Hospitality Industry Health Update: “Official Recommendations of the P3 Team Regarding Ebola”

Petra’s Director of Risk Management, Todd Seiders, has put together his best recommendations regarding the Ebola virus. Please click the image below to view the list at it’s full resolution and be able to save the image for personal use or to pass along to anyone you may know in the hospitality industry!


P3 Ebola Sheet

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Filed under Guest Issues, Health, Hotel Industry, Management And Ownership

Hospitality Industry Health Update: “Ebola is Spooking Wall Street”

Ebola fears are most obvious in the airline sector. Shares of American Airlines Group (AAL) and Delta Air Lines (DAL) fell sharply on Wednesday,ebola hurt by the news that the new Ebola patient flew the day before being diagnosed. Both airlines are down nearly 20% over the past month alone….Hotel stocks like Hilton Worldwide (HLT) and Starwood Hotels & Resorts Worldwide(HOT) have also been punished by the Ebola concerns.

The Ebola epidemic is starting to contaminate sentiment on Wall Street, which is already losing sleep over countless crises.

The arrival of Ebola in the U.S. has coincided with a period of extreme turbulence in the stock market, which has tumbled about 8% from record highs.

The deadly virus is clearly not the only factor behind the market slide, but it’s a major unknown that is increasingly weighing on market psychology. That was the case again on Wednesday as the Dow plummeted as much as 370 points and health officials revealed a second health-care worker in Dallas tested positive for Ebola.

For more: http://cnnmon.ie/1CqQcQ7

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Hospitality Industry Management Update: “Reviews Increasingly Drive Booking Decisions”

The next step for the industry is taking those positive and negative reviews into account when setting rates. ratesreviews_featureMolinari said Las Vegas Sands isn’t quite there yet but noticed software developers are innovating in the space…Davis said she has developed her own metrics and is taking ratings and reviews into account when determining her price positioning, although she admits her process is a bit subjective and does not rely on a specific algorithm, such as a software program might.

Online reviews increasingly are affecting booking decisions, although not all traveler segments behave the same way, according to research and various industry sources.

Multiple studies recently have highlighted the importance of guest reviews and ratings in the booking funnel.

A study conducted by TrustYou and Donna Quadri-Felitti, clinical associate professor at New York University’s Preston Robert Tisch Center for Hospitality and Tourism, concluded that guest reviews have a significant impact on hotel conversion rates as well as the rates that travelers are willing to pay. Given equal prices, travelers are 3.9 times more likely to choose a hotel with higher review scores, the study showed. And when hotel prices are increased for hotels with better review scores, travelers are more likely to book the hotel with the higher score despite the higher rate.

For more: http://bit.ly/1wHkOuy

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Hospitality Industry Risk Update: “Denver Police Warn Hotel Guests About Scammer Claiming to be Front Desk Employee”

The person called the guest, claimed to be working the front desk of the hotel,downtown denver then convinced the guest to release their credit card information, police said. Later, the guest became suspicious and called the front desk and realized they had been scammed.

A scam artist claiming to be a hotel employee in downtown Denver tricked a guest into giving out their credit card number and security pin.

The same scam was attempted on four other guests on the same night, according to the Denver Police Department. Investigators did not say which hotel the scammer targeted.

For more: http://bit.ly/1D7hU6v

And for more information on how to best handle hotel hoaxes and scams, check out Petra’s own Director of Risk Management, Todd Seiders, in this P3 Risk Management Update “Hoaxes and Scams”.

P3 (Petra Plus Process) is the Risk Management Division of Petra Risk Solutions – America ’s largest independent insurance brokerage devoted exclusively to the hospitality marketplace.

For more information on Petra and P3 visit petrarisksolutions.com or call 800.466.8951.

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Hospitality Industry Risk Update: “Liberty Mutual: Retail and Hospitality Institute II”

“Best practices for mitigating risk and reducing losses for guest and employee injuries and incidents in the retail, hospitality, restaurant, gaming and entertainment industries.”

Liberty

At the conclusion of this institute, you will be able to:

• Explain what drives best-in-class performance in safety and risk
management
• Implement best practices for achieving safety and
operational excellence
• Apply resources and take advantage of networking opportunities that
can lead to stronger risk mitigation practices and related expense control

For more information contact Liberty Mutual at LPED@libertymutual.com with questions.

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Hospitality Industry Legal Update: “W Hotel Chain Friendly to Prostitutes, New Jersey Couple’s Legal Filing Claims”

Anna Burgese says she was attacked early last year in the lobby of a South Beach W Hotel by drunken hookers80629236 who mistakenly believed she was competition. She and her husband say they hired undercover agents to visit W Hotels all over the country, according to Philadelphia Daily News, and found prostitution runs rampant.

The W Hotel chain openly allows prostitution in their facilities, a New Jersey couple claims in a recent legal filing obtained by the Philadelphia Daily News.

Anna Burgese of Medford, N.J., says she was attacked early last year in the lobby of a South Beach W Hotel by drunken hookers who mistakenly believed she was competition. The attack was captured on surveillance video.

As a result, Anna Burgese and husband Joseph say they hired undercover agents to visit W Hotels all over the country, according to the newspaper.

The legal filing claims that they found that prostitution runs rampant in the hotels and even found that a sex worker at one W Hotel “used the concierge desk to charge her cellphones and store her purse.”

For more: http://nydn.us/1w27joR

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Filed under Crime, Employee Practices, Guest Issues, Hotel Employees, Hotel Industry, Liability, Management And Ownership, Risk Management

Hospitality Industry Management Update: “How Much Guest Data Do You Have a Right to Use?”

Pillsbury does his best to makes sure the question of data ownership is ambiguous in his contracts, Bosworth says.big data “It’s left as a, ‘Let’s leave it so that the contract is unclear on this point.’” That’s not a bad way to go. “There’s a strong motivation for the parties to play nice together,” Bennett says. “Because if a big fight breaks out over who owns the data, the answer is going to come down to, ‘None of you own this data. This is the data of the individual.’”

Using big data to gain insights about hotel guests is a relatively new development in the lodging industry. When done right, it can provide actionable intel to hoteliers that can boost room rates and drive more business to loyalty programs and marketing campaigns. And there are plenty of tech outfits stepping up to lend their expertise to hotels. “We have 18 companies now that we’ve invested in through Thayer Ventures, our venture capital arm, all in the hospitality travel technology space,” says Lee Pillsbury, co-chairman and chief executive officer of Thayer Lodging Group. “One is able to analyze the number of airline passengers overnighting in New York City in any date in the future.” If there’s a huge snowstorm coming to New York, Pillsbury says, the company will take into account the weather forecast and the 600 flights that will be canceled and determine the number of people who will now be staying overnight in Las Vegas as a result.

For more: http://bit.ly/1rX5JUQ

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