Corona Virus Crisis Resources & Strategies for the Hospitality Industry

Ideas and Resources to help Your Hospitality Business or Wedding Venue during the Co-Vid19 Crisis

The spread of the Corona Virus has decimated the Hospitality, Venues, Weddings, Events, Conference and Travel industries.

The situation continues to change daily.

Initially, the plan was to “postpone don’t cancel events” – now many venues are looking at months of lockdown and then a slow business environment & events recovery phase.

Corona Virus Resources

Here are some strategies that may help in the short and medium term ….

Strategies for Tough Times during the Corona Virus Crisis

  1. Adopt a “calm and caring” mindset – work on being a better leader & parent in these tough times
  2. Extreme Money Management – Secure your income & future cashflow – prepare to PIVOT yourself to do what you can
  3. Expense reduction strategies – review and cut your expenses and outgoings
  4. Assess Staff reduction options – standing down, reducing days, working from home
  5. Making a difference – Helping out others and being a humanitarian – R U Ok?
  6. Securing your supplies and your supply chain
  7. Watch your cash – collect debts, avoid extending credit, money from ATO and Govt Grants
  8. Consider your Marketing and Content Creation activities during the lockdown & downturn
  9. Find future sales opportunities – find your NEW market focus and prepare for post Corona

This is an excellent list of hospo resources during the crisis by Dani Valent.

 

Weddings Industry & Corona Virus Cv 19

Impact of Co-Vid 19 on Weddings & Venues

Alan Berg – Wedding Expert Webinar – 10 proactive things you can do now (for Corona)

Professional Conference Organiser Strategies for Corona Virus Crisis

Dealing with Postponing Events

https://skift.com/2020/03/17/what-is-going-to-happen-to-all-postponed-events/

CoVid and the Events Industry

https://www.eventmanagerblog.com/covid-event-online

Hotels  Industry Strategies for Corona Virus

Suggested Hotel Strategy from www.hotelstrategy.com.au

https://hotelstrategy.com.au/

 

STR Co-VID 19 Presentation on impact on Hotel industry

https://str.com/sites/default/files/STR-Covid-19-impact-Pacific-webinar-12032020.pdf

 

Insolvency Solutions for Corona Virus

Insolvency – New Safeharbour Laws may help you

DG institute – Preparing for Insolvency & Protecting Your Assets

https://www.dginstitute.com.au/covid-19/?utm_source=FB&utm_medium=FBPAIDADS&utm_campaign=mwccovid19

Hope these resources Help!

Any feedback welcome – Best Wishes!

ABOUT THE BLOG AUTHOR – David Staughton CSP CCEO

READ THESE BEST BLOGS RECOMMENDED FOR VENUES & HOSPITALITY

David Staughton Hospitality TrainerBig Hat Professional Services can help you grow your hospitality business and improve your Function  Event & Wedding Sales. David & Kevin can help you!

David Staughton CSP is an award-winning International keynote speaker, and experienced Small Business consultant.  With over 15 years ‘hands on’ experience in the Hospitality industry, he speaks and consults on a wide range of hospitality business improvement in the areas of sales, staffing, service and strategy.

Kevin Kosky is a skilled business communications trainer. He is a specialist on inbound phone skills, presentation skills and delivering sales presentations. Kevin is an expert teacher of face to face communication skills like sales, supervision, and presentation skills.

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This BLOG is a work in progress – If you have any suggestions please call Hospitality Expert David Staughton on 0408375100 or contact us

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