U.S. Lodging Industry 2017
|
|
|
- Julianna Ray
- 6 years ago
- Views:
Transcription
1 U.S. Lodging Industry 2017 Record Fundamentals; Declining Growth Yet Growth Nonetheless; Yields:?????? Presented by: Daniel Lesser, President & CEO LW Hospitality Advisors 200 West 41 st Street, Suite 805 New York, NY USA (212) X101 November 15, 2017
2 U.S. Lodging Industry: October 2016 Cautious Optimism LW Hospitality Advisors Page 2
3 U.S. Lodging Industry: November 2017 Cautious Optimism LW Hospitality Advisors Page 3
4 U.S. Hotel Industry Macro Overview Economy Jobs 1/1/2009 1/1/ /1/2017 Contracting Declining Expanding (Slowly) Increasing (Slowly) Expanding Increasing Consumer Spending Declining Increasing Increasing Business Spending Declining Increasing Increasing Supply Growth Accelerating Muted Accelerating Room Night Demand Declining Record Levels Continued Record Levels U.S. Hotel Performance Projected 2017 Projected 2018 Supply 2.6% 3.2% 2.0% 0.6% 0.5% 0.7% 0.9% 1.1% 1.6% 2.0% 2.1% Demand 1.9% 5.8% 7.8% 5.0% 3.0% 2.2% 4.5% 2.9% 1.7% 2.0% 1.9% Occupancy 4.4% 8.7% 5.7% 4.4% 2.5% 1.5% 3.6% 1.7% 0.1% FLAT 0.2% ADR 2.7% 8.8% 0.1% 3.7% 4.2% 3.9% 4.6% 4.4% 3.1% 2.3% 2.5% RevPAR 1.8% 16.7% 5.5% 8.2% 6.8% 5.4% 8.3% 6.3% 3.2% 2.3% 2.3% Source: STR, Inc. LW Hospitality Advisors Page 4
5 Random Dan Lesser Thoughts Hotels are fundamentally long term hold assets Generally, from 2015 peak hotel values today: best flat; worst down 10% New supply issues, if any, are submarket based Smart money seeking yield in secondary and tertiary plus markets OTA s are not partners for hotel industry Airbnb s claim of being a champion of the middle class is at best misleading Airbnb s accusation of hotel sector price gouging is disingenuous Lodging industry should follow airline sector unbundling of services and amenities Boycotting travel to U.S. is counterproductive LW Hospitality Advisors Page 5
6 U.S. Hotel Industry SWOT Analysis- Strength Two consecutive years of industry record rooms revenue operating metrics LW Hospitality Advisors Page 6
7 U.S. Hotel Industry SWOT Analysis- Strength USA: Freedom, safety, and security LW Hospitality Advisors Page 7
8 U.S. Hotel Industry SWOT Analysis- Strength Increasing U.S. Gross Domestic Product LW Hospitality Advisors Page 8
9 U.S. Hotel Industry SWOT Analysis- Strength Record U.S. stock market metrics LW Hospitality Advisors Page 9
10 U.S. Hotel Industry SWOT Analysis- Strengths Nation in second largest housing boom ever LW Hospitality Advisors Page 10
11 U.S. Hotel Industry SWOT Analysis- Strengths U.S. consumer confidence highest in 17 years LW Hospitality Advisors Page 11
12 U.S. Hotel Industry SWOT Analysis- Strength Sector now a $200 billion industry LW Hospitality Advisors Page 12
13 U.S. Hotel Industry SWOT Analysis- Strength U.S. hotel industry revenue & house profit reached all-time highs in 2016 LW Hospitality Advisors Page 13
14 U.S. Hotel Industry SWOT Analysis- Strength Nation s demographic trends boosting demand for experiences over physical goods s LW Hospitality Advisors Page 14
15 U.S. Hotel Industry SWOT Analysis- Strength Nationwide new hotel supply is not devastating LW Hospitality Advisors Page 15
16 U.S. Hotel Industry SWOT Analysis- Strength Construction labor shortage LW Hospitality Advisors Page 16
17 U.S. Hotel Industry SWOT Analysis- Strength Banks tighten construction lending standards LW Hospitality Advisors Page 17
18 U.S. Hotel Industry SWOT Analysis- Strength Group meeting demand is growing LW Hospitality Advisors Page 18
19 U.S. Hotel Industry SWOT Analysis- Strength Continued low interest and cap rate environment LW Hospitality Advisors Page 19
20 U.S. Hotel Industry SWOT Analysis- Strength Abundant availability of debt and equity LW Hospitality Advisors Page 20
21 U.S. Hotel Industry SWOT Analysis- Strength Continued strong pricing LW Hospitality Advisors Page 21
22 U.S. Hotel Industry SWOT Analysis- Strength Technological advances = increased operating efficiencies LW Hospitality Advisors Page 22
23 U.S. Hotel Industry SWOT Analysis- Strength Hotels are durable brick and mortar businesses LW Hospitality Advisors Page 23
24 U.S. Hotel Industry SWOT Analysis- Strength H.R Save Local Business Act LW Hospitality Advisors Page 24
25 U.S. Hotel Industry SWOT Analysis- Strength LW Hospitality Advisors Page 25
26 U.S. Hotel Industry SWOT Analysis- Strength Airbnb impact and growth slowing LW Hospitality Advisors Page 26
27 U.S. Hotel Industry SWOT Analysis- Weakness Fear of economic recession never far away LW Hospitality Advisors Page 27
28 U.S. Hotel Industry SWOT Analysis- Weakness Strong (though softening) U.S. Dollar (Rapidly changing technology) LW Hospitality Advisors Page 28
29 U.S. Hotel Industry SWOT Analysis- Weakness U.S. travel ban efforts create negative postures & restrictions (Rapidly changing technology) LW Hospitality Advisors Page 29
