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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Category: Asset Management

Michelle Russo of Hotel Asset Value Enhancement on How to Create a Travel Experience that Keeps People Coming Back for More

Michelle Russo of Hotel Asset Value Enhancement on How to Create a Travel Experience that Keeps People Coming Back for More. Enhanced technology — digital chat functions that address guest requests (instead of calling the operator and possibly being put on hold or getting the request wrong), increased adoption of mobile check in, and technology..
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Travel Daily News article on Branded All-Inclusive Resorts

Travel Daily News article on Branded All-Inclusive Resorts. Once considered primarily a hospitality segment catering to budget-conscious travelers, today’s major all-inclusive companies offer a sophisticated guest experience and a wide array of amenities and services at various price points. These customized and high-end products and services help create lasting memories among a more demanding clientele...
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Five Tips To Profit As Pent-Up Demand Finally Emerges

When Omicron hit in full force, the rate of RevPAR recovery (as a percentage of 2019) in January and February stepped down from December’s level as consumers cancelled upcoming trips in the short-term and delayed future travel planning. As a result, nationwide occupancies dipped to 84% of 2019 levels during the first three weeks of January 2022, compared to above fair share in certain weeks in December, based on STR data.
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hotelAVE NYU Conference 2021 Takeaways

Unable to attend the 2021 NYU Conference? Check out hotelAVE Takeaways on NYU Conference! hotelAVE Takeaway #1: GREEN SHOOTS DRIVING CONFIDENCE STR forecasting nominal RevPAR recovery one year earlier – now 2023. Return of international travel, expected business and strong group pace bodes well for 2022. hotelAVE Takeaway #2: UNCERTAINTY IN UNDERWRITING RECOVERY AND INFLATION..
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People on the move at hotelAVE, Louvre hotels and HSMAI

Executive roles are being filled at hotelAVE and Louvre Hotels Group, while the Hospitality Sales and Marketing Association International (HSMAI) has introduced its 2021 Americas board. Here’s a look: Stephen Stoycos joins hotelAVE as EVP of hospitality advisory & consulting: Hotel Asset Value Enhancement (hotelAVE) has appointed Stephen Stoycos as EVP of the firm’s hospitality..
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Hotel Management Companies Versus Hotel Asset Managers – What’s the Difference?

Hotel operators have many responsibilities that typically center around “day to day operations”, including hiring and training employees, ensuring high guest satisfaction, defining operating procedures, complying with brand standards, complying with local laws, pricing rooms and other revenue sources, marketing the business, managing bank accounts, and purchasing operating supplies, to name a few.  While they..
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Hotel Asset Management: A Guide

While general real estate asset management has existed for decades, hotel asset management evolved as a specialization beginning in the early 1990s, and for good reason.  To maximize hotel real estate value, owners need hotel asset managers qualified un-biased advocates with specific expertise in hotel operations, real estate and capital markets. Interested in learning more..
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Beyond Benchmarking – A simple statistical approach to unlocking value in food and beverage pricing

When hotel managers determine the prices associated with room revenue, they apply a rigorous approach that draws on industry and market data. This allows hotel managers to optimize room pricing for their market, balancing supply, demand, services, and brand. Considering the rigor applied to room revenue pricing decisions, it is remarkable that the approach to..
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