Author

Vanessa Gonzalez

Hotels Advisory Consultant for CBRE Hotels’ Consulting, based the New York, Northeast practice

Vanessa is an experienced hospitality professional servicing hotel assets through their full life-cycle, from conception to transaction and/or termination, at CBRE Group, the world’s largest commercial real estate services, and investment firm. She has more than 7 years of experience working directly with people from diverse socioeconomic and cultural backgrounds to provide outstanding customer service across several disciplines within the hospitality industry. Vanessa has lived in 3 countries, 7 States and 1 U.S. territory and traveled to more than 20 countries seeking cultural awareness. She is passionate about cultures, travel and pursuing a path in hotel consulting.

COVID-19’s Potential Lasting Impact on Fixed vs Variable Hotel Expense Ratios

As a result of COVID-19, hotel operators have been forced to make tough decisions, including the most basic one on whether to keep the lights on. Many were required to close their doors after municipal mandates were put in place and some decided to remain open, despite record-low occupancy levels, to house pandemic-related first responders and other essential personnel related to the fallout from the spread of coronavirus, largely in place of more traditional sources of demand during "normal times".