30 U.S. Hotel Industry SWOT Analysis- Weakness China scrutiny of cross-border capital flows (Rapidly changing technology) LW Hospitality Advisors Page 30
31 U.S. Hotel Industry SWOT Analysis- Weakness Lodging expansion now in its seventh year (Rapidly changing technology) LW Hospitality Advisors Page 31
32 U.S. Hotel Industry SWOT Analysis- Weakness Slow RevPAR growth LW Hospitality Advisors Page 32
33 U.S. Hotel Industry SWOT Analysis- Weakness More hotel brands REALLY? (Rapidly changing technology) LW Hospitality Advisors Page 33
34 U.S. Hotel Industry SWOT Analysis- Threat LW Hospitality Advisors Page 34
35 U.S. Hotel Industry SWOT Analysis- Weakness Airbnb now impacting business travel (Rapidly changing technology) LW Hospitality Advisors Page 35
36 U.S. Hotel Industry SWOT Analysis- Weakness Airbnb launching premium service to compete with luxury hotels (Rapidly changing technology) LW Hospitality Advisors Page 36
37 U.S. Hotel Industry SWOT Analysis- Weakness Target generational confusion (Rapidly changing technology) LW Hospitality Advisors Page 37
38 U.S. Hotel Industry SWOT Analysis- Weakness OTA s now dominate consumer point of entry (Rapidly changing technology) LW Hospitality Advisors Page 38
39 U.S. Hotel Industry SWOT Analysis- Weakness Inventory management challenges (Rapidly changing technology) LW Hospitality Advisors Page 39
40 U.S. Hotel Industry SWOT Analysis- Weakness Industry labor shortage (Rapidly changing technology) LW Hospitality Advisors Page 40
41 U.S. Hotel Industry SWOT Analysis- Weakness Strong influence of labor unions LW Hospitality Advisors Page 41
42 U.S. Hotel Industry SWOT Analysis- Weakness Rising tax burdens (Rapidly changing technology) LW Hospitality Advisors Page 42
43 U.S. Hotel Industry SWOT Analysis- Weakness Rising commercial property insurance rates (Rapidly changing technology) LW Hospitality Advisors Page 43
44 U.S. Hotel Industry SWOT Analysis- Threat Rising interest rates LW Hospitality Advisors Page 44
45 U.S. Hotel Industry SWOT Analysis- Threat Increasing political isolationism LW Hospitality Advisors Page 45
46 U.S. Hotel Industry SWOT Analysis- Threat Technology is diminishing importance of physical location and redefining social interaction LW Hospitality Advisors Page 46
47 U.S. Hotel Industry SWOT Analysis- Threat NASA s supersonic transport LW Hospitality Advisors Page 47
48 U.S. Hotel Industry SWOT Analysis- Threat Hyperloop LW Hospitality Advisors Page 48
49 U.S. Hotel Industry SWOT Analysis- Threat Niido powered by Airbnb LW Hospitality Advisors Page 49
50 U.S. Hotel Industry SWOT Analysis- Threat OTA s moves into hotel ownership LW Hospitality Advisors Page 50
51 U.S. Hotel Industry SWOT Analysis- Threat Resort fees back in the spotlight LW Hospitality Advisors Page 51
52 U.S. Hotel Industry SWOT Analysis- Threat Gatekeepers of technology LW Hospitality Advisors Page 52
53 U.S. Hotel Industry SWOT Analysis- Threat WeWork LW Hospitality Advisors Page 53
54 U.S. Hotel Industry SWOT Analysis- Threat Online hotel booking scams LW Hospitality Advisors Page 54
55 U.S. Hotel Industry SWOT Analysis- Threat Spread of contagious diseases LW Hospitality Advisors Page 55
56 U.S. Hotel Industry SWOT Analysis- Threat Terrorism LW Hospitality Advisors Page 56
57 U.S. Hotel Industry SWOT Analysis- Threat Geopolitical turbulence reaching a tipping point LW Hospitality Advisors Page 57
58 U.S. Hotel Industry SWOT Analysis- Threat Domestic political polarization LW Hospitality Advisors Page 58
59 U.S. Hotel Industry SWOT Analysis- Threat Cyberwarfare LW Hospitality Advisors Page 59
60 U.S. Hotel Industry SWOT Analysis- Threat Climatic events LW Hospitality Advisors Page 60
61 U.S. Hotel Industry SWOT Analysis- Threat Global Warming LW Hospitality Advisors Page 61
62 U.S. Hotel Industry SWOT Analysis- Threat Rising guest acquisition costs Source: Kalibri Labs LW Hospitality Advisors Page 62
63 U.S. Hotel Industry SWOT Analysis- Threat Technology is an enemy of ADR growth LW Hospitality Advisors Page 63
64 U.S. Hotel Industry SWOT Analysis- Threat Drive by lawsuits LW Hospitality Advisors Page 64
65 U.S. Hotel Industry SWOT Analysis- Threat Real time damage control LW Hospitality Advisors Page 65
66 U.S. Hotel Industry SWOT Analysis- Threat Movie theaters: alternate site for conferences LW Hospitality Advisors Page 66
67 U.S. Hotel Industry SWOT Analysis- Opportunity Blurring boundaries between work, play, and travel Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 67
68 U.S. Hotel Industry SWOT Analysis- Opportunity Produce differentiated authentic unique experiences Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 68
69 U.S. Hotel Industry SWOT Analysis- Opportunity Industry well positioned to react to any inflation Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 69
