In the age of social media dominance, providing an experience that’s not only memorable but also shareable is crucial for attracting and retaining guests. You may have a highly engaged online audience along with numerous loyal in-person hotel patrons. But is that audience one-in-the same?
'IFYKYK' is the unspoken acronym for quiet luxury. It has sprawled beyond HBO's 'Succession' fashion and is now very much the center of travel. Where can one go to stay and experience the ultimate hospitality and great R&R without being looked up and down by others prying to see if their Louis Vuitton is this season?
Embarking on a hotel renovation? Armed with a Property Improvement Plan (PIP) but unsure where to start? We've got you covered with insights learned at the recent Hunter Hotel Investment Conference in Atlanta where industry experts spoke from a diverse range of experience on one of our favorite topics - PIPs and Capex investments.
Our clients typically want to understand the current and past trends of the lodging industry and how it may impact their project or its ownership structure and overall financial performance. To this point, Grey Hospitality has collected industry data on the past few years and placed in this addenda items to our research.
During his recent conversation with Ryan Embree for the Hospitality Trailblazers series on the Suite Spot podcast, President and CEO Charles E. Oswald talked through his trends and predictions for 2024. Here, Charles expands on those thoughts.
The Americas Lodging Investment Symposium has just concluded, and Aperture Hotels CEO Charles Oswald is back with key takeaways from this year’s meeting of hotel owners, investors, and operators.
Current trends indicate that the industry is reporting a decline in many markets for leisure travel (Thursday - Saturday as many consumers are getting out priced in the market), while group travel remains strong; with a slight increase in corporate bookings (Monday - Wednesday travel). The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.
RevPar is no longer only tied to room revenue at your property - it's the total square footage. This is not groundbreaking news, but ask yourself this question. What are you doing to drive revenue separately from your room rate strategy? It is time to invest energy into thinking beyond the room and amenity packages that will lead you to discover ways to drive revenue beyond nightly stay and food and beverage.
In the fast-paced world of hospitality, staying ahead of the curve is crucial for success. As we step into 2024, the landscape of social media for hotels continues to evolve, presenting both challenges and opportunities. Let's explore some of the emerging trends hotel professionals need to embrace to enhance their online presence, engage with guests, and ultimately drive bookings.