Joan Bottarini’s Post

Hyatt Hotels Corporation reported second quarter 2023 earnings on Thursday, posting record total fee revenue after system-wide RevPAR increased 15% year on year and 8% compared to the same period in 2019. Net rooms growth increased by 6.9%. In Q2, Hyatt’s net income was $68 million, down from $206 million in the same quarter last year. Meanwhile, adjusted EBITDA increased to $273 million in the second quarter, up from $255 million at the same time last year. This was Hyatt’s fifth consecutive record quarter. In an earnings call, President and CEO Mark Hoplamazian said the company’s outlook “remains optimistic,” with performance bolstered by continued leisure transient demand and strong business travel recovery. Margins and sales continue to be a challenge for many enterprises. A business review of data including health check of reports along with the budget, forecasting, costing, capital, cash flow, demand, capacity, and HR planning may find ways to increase profits by product, facilities, and geographies.   Here are links that can assist with your data and AI journey as part of your planning, forecasting, budgeting, capital planning, cash flow forecasting, analysis, activity-base costing, demand planning, capacity planning, HR planning, and reporting cycles (operational, management, and regulatory):   Stock market - Blog – Stock Market for the week-end July 29, 2023 - https://lnkd.in/gc4Bmrmj   Key Environmental Areas – https://lnkd.in/gmKExD7a    Blog – Ways that Scenario Planning is Essential for your Business Plan - https://lnkd.in/g2M6Rka4   Are you ready for the new Global ESG reporting Standards? - https://lnkd.in/gnms3fy7     Close, consolidate, and reporting - https://lnkd.in/gARHRXB4       Data Management - https://lnkd.in/g8SvPfDx     Circularity - https://lnkd.in/gJwAujhp     Biodiversity - https://lnkd.in/gJxv-fZj   #accommodation #profit #cashflow #occupancy #ESG

Discover the latest insights on the future of travel and hospitality in A&M's groundbreaking report, "Travel in Flux: Unraveling Key Trends." From changing consumer spending habits to the power of branding in accommodation choices, this article delves into the vital findings shaping the industry. Don't miss out on this must-read for anyone interested in the #Travel, #Hospitality, and #Leisure sectors. Check it out here: https://okt.to/IgPJUc

We’ve launched the Caliber Hospitality Trust (CHT): Our response to pandemic-driven opportunities. This opportunity focuses on mid-tier hotels and sustainable #growth. CHT’s preferred equity offering allows investors to capitalize on the hospitality industry by building a diversified portfolio of hotels and optimizing returns through operational efficiencies and data analytics. Explore the hospitality landscape with CHT: https://lnkd.in/gSxdwSWw Swipe to learn more! ⏩ #Hospitality #RealEstateInvesting #InvestmentOpportunities

🌸 PKF hospitality group launches ESG consulting services for the hospitality industry The PKF hospitality group is pleased to announce the launch of specialised sustainability services for the hotel, serviced living, tourism & leisure sectors. The ESG team led by Adam Maclennan, Partner and Managing Director, will ensure that each of the core services of the PKF hospitality group – including feasibility studies, valuations + appraisals, operator search and asset management – will in future include ESG aspects. Additionally, there will be several stand-alone services, including sustainability checks for hospitality projects, existing assets and hotel groups.    Michael Widmann, Global CEO of the PKF hospitality group: ''We consider the key ESG topics which impact the performance and success of the investment. Business leaders and hospitality investors face a steep learning curve, increasing costs, and an evolving legislative and reporting environment. The ESG team of the PKF hospitality group will provide resources, research and support that our (...)   Read more about this news on Journal des Palaces https://lnkd.in/eV7nbDpX #journaldespalaces #TheHeartofLuxuryHospitality #news #hoteliers

From our #equityresearch desk:- Our analysts, Karan Khanna, CFA and Jaiveer Shekhawat, recently interacted with hospitality industry managements/experts to gauge the trends. There were some interesting takeaways. Travelers prefer nearer, shorter last-moment trips, with higher propensity to spend on unique experiences/service. With doubling of airports and tripling of domestic passengers over next 4-5 years, demand for hotel rooms will continue to outpace supply. Our analysts believe that upcycle would continue for 3-4 years given high base of branded room inventory, muted greenfield expansions and growing travel-led demand. #Acumenatwork