70 U.S. Hotel Industry SWOT Analysis- Opportunity Benefits of potential tax reform Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 70
71 U.S. Hotel Industry SWOT Analysis- Opportunity 2018 corporate hotel rate negotiation equilibrium Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 71
72 U.S. Hotel Industry SWOT Analysis- Opportunity Booking direct campaigns Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 72
73 U.S. Hotel Industry SWOT Analysis- Opportunity Expansion of modular hotel construction Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 73
74 U.S. Hotel Industry SWOT Analysis- Opportunity Develop co-working spaces within hotels Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 74
75 U.S. Hotel Industry SWOT Analysis- Opportunity Expansion of lodging options Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into LW Hospitality Advisors Page 75
76 U.S. Hotel Industry SWOT Analysis- Opportunity Voice-enabled cognitive rooms Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 76
77 U.S. Hotel Industry SWOT Analysis- Opportunity Use of big data Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 77
78 U.S. Hotel Industry SWOT Analysis- Opportunity Late cancellation fees Rapidly changing technology LW Hospitality Advisors Page 78
79 U.S. Hotel Industry SWOT Analysis- Opportunity Availability of smart hotel centric private equity Rapidly changing technology LW Hospitality Advisors Page 79
80 U.S. Hotel Industry SWOT Analysis- Opportunity Multi-brand facilities Rapidly changing technology LW Hospitality Advisors Page 80
81 U.S. Hotel Industry SWOT Analysis- Opportunity On demand model Rapidly changing technology LW Hospitality Advisors Page 81
82 U.S. Hotel Industry SWOT Analysis- Opportunity Mergers & Acquisitions and spinoffs : Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry LW Hospitality Advisors Page 82
83 U.S. Hotel Industry SWOT Analysis- Opportunity Venture capital execution Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 83
84 U.S. Hotel Industry SWOT Analysis- Opportunity Houston, New York City, & Amazon HQ2 City Rapidly changing technology LW Hospitality Advisors Page 84
85 U.S. Hotel Industry SWOT Analysis- Opportunity Unbundling hotel services Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 85
86 U.S. Hotel Industry SWOT Analysis- Opportunity Increased Airbnb regulation LW Hospitality Advisors Page 86
87 U.S. Hotel Industry SWOT Analysis- Opportunity Secondary and tertiary markets Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 87
88 U.S. Hotel Industry SWOT Analysis- Opportunity Post hurricane rebuilding Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 88
89 U.S. Hotel Industry SWOT Analysis- Opportunity Israel bond market: liquidity & low cost of capital Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 89
90 U.S. Hotel Industry SWOT Analysis- Opportunity Demise of telecommuting Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 90
91 U.S. Hotel Industry SWOT Analysis- Opportunity Expansion of hotel branding to yachts and jets Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases LW Hospitality Advisors Page 91
92 U.S. Hotel Industry SWOT Analysis- Opportunity Solar power: viable, affordable, alternative resource Rapidly changing technology Opportunities Industry well positioned to react to any inflationary increases Ancillary revenue opportunities similar to airline industry Hotel brands morph into experiential identities expanding into retail goods and other services No shortage of old functionally obsolete hotel product situated on excellent sites/locations Rapidly changing technology LW Hospitality Advisors Page 92
93 U.S. Hotel Industry SWOT Analysis- Opportunity Theft protection Rapidly changing technology LW Hospitality Advisors Page 93
94 U.S. Hotel Industry SWOT Analysis- Opportunity Unmanned aerial vehicles ( Drones) Rapidly changing technology LW Hospitality Advisors Page 94
95 Final Thought: Moderate Uncertainty LW Hospitality Advisors Page 95
96 U.S. Lodging Industry 2017 Record Fundamentals; Declining Growth Yet Growth Nonetheless; Yields: Cautious Optimism Presented by: Daniel Lesser, President & CEO LW Hospitality Advisors 200 West 41 st Street, Suite 805 New York, NY USA (212) X101 November 15, 2017
WELCOME REMARKS AND INTRODUCTION
WELCOME REMARKS AND INTRODUCTION Cliff Risman Partner, Gardere Wynne Sewell LLP 10 YEARS STRONG DHC CONTINUES TO GET BIGGER AND BETTER! Attendance 700 600 500 400 300 200 100 0 2005 2006 2007 2009 2010
Traditional hotel performance evaluation using calculations of supply and
Demystifying the Digital Appendix Marketplace: 1 Executive Summary Traditional hotel performance evaluation using calculations of supply and demand has evolved with the digital marketplace into a new approach.
