Hospitality Asset Managers Association (HAMA) conducted an internal survey among its members, asking them what their main concerns about hotel business were for the year 2022, in a bid to find out what problems were keeping its members awake at night.
“As the hotel industry works towards regaining its footing, we wanted to learn exactly what was keeping our members awake at night,” said Matthew Arrants, HAMA president and The Arrants Company principal.
The findings of the survey were hardly surprising. The HAMA members echoed the sentiments of hoteliers throughout the USA. The top 5 concerns of 2022 of the HAMA members were as follows:
- Availability of Labor
- Labor Wage Rates
- Return of Corporate Travel
- General Inflation
- Market Demand
“Labor dynamics remain the main issue for many, followed closely by the impacts of the overall economy. AHLA, with whom we have recently partnered, shares these concerns and is taking steps to address them through a variety of their own methods,” continued Matthew Arrants.
The Hospitality Asset Managers Association is an organization of professionals responsible for proactively increasing asset values on behalf of hotel owners worldwide.
Even though the HAMA members have expressed concerns about a wide variety of issues including labor shortage, corporate travel and inflation, most of the members are hopeful and positive about the market recovery. They feel it is not a matter of ‘if’ but ‘when will’ market demand return to pre-pandemic levels. So while there are still some worries and fears, the overall mood is upbeat and positive!
Gauging Sentiment and Prospects in the Hospitality Industry – A New Study by NYU SPS Jonathan M. Tisch Center of Hospitality & Boston Consulting Group
New City Ranking: Singapore Outperforms Tokyo and Hong Kong, Emerges on Top
Egypt Eyes Promising Opportunities in Fiercely Competitive Medical Tourism Sector