When will the business traveler return? Hotel industry counting on a return to the office

Ruben Onsu

The retail market faced challenges before COVID-19 hit. The office market was solid before the pandemic sent employees working from home in droves. But the hospitality market? It was thriving in many parts of the country before March of 2020.

But when COVID hit? This sector took an immediate nosedive. Business travel disappeared in March and April of last year. And leisure travel was all but nonexistent, too.

Consider these numbers from researcher STR: In March of 2020, the U.S. hotel occupancy rate fell 42.3 percent from the same month one year earlier, plummeting to 39.4 percent. The average daily

read more

Beavercreek beauty salon closing after 60+ years in business

Ruben Onsu

BEAVERCREEK, Ohio (WDTN) — Jeanette’s Beauty Shop in Beavercreek has been a staple on Dayton-Xenia Road since 1957, but after more than 60 years in business, it’s closing.

“It’s just your good hometown beauty shop,” smiles Lisa Hamilton, who is the salon’s third owner.

Lisa has owned Jeanette’s since 1999 and has never changed the name.

“I told the ladies I would change the name when the light burned out. Well the light has been burnt out for several years, and we just never did it,” laughs Lisa. “And you know, I couldn’t do it. So I’ll answer to

read more

IBM to name infrastructure services business ‘Kyndryl’ after spinoff

Ruben Onsu

Bloomberg

Deliveroo to Dimon Stoke Fears About London’s Post-Brexit Future

(Bloomberg) — If Deliveroo Holdings Plc’s listing was meant to hang an ‘Open For Business’ sign over the City of London, the opening day crash in the shares jarred somewhat with the message the U.K. had intended to send about post-Brexit Britain.Personally welcomed by Chancellor Rishi Sunak, the food delivery company’s initial public offering should have been a beacon to lure tech firms against competition from New York and Hong Kong, which have been winning the larger part of the business. Instead, concerns over the company’s governance and the

read more

Business Briefly | Local News

Ruben Onsu

Smiley’s Inc. sold to Maritime Fabrications

La Conner-based Maritime Fabrications, which also goes by La Conner Maritime Service, recently acquired Smiley’s Inc. in west Mount Vernon.

Smiley’s Inc., founded by Howard Smiley in 1953 and later owned and operated by his son Dale Smiley, has provided area farmers, businesses and residents with metal fabrication and related parts and metal sales from its location on Memorial Highway, according to a news release.

Maritime Fabrications will operate Smiley’s Inc. under the name Smiley’s Pro Services in the same location and offer similar products and services, the news release states.

Maritime Fabrications has

read more

Report finds more obstacles to starting a new business for people of color

Ruben Onsu

SPRINGFIELD, Mass. (WWLP) – As the economy slowly creeps back to life, a recent report shows shows Massachusetts needs to increase entrepreneurship among people of color to counteract decades long decline in the number of new businesses. But that isn’t easy.

“We face a lot more barriers in creating healthy businesses than White communities,” President and CEO for Black Economic Council of Massachusetts (BECMA), Segun Idowu told 22News.

The report by MassINC and the Coalition for an Equitable Economy found that minority owned businesses are on the rise but not at a fast enough pace to close the gap between

read more

Merrill Gardens’ New Middle-Market Brand Takes Cues From Business Hotels

Ruben Onsu

Merrill Gardens has launched a new sub-brand tailored for the middle market after more than a year of internal planning and brainstorming with focus groups.

The Seattle-based operator is rolling out the brand, Truewood by Merrill, at 23 communities in 13 states across the U.S., almost all of which were included in the company’s joint-venture purchase with ReNew REIT in 2019. Merrill Gardens is undertaking the rollout slowly, and will reposition and rebrand the 23 communities over the coming months.

The brand is positioned to look and feel less like a five-star resort and function more like an upscale business

read more