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Red Planet CEO: Next three months critical for U.S. hotels

Tim Hansing, co-founder and CEO of Red Planet Hotels, has a simple message for U.S. hoteliers grappling with the reality of COVID-19: “You have not seen anything like this ever in your life.” Bangkok-based Red Planet operates 31 budget hotels totaling nearly 5,000 rooms in Indonesia, Japan, the Philippines and Thailand. His hotels are seeing single-digit occupancy, but he says early government responses and precautions taken by the population have helped mitigate the situation. Hansing, whose background includes stints as SVP of acquisitions and development at Kingdom Hotel Investments and at Movenpick Hotels & Resorts, offers a few steps hoteliers…
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