from Forbes (Nov. 5, 2014)
Starwood Hotels HOT -1.36% & Resorts Worldwide followed Hilton Hotel’s example this week with the introduction of a smartphone app that allows guests to access their rooms via their smartphones. The appeal of the technology is obvious for users, especially Millennials at whom these offerings are aimed. More
Bernard Baumohl of The Economic Outlook Group is an extraordinary economist. He was able to paint the U.S. macroeconomic environment in a clear, concise fashion at the 20th annual The Lodging Conference this past week. “The economy has been expanding for 6 years and has the legs to continue the expansion through 2017,” according to Baumohl. “It makes sense that the expansion will continue for a while since we had such a slow start in 2009-2012,” he added. More
from Phoenix Business Journal (October 2, 2014):
ASU professor opens first hotel in PhoenixThe Metro Plaza Hotel in Northwest Phoenix has a new owner and is slated to reopen in December 2014. It is being fully remodeled as a Radisson property and will be managed by San Diego-based R.A. Rauch & Associates. “We have been watching the Phoenix hospitality market closely and…Read more…
The hospitality industry is changing by the minute and this often creates challenges for hoteliers to keep up with the latest trends, drive profits and increase guest satisfaction. As 2015 quickly approaches, it is important to put together an actionable business plan, in particular a “digital business plan!” If you are the architect of your hotel’s business plan, think like one. An architect does not toss together a stack of Lego blocks and hope they will fit together. A written business plan is paramount to all entrepreneurs and business owners. What does it entail? It is actually simple.
from Hospitalitynet (Aug 29, 2014)
Naked bootleg is a term used in football whereby the quarterback runs counter to his blockers and tries to create a run or pass opportunity with no help from his blockers. With changes in the economy, new products entering our market and brands trying to out smart other brands, we are operating our businesses naked. We are trying to develop new strategies in the ways we operate and market our hotels while trying to stay ahead of game changers such as new technology, savvy customers and new product in our markets.