Kalibri Labs & Distribution Channel Analysis
Kalibri Labs & Distribution Channel Analysis Study Issued in 2012 Company formed in 2012 Inspired by findings that emerged from the Distribution Channel Analysis Analyzing 2.5B transactions annually Data
Hospitality trends. Observations from EY s Greater Los Angeles Hospitality Sector Roundtable
Hospitality trends Observations from EY s Greater Los Angeles Hospitality Sector Roundtable About this report EY surveyed hospitality sector leaders in the Greater Los Angeles metro area on 11 October
INCREASING DIRECT CHANNEL REVENUE WITH TECHNOLOGY
INCREASING DIRECT CHANNEL REVENUE WITH TECHNOLOGY TheNavisWay.com What s inside this book? Redefining the Direct Channel for a New Era 3 The Technology that Drives Demand 5 The Technology that Effectively
The Changing Face of Hotel Loyalty for Independent Brands
Thanks to the rise of technology in the hotel industry, this has presented challenges for small and midsized brands in some areas, whilst creating opportunities to level the playing field with major brands
Investor presentation March 21, 2016
Investor presentation March 21, 2016 Forward-Looking Statements 2 Note on forward-looking statements: This document contains forward-looking statements within the meaning of U.S. federal securities laws,
U.S. Hotel Development Cost Survey 2016/17
U.S. Hotel Development Cost Survey 2016/17 November 1, 2017 By Stacey E. Nadolny Hotel development activity correlates directly with the ebbs and flows of hotel sector performance. As we reached the peak
THE 2016 BUDGET SEASON GUIDE FOR HOTELS & RESORTS
THE 2016 BUDGET SEASON GUIDE FOR HOTELS & RESORTS A MULTI-CHANNEL PATH TO REVENUE With all of the familiar and emerging new channels to choose from, figuring out where to allocate your marketing dollars
If you are in the hotel industry, chances are that Airbnb is a conversation you have had at
Airbnb vs. Hotels: A comparison study in Boston Tarik Dogru, PhD Makarand Mody, PhD Courtney Suess, PhD If you are in the hotel industry, chances are that Airbnb is a conversation you have had at one point
Developing Business and Acquisition Plans: Phases 1 & 2 of the Acquisition Process
Developing Business and Acquisition Plans: Phases 1 & 2 of the Acquisition Process If you don t know where you are going, any road will get you there. Alice in Wonderland Course Layout: M&A & Other Restructuring
Hotel Market Analysis
Hotel Market Analysis Drivers of Change (factors influencing the profitability of Hotels) Business risk and uncertainty The hotel industry is cyclical in nature; lenders extending credit to individuals
Business Plan Workbook
Business Plan Workbook Developed by the staff of the Niagara County Community College Small Business Development Center 3111 Saunders Settlement Rd. Sanborn, NY 14132 www.niagarasbdc.org Call today for
CHAPTER 3. Economic Challenges Facing Contemporary Business
CHAPTER 3 Economic Challenges Facing Contemporary Business Chapter Summary: Key Concepts Opening Overview Economics Microeconomics Macroeconomics A social science that analyzes the choices people and governments
HSMAI Washington DC Chapter Program By the Institute for Hospitality & Tourism Education & Research & HSMAI. W e l c o m e t o y o u r f u t u r e
HSMAI Washington DC Chapter Program By the Institute for Hospitality & Tourism Education & Research & HSMAI Opening Presenters Karen Wollard, Ed. D., Associate Director, Professional & Continuing Education,
LECTURE: PROJECTIONS Case Study: Celerity Technology
LECTURE: PROJECTIONS Case Study: Celerity Technology Building the Base Case The Base Case is the first projected scenario that the analyst sets up before making any of their own customized adjustments.
20m Customers. The World s Number One Integrated Tourism Group. 67,000 colleagues retail shops hotels. ships. 150 aircraft 14 cruise
1 The World s Number One Integrated Tourism Group Financial Results 2016 Turnover: 17.2bn Underlying EBITA: 1,001m Source Markets TUI are the market leader in all our major markets Germany UK Netherlands
2014 Third Quarter Earnings Conference Call
2014 Third Quarter Earnings Conference Call Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & Treasurer November 4, 2014 Safe Harbor Disclosure Non-GAAP Financial Measures Any non-gaap
Planning for 2019: Economic and Print Market Outlook and Implications for Printers
Planning for 2019: Economic and Print Market Outlook and Implications for Printers Dr. Ronnie H. Davis, Senior Vice President and Chief Economist Center for Print Economics and Management Sponsored by:
Hospitality trends. Highlights from the annual Chicago Hospitality Sector Roundtable
Hospitality trends Highlights from the annual Chicago Hospitality Sector Roundtable 2 About this report EY surveyed Hospitality Sector leaders in the Chicago, Illinois, metro area and the greater Midwest
Steamboat Market Overview
Steamboat Market Overview The primary destination marketing for Steamboat s winter season is funded and administered by the Steamboat Ski Resort, while summer marketing is driven largely by the Steamboat
Unit 3: Business Environment
