With the present crisis have come myriad cancelled events and travel bans, as well as consumer reluctance to travel voluntarily. While no one has been entirely unaffected by the virus, both the nature and the degree of the effects have varied wildly from one industry to another, with some struggling to safely meet unprecedented demand and others struggling to stay afloat with no customers.
Host Craig Jeffery talks with Maria D’Alessandro, Executive VP and CFO at Hospitality Ventures Management, on the hospitality industry in light of the COVID-19 shutdown. They discuss the rapidity of how this disruption unfolded and impacted the business in days. The crisis immediately altered all of the key results and measurements in the hotel business and forced many changes that were both hard and necessary to ensure the organization could survive and recover when the crisis passed. The conversation touches on financial statements, employee impacts, new risks, regulation changes and even opportunities. Listen in to this frank discussion to gain insights for managing risks and responding to immediate threats whatever industry you are in.