Insurance

Hotels Still Grappling With Guestroom Lock Issues 

The lodging industry is in a crisis. Since July, when for unknown reasons a security researcher unveiled an easy and cheap way to gain access to hotel guestrooms equipped with certain electronic locks made by Onity, hotel owners and operators have been subject to a variety of security, financial, service and, above all, legal risks. ...

Vendor News Sept. 15, 2012 

Roundup of news from hotel vendors....

Vendor News May 15, 2012 

Products Sept 15, 2011 

Insurance Advice: Be Prepared and Act Quickly After Disaster 

Hurricane Irene wreaked $7 to $10 billion in damages and was reported to be one of the 10 costliest catastrophes in U.S. history. Many hotels will recoup business revenue lost due to wind damage, flooding and apprehensive travelers because they’re well insured. Others may find their coverage is minimally to totally inadequate. Whether it’s Irene’s wrath, last month’s East Coast earthquake or another natural disaster, those affected should be talking to their insurance company now, says attorney David Killalea. ...

Vendor News August 15, 2011 

Roundup of vendor news....

Insuring Against Risks with Sustainable Hotels 

Green building has grown exponentially in the past few years. As of March, 91 lodging properties had achieved the U.S. Green Building Council’s LEED certification. An additional 1,100 properties have registered to seek certification. ...

Preparation for the Hurricane Season Includes Insurance and Risk Reviews 

Once again, the Atlantic hurricane season is upon us. With it comes a sense of apprehension for all along the coast, especially for those in the hospitality industry. For many, a few months’ income will make or break a business, so a severe storm brings potential ruin for a business that is not sufficiently insured. While business owners cannot predict a storm, they can protect their businesses financially; understanding both the insurance product and a business’ risk is essential....

Things to Know Before Starting Construction 

In today’s soft market, hotel owners may cut corners to stay financially healthy. But trimming costs comes with risk and must be done carefully. When choosing a contractor, price, instead of professionalism, is often the deciding factor. ...

Gaylord Opryland Welcomes Back Meeting Planners 

In a city where a hotel grand reopening makes the front page of the newspaper and headlines the evening news, Nashville warmly welcomed back the Gaylord Opryland Hotel. The hotel officially reopened on Nov. 19, after devastating floods last May closed its doors for more than six months....

Implications of Healthcare Reform for Hoteliers 

The clock is officially ticking on the new healthcare legislation passed in March. Beginning last week, companies’ annual healthcare plans must now reflect the new provisions set out in the Patient Protection and Affordable Care Act (PPACA)....

Understanding Claims Process Critical for Gulf Coast Hotels 

OPINION: Properties Affected by Oil Spill Need to be Prepared
The BP oil spill has wreaked havoc on the people of the Gulf region, the environment and businesses both small and large that operate on or near the coast. Hotels and motels in the region face significant uncertainty about the full scope of the impact on their business. It’s critical to know what options there are for recouping business losses, especially considering that rules, protocols and procedures are a work in process....

Understanding Risk Management is Critical 

OPINION: Reducing Risk Exposures Will Also Save on Insurance
One of the most important aspects of owning and operating a hotel is minimizing the various physical and liability risks associated with this type of business. Risk management is the process of evaluating a hotel's risk exposure and developing strategies for mitigating those. It incorporates a ...

Bridging Troubled Waters 

OPINION: Warning Guests of Beach Hazards May Prevent Liability
Popular vacation destinations such as California, Hawaii and Florida offer travelers picturesque coastlines, warm weather and sandy beaches. For those seeking to take advantage of those attractions, hotels on or near the water offer ...

Vendor News: 

Leo Vogel, American of Martinsville's senior vice president of sales and marketing, was honored with the Master Hotel Supplier Emeritus award from the...

Vendor News 

ASSA ABLOY Hospitality promoted Rune Venaas to president, where he oversees all activity in North America for the hospitality industry's security brands...

Vendor News 

ProfitSword was chosen to provide business intelligence to PM Hospitality and its nine hotels. ProfitSage Business Intelligence Suite was installed at...

Catastrophe Risk and Your Insurance Policy 

Catastrophic events such as hurricanes, terrorist plots and power outages affect all businesses but have a disproportionate impact on the hospitality...

Cover Your Green Bases 

Now that developers in the lodging industry are starting to embrace the green building concept, it's no surprise that auxiliary businesses are jumping...


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