Using this current downtime to prepare future operations for a post-COVID-19 business environment is a must for lodging companies, says GlobalData, a leading data and analytics company.
Ralph Hollister, Travel & Tourism Analyst at GlobalData, comments: “It has become a necessity for hotel companies to furlough staff, halt expansion plans and impose pay cuts on employees. However, it is important that hotels also incorporate long-term, forward-thinking strategies that address how operational efficiency can be achieved when the impact of COVID-19 lessens.”