Preview Mode Links will not work in preview mode

No Vacancy Live and No Vacancy News


Visit the all new www.novacancynews.com site! 

No Vacancy with Glenn Haussman is the travel industry’s most exciting podcast. A fun, fast paced genre bending program peeling back the travel business veneer. 
Perfect for road warriors, leisure travelers and industry insiders, we look behind the scenes of the travel business by sharing stories, experiences, and with interviews featuring the industry’s biggest names.


Host Glenn Haussman is a well know travel industry personality, renowned industry speaker, writer, consultant, host of heretostay.tv and contributor to youmustbetrippin.com


Follow Glenn on Instagram and Twitter @TravelingGlenn.

Subscribe today on iTunes No Vacancy with Glenn Haussman

Subscribe on Google Play HERE.

Support the show on Patreon HERE

Mar 22, 2021

Glenn Haussman and Chris Green, the CEO of Chesapeake Hospitality share a lively and encouraging discussion about the green shoots sprouting as the travel & hospitality sector recovers.  This session was held for the Entrepreneur's Organization. 

Some takeaways:

  • Chesapeake was very conservative with their cash leading up to the pandemic - 18 months of payroll in the bank.  They sacrificed much to ensure that they could keep their leadership team intact for the recovery.
  • They really watched and managed their cash on a daily basis
  • Hotel assets might be able to be picked up this year at a 15-20% discount from their 2019 levels.
  • Best growth opportunities in the 65-115 room "Box Hotels" - easy to operate, and might be able to find owner/operators who want to get out of the business.  Not in major metros, but around the perimeter
  • Interesting ratio to judge hotel occupancies: TSA Daily throughput : Hotel Nights booked = 1.85
  • Massive Upturn coming for hospitality.