TravelBoom attended the renowned Hunter Hotel Conference in Atlanta this month and uncovered several key insights that will help independent hoteliers and vacation rental managers improve their relationship with investors and tackle the key concerns of the hotel industry’s financial backers.
In today’s episode Leanne deMaille and Pete DiMaio cover what you need to know including:
- No Money to lend for new development
- Only lending will be for props in development or needing PIP/renovations
- Consolidation will occur with Wall Street & bigger management firms buying distressed hotels
- Some staffing shortages are solved by buying bigger companies
- More branded “boutique” luxury properties and conversions
- AI to hire includes predicting who’s most likely to quit
To listen to this TravelBoom podcast, visit here.
About TravelBoom Marketing
TravelBoom specializes in developing and executing customized data-driven marketing solutions that drive direct bookings and growth for its clients. With over 25 years of experience in digital marketing for travel and hotels, TravelBoom leverages advanced data science and analytics to uncover insights and develop strategies that greatly enhance results for our clients and reduce reliance on third-party channels. TravelBoom is also host of the world’s #1 ranked Hotel Marketing Podcast and its quarterly Traveler Sentiment Study both of which can be found at www.travelboommarketing.com.
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