The Impact COVID-19 has had on Hotel Developments Across the Globe
The Impact COVID-19 has had on Hotel Developments Across the Globe — By Korosh Farazad

Farazad Group Ltd. · 2 Jun

The rapid spread and the increasing transmission rate of COVID-19 has demonstrated how interconnected and globalised our world is. This pandemic has caused unprecedented health and economic consequences around the globe. The governments have implemented strict social distancing measures in their continuous effort to reduce the amount of world's population, which has been infected by the coronavirus and has currently reached over 3 million active cases globally.

The Sustainability of Hotels Post-COVID-19
The Sustainability of Hotels Post-COVID-19 — By Korosh Farazad

Farazad Group Ltd. · 21 Apr

A couple of months ago, we never could have thought that the global economy and subsequently the world would have come to a pause. The COVID-19 pandemic and the associated restrictions on business activity and travel have caused a tremendous impact across all market industries and especially in the hospitality industry. The constant decrease in occupancy rates and revenue per available room has imposed unprecedented challenges not only to hotel owners and operators but also to investors and lenders.

COVID-19 Impact in Hospitality Financing and the Current Climate for Borrower’s and Lender’s in the Hotel Industry
COVID-19 Impact in Hospitality Financing and the Current Climate for Borrower’s and Lender’s in the Hotel Industry — By Korosh Farazad

Farazad Group Ltd. · 8 Apr

Due to the recent unprecedented event, the hospitality industry along with all other industries around the world has been damaged by COVID-19. Which results in a world economic crisis with domestic & international travels rapidly slowing, occupancy falling and hotels closing.

Why Is It Becoming More Expensive To Run Boutique Hotels?
Why Is It Becoming More Expensive To Run Boutique Hotels? — By Korosh Farazad

Farazad Group Ltd. · 24 Jan

Boutique hotels have started facing increasing difficulties to operate. Hospitality giants such as Marriot International, Accor, and IHG are following an expansionary strategy by acquiring collections of boutique hotels. The goal is to expand their offerings to the clients and at the same time benefit from a larger market share, economies of scale and even internal capital markets up to an extent. On the other hand, boutique hotels and independent resorts are willing to join large hospitality chains in order to benefit not only from bigger and potentially more efficient marketing but also from boosted operational margins.

Food and Beverage Boosts Hotel Revenue
Food and Beverage Boosts Hotel Revenue — By Korosh Farazad

Farazad Group Ltd. · 27 Aug

According to an AMPM Hotel supply statistics (October 2018), approximately 150,000 new hotel rooms are expected to enter London by 2020. Research by Knight Frank indicates that investment in the UK hotel industry reached £7.4 billion, demonstrating a 29% year-on-year rise and a £1.7 billion increase in 2018 alone. This extraordinary growth was due to a 50% increase in international investment, with overseas buyers accounting for £4.9 billion invested into the UK hotel market with Asian investors such as mainland China, Singapore and Hong Kong being principally responsible.