Hotels, motels, cafes, pubs, bars, nightclubs, and resorts are all vital components of the hospitality industry. The coronavirus pandemic has led to the entire industry struggling to cope due to closure of businesses. Restaurants have managed to stay afloat with their takeaway and delivery services; however, sales still aren’t at the pre-pandemic level.
Many countries repurposed hotels and resorts as quarantine centers, to help the hospitality industry and provide medical care to those who need it. However, with cases slowing down in the United States, major players in the hospitality industry are once again nervous about what the future holds.
While the future of this industry is still quite uncertain, here’s what some experts have to say about the recovery of the hospitality industry:
Adoption of cloud technology
It took COVID-19 for the world to realize the power of working remotely. With COVID-19, working from home has become a norm and many employers are considering keeping things this way. The hospitality industry was typically considered one where working remotely wasn’t possible, however, this pandemic has proved otherwise.
Hoteliers can easily manage processes on the premises without being there. A reliable property management system can control the operations onsite from a remote destination. Hoteliers can transfer certain departments to work remotely, like marketing, eCommerce, and customer care.
As for onsite, mobile concierge apps can be developed for guests to engage with the staff without the need for personal contact.
Attract millennial travelers
According to the New York Post, millennials are the most eager age group who are longing to get back into the world and travel. Many are even willing to travel despite the dangers of the coronavirus. Use this time to plan marketing campaigns and hotel packages that will attract millennial travelers. This allows your business to prepare for times when travel restrictions are eased.
Improve your premises during this time
Even though your hotel won’t be in use right now, utilize this time to improve your property. Renovate and execute maintenance jobs that you have been putting off. Also take this time to reconsider the layout of the property, incorporate changes that take into account social distancing and reduced personal contact.
Meal delivery can help generate revenue
In the meantime, make the most of your hotel’s restaurants. Provide customers with a fine dining experience in the comfort of their home. Utilize premium packaging to present your dishes to entice customers.
Sign up for flexible loans
The financial aspect will be tricky initially. To get the ball rolling once again, you might need some additional help. Look for reliable and affordable short-term loans to help your business get back on track.
Global Capital Partners Fund is one such private lender that is trying their best to help businesses across the United States. They provide hard money loans, bridge financing, and a number of other commercial financing solutions in Tampa, FL. Get in touch with their representatives at +1-800-514-7350.