Unit 3: Business Environment Name: Date: / / Meaning The term business environment means the sum total of all individuals, institutions and other forces that are outside the control of a business enterprise
Online Distribution. Navigating the changing distribution landscape in 2018
Online Distribution Navigating the changing distribution landscape in 2018 Agenda The year of reckoning 1. A big and growing global market - Where do we stand in 2018? 2. How has the distribution changed
Chapter 1: Industry Trends, Life Cycles & Data Sources
Chapter 1: Industry Trends, Life Cycles & Data Sources A macro overview of a company s industry and the economy are critical starting points for any valuation analysis. In many cases, the industry trends
Marketing Strategy: Based on First Principles and Data Analytics
Marketing Strategy: Based on First Principles and Data Analytics Data Analytics Case 2 1 Acquiring New Customers in the Hospitality Industry 1 Conor Henderson, Shrihari Sridhar and Alejandro Lerza Durant
#KidsInPrisonProgram. Bank
#KidsInPrisonProgram Bank History Mission Statement "At JPMorgan Chase, we want to be the best financial services company in the world. Because of our great heritage and excellent platform, we believe
BoConcept Holding A/S. LD markets Tuesday 6 October 2009
BoConcept Holding A/S LD markets Tuesday 6 October 2009 Agenda Market status Latest financial development Q1 2009/10 Strategic focus points for FY2009/10 Short term outlook and long term objectives Contacts:
Recyclers Are Likely Losing Money Returning Stray Proprietary Pallets
The True Cost of Pallet Logistics Time for a Raise? Recyclers Are Likely Losing Money Returning Stray Proprietary Pallets By Chaille Brindley For years CHEP, PECO, igps and other operators of proprietary
Operations. The value of hotel-direct bookings is measured by more than numbers. sign up SIGN UP FOR THE NEWSLETTER. Revenue Management
Revenue Management The value of hotel-direct bookings is measured by more than numbers by Patrick Bosworth, Duetto May 31, 2018 3:20pm SIGN UP FOR THE Operations NEWSLETTER Email Photo credit: gustavofrazao//getty
A Glossary of Macroeconomics Terms
A Glossary of Macroeconomics Terms -A- Absolute Advantage A comparison of input requirements between two regions or countries where one country can produce a given level of output with less input relative
Intermediate Macroeconomic Theory, 01/07/2003. A Glossary of Macroeconomics Terms
A Glossary of Macroeconomics Terms The Digital Economist -A- Absolute Advantage A comparison of input requirements between two regions or countries where one country can produce a given level of output
CISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL
CISCO SYSTEMS, INC. Q4 FY 2004 CONFERENCE CALL August 10, 2004 2004, Cisco Systems, Inc. All rights reserved. 1 GAAP Reconciliation and Forward-Looking Statements GAAP RECONCILIATION During this presentation
CONSOLIDATED RESULTS Q2:FY17
CONSOLIDATED RESULTS Q2:FY17 BERNIE BROOKES CHIEF EXECUTIVE OFFICER 22 November 2016 EDGARS AGENDA OPERATIONAL UPDATE FINANCIAL REVIEW STRATEGIC UPDATE EDGARS 1 03-2014 05-2014 07-2014 09-2014 11-2014
SMART HOTELIER S GUIDE TO 2019 DIGITAL MARKETING & TECHNOLOGY BUDGET PLANNING
SMART HOTELIER S GUIDE TO 2019 DIGITAL MARKETING & TECHNOLOGY BUDGET PLANNING TABLE OF CONTENTS: INTRODUCTION: With budgeting season comes the time to analyze digital marketing initiatives and plan for
BTI Practice Outlook The BTI Consulting Group, Inc. All Rights Reserved. Executive Summary. Changes, Trends and Opportunities for Law Firms
BTI Practice Outlook Executive Summary 2017 2016 The BTI Consulting Group, Inc. All Rights Reserved. Compelling Research. Compelling Results. INCLUDED IN BTI PRACTICE OUTLOOK 2017: Introduction High Opportunity
Travel Brand Perceptions.
Travel Brand Perceptions. WSJ. Insights WSJ. Insights is renowned for several benchmark and custom primary research studies. From our world-class longitudinal studies, Corporate and Brand Perceptions,
JEFFERIES GLOBAL CONSUMER CONFERENCE NANTUCKET JUNE 20, Good morning and thank you for joining us. I am Mike Schlotman,
JEFFERIES GLOBAL CONSUMER CONFERENCE NANTUCKET JUNE 20, 2012 Comments by Mike Schlotman: Good morning and thank you for joining us. I am Mike Schlotman, Senior Vice President and Chief Financial Officer
YEO & YEO CPAs & BUSINESS CONSULTANTS National Manufacturing Outlook and Insights Planning for Potential and Seizing Opportunity
YEO & YEO CPAs & BUSINESS CONSULTANTS 2018 National Manufacturing Outlook and Insights Planning for Potential and Seizing Opportunity 2018 National Manufacturing Outlook and Insights Planning for Potential
Industry Overview - U.S. A Quick View of Exhibitions in the U.S.
Industry Overview - U.S. A Quick View of Exhibitions in the U.S. Post Recessive Environment The recessive U.S. economy of 2008-9 put a fairly significant damper on the U.S. tradeshow industry and those
Introduction to the Generic Drug Supply Chain and Key Considerations for Policymakers
Association for Accessible Medicines Introduction to the Generic Drug Supply Chain and Key Considerations for Policymakers Key Takeaways Generic drugs play an important role in the U.S. health care system,
How Can Big Data Help You Get to Perfect Pricing?
