Lodging Leaders

Who invests money better, men or women?

Fidelity Investments found surprising answers to that question when it surveyed nearly 3,000 people. The group was almost evenly divided between the sexes. Yet only a tenth of women said their investments would outperform men’s.

Meantime, a separate analysis by Fidelity shows women consistently generated larger returns on their investments with the company.

And yet another Fidelity study reveals just a third of women surveyed see themselves as investors and barely one quarter of them say they are comfortable with their knowledge about investing.

Why DO women lack confidence in their ability to make wise investments?

The BIGGEST reason is because women are uninformed, and the reason women are uninformed is because they lack access to opportunities. Specifically, women don’t know how to meet the people and institutions that offer investment options beyond traditional savings methods. That is especially true in commercial real estate investment, and even more real in hotel investment.

In today’s episode, we focus on women steeped in hotel investment and talk about how they are changing the dynamic in favor of female investors. These women are committed to helping women build wealth through hotel ownership.

Featured are Mary Beth Cutshall, who recently founded Amara Capital, a women-only hotel investment platform; Talene Staab, global head of Tru by Hilton and founder of a new women’s advisory council; and Tracy Prigmore, founder of TLTsolutions, which is dedicated to educating women in the basics of real investment and teaching them how to steadily accumulate wealth.

Resources and Links

Mary Beth Cutshall, founder of Amara Capital

Talene Staab, global head of Tru by Hilton

Tracy Prigmore, founder of TLTsolutions

NABHOOD

Episode 210 featuring NABHOOD founder Andy Ingraham

NABHOOD’s annual conference will take place July 24 through 26 at the Miami Marriott Biscayne Bay Hotel in Miami, Florida.

Who invests money better, men or women?

Fidelity Investments found surprising answers to that question when it surveyed nearly 3,000 people. The group was almost evenly divided between the sexes. Yet only a tenth of women said their investments would outperform men’s.

Meantime, a separate analysis by Fidelity shows women consistently generated larger returns on their investments with the company.

And yet another Fidelity study reveals just a third of women surveyed see themselves as investors and barely one quarter of them say they are comfortable with their knowledge about investing.

Why DO women lack confidence in their ability to make wise investments?

The BIGGEST reason is because women are uninformed, and the reason women are uninformed is because they lack access to opportunities. Specifically, women don’t know how to meet the people and institutions that offer investment options beyond traditional savings methods. That is especially true in commercial real estate investment, and even more real in hotel investment.

In today’s episode, we focus on women steeped in hotel investment and talk about how they are changing the dynamic in favor of female investors. These women are committed to helping women build wealth through hotel ownership.

Featured are Mary Beth Cutshall, who recently founded Amara Capital, a women-only hotel investment platform; Talene Staab, global head of Tru by Hilton and founder of a new women’s advisory council; and Tracy Prigmore, founder of TLTsolutions, which is dedicated to educating women in the basics of real investment and teaching them how to steadily accumulate wealth.

Many hotel-business experts believe an industry downturn is at hand.

Some say it will happen as soon as next year. Others expect business to slow in 2021.

So, is the forecasted slowdown based on fact, an economic algorithm, or is it more of a gut feeling?

In this episode of Lodging Leaders we try to answer this question. We also find out what hotel owners should be doing today to prepare for a slowing of business tomorrow.

We talk to Mark Woodworth and Robert Mandelbaum, analysts with CBRE Hotels Americas Research; Paul Breslin of consulting firm Horwath HTL; and Susan Barry of Hive Marketing, who offers tips on how to get your hotel recession ready.

Resources and Links

Paul Breslin with Horwath HTL

Mark Woodworth and Robert Mandelbaum with CBRE Hotels Americas Research

Susan Barry, founder and CEO of Hive Marketing

Many hotel-business experts believe an industry downturn is at hand.

Some say it will happen as soon as next year. Others expect business to slow in 2021.

So, is the forecasted slowdown based on fact, an economic algorithm, or is it more of a gut feeling?

In this episode of Lodging Leaders we try to answer this question. We also find out what hotel owners should be doing today to prepare for a slowing of business tomorrow.

We talk to Mark Woodworth and Robert Mandelbaum, analysts with CBRE Hotels Americas Research; Paul Breslin of consulting firm Horwath HTL; and Susan Barry of Hive Marketing, who offers tips on how to get your hotel recession ready.

Business and leisure travelers are growing more wellness-minded.

The Global Wellness Institute reports wellness tourism is a $640 billion industry. A quarter of that is spent by travelers in North America.

Wellness is an emerging sector in hospitality, growing at 6.5 percent a year. The growth is spread across hotels of all price segments and guest demographics.

