopening”
By Mark D. Podgainy, Getzler Henrich & Associates LLC
U.S. Hotels have been on a roller coaster ride for the last 18 months, from the heights
of 2019 and early 2020 RevPar performance to the depths of Covid-19 lockdowns, and on to the “Great Reopening” and the Omicron variant. Though we are living in a rapidly changing environment, there are some issues and trends that are likely to be with us for the near-to-mid future that owners, operators, investors and lenders should
be aware of.
• Supply chain issues. Supply chain issues are causing shortages and higher prices for everything from guest supplies and food and beverage items to FF&E and repair and maintenance supplies, and are not going away any time soon. These issues will continue well into 2022 and possibly beyond, so securing alternative sources of supply…