How Can Big Data Help You Get to Perfect Pricing? Distribution has changed but the industry s approach to pricing hasn t The Twin Gorillas Expedia and Priceline Group control 40% of Global OTA Market $3.45
Oil Price Adjustments
Contact: Ed Sullivan, Group VP & Chief Economist, (847) 972-9006, esullivan@cement.org February 2016 Oil Price Adjustments Overview A combination of global supply and demand issues have forced oil prices
8362 Pines Boulevard, Pembroke Pines, FL Telephone: / Fax: Wall Street Office:
Main Office: 8362 Pines Boulevard, Pembroke Pines, FL 33024 Telephone: 954-731-6340 / Fax: 954-731-6606 Wall Street Office: 30 Wall Street, 8th Floor, New York, New York 10005-2205 Telephone: 212-709-8026
Hospitality trends. Observations from the EY Miami Hospitality Sector Roundtable
Hospitality trends Observations from the EY Miami Hospitality Sector Roundtable 1 About this report In Q4 2017, EY surveyed South Florida hospitality sector leaders and invited these individuals to a roundtable,
CASE 7: Webvan. James Ryg CIS
CASE 7: Webvan James Ryg CIS 410-01 Due November 16 th, 2016 Case Overview Brief: Webvan was a subsidiary of Borders Books, which operated in the e-commerce field, allowing customers to handle their grocery
Timeshare Overview. March 6, 2008
Timeshare Overview March 6, 2008 Safe Harbor Statement These presentations contain forward-looking statements within the meaning of federal securities regulations. These forwardlooking statements generally
Las Vegas Sands Corp. Reports Third Quarter 2010 Results
Las Vegas Sands Corp. Reports Third Quarter 2010 Results Consolidated Third Quarter Adjusted Property EBITDA Increases 136.9% to Record $645.2 Million on Record Net Revenue of $1.91 Billion; Majority-Owned
06 March INVESTOR DAY 2018 Sabre GLBL Inc. All rights reserved. 1
06 March 2018 1 Retailing, Distribution and Fulfillment for Hotels Clinton Anderson President, Hospitality Solutions 06 March 2018 2 HOSPITALITY SOLUTIONS PLAN SHOP PURCHASE TRAVEL RETURN RETAILING DISTRIBUTION
Ancillary Revenues in the Hospitality Industry. An analysis of strategies for maximizing ancillary revenue for hotels and resorts REPORT EXTRACT
Ancillary Revenues in the Hospitality Industry An analysis of strategies for maximizing ancillary revenue for hotels and resorts REPORT EXTRACT Best practice insights Analysis and insight to help maximize
FedEx Corp. Reports Second Quarter Earnings FedEx International Priority Package Revenues Grow 13 Percent
FOR IMMEDIATE RELEASE FedEx Corp. Reports Second Quarter Earnings FedEx International Priority Package Revenues Grow 13 Percent MEMPHIS, Tenn., December 20, 2007... FedEx Corp. (NYSE: FDX) today reported
Yield Management in 2009
Yield Management in 2009 How to keep your hotel up and running in a downturn Shannon Sampson, Senior Project Manager HVS CONSULTING AND VALUATION SERVICES DALLAS 2601 Sagebrush Drive Suite 101 Flower Mound,
Finance Pathway Test Blueprint
I. Financial Management A. Personal Finance 1. Describe the fundamental principles of money needed to make financial exchanges a. Differentiate between different forms of financial exchange (e.g., cash,
FHWA Forecasts of Vehicle Miles Traveled (VMT): May 2014
FHWA Forecasts of Vehicle Miles Traveled (VMT): May 2014 Office of Highway Policy Information Federal Highway Administration May 22, 2014 Highlights Long-Term Economic Outlook Under the IHS Baseline economic
The Future of Healthcare IT. Devin Akin, CEO Divergent Dynamics, Inc.
The Future of Healthcare IT Devin Akin, CEO Divergent Dynamics, Inc. Divergent Dynamics, Inc. Divergent Dynamics CEO Devin Akin named to TWW Top 100 Wireless Experts for 2014 www.todayswirelessworld.com/top100/
Economic Outlook Survey
Economic Outlook Survey 4th quarter executive summary The CPA Outlook Index The CPA Outlook Index (CPAOI) is a broad-based indicator of the strength of U.S. business activity and economic direction that
Brexit: Business Impact and Why SAP is More Relevant than Ever
SAP Point of View 2016 Brexit: Business Impact and Why SAP is More Relevant than Ever July 2016 Brexit: Business Impact and Why SAP is More Relevant than Ever 2016 SAP SE or an SAP affiliate company. All
SHARING ECONOMY MASTERCLASS IS THIS THE END OF TOURISM AS WE KNOW IT?
SHARING ECONOMY MASTERCLASS IS THIS THE END OF TOURISM AS WE KNOW IT? ITB MARCH 2017 MANOLIS PSARROS - CEO @TOPOSOPHY IN THIS PRESENTATION: Sharing Economy Key Drivers & Challenges Sharing Economy TrendWatch
China s Future Challenges
China s Future Challenges Tony Saich Director, Ash Center for Democratic Governance and Innovation Director, Institute for Asia Harvard Kennedy School Presentation for FE-UI August 30, 2010 1 Outline of
THE Marketing Plan. SCORE Chapter 37 Houston, Texas
THE Marketing Plan SCORE Chapter 37 Houston, Texas 1 Why Plan? Establish direction Identify obstacles Set goals & objectives Take an objective view Communicates owner s ideas - Tells a story 2 Part of
FORWARD-LOOKING STATEMENTS
March 18, 2019 MARRIOTT INTERNATIONAL 2019 SECURITY ANALYST MEETING FORWARD-LOOKING STATEMENTS FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES AND MODEL ASSUMPTIONS This material contains forward
Hotel Industry Update for DuPage County
Hotel Industry Update for DuPage County August 23 2012 Compiled By Ric Mandigo Senior Consultant Presented by Ted Mandigo Director of TR Mandigo & Company TR Mandigo & Co. www.trmandigo.com 312 671-9442
Digital Marketing Webinar Series. The Hotelier's Action Plan to Meet 2013 Digital Marketing Challenges November 7, 2012
Digital Marketing Webinar Series The Hotelier's Action Plan to Meet 2013 Digital Marketing Challenges November 7, 2012 If you need technical assistance with the webcast, contact us at hsmai@commpartners.com
Website, & Social Co-op Marketing Opportunities
2018-2019 Website, Email & Social Co-op Marketing Opportunities CONNECT WITH TRAVELERS HARNESS THE POWER OF A DMO REACH A QUALIFIED AUDIENCE Travel Industry Insights Tourism is big business in Santa Barbara!
