5 Recession Lessons Hotels should Remember in 2022 | By Melissa Rodrigues – Hospitality Net
Prior to March 2020, the tourism industry was booming worldwide. Hotels benefited from year-on-year growth in tourism and the continuous onslaught of guests during peak holiday seasons. As hotel business thrived, no one gave much thought to where their revenue was coming from, considered long-term investments, or clearly understood the implications to profitability.
Source: hospitalitynet.org