The Anesis Journal

Vol. IAugust 2026Hospitality Underwriting

Written this month with the rigour of a broadsheet, not the haste of a blog — on where the money quietly leaves a hotel of character, and what is recoverable.

New field notes each month.

This month's lead

The Money Booking.com Will Never Give Back

A commission is not a marketing cost. It is a toll on a guest who had already found you.

6 min · read the piece →

5 min

The True Cost of a Reply Sent Six Hours Late

In hospitality, a delayed answer is not merely poor service. It is a booking, quietly withdrawn.

6 min

What an Underwriter Can Teach a Hotelier

The discipline is old and unglamorous: measure the risk, price it, and stand behind the figure.

5 min

Why We Turn Away More Hotels Than We Take

A mandate we accept is one we are prepared to be held financially responsible for. Most are not.