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Greg Winey, Panelist, at BITAC Owner’s Virtual Connect
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17 Nov Greg Winey, Panelist, at BITAC Owner’s Virtual Connect

Posted at 21:52h in Thought Leadership by

 

Greg Winey, President of NorthPointe Hospitality Management, joined the BITAC Owner’s Virtual Connect 2020 last week.  As a featured panelist of Owners and Operators, Winey was asked to weigh in on today’s challenges facing the hospitality industry.

“With occupancies generally hovering in the 40 to 50 percent range for many of their properties, several hotel owner/operator CEOs maintained they don’t expect a full recovery to ‘normal’ levels for quite some time with estimates as far out as 2022.

In addition, the executives weighed in on current conditions, as well as some of the changes they’ve experienced from an operational perspective as a result of the pandemic, during a panel session entitled “The Bottom Line: Keys To Profitability For Hoteliers In A Post-COVID Environment,” which took place during BITAC Owner’s Virtual Connect 2020 earlier this week…

Gregory Winey, President/CEO, Northpointe Hospitality Management—which operates 9 assets primarily in the Southeast—noted that hotel performance has varied by market for the company, but did identify a potential source of encouragement for the industry.

“If you look at the TSA [Transportation Security Administration] counts sometime around mid-March of this year they were down to about 85,000 passengers per day versus 2.1 or 2.2 million so you’re talking about 5 percent capacity. That capacity is now almost between 35 and 40 percent so that gives me great confidence that things are starting get back to some level of normalcy,” he noted.”

To read the article in its entirety visit https://hotelcommunityforum.com/bottom-line-perspective .

 

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