/ indexnurse27's Library/ Notes/ After an incident like hurricane Katrina, a New Orleans hotelier's ability to determine the effect of an event on tourism is a struggle to say the least. As we have seen in the past, disasters like earthquakes, tornadoes and floods can significantly impac
After an incident like hurricane Katrina, a New Orleans hotelier's ability to determine the effect of an event on tourism is a struggle to say the least. As we have seen in the past, disasters like earthquakes, tornadoes and floods can significantly impac
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Hotel revenues are directly affected by the kind of events that impact the other sectors. Based on research, the recovery from existing conditions could take as long as twenty-three months or more. Similar concerns have been voiced by investors concerning the prospective outlook for hotel business, evident in recent results of various lodging REITs. (REITs). This means that hotel revenue could also be affected by similar or subtle shifts regarding the direction of the overall economy. The changes in the sales of hotels could be a factor in the bottom line of your business. The result could influence your profits.
Storms like hurricane Katrina are directly responsible for the dramatic decline in hotel revenue for the city due to an increase in tourists coming from other countries. The decline in hotel revenue could result in a drop in rates for guests. The assumption that this is the case is widely accepted with business owners. This is a reasonable idea since the increased demand for rooms has led to higher rates for hotels. Drops in hotel rooms rates could have an indirect however real effect on New Orleans' economy. A drop in rates for hotel rooms could be a direct impact on the city's population.
As I said the hurricane Katrina had a devastating impact on New Orleans. The most catastrophic impact was felt by New Orleans' largest city in particular, Slidell. Most people within Slidell knows the severity and extent of the disaster response. So does everybody else know that New Orleans was one of the cities that suffered the most in terms of the amount of structures damaged or destroyed during the catastrophe? The hoteliers of New Orleans also suffered. Owners of New Orleans' hotel businesses have taken steps to reduce negative effects on the city.
As mentioned, hotel operators, especially those with multiple hotels located in different parts of New Orleans, are already adopting proactive measures to secure the New Orleans market. One way they are doing it is through the elimination of certain portions of their workforce. Another method is cutting off some of their services for hotels. For instance, they may be reducing the number of hotel workers who are full-time and then transferring that responsibility over to part-time employees. Another method to limit the risk of unauthorized access is to use digital keys locks, and other security measures that aim at keeping guests out of hotel rooms. All of these steps can have an important effect on New Orleans' economy even before Hurricane Katrina.
In addition to securing hotels from Hurricane Katrina's negative effects on occupancy and revenue, New Orleans area business entities have also taken steps to tackle the economic slowdown after the hurricane. Local retailers and manufacturers have announced closing of stores, retraining programs and the closure of warehouses. Even though the general economy is slow, at least for now, some regions of New Orleans are feeling the advantages of the increased circulation and lower travel restrictions. In the aftermath of Katrina, the hurricane that hit New Orleans in 2005 Katrina, such local businesses were able to profit benefit of reduced prices, increased consumer confidence and better hotels and travel conditions to boost the sales.
The slow recovery in New Orleans will mean that the negative impact on hotel sales will not be evident until the latter part of the year when New Orleans hopes for a record Christmas season. Hotel owners are suffering unprecedented economic impacts from the recession. The recession's impact on many larger chains has not been notable, or even noticeable.
In the end, the two business cycles are likely to play an important role in determining the effects of the levels of demand on occupancy rates. This is a good thing for New Orleans commercial real estate as well as New Orleans as a whole. 김해오피 As occupancy rates rise over time and the city's tax-exempt income and its hotel revenue are expected to begin to recover from the effects from the storm. In the end the fact that a time of high occupancy can serve as an excellent foundation for an economic boom in tourism that will help boost the business of the city long after the waters recede.
Storms like hurricane Katrina are directly responsible for the dramatic decline in hotel revenue for the city due to an increase in tourists coming from other countries. The decline in hotel revenue could result in a drop in rates for guests. The assumption that this is the case is widely accepted with business owners. This is a reasonable idea since the increased demand for rooms has led to higher rates for hotels. Drops in hotel rooms rates could have an indirect however real effect on New Orleans' economy. A drop in rates for hotel rooms could be a direct impact on the city's population.
As I said the hurricane Katrina had a devastating impact on New Orleans. The most catastrophic impact was felt by New Orleans' largest city in particular, Slidell. Most people within Slidell knows the severity and extent of the disaster response. So does everybody else know that New Orleans was one of the cities that suffered the most in terms of the amount of structures damaged or destroyed during the catastrophe? The hoteliers of New Orleans also suffered. Owners of New Orleans' hotel businesses have taken steps to reduce negative effects on the city.
As mentioned, hotel operators, especially those with multiple hotels located in different parts of New Orleans, are already adopting proactive measures to secure the New Orleans market. One way they are doing it is through the elimination of certain portions of their workforce. Another method is cutting off some of their services for hotels. For instance, they may be reducing the number of hotel workers who are full-time and then transferring that responsibility over to part-time employees. Another method to limit the risk of unauthorized access is to use digital keys locks, and other security measures that aim at keeping guests out of hotel rooms. All of these steps can have an important effect on New Orleans' economy even before Hurricane Katrina.
In addition to securing hotels from Hurricane Katrina's negative effects on occupancy and revenue, New Orleans area business entities have also taken steps to tackle the economic slowdown after the hurricane. Local retailers and manufacturers have announced closing of stores, retraining programs and the closure of warehouses. Even though the general economy is slow, at least for now, some regions of New Orleans are feeling the advantages of the increased circulation and lower travel restrictions. In the aftermath of Katrina, the hurricane that hit New Orleans in 2005 Katrina, such local businesses were able to profit benefit of reduced prices, increased consumer confidence and better hotels and travel conditions to boost the sales.
The slow recovery in New Orleans will mean that the negative impact on hotel sales will not be evident until the latter part of the year when New Orleans hopes for a record Christmas season. Hotel owners are suffering unprecedented economic impacts from the recession. The recession's impact on many larger chains has not been notable, or even noticeable.
In the end, the two business cycles are likely to play an important role in determining the effects of the levels of demand on occupancy rates. This is a good thing for New Orleans commercial real estate as well as New Orleans as a whole. 김해오피 As occupancy rates rise over time and the city's tax-exempt income and its hotel revenue are expected to begin to recover from the effects from the storm. In the end the fact that a time of high occupancy can serve as an excellent foundation for an economic boom in tourism that will help boost the business of the city long after the waters recede.