How Smarter Data Revolutionizes a Hotel s Revenue and Profit Strategy
How Smarter Data Revolutionizes a Hotel s Revenue and Profit Strategy Contents 03 Introduction 04 Chapter 1 Breaking Down Big Data Leveraging Actionable Intelligence 08 Chapter 2 The Dynamic Duo Marketing
Advanced Strategy for the Energy Future
Advanced Strategy for the Energy Future ACEEE Market Symposium on Market Transformation Elizabeth Dutrow U.S. Environmental Protection Agency April 1, 2008 1 Overview Planning for the energy future Robust
Chevron Corporation (CVX) Analysts: Jacob Mast and Robert Smith Fall Recommendation: BUY Target Price until (12/31/2015): $125.
Recommendation: BUY Target Price until (12/31/2015): $125.00 1. Reasons for the Recommendation One of the main reasons for our recommendation of Chevron as a Buy is because of their plans for divestiture
A Glimpse Into 2017: Forecasting Supplier Prices
A Glimpse Into 2017: Forecasting Supplier Prices Jon Gray, VP Research & Insight Rockport Analytics Yon Abad, Sr. Director CWT Solutions Group Americas Session Agenda Introduction Methodology Macroeconomic
THE BUXTON ADVANTAGE INCREASE TAX REVENUE, IMPROVE QUALITY OF LIFE, RETAIN BUSINESS
THE BUXTON ADVANTAGE INCREASE TAX REVENUE, IMPROVE QUALITY OF LIFE, RETAIN BUSINESS Why is retail important to economic development? Retail is responsible for 42 Million Jobs and 2.8 Trillion dollars of
Las Vegas Sands Corp. Reports Fourth Quarter and Full Year 2010 Results
Las Vegas Sands Corp. Reports Fourth Quarter and Full Year 2010 Results LAS VEGAS, NV -- (MARKET WIRE) -- 02/03/11 -- Las Vegas Sands Corp. (NYSE: LVS) For the Fourth Quarter Ended December 31, 2010: --
A Level Business Transition Booklet
A Level Business Transition Booklet Welcome to Business! The Key Points from Induction Day were: What to bring to lesson: A folder Text book : OCR Business Paper & pens Independent study: Access to emails
Gorenje Gorenje Group Summary of the Strategic plan
Group Summary of the Strategic plan 2010 2013 Summary off tthe Sttrattegiic pllan 2010 -- 2013 Gorrenjje Grroup Velenje, Slovenia, January 2010 1 Group Summary of the Strategic plan 2010 2013 Letter by
Corporate Legal Audit Program
Corporate Legal Audit Program Important commercial transactions that lay a foundation for future success share a common characteristic: They have benefitted from advance preparation, scrupulous review,
Exploring the World of Business and Economics
Chapter 1 Exploring the World of Business and Economics 1 Discuss what you must do to be successful in the world of business. 2 Define business and identify potential risks and rewards. 3 Define economics
Odette School of Business
CASE: SONAE SR S International Expansion University of Windsor Odette School of Business Presented By: Kevin Hamilton Michael Antolini Aleksa Zubic Vito Giovannetti < 1 > AGENDA Objective : To identify
Investor Presentation. June 2014
Investor Presentation June 2014 Safe Harbor Certain statements contained in this presentation are forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities
China s Economic Dip Is Moving Shoppers Online
China s Economic Dip Is Moving Shoppers Online McKinsey Digital October 205 Alan Lau Nicolas Leung October 205 China s Economic Dip Is Moving Shoppers Online Alan Lau Nicolas Leung INTRODUCTION Fear
DRIVING PROFITABILITY BY DELIVERING THE NEXT LEVEL OF GUEST ENGAGEMENT Travel & Hospitality. Tatiana Voytsenko, SAP Hybris Day Croatia
DRIVING PROFITABILITY BY DELIVERING THE NEXT LEVEL OF GUEST ENGAGEMENT Travel & Hospitality Tatiana Voytsenko, SAP Hybris Day Croatia 12.10.2017 INTRODUCTION TECHNOLOGY IS CAUSING AND ENABLING MAJOR INDUSTRY
Driving Business Performance
Workforce Scheduling Driving Business Performance How Workforce Scheduling Optimization Aligns the Workforce with Business Demands for Customer Satisfaction and Success While many factors affect an organization
Ford s 2020 Vision: Improved Operating Margin, More Balanced Geographic Profitability, Strong Sales Growth
FORD MEDIA CENTER Ford s 2020 Vision: Improved Operating Margin, More Balanced Geographic Profitability, Strong Sales Growth Ford continues aggressive implementation of its One Ford plan, remaining focused
Hospitality Trends Observations from the Annual EY Texas Hospitality Roundtable
Hospitality Trends 2015 Observations from the Annual EY Texas Hospitality Roundtable About this report EY surveyed representatives from the hospitality sector in Texas, including real estate investment
ACQUISITION OF CHRIS-CRAFT. June 4, 2018
ACQUISITION OF CHRIS-CRAFT June 4, 2018 Forward Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors
Chapter 26 Answers to Short-Answer, Essays, and Problems
Chapter 26 Answers to Short-Answer, Essays, and Problems 1. Why is there a need for an aggregate demand and aggregate supply model of the economy? Why can t the supply and demand model for a single product
IMPAIRED VISION. Why some airlines, hotels, rail and car rental suppliers don t understand the true value of the indirect sales channel.
