Natalya Leahy

Change is in the air for lodging regulations. The latest edition of the Uniform System of Accounts for the Lodging Industry will be released next month. 📅 Included in this newly ratified update are changes surrounding reporting of 🏨 All-inclusive hotels 💡 Utilities energy usage 👑 Loyalty program expenses 👨‍💼 Executive lounge operations 📆 Payroll full-time equivalent employee schedules 💲 Annual mandatory brand and operator costs schedules Read about the updates here ⤵ https://lnkd.in/eZUMmxRe #USALI #USALIupdate #lodging #accounting

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One of the many reasons Restaurant Brands need a CPG Retail Strategy! Meet consumers where they are... at your restaurant or at the grocery store. ✅ Either way, your business thrives. Want to know more? Let's chat - www.gailkurpgeweit.com #cpg #menutomarket #retail #restaurants #restaurantgrowth #inflation #hedgeagainstinflation #growth #strategy

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Drawing on feedback from 300 #traveladvisors who specialize in #cruise, #Virtuoso found that 58% believe it will emerge as the strongest #tourism sector in 2024-25, surpassing land-only experiences. #cruisenews Virtuoso Travel #cruiseindustry #travelindustry #travelindustrynews #traveltrends #luxurytravel

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Lower deck or higher deck stateroom? We break down the pros and cons of each option. Which one will you choose?

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The Hospitality Financial and Technology Professionals (HFTP) recently announced the near final approval of the Uniform System of Accounts for the Lodging Industry (USALI) — 12th Revised Edition! This latest 12th Revised Edition is packed full of updated guiding principles to increase transparency in reporting, expand data sets for better decision-making, and align with modern practices. Members of the Global Finance Committee will be on hand to celebrate by hosting a series of "USALI 12th Revised Edition, Deep Dive" webinars taking place next month through September 2024. In each of the webinars, a different aspect of the new edition will be discussed to provide more insights. The series gets underway with a free Webinar on Rooms – Schedule 1, June 6th. The speakers will delve into the expanded definitions for each rate category used to segment Rooms Revenue, providing clearer insights into revenue streams. Additionally, there will be new guidance aimed at enhancing transparency regarding the costs associated with guest loyalty programs and amenities. Finally, an in-depth look at the newly introduced Executive Lounge – Subschedule 1-1. Don't miss it! Register now and spread the word: https://hubs.ly/Q02zr79T0 #USALI #HFTP #HospitalityFinance #GlobalFinanceCommittee #Hospitality #FinancialLeadership

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This is an incredible piece of work by GBTA | Global Business Travel Association, articulating the impact of business travel on the US economy. Kudos to those involved, and represents a great benchmark for other regions to follow! 😳 Some pretty eye-opening stats... 📈 1% growth in business travel equates to 60,000 jobs & $1.2bn in tax revenue! 🕶 33.8% of trips now involve a combination of both business & leisure

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Exploring the complexities of dynamic pricing in various sectors, this article delves into its widespread application from airlines to theme parks. Understand the challenges and strategies businesses face in implementing this pricing model effectively. Happy reading!

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This is a great article about the effects of a future rate cuts.

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It’s all about the strategy and the right timing!

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In the first quarter of 2024, the median sale price and number of sales of large hotels (classified as those sold for $10 million or more) fell 24.6% and 33.9% respectively, quarter over quarter, and 22.2% and 14.3% year over year. While the prices of large hotels continued to soften, those of smaller hotels remained relatively stationary in comparison. Looking ahead, researchers expect to see a rise in the price of large hotels and a decline in the price of small hotels in the second quarter of 2024. #hotels #hotelbroker #realestate

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Misguided: The first estimate of US Q1 GDP came out this morning, and it was a surprise to the downside relative to guidance from the consensus forecasts. US economic growth for the first quarter was estimated to be 1.6% annualized, far below estimates of 2.5% and the 3.4% growth experienced in Q4 2023. The two main culprits seem to be from increased imports (not necessarily a sign of weakness) and from slower auto sales. There were also hints in this report that PCE inflation may have risen more than expected in March, foreshadowing tomorrow's March PCE report. What this means for the Fed will be a matter of debate. #US #growth #inflation #macroeconomics #fedpolicy

