Hotel Staffs Are 'Comfortable Being Uncomfortable' With Threat of Recession
Revenue Managers, Analysts Not Worried About Potential Recession
Whether a recession is approaching in the short-term future or not is uncertain, but revenue managers and analysts agree that the effects of one wouldn’t be harsh on the hospitality industry. After dealing with the COVID-19 pandemic the past few years, any impending problem isn’t as frightful as it once was.
NASHVILLE, Tennessee — Whether a recession is approaching in the short-term future or not is uncertain, but revenue managers and analysts agree that the effects of one wouldn’t be harsh on the hospitality industry. After dealing with the COVID-19 pandemic the past few years, any impending problem isn’t as frightful as it once was.
Hotel revenue managers discussed the concerns of a potential recession and how the pandemic strengthened them for one in a roundtable discussion hosted by Hotel News Now at the Hotel Data Conference.
Nicole Havens, vice president of revenue management, digital and distribution for Peachtree Hospitality Management, said managing through the pandemic has prepared her team in the case of another rough patch.
“As it relates to our industry in a recession, at least over the past couple of years, we’ve become very comfortable being uncomfortable,” Havens said. “What that has done is it’s helped us be more nimble in our strategies and our ways to overcome adversity.”