Among the more noteworthy quotes from stories this week is Accelerate Women Leaders in Travel Rachel Vandenberg talking about the need for greater visibility for women at industry events.
QUOTE OF THE WEEK
“Representation matters, and visibility is a key component
to career advancement. Despite there being many women with significant
expertise within the hospitality industry, there are still fewer women on
stage.” – Rachel Vandenberg, Accelerate Women Leaders in Travel Read story
“We first discussed a potential succession plan more than
two years ago, and I always had Christian as my first choice to lead the
next chapter for Auberge,” Reid told Hotel Investment Today after the
announcement was made. “He has the character, the pedigree, and above all the
heart to be a great impact player. He has also quickly built a very strong
connection with Dan Friedkin, our chairman. The cherry on the cake is that
Christian has been a lifelong AS Roma fan, and Dan of course is the owner of
the team.” – Craig Reid, Auberge Resort Collection Read story
“It is very clear [that midweek demand] is recovering, and
it’s recovered quite nicely, except we’re not back to pre-COVID levels of total
number of transient rooms sold on the upper end. Why is that? I argue part of
it is because we don’t need as many trips because we’re not all in the office
all the time… My argument is that I think the transient piece is a little bit
curtailed, but on the group side… Every indicator seems to be that group is
where it’s at. It’s what people want.” – Jan Freitag, STR Read story
“There’s certainly some downside risk to ADR [in the U.S.],
and that’s what we’re leaning on for most of our growth for the rest of the
year. As we move into 2025, you’ll see a little more occupancy gain in the
first half of the year, but rate growth is really going to be the driver for
us.” – Amanda Hite, STR Read story
“This shift in consumer behavior [in China] has naturally
seen a decline in demand, especially in discretionary spending which in turn
has slowed the country’s economic recovery. How long these challenges will
persist is uncertain, but they are likely to continue until confidence in the
real estate market is restored and broader economic stability is achieved.” –
Gary Rosen, Accor Read story
“Hotel REITs’ operating performance varied widely during
2Q24, particularly on the bottom line, which was impacted by the timing of
favorable property insurance renewals, renovations, and relative urban versus
resort exposures.” – Michael Bellisario, R.W. Baird Read story
“It was also my dream to be a white-label hotel operator.
Now we truly are with five brands – and more to come.” – Peter Haaber, Core
Hospitality Read story
“The top five geographical sources [for Bali tourism] have
been reshuffled with Australia taking back the lead, followed by India, China,
the U.K., and the United States. These shifts present a valuable insight into
where demand is growing and where investments may yield high returns.” – Pierre
Marechal, JLL Read story
“We are excited about the acquisition by the Ellison family.
Ellison’s extensive experience in luxury hospitality brings a new level of
innovation to the resort and we are confident that this transition will not
only enhance the unique experiences we offer but also introduce new amenities
and services, ensuring Eau Palm Beach remains a premier destination for our
valued guests.” – Tim Nardi, Eau Palm Beach
Read story