Managing the Risk of Fraud During COVID-19
Managing the Risk of Fraud During COVID-19 — By Kevin Doyle

Cayuga Hospitality Consultants · 21 May

I wanted to share with you some thoughts I have around the potential unintended consequences connected with the necessary winnowing of hotels' finance and operational headcount. First and foremost, hotels had to take all steps necessary to stem their evaporating cash. Every minute counted. Many of these decisions resulted in reassignment of roles and responsibilities that under normal business operations would not be acceptable as it violated generally accepted internal control protocols.

Responsible Growth, From An Operators Perspective
Responsible Growth, From An Operators Perspective — By Chuck Kelley

Cayuga Hospitality Consultants · 11 Dec

Over the years and in various roles I found myself in serious disagreements with a brand's development and hospitality feasibility group.

Hotel Owner Vs. Debt Service, How To Prepare for the Downturn
Hotel Owner Vs. Debt Service, How To Prepare for the Downturn — By James E. Fitzgerald

Cayuga Hospitality Consultants · 14 Oct

The Uptrend Is Ending, Now What? Most people don’t see all the obstacles a hotel owner faces once their hotel revenues start declining; such as if the next travel recession strikes or new hotel competitors enter the market, cash flows fall, and tensions rise.

5 Ways to Combat Hotel Fraud
5 Ways to Combat Hotel Fraud — By Kevin Doyle

Cayuga Hospitality Consultants · 11 Oct

Nearly $4,000,000,000,000 (trillion) dollars were lost from businesses around the world due to fraud in 2016. The typical organization loses 5 percent of revenue each year to fraud.

How to Avoid Lost Hotel Revenue After a Disaster
How to Avoid Lost Hotel Revenue After a Disaster — By Romulo Vallejo

Cayuga Hospitality Consultants · 9 Oct

Disasters are inevitable. So, do you know what reports you will need to determine lost revenue after a disaster? From a hotel owner perspective, coming up with fact-based hotel projections for lost revenue in the event of a disaster will ensure smooth discussions with your insurer and moving on with rebuilding your business as quickly as possible.