Press Release
Scott Yandrasevich Raises Awareness About Inflation’s Impact on the Hospitality Industry
Connecticut, US, 1st November 2024, ZEX PR WIRE, Hospitality industry expert Scott Yandrasevich is raising awareness about the serious impact inflation is having on the hospitality sector, emphasizing the unique challenges it presents for business owners and management teams. As inflation continues to rise, Yandrasevich is advocating for more recognition and support for the industry, which has already faced significant economic hurdles in recent years.
“The hospitality industry has always been vulnerable to market fluctuations, but with inflation hitting record highs, the pressure on businesses is greater than ever,” Yandrasevich said. “For those in management and ownership roles, balancing rising costs with maintaining service quality is becoming increasingly difficult.”
The U.S. inflation rate in 2023 reached 3.7%, according to the Bureau of Labor Statistics (BLS), with the hospitality industry particularly affected by increasing costs for food, energy, and labor. Food prices alone have surged by 6.7%, making it harder for hotels, restaurants, and event venues to manage their supply chains without passing costs onto consumers. Additionally, the cost of energy has risen 12.6%, significantly impacting operating expenses for businesses in hospitality, which rely heavily on utilities for heating, cooling, and lighting large venues.
Yandrasevich explains that these rising costs create a ripple effect. “Management teams are facing the tough decision of whether to raise prices and risk losing customers, or absorb the costs, which can severely impact profit margins. Many small and medium-sized businesses are operating on thin margins already, so inflation could be the tipping point.”
The American Hotel & Lodging Association (AHLA) reports that 71% of hotels are currently experiencing higher operating costs due to inflation, with 90% of operators saying these rising costs are their top concern. Furthermore, labor costs have jumped significantly, with hospitality wages rising by 6.1% in 2023 as businesses struggle to attract and retain talent in a competitive job market. “Labor shortages are still a major issue, and with inflation driving up wages, it’s become even more difficult for businesses to find and keep skilled employees,” Yandrasevich said.
As inflation squeezes profitability, Yandrasevich is calling for business owners, investors, and policymakers to take action in supporting the hospitality sector through these challenging times. “We need to invest in strategies to combat inflation’s effects. This includes looking at operational efficiencies, supply chain management, and perhaps even policy intervention to stabilize prices. If we don’t address these issues head-on, we could see many more closures, especially among smaller businesses,” he noted.
He also emphasized the importance of government and industry collaboration to provide relief and long-term solutions. “Federal relief programs, tax incentives, and industry partnerships will be crucial to helping hospitality businesses weather the storm. We need targeted support that addresses the specific challenges this sector faces, from rising operational costs to labor shortages.”
Inflation’s continued rise not only threatens the bottom line of hospitality businesses but also the jobs of millions of workers in the industry. With the hospitality sector employing over 16 million people in the U.S., according to the BLS, a widespread economic impact could be devastating for employees, consumers, and local economies alike.
As inflation continues to affect the industry, Scott Yandrasevich remains focused on raising awareness and advocating for more robust support for hospitality professionals and business owners navigating this difficult economic landscape.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Old kid on the Pattaya Block Heiner Moessing explains why he left a very established and successful Pattaya real estate business which he founded 20 years ago to start on his own again.
Pattaya, Chonburi, Thailand, 3rd Apr 2025 – Heiner Moessing a long time business person based in Pattaya who has re-invented himself several times in his career has started a new venture and starting from scratch. Back in the 1980s when he started marketing the work he did involved magazines and newspapers, now it is internet and social media. It is easier and less expensive to reach lots of people, however this can be a double edged sword – other people can do it as well with little investment. He wanted to test himself and start again just to see if entrepreneurialism is truly about your ‘net worth’ like they say.
He started Siam Properties in 2000 which became one of the main Realtors in Pattaya, as he was looking for a new challenge, and for over 24 years. He believed his success came from trying to see things from the buyer’s point of view, to weigh up their lifestyle and match what he knew about Pattaya to find them what they really needed. He also put the growth of the business down to the fact he always made himself indispensable, and always picked up the phone.”
In 2024 Heiner left Siam Properties to his son who graduated from Ramkhamheang University with a Masters in Law, and his wife Zine. Heiner set up the new business Pattaya Real Estate Co Ltd (P.R.E.) in 2024 with his business Partner Julie offering a fully comprehensive Pattaya Real estate service for people looking to live in Pattaya.
One new initiative which they spearheaded is their Interactive Smart Map where you can find on our website here to see what properties are in a particular area. if you are relatively new to Pattaya you will probably find a property to live in easier to look via a map. With the SMART Map you can instantly see what properties and what services are available where you want to live.
Heiner received grades by the National Association of REALTORS (USA- CRS, CIPS), was co-founder of PREABA (Pattaya Real Estate Broker Association), and published dozens of articles for Real Estate Magazines, Pattaya Trader, FARANG, etc.
You can see their new site here
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Build Offshore Team Revolutionizes Offshore Development with Expert Wix and Kajabi Developers
United States, 3rd Apr 2025 – Build Offshore Team, a leading provider of offshore development services, is transforming the global digital landscape by offering highly skilled offshore development teams. With specialized expertise in Wix and Kajabi development, businesses can now hire top-tier professionals to elevate their online presence and streamline digital operations.
Why Choose an Offshore Development Team?
