Here is a video in the Wall Street Journal this week that begins with a discussion of the structure of the branded hotel industry in the United States, and then veers into a discussion of revenue management. The video gives a lot of creds to Marriott, Hilton and Hyatt, and curiously ignores IHG, as well as two brand companies with a huge footprint in the economy segment: Choice and Wyndham.
Robert Lannan’s Post
More Relevant Posts
-
I guess Hyatt Hotels Corporation CEO reads my LinkedIn posts… This morning, I talked about the power of brand and The Standard Hotel. This afternoon, Hyatt bought them 🤷♂️ ! For more info on who should buy whom in hospitality, just hit the follow button!
-
-
Two-thirds of U.S. hotels carry the name of a major brand. But companies like Marriott Hotels, Hilton and Hyatt Hotels Corporation don’t own or even run most of the properties. They have adopted a business model that focuses on managing and franchising hotels rather than owning them. This approach allows for rapid expansion and reduced risk. Here’s what’s behind that strategy and what it means for consumers. #HotelIndustry #HospitalityInvestment
Why Marriott, Hilton and Hyatt Don’t Own Nearly 99% of Their Hotels
wsj.com
-
Partner at Fande Sp. z o.o ( formely known as Chairconcept.com Sp. zo.o. ) and Tossi Sp. z o.o.
Good to know
Two-thirds of U.S. hotels carry the name of a major brand. But companies like Marriott Hotels, Hilton and Hyatt Hotels Corporation don’t own or even run most of the properties. They have adopted a business model that focuses on managing and franchising hotels rather than owning them. This approach allows for rapid expansion and reduced risk. Here’s what’s behind that strategy and what it means for consumers. #HotelIndustry #HospitalityInvestment
Why Marriott, Hilton and Hyatt Don’t Own Nearly 99% of Their Hotels
wsj.com
-
In the first quarter of 2024, several major hotel companies saw their revenues down — or lower than expected — but their development pipelines were up. Marriott International posted U.S. and Canada RevPAR growth down 1.5% year over year, while IHG Hotels & Resorts’ Americas RevPAR declined 0.3% year over year, and Wyndham Hotels & Resorts saw U.S. RevPAR decline 5% year over year in the quarter. Similarly, Choice Hotels International’s total revenues were down compared to the same time last year. Hilton posted year-on-year RevPAR growth of 2% for the first quarter, though CEO Chris Nassetta said the performance was “in the low end of our expected range.”
-
Surpassing guest expectations isn't just beneficial... It's essential for standing out in the hospitality industry. By offering more than what's anticipated, you provide guests with compelling reasons to choose your brand over others. This strategy not only fosters loyalty but also significantly boosts revenue. Knowing what your guests commonly expect is the foundational step in this endeavor. Explore the top 7 expectations of hotel guests below 👇 #sbit #hospitality #guestexperience
-
What's New to TheStreet... 🏨 Hyatt to Acquire Standard International in Lifestyle Push 🏨 Hyatt is stepping up its game by acquiring Standard International, with plans to form a new lifestyle group. The new group will be led by Executive Chairman Amar Lalvani, marking an exciting chapter in the hospitality world. What are your thoughts on this bold move? Share below!👇🏻 👉🏻Follow New To The Street for more! #hyatt #hospitality #lifestyle #hotels #acquisition #travelnews #businessupdate #businessnews #business #news #newtothestreet
-
-
Rewriting the Rules of Hotel F&B | Founder of Award-Winning Auden Hospitality | Podcast Host | Keynote Speaker
95% of hotel F&B is the same. 4% try to change but won't take the risk. 1% nail it. It's easier than you think To join the 1% This is how 👇🏻 ✔️ Clear concepts ✔️ Curated experience ✔️ Constantly innovate ✔️ Know your guests ✔️ Analyse every touchpoint ✔️ Collaborate ✔️ Eliminate menial tasks It's time to change opinions about F&B in hotels? And I'm on a mission to help hoteliers think differently Who’s joining in? 🙋🏼♂️ #innovation #success #hospitality #hotels
-
COMING UP @ 7:30 PM | The Wealth Creators— Will premiumization remain a key trend in the Hospitality industry? #Watch as Sanjay Sethi shares the journey of Chalet Hotels on this episode of 'The Wealth Creators' Stay Tuned! Ajaya Sharma Chalet Hotels Limited
-
Today's Revenue Management thought:- Don't Use 'Price Sensitivity' as an Excuse ! Here’s why….. Hotel stays are complementary goods, influenced by factors beyond just room rates, challenging the traditional understanding of price sensitivity. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing
-
Hospitality industry investment expert - talks about investment, operations and technology in the hotel sector
It is not just about conversions for the hotel brand company majors. In this week's HA Perspective from Hotel Analyst, we discuss the role of reservations, loyalty and property technology as systems of growth. It's in our story on the first quarter results from Marriott International and IHG Hotels & Resorts. We argue that the offer for owners is better defined than ever. Read more on our website. #hotelinvestment #hotelindustry
-
Financial Services and Operations Transformation Leader
6moThanks for sharing this video. You are right-they touched on the franchising business but did not highlight Choice.