Page 9 - NBIZ MAGAZINE December 2021

While the Delta variant surge p Energy Industry – With the recent conventions to cancel during the
slowed the recovery of business and return of oil prices to above $70 Fall of 2021, but the bookings
convention demand, there are signs per barrel, there is hope that look strong for 2022, albeit with
that it will begin to return in 2022, as exploration will return soon. Many reduced attendance.
the number of Covid cases decline. We drilled but uncompleted wells are p Business Travel – Business hotel
expect a slow but steady recovery over currently being completed. bookings were sluggish through
the next few years, as the fear associat- p Convention Industry – The the first half of 2021 and have
ed with the pandemic begins to wane. Delta variant surge caused two remained slow due to the Delta

National Economy and the Impact on
Hotel Demand
Hotel demand on the national
level has been affected not only by
Covid-19 but also by many uncer-
tainties about the future, including
political unrest, a worldwide pan-
demic, international travel bans,
ongoing global tensions, and supply EMPLOYER
chain shortages. BENEFIT SERVICES
These uncertainties affect travel
and lodging and make it tricky to
predict the timing of the return to
pre-Covid levels. Things have changed
as a result of Covid-19, which will
result in a new normal, but no one
knows exactly what that new normal
will look like. Only time will tell.
PLAN PAYROLL BENEFIT
Houston Hotel Market Factors ADMINISTRATON MANAGEMENT PACKAGE
The driving forces of the Houston Assistance and research Get your employees MARKETING
economy have been affected by Covid- to keep you informed paid quickly so you Document
19. The recovery of these factors and in compliance with can get back to doing administration of
state and federal laws.
401(k) and 403(b)
what your company
will determine how quickly Houston does best. including employee
will rebound and hotel demand will enrollment assistance.
return, as follows:
p Global Trade - Global trade is
booming with the backlog of
inventory needed to fill the
shelves being transported into the
Port of Houston. As the logistical
problems are resolved, Houston is
well-positioned to surge ahead.
HUMAN
BENEFITS
CLAIMS
p International Travel – Interna- MANAGEMENT RESOURCES EDUCATION AND
tional travel bans are beginning When a claim is CONSULTING CONSULTING
to ease but there are still some made, we assist in the Develop policies and Cra a competitive

challenges. However, travel from process, from the first procedures, address employee benefits plan
recruiting strategies,
to recruit and retain
Mexico is strong, increasing retail filing of the claim to its develop job descriptions. valuable employees.
resolution.
sales and medical patient care.
p Texas Medical Center – With the
largest medical center in the
world, healthcare is an important PUTTING ALL THE HEALTHCARE
hotel demand source for Houston. BENEFIT PIECES TOGETHER
While both domestic and interna- OFFICE ONLINE
tional medical care was slowed 713-647-9700 www.corebenefits.net
by Covid, it is beginning to show
signs of a solid recovery.
NBIZ ■ December 2021 9