As businesses seek cost-effective yet high-quality digital solutions, offshore development teams have become an essential resource. Build Offshore Team enables companies to hire offshore development teams that deliver customized, efficient, and scalable web solutions without the high costs of in-house development.
“Outsourcing development has never been easier,” said a spokesperson for Build Offshore Team. “We provide dedicated offshore professionals who align with your business goals, ensuring seamless project execution and long-term success.”
Hire Wix Developers: Tailored Website Solutions
For businesses looking to enhance their online presence, hiring a Wix developer through Build Offshore Team ensures access to experts who create stunning, functional, and responsive websites. Whether it’s a personal portfolio, eCommerce platform, or corporate site, their Wix developers for hire specialize in crafting user-friendly designs and integrating advanced functionalities tailored to specific business needs.
Kajabi Developers: Elevate Your Online Course and Membership Platforms
With the increasing demand for e-learning and membership sites, Build Offshore Team offers specialized Kajabi developers to help businesses launch and optimize their digital platforms. From course creation to sales funnels and automation, their Kajabi website experts bring technical proficiency and strategic insight to maximize platform performance and user engagement.
Why Choose Build Offshore Team?
- Expert Developers: Vetted professionals with extensive experience in Wix, Kajabi, and other digital platforms.
- Cost-Effective Solutions: Reduce development costs while maintaining high-quality output.
- Scalability & Flexibility: Teams that adapt to project requirements and business growth.
- Seamless Communication: Dedicated project managers ensure smooth workflow and collaboration.
With a strong commitment to delivering innovative, high-quality digital solutions, Build Offshore Team empowers businesses to scale their digital presence efficiently. Companies looking to hire offshore development teams, Wix developers, or Kajabi experts can leverage their expertise to achieve outstanding results.
For more information, visit https://www.buildoffshoreteam.com/ .
About Build Offshore Team
Build Offshore Team is a premier offshore development service provider offering businesses access to highly skilled professionals in various digital domains. Specializing in Wix, Kajabi, and custom web solutions, the company provides businesses with cost-effective, scalable, and expert-driven development services.
Media Contact
Organization: Build Offshore Team
Contact Person: Ishan Gupta
Website: https://www.buildoffshoreteam.com/
Email: Send Email
Country:United States
Release id:25990
View source version on King Newswire:
Build Offshore Team Revolutionizes Offshore Development with Expert Wix and Kajabi Developers
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Build Offshore Team Revolutionizes Offshore Development with Expert Wix and Kajabi Developers
United States, 3rd Apr 2025 – Build Offshore Team, a leading provider of offshore development services, is transforming the global digital landscape by offering highly skilled offshore development teams. With specialized expertise in Wix and Kajabi development, businesses can now hire top-tier professionals to elevate their online presence and streamline digital operations.
Why Choose an Offshore Development Team?
As businesses seek cost-effective yet high-quality digital solutions, offshore development teams have become an essential resource. Build Offshore Team enables companies to hire offshore development teams that deliver customized, efficient, and scalable web solutions without the high costs of in-house development.
“Outsourcing development has never been easier,” said a spokesperson for Build Offshore Team. “We provide dedicated offshore professionals who align with your business goals, ensuring seamless project execution and long-term success.”
Hire Wix Developers: Tailored Website Solutions
For businesses looking to enhance their online presence, hiring a Wix developer through Build Offshore Team ensures access to experts who create stunning, functional, and responsive websites. Whether it’s a personal portfolio, eCommerce platform, or corporate site, their Wix developers for hire specialize in crafting user-friendly designs and integrating advanced functionalities tailored to specific business needs.
Kajabi Developers: Elevate Your Online Course and Membership Platforms
With the increasing demand for e-learning and membership sites, Build Offshore Team offers specialized Kajabi developers to help businesses launch and optimize their digital platforms. From course creation to sales funnels and automation, their Kajabi website experts bring technical proficiency and strategic insight to maximize platform performance and user engagement.
Why Choose Build Offshore Team?
- Expert Developers: Vetted professionals with extensive experience in Wix, Kajabi, and other digital platforms.
- Cost-Effective Solutions: Reduce development costs while maintaining high-quality output.
- Scalability & Flexibility: Teams that adapt to project requirements and business growth.
- Seamless Communication: Dedicated project managers ensure smooth workflow and collaboration.
With a strong commitment to delivering innovative, high-quality digital solutions, Build Offshore Team empowers businesses to scale their digital presence efficiently. Companies looking to hire offshore development teams, Wix developers, or Kajabi experts can leverage their expertise to achieve outstanding results.
For more information, visit https://www.buildoffshoreteam.com/ .
About Build Offshore Team
Build Offshore Team is a premier offshore development service provider offering businesses access to highly skilled professionals in various digital domains. Specializing in Wix, Kajabi, and custom web solutions, the company provides businesses with cost-effective, scalable, and expert-driven development services.
Media Contact
Organization: Build Offshore Team
Contact Person: Ishan Gupta
Website: https://www.buildoffshoreteam.com/
Email: Send Email
Country:United States
Release id:25990
View source version on King Newswire:
Build Offshore Team Revolutionizes Offshore Development with Expert Wix and Kajabi Developers
It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
New Pattaya Real Estate business opened by long standing Pattaya business man
Build Offshore Team Revolutionizes Offshore Development with Expert Wix and Kajabi Developers
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