Will That Be Cash, Card or Crypto for Your Booking?
Will That Be Cash, Card or Crypto for Your Booking? — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 23 Aug

The first half of 2021 saw cryptocurrencies go from theoretical speculation amongst circles of computer geeks to a popular dinner conversation topic with a much more diversified pool of investors. Whether you deem this asset class as viable over the long-term or the purest form of bubble just waiting to burst, the sheer growth alone dictates that this is not a monetary system you can ignore any longer.

Planck’s Principle and Hotelier Skepticism for Blockchain
Planck’s Principle and Hotelier Skepticism for Blockchain — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 12 Jul

This year has already seen many of the various cryptocurrencies grace the front page of major news outlets. This trend will continue throughout 2021 and, by our predictions, for the rest of everyone’s natural lifespans who happen to be reading this article. Pure hype or not, the technologies underpinning these altcoins are going to keep expanding and maturing as the applications for blockchains are too great to ignore.

Making 2021 The Year To Solve The Chargeback Problem
Making 2021 The Year To Solve The Chargeback Problem — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 8 Jul

Every dollar counts in the new normal. That’s because, even with all the cuts made during the pandemic, the costs of ramping operations back up with all the new safety requirements – while also servicing debt – are making hotels an increasingly difficult business to keep out of the red. Driving occupancy and maximizing total revenue per guest (TRevPAR) are the two top objectives we look at for properties nowadays, but there’s a hidden profit killer that you must also consider – chargeback disputes.

Why You Need To Understand Cybersecurity In The Next Normal
Why You Need To Understand Cybersecurity In The Next Normal — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 7 Jun

As hoteliers, we are trained in service. The pandemic, though, has caused every hotel's tech stack to expand in order to meet the need for a contactless guest service. This means that understanding technology is now a base requirement for any role in the organization.

Summarizing the Financial Consequences of the Pandemic
Summarizing the Financial Consequences of the Pandemic — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 7 Jan

Is COVID-19 the Armageddon for the hotel industry? That's the first question I asked Dr. Donald W. Wise, co-founder and senior managing director of Turnbull Capital Group. With over 36 years of investment banking experience in the hospitality industry, he and this firm have been involved in roughly $20 billions of advisory, consultation, note sales, preferred equity and debt placements, and transactional engagements on both the buy-side and the sell-side.

Starbucks Blockchain Shows How to Grow Restaurant Revenues in the New Decade
Starbucks Blockchain Shows How to Grow Restaurant Revenues in the New Decade — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 22 Oct

Amidst so many sensationalized stories about COVID-19 or politics throughout August, you may have missed the coverage of what is potentially a gamechanger in the foodservice and retail industries. First announced over a year ago, Starbucks is now readying to deploy a blockchain network for end-to-end coffee bean traceability and greater product transparency, and this will soon influence what motivates customers to buy at your restaurant, sundry or store.

Don’t Be Fooled by COVID Hotel Statistics
Don’t Be Fooled by COVID Hotel Statistics — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 3 Aug

Imagine a quick mathematical scenario. Business drops 50% due to the lockdown earlier this year then you see a recovery of 50% of this number once the pandemic is over. Occupancy is back to normal, right? Not true; it is actually still down 25% from where it was before the drop.

Making Painful Chargebacks a Thing of the Past
Making Painful Chargebacks a Thing of the Past — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 8 May

In a socially distanced world, one thing we are already seeing is far fewer in-person credit card transactions because people aren't out and about nearly as much. A lot of that traffic has moved online while some of it has shifted towards other types of less secure, card-not-present dealings like taking down a guest's information over the phone.

Five Resolutions for the New Decade
Five Resolutions for the New Decade — By Larry Mogelonsky

Hotel Mogel Consulting Limited · 27 Jan

Welcome to the start of this new decade! Now that you've had your fill of turkey feasts and midnight champagne toasts, it's time for you to set some goals for the coming year but also to look ahead at what the 'Roaring 20s' will bring.