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Will the lodging industry’s supply growth outpace demand?

Linchi Kwok Travel, Hospitality & Event Management

The COVID-19 vaccination rate is climbing steadily in the U.S. At its current rate, three in four people, or 75% of eligible residents, will be vaccinated by June. Businesses are reopening. The U.S. economy is now operating at 88% of its pre-pandemic level, with hope for continuous improvement. According to STR, a world-leading provider for data benchmarking, analytics, and marketplace insights for hotels, the U.S. lodging industry reported the highest demand and occupancy levels since the pandemic began for the week ending April 10. Furthermore, the U.S. opened 220 properties, or 26,057 rooms, in the first quarter of 2021.

What’s the BIG Idea? Episode 2: Steve Jurash on leading through crisis

Hank Boyer Business Management, Services & Risk Management

In this video, Hank Boyer visits with Steve Jurash, president of the 5,000-plus member Manufacturing Alliance of Philadelphia (MAP). MAP represents several hundred thousand manufacturing employees. In March 2020, Jurash led MAP through an incredibly challenging period of dealing with the COVID-19 crisis, an event that brought manufacturing everywhere to a sudden halt. With several hundred thousand employees' lives affected by his decision-making, Jurash faced one of his most challenging periods of leadership. He shares more than 20 best practices effective leaders use to navigate during periods of crisis.

10 ways to vacation lavishly during the pandemic

Jordan Brown Travel, Hospitality & Event Management

As the world slowly starts to recover from the COVID-19 pandemic, travelers are beginnings to set their eyes on luxury travel in 2021. After all, so many of us are overdue for lavish experiences and some much-deserved relaxation. While luxury travel during the pandemic is possible, it is important to remember to follow CDC guidelines to ensure your health and safety. Experts continue to recommend social distancing, wearing masks, taking viral tests before and after traveling, and following local guidelines. In our guide below, we have listed the top 10 travel tips during COVID to ensure you have the safe and lavish vacation you have been dreaming of.

Nicknames: Every state has one (or more)

Dave G. Houser Travel, Hospitality & Event Management

Nearly everyone knows that the United States has 50 named states. What isn’t so well-known is that each of those states has a nickname — or maybe more than one. And it’s not just because they needed a clever or unique slogan for their license plates. It’s because each state has its own history and backstory that it’s proud to share. Some nicknames come from the pages of history while others come from indigenous animals and what grows there. A few nicknames identify a prominent natural feature, and others simply want to entice you to visit. To non-residents, a state’s nickname might seem strange or mysterious — or not at all what you think it means. Let’s look at some examples.

Adjourning on time: Promise or pressure?

Robert C. Harris Association Management

Some board members are eager to depart before the meeting is adjourned. Is the promise of ending on time too much pressure? Directors must realize they are fiduciaries making decisions on behalf of the membership. They have to be present to fulfill their duties. To complete the work, a meeting should be well-organized, strategic, and have each person’s time valued. There are ways to stay on track and end in a timely manner.

COVID-19 accelerated change. How do you stay ahead moving forward?

Philip Burns and William Putsis Business Management, Services & Risk Management

The COVID-19 pandemic was a catalyst that accelerated change in almost every industry. What used to take some companies five years to accomplish remarkably took them only five months during the pandemic. From at-home grocery retailing to working at home virtually, companies digitized their businesses and changed how they delivered services at unprecedented rates. While some companies were better positioned to deal with the challenges the pandemic presented, others struggled. Given this, consider three relevant questions for all business leaders in the context of their own organization and industry.

A look at how the restaurant business has shifted during the pandemic

Bambi Majumdar Food & Beverage

It has been a whole year of pandemic craziness, bringing a wave of deaths, health issues, and unprecedented economic loss. While most industries suffered heavily, restaurants perhaps got the very worst of it. One major area of revenue for restaurants came from office workers during lunch or happy hours. Restaurants that cater to the office crowd have gone through a harrowing year. With many of their clienteles working from home for the past year, a significant portion of their business vanished into thin air. As fewer people go to a physical workplace now and in the future, some will have to rethink their entire business strategy.

5 behaviors that make (or break) global relationships

Paula Caligiuri, Ph.D. Business Management, Services & Risk Management

Whether you’re working on assignment in a foreign country or hosting Zoom conferences with teams around the world, your ability to build relationships can make or break your business success. In some cultures, the strength of a relationship indicates your trustworthiness as a business partner — and building the relationship depends on five key behaviors.

What’s the BIG Idea? Episode 1: Sydney Guerrero on business development…

Hank Boyer Business Management, Services & Risk Management

In this episode of What’s the BIG Idea? we visit with Sydney Guerrero, Vice President of Busines Development for Orion Innovation, an $850 million global IT leader in digital transformation and product development services.

Change to adapt: How businesses will respond to post-pandemic travels

Linchi Kwok Travel, Hospitality & Event Management

Hospitality and tourism companies are ready for the long-awaited travel recovery in 2021. Many have begun hiring. The hospitality sector alone added 355,000 new jobs in February, making up most of the nonfarm payroll gains in the market. Airlines, too, are preparing for recovery; they have resumed hiring and training and plan to buy new airplanes. Post-pandemic travel, however, will very likely look different from what we knew about travel. COVID-19's devastating impact on the hospitality and tourism industry may have changed how these businesses operate forever.

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