Episode Details
Back to Episodes
How the Hotel Business Has Changed Since COVID | Donald Wise
Description
A higher nightly rate looks like a win for the hotel charging it. Behind the front desk, insurance and labor costs can climb just as fast as the rate. So what does a room’s price reveal about the health of the business charging it?
Travelers expect their stay to be worth the price. Keeping costs down while maintaining that experience creates difficult choices for hotel owners, even when people are still traveling.
Dr. Donald W. Wise, co-founder and chairman of Turnbull Capital Group, works on hotel transactions and financing. In this conversation, he examines what financing costs mean for existing hotels and those still waiting to be built.
*Views expressed in this video/article are opinions of the author(s) and do not necessarily reflect the views of The Market Insider Show