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  • Architecture & Design

  • Renovate Now and Reap the Benefits Later

  • By Roger G. Hill , Chief Executive Officer & Chairman, The Gettys Group Inc.

  • We have all heard it, and quite frankly said it, 2009 was a challenging year. The good news is we have all made it to 2010, but what now? While there are many signs that the economy is beginning to stabilize and move forward, we still have not seen an influx of capital into the market. There are certainly no new build projects, and a select few renovation projects that are moving forward in the current economy. With everyone still waiting to renovate and the industry is off to a slow start to the next cycle in the process, we ask ourselves - why not renovate now?

    There are so many advantages to getting a head start on a renovation of your property; whether it is from savings on renovation costs due to supply dominating over demand when it comes to labor and construction, reduced guest displacement within the hotel due to lower occupancy and extending hospitable actions to just beating your competition to the market by coming out with a refreshed property ready and poised for increased average daily rates (ADR) in twenty-ten.

    Renovation costs continue to remain low but that will soon change as the number ...

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Hotel Business Review Architecture & Design

Roger G. Hill
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Roger G. Hill
Coming Up In The March Online Hotel Business Review

"Hotel Business Review offers weekly articles for hotel management and operation and discussion on emerging growth markets."
Feature Focus
Hotel Human Resources: The Biggest Challenges
The economic challenges of the past four years have led many hotel companies to re-examine the ways in which they do business and how they deploy talent. In many cases, the work did not go away and fewer people were left to carry on the tasks that had previously been shared among many. As we work our way out of the recession and look forward to a healthier economic environment, there is an understanding that despite recovering business levels, we may never see the return of former staffing levels. This "new norm" of operating with leaner teams has led Human Resources professionals and people managers to look at career development and growth opportunities in a new light. The March Hotel Business Review will take a look at some of the strategies being used by successful hotel brands, and techniques human resource directors are currently exploring.
INSIGHTS FOR INDUSTRY LEADERS BY INDUSTRY LEADERS
"The Four Habits of Highly Effective Human Resources"
By James Bermingham, Vice President, Montage Hotels
"Embassy Suites 'The Circle of Leadership"
By Darci Riesenhuber, Director of Brand Culture, Embassy Suites Hotels
"Applying Consumer Marketing Best Practices to Employee Loyalty"
By Fred Bendana, Executive Director Client Services, Maritz Loyalty & Motivation
"How Incentives are Changing to Keep Existing Staff Motivated?"
By Jim Houran, Partner, HVS Executive Search
PLUS: Mobile Technology - Attracting & Retaining Top Talent - Education - Employee Engagement - Employment Claims & Litigation - Employment Contracts - HR Management.