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Hilton bets big on lifestyle category, plans to double hotels in 4 years Hilton added 50 new lifestyle hotels in 2023. That number is expected to be 100 this year, which will also see Hilton’s 400th lifestyle hotel opening. Recent acquisitions of the Graduate Hotels and NoMad brands are accelerating Hilton’s lifestyle growth. Graduate’s 30-plus hotels and luxury lifestyle brand NoMad’s London flagship location will be bookable...Read More>>> https://buff.ly/3VVTbme #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

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The trends in lodging as it relates to luxury hotels verses economy stays is interesting. I wonder how much of the growth in the luxury sector has to do with short term rentals raising the bar of clients expectations. Will you stay in a hotel or do you prefer a home or condo location?

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A succinct statement of the economy by Starbucks CEO Laxman Narasimhan for Q2 2024 Earnings: “In a number of key markets, we continue to feel the impact of a more cautious consumer, particularly with our more occasional customer. And a deteriorating economic outlook has weighed on customer traffic and impact felt broadly across the industry." “In this environment, many customers are being more exacting about where and how they choose to spend their money, particularly with stimulus savings mostly spent." #earnings #economy #Q2

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Major Hotel Sales in Q2 2024: Key Insights Despite aggressive monetary policies, the U.S. economy continued to demonstrate resilience during the first half 2024, with strong growth in consumer and government spending, investment, exports, and employment. However, geopolitical risks and softening lower-to-middle-income consumer trends add caution to the optimism. Despite declining domestic leisure demand, the U.S. lodging industry performed well during Q2 2024, driven by corporate, group, and inbound foreign travel. Presidential election years typically see a decline in Real GDP growth, impacting hotel demand and RevPAR growth. Key corporate moves include: - Hilton's $210M acquisition of Graduate Hotels and strategic partnerships with Small Luxury Hotels of the World and AutoCamp. - Hilton's majority stake in Sydell Group, adding the NoMad brand. - Marriott's alliance with MGM Resorts. - The Rio Hotel & Casino Las Vegas joining Hyatt’s loyalty program. The LWHA Q2 2024 Survey reported 90 transactions over $10M, totaling over $4B, with an average sale price per room of $279K, showing significant growth from Q1 2024. Despite strong fundamentals, relatively high debt costs continue to dampen sale activity, though easing bid/ask spreads appear to be resulting in some "wind in the sails" of hotel sale investment volume. If you would like to read more, click on the link in the first comment. #HospitalityTrends #HotelIndustry

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  Earlier this week, World Elder Abuse Awareness Day was recognized. Would you be able recognize the signs of elder abuse in a family member or dear friend?   e.g., deteriorating financial health or drastic change in routines   Would you be able to recognize if you were being targeted yourself?   e.g., feeling pressured to give, lend or invest funds or being presented with the investment opportunity of a lifetime   In a nod to the Stanley Cup Playoffs, they say that championship teams are built on a strong foundation of defense.   What are sound practices for defending yourself from financial abuse?   e.g., being thoughtful about selecting and ensuring you have a power of attorney over your finances/assets in place or reviewing complex agreements with trusted advisor before signing    The #OntarioSecuritiesCommission has put together a thoughtful overview of issues relating to financial elder abuse that I would encourage you to read and share with your loved ones.   Together, we can make a difference. (https://lnkd.in/gtHTK_DE)  

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Distinctive, superior service is crucial in today's world, and a culture of excellence is what sets apart the service industry. McKinsey's recent article explores how GMs of the world's most luxurious hotels have developed customer experience strategies that can be applied across various service contexts and price points. Check out the article here: https://mck.co/4a91EGG #LuxuryTravel #CustomerService

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I wholeheartedly agree with Andrew Rubinacci’s perspective on the evolving role of AI in revenue management, as it increasingly leans towards commercial strategy and enhances the asset's overall revenue. Kudos to Andrew for sharing his valuable insights on this subject! #revenuemanagement #hospitalityindustry #commercialstrategyhttps://lnkd.in/giBBiPbe

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