Published in Hotel News Now. It’s true every budget season, but particularly in today’s economic climate: Budgets and business plans must align with the owner’s investment objectives. As operators, owners and asset managers prepare for the 2020 budget season, it is important to view the business plan from an “owner investment” lens to ensure that..

Article published by LODGING. The State of the Industry Right away, the panelists noted that while the hotel industry continues to do well, the industry isn’t as solid as it was.  Russo said that her outlook isn’t optimistic, and that industry has seen quite a bit of deceleration over the past couple of years. “I..

Article published by HOTELS. It’s hard to find workers willing to scrub bathrooms and wash pots and pans. With the U.S. national unemployment rate at a 50-year low and properties opening every month, hotel operators are scrambling to recruit workers and keep them engaged. Shortages for housekeepers and kitchen staff are acute. “The availability of..

Did you miss the NYU Hospitality Conference?  Don’t worry, just read hotelAVE’s Key Conference Takeaways! Overall Conference Sentiment: We are nearing the end of the cycle. Every prognosticator decreased their 2019 RevPAR growth forecast (most now at 2.0%) and they are leaving themselves room to take it down further as the year progresses. Rate is..

Article published by Luxury Hoteliers. An insider look at what Asset Managers are looking for when considering a new property. Romy shares how the industry has changed over the last ten years and how the experiential factor and the psychographics behind the decisionmaking process really matter. What do you believe are the top 3 criteria..

Article published by HospitalityNet. The U.S. hotel industry is inching along in opening paths for women to reach senior executive and C-suite roles, but data shows that women still aren’t widely seen in roles within finance and operations. REPORT FROM THE U.S.—Women are roughly one-fifth as likely as men to get C-suite positions and roughly..

Travel and Leisure’s original press release available here. The 14th annual It List, a selection of the best new and renovated hotels in the world, was released today. Each year travel experts check in to hundreds of new hotels around the globe in search of the properties that offer a winning alchemy of setting, design,..

Did you miss the 2019 ALIS Conference? Don’t worry, hotelAVE is here to provide you with all of the industry news and insights you might have missed. Stable (albeit Decelerating) Fundamentals: RevPAR will continue to grow driven by corporate travel in 2019 (+2.7%) and will peak in 2020 (+2.0%) before declining in 2021 (-0.6%). Wage..