BONUS SHOW: Hotel WiFi Strategies for a Data Dominant World
No Vacancy Live and No Vacancy News
Release Date: 01/26/2017
FNA 222: The Quest for Hospitality Avalon
No Vacancy Live and No Vacancy News
Michael Goldstein has a cocktail for every time of day and a succession plan that apparently depends on how much hes had to drink. Naturally, we invited him onto Friday Night Audit! Michael and of join Glenn, , and for a few drinks and plenty of laughs. We get into absurd hotel brand requirements, the latest from The Lodging Conference, and Michaels tradition of holding staff meetings on his boat. David also weighs in on when he might inherit the keys to the company. Plus, its the championship round of our Hotel Pet Peeves Tournament! Outlet Desert takes on Always Hidden Lamp Switches...
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What Hotel Owners Want From Brands Right Now
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During , , Chief Development Officer, Americas, at , and I talk about a shift reshaping hotel development: owners at the end of a franchise agreement care far more about performance than the deal they signed years ago. Mark hears the same message again and again from owners: key money, fees and term length still count, but stronger results drive the next decision. That helps explain why IHG says Garner now ranks as the fastest-scaling brand in company history. Mark also shares how IHG uses brands like Hotel Indigo and Ruby to give owners more options across and conversions. Hear how Mark...
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How My Place Hotels Makes Small-Market Hotel Development Work
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Hotel development costs keep climbing, and smaller markets present an even tougher challenge. But My Place Hotels fits 63 extended-stay rooms on just 1.25 acres, creating opportunities where larger hotel projects struggle to pencil out. Last month, when I attended the My Place Hotels of America conference, I caught up with COO Matt Campbell about the company's growth strategy and its decision to bring back Trend Hotels by My Place, a flexible brand that gives owners another option in the #HotelConversion market. My Place is expanding its footprint across the country, and Matt shared that the...
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The Hidden Cost of Hiring the Wrong Hotel Employees
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During The Lodging Conference, Greg O'Stean, Chief Development Officer at Hotel Equities, and I tackled a familiar #Hospitality hiring dilemma. You need people, you've got open positions, and the temptation to fill those vacancies quickly is enormous. But hiring the wrong person creates problems for management, disrupts the entire team and leaves everyone dealing with the consequences long after the new employee starts. Greg calls it "locker room poison," and his philosophy applies to everyone from front desk associates to senior executives. He's taking his time filling positions on his own...
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Outrigger Is Reinventing Its Hotels. Here's the Strategy.
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Outrigger Hospitality Group is spending $100 million renovating Outrigger Waikiki, taking the property, as CEO Jeff Wagoner puts it, "all the way down to the concrete." And the company is preparing to relaunch its brand after an extensive transformation of its hotel and resort portfolio. During The Lodging Conference, No Vacancy News host Glenn Haussman catches up with Jeff Wagoner, President & CEO of Outrigger Hospitality Group, about the company's ambitious renovation strategy and what comes next for one of hospitality's most recognizable resort brands. With major projects in Hawaii and...
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The Hidden Inefficiencies Costing Hotels Money
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During The Lodging Conference, Shozib Khan, SVP of Strategic Asset Performance at Spire Hospitality, and I tackled a frustrating reality of #HotelTechnology: Hotels collect mountains of data, yet employees still waste time hunting for basic information. Think about a room attendant knocking on five doors just to find an empty room. Multiply those wasted minutes across an entire hotel portfolio, and the opportunity for #AI becomes obvious. But Shozib challenges the industry's focus on cutting labor hours. He sees a bigger opportunity in giving employees their time back, improving productivity...
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How Raines Finds More Profit Inside Existing Hotels
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During The Lodging Conference, Kerry Ranson, President Operations/Partner of Raines, and I talk about why more hotel owners now question whether their management company still fits the asset. Debt costs rise, expenses squeeze margins and topline growth doesn’t guarantee stronger profit. Raines owns hotels, so Kerry looks at third-party management through the same lens as the owner. He explains where fresh eyes uncover missed revenue, why asset value deserves more attention than a month-end statement and how Raines finds additional income inside hotels without chasing growth for growth’s...
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Why Hoteliers Have More Pricing Power Right Now
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During , , President of told me his Q4 booking pace is up double digits across group, transient, meetings and events, with Q1 tracking the same way. That’s quite the different story than the broader economic mood. Low supply gives hoteliers pricing power, and Joseph thinks they need the confidence to use it. We also get into the value-minded traveler and how AI helps hotel teams spend more time with guests, create a more personal experience and support stronger pricing without losing the human side of . Watch this one to hear why Joseph feels so bullish on and where he thinks hoteliers...
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How Higher Interest Rates Are Reshaping Hotel Investment
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I’m at with , CEO of , talking about what happens when the cost of money moves faster than the economics of a hotel deal. Greg walks through a hypothetical $25 million loan where annual interest expense jumps from about $1 million to $2 million. Add higher operating costs and the margin for error gets very thin. Owners must drive more revenue, protect NOI and take a much harder look at what an asset is really worth. We also get into the odd split in today’s market: developers face tougher economics while existing owners benefit from less new supply. Higher rates keep changing ...
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What Higher Interest Rates Mean for Hotel Deals
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Ryan Bosch of Arriba Capital joined me at The Lodging Conference to talk through one of the toughest parts of the hotel investment market right now: the numbers keep moving faster than the deals. Treasury yields jumped more than 100 basis points, refinancing got more expensive and buyers started reworking assumptions almost overnight. Ryan explains why that could slow acquisitions, push some owners toward a sale and put more pressure on hotel values as the market adjusts. At the same time, there’s still plenty of debt capital looking for a home, which creates a very different dynamic than...
info_outlineDuring this in-depth show you'll learn all about:
- Tips for hotels and other venues to maximize their bandwidth and keep up with the increasing demands being placed on guest Wi-Fi networks
- Addressing data privacy concerns for guests when using guest Wi-Fi networks
- Up-and-coming trends such as data analytics, online search using voice as an interface, etc.