Bonus Audio only Podcast! Green Shoots Abound!

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Manage episode 288163377 series 1167923
Thông tin tác giả Glenn Haussman được phát hiện bởi Player FM và cộng đồng của chúng tôi - bản quyền thuộc sở hữu của nhà sản xuất (publisher), không thuộc về Player FM, và audio được phát trực tiếp từ máy chủ của họ. Bạn chỉ cần nhấn nút Theo dõi (Subscribe) để nhận thông tin cập nhật từ Player FM, hoặc dán URL feed vào các ứng dụng podcast khác.

Glenn Haussman and Chris Green, the CEO of Chesapeake Hospitality share a lively and encouraging discussion about the green shoots sprouting as the travel & hospitality sector recovers. This session was held for the Entrepreneur's Organization.

Some takeaways:

  • Chesapeake was very conservative with their cash leading up to the pandemic - 18 months of payroll in the bank. They sacrificed much to ensure that they could keep their leadership team intact for the recovery.
  • They really watched and managed their cash on a daily basis
  • Hotel assets might be able to be picked up this year at a 15-20% discount from their 2019 levels.
  • Best growth opportunities in the 65-115 room "Box Hotels" - easy to operate, and might be able to find owner/operators who want to get out of the business. Not in major metros, but around the perimeter
  • Interesting ratio to judge hotel occupancies: TSA Daily throughput : Hotel Nights booked = 1.85
  • Massive Upturn coming for hospitality.

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