2020-03-28 02:59:46 UTC
Hotels are seeing occupancy rates and revenue per available room tumble. Hotel occupancy was down to 20% year-over-year.
When reservations decrease, hotels will look to practice tighter cost control to ensure a healthy cash flow. However, hoteliers should be mindful to plan out any cost reduction actions to ensure short-term activities do not hurt business opportunities and brand value in the long run.
Is your hotel affect by pandemic and trying to cut operating cost. We can help you reduce your operating cost by using our system.
Jared is the founder of Tamu HQ.