Supply Chain Issues

Inflation’s Effect on Hospitality Properties

The hospitality industry is still finding its share of highs and lows even as life has begun returning to normal. Thankfully, traveling is back which is bringing business back to hotels, bed and breakfasts, rental properties, restaurants, etc. This has led to an increase in guest reservations and bookings for many properties. But there are various obstacles the industry needs to confront like global affairs, effects of the pandemic, staffing issues, and supply chain issues. A lot of these problems come down to the basic principles of supply and demand and inflation.

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Supply Chain Issues and the Effect on Hospitality

Everyone is aware of the effects COVID-19 has had over almost the past two years. Many of those effects are still lingering even as the public has slowly began returning to normal. The effects from COVID are not just related to health. Two major problems are supply chain and distribution issues and a labor shortage across the world. These issues could become worse as we are now getting closer to the holidays since this is a time when there is always a need for increased help in shipping, retail, and many other important industries. The hospitality industry is no exception to the supply chain issues. Many hospitality professionals have personally experienced the difficulty of trying to order products for the property and have them arrive in a reasonable time frame. This blog will explain the main causes for the supply chain issues.

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