It’s always encouraging to find kindred spirits. This is particularly true when industry commentators swim against the tide with controversial opinions that you also hold. Last week we were delighted to read an excellent account of this year’s Lodging Industry Conference, provided by the hotel industry’s “Dr Doom”, Joel Ross, founder of Citadel Realty Advisors.
The article, which can be accessed here, is a must-read for anybody who follows hotel industry performance. It voices a mixture of skepticism and amazement at the forecasts provided by various industry “data people” at the event. The presentations apparently found consensus on the following view: because July has been so wonderful for the industry, the outlook for 2012 looks rosy.
August in Nashville: the temperatures are high and the air is thick with humidity, live music and hotel performance analytics. Last week the third annual Hotel Data Conference was held there and once again it attracted a great crowd spanning brands, operators, ownership groups and financial analysts. Jeff Higley and his team delivered great speakers and content, and engaging and informative discussion throughout – well done!
This month several articles have been published about the quality and relevancy of User-Generated Hotel Reviews. Reviews are a hot industry topic right now, but opinion still seems to be divided on the validity of review data. This point was nicely illustrated by two separate articles published earlier this month that represented opposing views on the matter.
Next week will be an important one for the industry dialogue on competitive set selection. Readers of this blog will know that comp set selection is an issue close to our hearts, so we are looking forward to a session that will reveal some interesting insights into this important subject at a leading Revenue Management conference.
Search the site
Competitive Analytics for Chains and Hotel Portfolios
Compare hotels to their true direct competitors and get a whole new perspective on portfolio analysis. Find out how.
Hotel Performance Metrics for Asset Managers
New leading performance indicators help Asset Managers to identify opportunities while they can still be addressed.
Competitive Intelligence Reports for Hotel Operators
Learn how to make better pricing, revenue management and eCommerce decisions by taking a "booker's eye view" of the market.
Due Diligence Analytics for Development Decisions
Hotel Compete has a new source of data and analytical tools to support hotel development and feasibility decision-making.
Industry Viewpoint: Hotel Reviews & Performance Analysis
Online guest review scores follow consistent and reliable patterns. Learn how this can be used in performance analysis.