Last week, part one of our report on Airbnb looked at the home-sharing giant’s impact on hotel business performance. We reported on a study that shows for every 100 percent increase in Airbnb accommodations in a market, hotel RevPAR declines by an average 3 percent. We also reported a growth in the number of whole […] The post 221 | Home Sharing’s Heavy Hitters: Airbnb’s genius is branding (Part 2) appeared first on Lodging Leaders... Read more
More than 10 years ago, the short-term home rental industry began to shapeshift with the birth of Airbnb. The technology company has quickly grown from a small peer-to-peer home-sharing platform into a virtual behemoth with more rooms than any hotel company on the planet. Today, Airbnb has more than 4 million listings in nearly 100,000 […] The post 220 | Disruptive Innovator: Measuring Airbnb’s impact (Part 1) appeared first on Lod... Read more
It’s no secret the hospitality industry in America is in dire need of skilled employees. Many hotel owners and operators continually seek ways to attract and keep talent. The Bureau of Labor Statistics says the hospitality industry has a turnover rate of nearly 75 percent per year, compared to a healthy rate of 10 to […] The post 219 | Train and Retain: Hospitality apprenticeship fills high-level jobs appeared first on Lodging Lead... Read more
Who invests money better, men or women? Fidelity Investments found surprising answers to that question when it surveyed nearly 3,000 people. The group was almost evenly divided between the sexes. Yet only a tenth of women said their investments would outperform men’s. Meantime, a separate analysis by Fidelity shows women consistently generated larger returns on […] The post 218 | Yes, Girls Allowed: More women venturing into hotel ... Read more
Many hotel-business experts believe an industry downturn is at hand. Some say it will happen as soon as next year. Others expect business to slow in 2021. So, is the forecasted slowdown based on fact, an economic algorithm, or is it more of a gut feeling? In this episode of Lodging Leaders we try to […] The post 217 | Rainy Days Ahead: Hotels advised to prepare for a downturn appeared first on Lodging Leaders.
Wellness … However you define it, we all want it. The hospitality industry is one of the business sectors where consumers of wellness seek it. The Global Wellness Institute reports wellness tourism is a $640 billion industry. In North America alone, travelers made 204 million trips and spent $242 billion on wellness in 2017. In […] The post 216 | Wellness Travel: Get your business in shape for an emerging trend appeared first on Lo... Read more
When a hotel becomes a crime scene, there is little an owner or manager can do to ward off publicity. But a hotel can recover from a crisis and save its image if it has a plan in place to deal with the aftermath of a high-profile incident. Hotel crime has escalated around the world, […] The post 215 | HOTEL CRIME: How to manage a high-profile case appeared first on Lodging Leaders.
Marijuana consumption in America has lost its stigma, and it is on track to become a $23 billion U.S. market over the next couple years. Hotels in states that have legalized recreational and medicinal marijuana are just beginning to think about how to incorporate the trend into their businesses. The laws can be confusing. Cannabis […] The post 214 | The Weed Frontier: How hotels are capitalizing on cannabis appeared first on Lodgin... Read more
Harry Javer is founder of The Lodging Conference, one of the hospitality industry’s must-do events. This year, The Lodging Conference will mark its 25th anniversary. Lodging Leaders talks with Harry about the genesis of The Lodging Conference, what it offers industry leaders, as well as newcomers to the hotel business, and how attendees can make […] The post 213 | Event Entrepreneur: What’s behind The Lodging Conference success app... Read more
This episode of Lodging Leaders explores why women in business often don’t negotiate and why they don’t win at the negotiating table as often as their male counterparts. We identify some fundamental stumbling blocks and barriers to women’s ability to get what they want. And we offer experts’ advice on how to craft a negotiation […] The post 212 | Can We Talk? Why women don’t negotiate appeared first on Lodging Leaders.
Nashville, Tennessee, is home to the country’s first tri-branded Marriott hotel. Developed by North Point Hospitality Group, the 470-room limited-service property consists of transient brands AC Hotel and SpringHill Suites, and Residence Inn, an extended-stay hotel. Located in downtown’s SoBro neighborhood where government offices are located, the $140 million complex is also across from Music […] The post 211 | Triple Whammy: Tri-... Read more
African American travel is a $63 billion industry. That’s how much black leisure travelers generated for the U.S. travel and tourism economy in 2018, reports Mandala Research. The December report is a follow-up to Mandala Research’s 2010 study on the same topic. The new information shows a $25 billion increase in travel spend by African […] The post 210 | Black-Owned Hotels: NABHOOD opens doors to opportunity appeared first on Lodg... Read more
“These stories can only be told by us.” Those words are written by Bharat Shah, an American hotelier and an immigrant from India, in his autobiography “America My Destiny.” Bharat’s son, Mit, is founder and CEO of Noble Investment Group, which has $3 billion of private equity invested in hotels throughout the country. Together, father […] The post 209 | American Tales: Hotel industry execs tell all appeared first on Lodging Leaders... Read more
Is your hotel’s website accessible to people with disabilities? If you don’t know the answer to that question, you’ll probably end up in court. In this episode, we examine what’s behind the dramatic spike in website accessibility lawsuits being filed against businesses under the Americans with Disabilities Act. And why commercial enterprises found to be […] The post 208 | Surf-By Lawsuits: Hotel websites in legal crosshairs appeare... Read more
Almost two years ago, Trump Hotels introduced Chawla Hotels to the world as the first developers of the company’s new brands Scion and American Idea. Though Trump Hotels in February announced it was pulling out of development deals in Cleveland and other nearby towns, the Trump effect will be more than a footnote in Mississippi’s […] The post 207 | “Today’s Not the Day”: Why Trump Hotels changed course in the Mississippi Delta appe... Read more
The federal government’s efforts to curb family migration to America is a key concern for many foreign-born residents in the U.S. and their children, including the Indian American community, which has used the method over the past 50 years to grow into an economic powerhouse of business owners, including their domination of the hotel industry. […] The post 206 | The Business of Immigration: Family migration to U.S. under threat app... Read more
Today’s report takes a look at a newcomer to hotel fund raising – the Investing in Opportunity Act, and the capital pools and projects the federal law is generating. While the U.S. Department of the Treasury and the IRS are still working on the act’s punch list, many hotel developers and private equity groups are […] The post 205 | Opportunity Zones Create 21st Century Gold Rush appeared first on Lodging Leaders.
This week, Lodging Leaders focuses on women in hospitality, and the long road ahead for those who want a lead role in the industry. You’ll hear from … Peggy Berg, founder of Castell Project Jeffrey Tobias Halter, corporate gender consultant and founder of Why Women Beth Milano, manager at Ruckus Wireless Kris Gathright, executive vice president and […] The post 204 | Bias and Backward Thinking: What’s holding women back appeared fi... Read more
This week, Lodging Leaders focuses on the scourge of human trafficking and its impact on the U.S. travel industry, including hotels. You’ll hear from … Brad Myles, CEO of Polaris, operator of the National Human Trafficking Hotline Ed Bastion, CEO of Delta Air Lines Camila Wright Zolfaghari, vice president of policy at the trafficking-prevention group […] The post 203 | Human Trafficking in Hotels Happens Every Day appeared first on... Read more
This week, Lodging Leaders focuses on Mitch Patel and his company, Vision Hospitality Group in Chattanooga, Tennessee. We will hear from Mitch about how he has remade Vision Hospitality Group to capture new segments of travelers and capitalize on new and emerging trends in guests’ needs, wants and expectations. We also hear from others involved […] The post 202 | Mitch Patel Redesigns the Future of Vision Hospitality appeared first... Read more