Among the noteworthy quotes of the week was Ennismore's Sharan Pasricha talking about potential growth of the Delano brand after signing NYC and London.
QUOTE OF THE WEEK
“Ben’s [Pundole] creative leadership and deep understanding of
hospitality will be key as he guides the brand into its next era. He will
oversee thoughtful growth while further strengthening Delano’s position within
the luxury lifestyle space.” – Sharan Pasricha, Ennismore Read story
“The Latin America region continues to demonstrate
resilience and growth potential. What we’re seeing is steady expansion driven
by improving economic fundamentals, nearshoring trends, and Latin America’s
increasing prominence as a destination for both leisure and business
travelers.” – Bruce Ford, Lodging Econometrics
Read story
“The projected GOP growth of 2% to 6% [in Asia Pacific]
reflects operators’ confidence in their ability to drive both revenue and
operational efficiency improvements. With profit grow decelerating in many
markets, owners must work much harder to unlock value in their assets and to
drive performance uplift. Embracing innovation, adopting new technologies, and
leaning into experiential and lifestyle trends are avenues to creating this
uplift.” – Xander Nijnens, JLL Hotels
& Hospitality Group Read story
“Traditionally, if you wanted to be adjacent, you are going
to be challenged to do that, because the land really didn’t transact. What
we’re [SI Resorts] seeing on many college campuses is a desire to have entertainment
districts that are different than the entertainment districts that existed when
I was in school. [They are] much more designed around not just students, but
alumni activities, significant F&B presence and a significant hospitality
presence. There is an opportunity to partner with universities to offer a
different experience. Each university that we speak with is very interested in
how they capture that… revenue opportunity for the sheer number of people
coming.” – Geoff Richards, Travel + Leisure
Read story
“You must be scrappy to drive revenue and find the rooms any
way necessary.” – Patrick Short, TPG Hotels & Resorts Read story
“Whenever we see an [F&B] opportunity to make a change,
we will at least try it. I would encourage operators to think from a guest
perspective first, and then as an operator.” – Gabriel Perez, Indigo Road
Hospitality Group Read story
“Brands are happy to see us in the region.” – Matthew Grauso,
Remington Hospitality Read story
“The Inland Empire offers a compelling combination of
corporate, leisure and group demand balanced against a manageable level of new
supply.” – Michael Handy, Sonesta International Hotels Corp. Read story