902: Navigating Rate Cuts, Recession Fears, and Flexibility in the Hotel Industry
No Vacancy Live and No Vacancy News
Are interest rate cuts about to shake up the hotel industry? Our latest podcast dives deep into this hot topic with Anthony and Glenn! 📉 Here’s a taste of what we discussed: Will a half-percent rate cut really change the game for hotels? How are rate cuts greasing the wheels for hotel deals and lending opportunities? As we approach 2025, why are rising salaries, taxes, and expenses concerning hotel owners? The big question: What happens if transient demand softens, while group business thrives? 🏨 💡 Plus, we share thoughts on the future of flexible working models in hotels and how...
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ESLA Icons & Experts: Profitability from Sustainability
No Vacancy Live and No Vacancy News
Rick West is a sustainability expert from Commercial Green Solutions. His specialty, getting you money for doing the right thing. With the extended stay segment booming, Rick shares practical ways hotels are embracing sustainability while reducing costs and increasing profitability. Today’s cohost is the amazing Matt Hostetler, CDO of Red Roof. Thanks to Red Roof franchising and Dellisart Hospitality for sponsoring this episode. RedRoofFrachising.com Dellisart.com Key Takeaways: Current state of sustainability: The rapid growth of the extended stay market and its need for sustainable...
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900: Redefining Hotel Design with Instagrammable Moments & Experiential Spaces
No Vacancy Live and No Vacancy News
In this episode of No Vacancy Live, Glenn has a phenomenal guest— from . Together, they discuss the evolving world of hotel design, including experiential spaces, biophilia, and how social media is reshaping how guests interact with hospitality environments. Tune in as Monika shares her insights on: The importance of Instagrammable moments and how they create free marketing for hotels. Shifting from static design to dynamic, film-like spaces that align with social media trends. The role of biophilic design in improving guest experiences and well-being. The...
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Hospitality Legislative Update with AHLA Interim CEO Kevin Carey | Per Diem Increases, NYC Hotel Legislation & More
No Vacancy Live and No Vacancy News
Interim CEO of the American Hotel and Lodging Association (AHLA), Kevin Carey shares the latest legislative updates impacting the hospitality industry, including upcoming per diem rate increases and some insane and controversial potential legislation in New York City. Key discussion points include: Per Diem Rate Increases: Effective October 2024, lodging and meal allowances for federal travelers are rising, directly benefiting hotel businesses. Government Business Opportunities: How hoteliers can secure more government business for financial stability. New York City Legislation: Breaking...
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FNA 152: A Koch and a Smile
No Vacancy Live and No Vacancy News
Join Glenn and Craig for a “hilarious” and laid-back episode of Friday Night Audit, our Happy Hour Comedy Podcast! This week, we’re thrilled to welcome Michael Koch from the Michael Koch Group, a first-time guest who brings a wealth of experience and a great sense of humor. Grab your favorite drink and get ready for some real-time networking, funny stories, engaging conversations, and not so good one liners. 🍻 In this episode: Meet Michael Koch: Discover his journey from the military to working with top companies like Ritz-Carlton, Nextel, and Samsung. Real-time Networking: Watch as...
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899: Designing Immersive Experiences
No Vacancy Live and No Vacancy News
Designer Paul Bishop shares his expertise on creating unforgettable hospitality experiences. From his work in Dubai's iconic developments to his latest projects, Paul discusses the power of design in shaping memorable guest journeys. Discover how he blends creativity, functionality, and storytelling to craft unique and captivating spaces. Learn about the latest trends in hotel design, the importance of immersive experiences, and the challenges and opportunities in the evolving hospitality landscape. Main Points: The role of design in creating memorable hospitality experiences Insights into...
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ESLA Icons and Experts: Paul Novak's Journey & Insights
No Vacancy Live and No Vacancy News
Join us in this insightful episode as we dive into the fascinating journey of Paul Novak, a seasoned hotel industry veteran with over 54 years of experience. Paul shares his story, from his early days in hotel development to his involvement with the extended stay segment, including his experiences with iconic brands like Marriott, Residence Inn, and Woodspring Suites. Discover the secrets behind his success, the challenges he faced, and the discipline required to thrive in the ever-evolving hospitality landscape. Whether you're a seasoned hotelier or just starting out, this episode offers...
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Inside the Extended Stay Experience: Marketing Innovations with My Place Hotels
No Vacancy Live and No Vacancy News
Jeff Thomas is VP of Marketing at My Place Hotels. We chatted about the unique marketing strategies required for extended-stay hotels. Recorded during the My Place Hotels Annual Conference, this episode covers: • How My Place leverages its brand website and OTAs to attract long-term guests. • The importance of storytelling in creating an emotional connection with potential guests. • New technologies like virtual tours to enhance customer online experiences. • Insights on marketing to construction crews, nursing teams, and corporate contracts. • Collaboration between marketing...
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Blazing New Trails: Behind the Success of My Place Hotels with Ryan Rivett
No Vacancy Live and No Vacancy News
Ryan Rivett, is not just a CEO but the driving force behind My Place Hotels. We discuss discuss the incredible growth and vision of the brand. From the company's 6th convention to the introduction of "My Place 3.0" and the future of the conversion brand Trend, Ryan talks about the company's unique approach to blazing new trails, how they are empowering the next generation of leaders, and the importance of partnerships and delegation. Main Points: Growth and excitement at the 6th My Place Hotels convention Introduction of "My Place 3.0" and its new prototype Expansion with franchisees and...
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Rewarding Guests To Maximize Hotel Loyalty - My Place Hotels
No Vacancy Live and No Vacancy News
Irene Roberts, VP of Loyalty at My Place Hotels of America, and I are kicking off the My Place 2024 Conference in Tucson. We discuss the significance of guest loyalty in the hospitality industry, particularly in the economy sector. Irene shares how My Place Hotels’ loyalty program, Stay Rewarded, enhances the guest experience by offering immediate rewards for long-term stays. We also discuss the challenges of encouraging hotel participation, the program’s success with over 310,000 members, and future growth strategies. *Importance of guest loyalty in the economy sector *Overview of the My...
info_outlineWhile some supply related issues are working themselves out, others are becoming more acute. We speak with Mark Friesen, Principal at Beyer Brown & Associates regarding managing the issue and keeping hotels stocked, renovated and ready for business.