The 2019 AAHOA Annual Convention & Trade Show is poised to be the best opportunity in the new year for hoteliers and hospitality industry professionals to maximize their business potential. It is the largest gathering of hotel owners in the country, and we’re expecting approximately 7,000 attendees this year.
Opportunities for Innovation in Hospitality Lending
In our digital age, hotel financing is behind the curve on developing new technology to solve for glaring problems. The paper-heavy, oft-waylaid, manual loan application process has been overlooked by existing FinTech solutions and is awaiting a breakthrough.
Although today’s hospitality market is robust, lenders and borrowers need to be alert for a possible downturn, especially with a broader economic slowdown potentially on the horizon. By wisely leveraging technology to simplify lending processes, hotels can survive and even thrive amidst any economic scenario.