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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Thought Leadership

IREI podcast featuring Michelle on “How the hotel sector outperformed expectations”

How the hotel sector outperformed expectations Not only was there no pandemic-induced bloodbath for hotels, but the lodging industry actually exceeded expectations. Michelle Russo, founder and CEO of Hotel Asset Value Enhancement (hotelAVE), joins the program to discuss how hotels finessed the situation, and why she sees opportunities for innovations and heightened profitability going forward...
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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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Repositioning for Recovery
Lodging Magazine

Deciding Factors When Determining a Hotel Brand or Flag Change COVID-19 has created a myriad of troubles for hotel owners—and sometimes trouble means opportunity. As the industry slowly rebounds, savvy owners may see this as a good time to evaluate their hotel brand flag. With over 350 hotel brands, there is little reason to stick..
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NYU 2021

Unable to attend the 2021 NYU Conference? Check out hotelAVE’s Key Conference Takeaways!   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. 2) UNCERTAINTY IN UNDERWRITING RECOVERY AND      INFLATION IMPACT While..
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Distressed Hotel Assets in the Americas post-COVID-19

One thing we can say with certainty is that it won’t be easy, nor even, and it will take some time. As with any prior major disturbances to the hospitality industry, there will be some winners and losers. With assets under management from Argentina to Canada, we at HotelAVE have been designing solutions for our..
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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 hotel rooms and other revenue sources, marketing the business, managing hotel bank accounts, and purchasing operating supplies, to name a few. ..
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