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

NYU 2019 Hospitality Conference Key Takeaways

Did you miss the NYU Hospitality Conference?  Don’t worry, just read hotelAVE’s Key Conference Takeaways! NYU Conference Key Takeaway #1: 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..
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Luxury Hoteliers Spotlight on Romy Bhojwani

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..
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Hotel Industry Finance Roles Lack Female Representation

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..
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Best Hotels in the World Named

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, and service. The experts then collaborate with global..
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The Next Frontier in Revenue Management

By  Romy Bhojwani Article published by Hotel News Now. Savvy revenue managers should look for opportunities beyond just room revenue, such as in group meeting and banquet spaces. Here are some things to consider when refining the M&E strategy. In their quest for revenue per available room Index, most revenue managers miss other high profit..
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Owners Adopt New Practices With Fees and Surcharges

Article published by Hotel News Now. Asset managers and owners recognize that amenity and resort fees are a viable source of revenue. Now the trend is expanding into urban luxury and full-service hotels, but experts urge hoteliers to take a careful approach. REPORT FROM THE U.S.—Surcharge fees collected by U.S. hotels are on the rise..
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Numbers-savvy Hotelier Builds on a Legacy

Article published by Hotels Magazine. A self-proclaimed “egghead,” Andrea Olshan knows her numbers, but she also gets the soft side of the business. Olshan is CEO of Olshan Properties, which owns and runs six hotels in Ohio, Georgia, Illinois and Florida, part of a broader commercial portfolio that includes retail, office and residential holdings. She..
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Labor, Airbnb Top of Mind for Asset Managers

Hotel asset managers shared what they believe to be the biggest obstacles facing the hotel industry along with some cost-cutting measures they suggest hoteliers pursue. LEESBURG, Virginia—A tightening labor market and the ever-encroaching presence of alternative-accommodation platforms, such as Airbnb, are the biggest obstacles the hotel industry faces today, according to a group of hotel..
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