IMPAIRED VISION Why some airlines, hotels, rail and car rental suppliers don t understand the true value of the indirect sales channel. IMPARIED VISION Despite the growth in travel avoidance technology,
Can you predict the evolution of your firm? YES! Here s How. ADVISOR TIME ANGIE HERBERS INC.
Can you predict the evolution of your firm? YES! Here s How. Predictable Revenue is a Luxury $1,000,000 $600,000 $700,000 $800,000 $900,000 $600,000 $350,000 $350,000 $375,000 $300,000 $400,000 $500,000
COMPLIANCE: A NECESSARY EVIL. Ensure your business is compliant
COMPLIANCE: A NECESSARY EVIL Ensure your business is compliant Now that we have our CFO Center CFO looking after compliance, I feel that our company is a lot safer Karen Howes, Taylor Howes Executive Summary
SOURCES OF INFORMATION ABOUT GLOBAL TRENDS
2.03 EMPLOY ENTREPRENEURIAL DISCOVERY STRATEGIES TO GENERATE FEASIBLE IDEAS FOR BUSINESS VENTURES/PRODUCTS SOURCES OF INFORMATION ABOUT GLOBAL TRENDS Newspapers Trade publications Industry specific, such
Beyond occupancy. What s more to revenue management? An industry report by RezNext
Beyond occupancy. What s more to revenue management? An industry report by RezNext Decoding hotel revenue management Is it only about driving occupancy? Is it only about selling rooms at a high price during
WOMEN IN HOSPITALITY INDUSTRY LEADERSHIP 2017
WOMEN IN HOSPITALITY INDUSTRY LEADERSHIP 2017 1 Purpose Castell Project, Inc., a 501c3 non-profit, is focused on increasing diversity in hospitality industry leadership. The Project delivers benchmark
Micro Economics Review
Micro Economics Review 1. Intro to Economics a. What is Economics? i. Scarcity and the factors of production 1. Explain why scarcity and choice are basic problems of economics 2. Identify the factors of
Wednesday, October 1 st, :00 2:00 PM EDT
The Demystifying Distribution 2.0 webinar will begin shortly. If you need technical assistance with the webcast, contact us at hsmai@commpartners.com and we will assist you immediately. 1 Demystifying
A Leading Provider of Marketing Automation Solutions
A Leading Provider of Marketing Automation Solutions Investor Presentation December 2017 SharpSpring, Inc. investors.sharpspring.com NASDAQ: SHSP Safe Harbor Statement The information provided in this
In 2017, uncertainty is THE biggest risk. Dealing with Uncertainty All rights reserved
Dealing with Uncertainty In 2017, uncertainty is THE biggest risk. Patrick Harker, President & CEO Federal Reserve Bank of Philadelphia 1 What s So Uncertain? Reasons to be optimistic Corporate tax rates
Recovery, Recession, or the New Normal?
Price management Recovery, Recession, or the New Normal? Pricing Power for Profit Growth in the New Normal B. Sebastian Strasmann Dr. Karl-Heinz Sebastian SIMON KUCHER & PARTNERS Strategy & Marketing Consultants
Re-establishing Airbnb for Growth: Building a Better Brand
Re-establishing Airbnb for Growth: Building a Better Brand Andrew Tye Debdeep Roy Xiaosi Fu Raghuram S Rao DRAX Partners, L.L.C. CBC Case Competition Our Agenda for Today 2 Statement Recommendation Analysis
Total Test Questions: 80 Levels: Grades Units of Credit:.50
DESCRIPTION This course focuses on the study of economic problems and the methods by which societies solve them. Characteristics of the market economy of the United States and its function in the world
QIMMA CONSULTING AND INVESTMENT COMPANY LTD.
QIMMA CONSULTING AND INVESTMENT COMPANY LTD. C O M P A N Y P R O F I L E WE ARE THE LANDING PAD FOR YOUR EXPANSION INTO THE AFRICAN MARKET WE DEVELOP VIABLE MARKETING STRATEGIES THAT INTEGRATE THE COMPANY
ECO401 Latest Solved MCQs.
This year, if national product at factor cost is Rs. 500 billion, indirect taxes 150 billion and subsidies Rs. 50 billion, then national product at market prices will be: _ Rs. 700 billion. _ Rs. 650 billion.
What s happened CUSTOMER LOYALTY? And 5 Steps You Can Take To Get It Back
What s happened to CUSTOMER LOYALTY? And 5 Steps You Can Take To Get It Back What s happened to CUSTOMER LOYALTY? A business without customers is just a hobby, and loyal customers are the most important
MGM MIRAGE Reports Record Second Quarter Results
NEWS RELEASE MGM MIRAGE Reports Record Second Quarter Results 8/2/2007 PRNewswire-FirstCall LAS VEGAS MGM MIRAGE (NYSE: MGM) today reported its second quarter 2007 financial results, achieving the Company's