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COVID-19 Resources and Toolkit Summary for Hospitality

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by Onyx CenterSource in Blog , Hotels , Travel Agencies ,

Reading Time: 2 minutes

 

With the COVID-19 situation rapidly unfolding, it may be difficult to keep up with all of the updates and resources available to hotels and travel agencies. News and information comes from all angles and changes as rapidly as it appears.

In an effort to ensure that you and your teams are informed, we have compiled a list of the most relevant resources related to COVID-19 and your business.

Government and Institute Resources

When looking for the most up-to-date information, it’s best to check official government resources. These places will typically provide information in real time and is verified prior to posting. In addition, any mandated closures or regulations will be announced via these channels, so it’s important to review as often as you can to ensure you are informed.

 

Hospitality-Specific Resources

While the effects of COVID-19 are far reaching, they are especially prevalent within the hospitality industry. As we are very aware, travel is nearly at a standstill and occupancy rates are the lowest they have been in years. These unique challenges require unique information, and thankfully several entities have provided hospitality-specific information to help us navigate, and learn from, this crisis.

 

Meeting and Events Resources

As news of COVID-19 spread, the meetings and events industry was one of the first to take a hit, with the vast majority of events being cancelled within weeks. Even when the industry recovers, it’s unlikely that M&E will bounce back as quickly, so many have rushed to find alternative methods of hosting their events while still engaging their clients.

 

Financial Assistance Resources

Liquidity has understandably become an issue as travel and hotel companies have struggled to keep businesses afloat among record-low occupancies. However, there is help out there. Several government entities have funded emergency loans to help businesses weather the storm.

 

General Support

Although we are in the trenches, the hospitality industry will bounce back. While we await a turnaround, many entities have provided learning and development opportunities specifically for our industry, allowing affected employees to hone their skills in preparation for recovery.

 

Onyx can also help you by taking on administrative commission tasks so you can focus on strategy and your bottom line. Whether you’re a current customer looking for ways to maximize use of our products, or someone who’s been considering our commission processing technology, contact us today.

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