217 | Rainy Days Ahead: Hotels advised to prepare for a downturn

Lodging Leaders show

Summary: Many hotel-business experts believe an industry downturn is at hand.<br> Some say it will happen as soon as next year. Others expect business to slow in 2021.<br> So, is the forecasted slowdown based on fact, an economic algorithm, or is it more of a gut feeling?<br> In this episode of Lodging Leaders we try to answer this question. We also find out what hotel owners should be doing today to prepare for a slowing of business tomorrow.<br> We talk to Mark Woodworth and Robert Mandelbaum, analysts with CBRE Hotels Americas Research; Paul Breslin of consulting firm Horwath HTL; and Susan Barry of Hive Marketing, who offers tips on how to get your hotel recession ready.<br> Resources and Links<br> <br> <a href="https://www.linkedin.com/in/horwathhtlatlantadunwoody/" target="_blank" rel="noopener noreferrer">Paul Breslin</a> with <a href="https://horwathhtl.com/" target="_blank" rel="noopener noreferrer">Horwath HTL</a><br> Mark Woodworth and <a href="https://www.linkedin.com/in/robert-mandelbaum-630439/" target="_blank" rel="noopener noreferrer">Robert Mandelbaum</a> with <a href="http://www.cbrehotels.com/EN/services/strategic-research/US-Hospitality-Research/Pages/default.aspx" target="_blank" rel="noopener noreferrer">CBRE Hotels Americas Research</a><br> <a href="https://www.linkedin.com/in/susandbarry/" target="_blank" rel="noopener noreferrer">Susan Barry</a>, founder and CEO of <a href="https://www.hive-marketing.com/" target="_blank" rel="noopener noreferrer">Hive Marketing</a><br> <br>