Customers as a catalyst for change ✨ That's what Rob E. Sinclair, Conscious Business Catalyst and I discuss in part 5 of our B Corp journey with the Baja Hotel. The Customers section is the final portion of the B Impact Assessment, where we envision relationships that go well beyond transactions to an active shift in perspectives and positive change. Have a read on Medium! #CustomerExperience #CatalystForChange #SustainableHospitality #RegenerativeTourism

In reviewing the market caps of travel companies a few weeks ago in a Posting on LinkedIn, it seemed clear that scaling up to cover the massive R&D and marketing costs associated with the disruptions facing the travel industry would factor into things sooner or later. Choice's hostile attempt to take over Wyndham likely means sooner rather than later. It is a jump-ball as to who will control the "travel" customer in the future - Airlines? Hotels? Online giants? Banks? Credit cards? Technology players? Booking has a market cap of $105B, revenue of $18B, and income of $4B. Marriott's market cap is $60B, revenue $23B, income $2.8B. American Airlines' market cap is $8B, revenue $53B income $2.6B. The financial markets are valuing travel companies as they see fit, but one thing remains constant, access to capital is absolutely necessary for success moving forward. And scale really matters. #travel #corporatetravel https://lnkd.in/gh-8rtQV

The value of CX to an organization can be hard to quantify - especially in B2B. Listening to the customers is easier though. Are your customers telling you about their experiences and asking for change? Are you losing opportunities because these things aren’t changing? What is the value of those lost opps? There’s a good place to start to assess CX value! “Never underestimate the value of investing in #customertexperience.”

The current landscape in the hotel sector, as highlighted by industry leaders like CBRE, emphasizes a critical aspect for operators: the need to manage expenses meticulously. 🔍 The Expense Optimization Lever: With rising operational costs impacting bottom lines, the focus shifts to how hotel operators can force appreciation in their assets. By closely monitoring and optimizing expenses, operators can navigate the high-interest rate market more effectively. 1️⃣ Strategic Cost Management: It's about going beyond the usual cost-cutting. Analyze every expense line to find efficiencies… 2️⃣ Innovative Operational Adjustments: Embrace technology and innovative practices to streamline operations. From automated systems to sustainable practices, every saving counts. 3️⃣ Value Enhancement: By reducing costs, not only do we weather the current financial climate, but we also increase the future value of the asset. A dollar saved in expenses can significantly amplify the property's valuation in a market where every penny counts. 💡 A Balancing Act: It's not just about cutting costs but doing so without compromising on guest experience. The art lies in maintaining, if not enhancing, service quality while being financially prudent. 📈 Looking Ahead: In times like these, the ability to manage expenses effectively becomes a key differentiator in the market. It's a strategic tool operators should lean on to drive both immediate cash flows/financial health and long-term asset appreciation. 🏨 Interested in deeper insights into hotel investments? 📲 DM me for more information and to subscribe to our Hotel Investor Newsletter. #hotelmanagement #hotelinvestment #hotelinvestment

The relationships between the hospitality industry and its business partners have undergone remarkable changes in recent years, influenced by various factors. The digital revolution has had a significant impact on the hospitality sector. Online travel agencies (OTAs), booking platforms, and technology providers have become essential allies for businesses in this industry. As a result, how hotels and other establishments interact with customers and handle bookings has transformed, with digital channels playing an increasingly important role. As the industry changes, we must adapt, too. For esteemed insights on this topic, I had a conversation with hospitality veteran Dorothy Dowling, who currently holds the position of managing director at Horwath HTL. She shared her insightful analysis of the current state of hospitality. “Today, as we navigate profound shifts driven by technological innovation, demographic influences, and a dedication to a customer-centric approach, partnering with industry allies assumes an even greater significance in our pursuit of effective change leadership." In order to stay ahead of the game, it is absolutely essential to forge strong partnerships with experience providers, local attractions, and technology companies that offer cutting-edge solutions. By doing so, we can ensure that our guests have unforgettable and exceptional experiences that will keep them coming back for more. Let me know your thoughts on how collaborating in hospitality has brought increased efficiencies in recent times. 👇 #HRS #collaboration #hospitality #travel