Wellness-minded travelers seek a path that not only introduces them to healthy concepts and choices, but allows them to return home feeling better than when they left.

If your hotel can live up to that promise, you can build a healthy bottom line.

Wellness … However you define it, we all want it.

The hospitality industry is one of the business sectors where consumers of wellness seek it.

The Global Wellness Institute reports wellness tourism is a $640 billion industry. In North America alone, travelers made 204 million trips and spent $242 billion on wellness in 2017.

In today’s episode, Lodging Leaders explores the business of wellness in hospitality. We talk to Kristen Intress, a hospitality industry leader and founder of Fit Farm in Tennessee. We hear from Adam Glickman who helped InterContinental Hotels Group launch its wellness brand, EVEN Hotels, and now heads his own wellness-consulting venture called Parallax Hospitality. Also featured is Emlyn Brown, vice president of well-being for Accor Hotels, and Andrew Gibson, chairman of the Wellness Tourism Association.

If you think wellness is a high-falutin’, hoity-toity amenity only the rich can afford to seek out and enjoy, think again. Wellness is an emerging sector in hospitality, growing at 6.5 percent a year. The growth is spread across hotels of all price segments and guest demographics.

Wellness-minded travelers seek a path that not only introduces them to healthy concepts and choices, but allows them to return home feeling better than when they left.

If your hotel can live up to that promise, you can build a healthy bottom line.

Resources and Links

Kristen Intress, founder and CEO of Fit Farm

Andrew Gibson, chair of the Wellness Tourism Association

Emlyn Brown, vice president of wellness at Accor Hotels

Adam Glickman, founder of Parallax Hospitality

Wellness … However you define it, we all want it.

The hospitality industry is one of the business sectors where consumers of wellness seek it.

The Global Wellness Institute reports wellness tourism is a $640 billion industry. In North America alone, travelers made 204 million trips and spent $242 billion on wellness in 2017.

In today’s episode, Lodging Leaders explores the business of wellness in hospitality. We talk to Kristen Intress, a hospitality industry leader and founder of Fit Farm in Tennessee. We hear from Adam Glickman who helped InterContinental Hotels Group launch its wellness brand, EVEN Hotels, and now heads his own wellness-consulting venture called Parallax Hospitality. Also featured is Emlyn Brown, vice president of well-being for Accor Hotels, and Andrew Gibson, chairman of the Wellness Tourism Association.

If you think wellness is a high-falutin’, hoity-toity amenity only the rich can afford to seek out and enjoy, think again. Wellness is an emerging sector in hospitality, growing at 6.5 percent a year. The growth is spread across hotels of all price segments and guest demographics.

Wellness-minded travelers seek a path that not only introduces them to healthy concepts and choices, but allows them to return home feeling better than when they left.

If your hotel can live up to that promise, you can build a healthy bottom line.

When a hotel becomes a crime scene, there is little an owner or manager can do to ward off publicity.

But a hotel can recover from a crisis and save its image if it has a plan in place to deal with the aftermath of a high-profile incident.

Hotel crime has escalated around the world, and the U.S. is no exception.

Some U.S. hotels have been indelibly marked by crime. No matter if the hotel redesigns or even closes, the site is known forever for the high-profile incident.

In a few cases, owners have embraced the notoriety and actually made it work for their business.

In this episode we talk to Nancy Patel, who acquired a Texas hotel without knowing its infamy.

We also talk to Chris Daly, a hospitality PR expert who specializes in crisis communication, and with hotelier Imesh Vaidya who has been a spokesman for his city’s lodging community in the aftermath of hotel-related crimes.

Resources and Links

Knights Inn Corpus Christi at Navigation Boulevard

Daly Gray Inc. PR firm

Premier Hospitality

When a hotel becomes a crime scene, there is little an owner or manager can do to ward off publicity.

But a hotel can recover from a crisis and save its image if it has a plan in place to deal with the aftermath of a high-profile incident.

Hotel crime has escalated around the world, and the U.S. is no exception.

Some U.S. hotels have been indelibly marked by crime. No matter if the hotel redesigns or even closes, the site is known forever for the high-profile incident.

In a few cases, owners have embraced the notoriety and actually made it work for their business.

In this episode we talk to Nancy Patel, who acquired a Texas hotel without knowing its infamy.

We also talk to Chris Daly, a hospitality PR expert who specializes in crisis communication, and with hotelier Imesh Vaidya who has been a spokesman for his city’s lodging community in the aftermath of hotel-related crimes.

Marijuana consumption in America has lost its stigma, and it is on track to become a $23 billion U.S. market over the next couple years.

Hotels in states that have legalized recreational and medicinal marijuana are just beginning to think about how to incorporate the trend into their businesses. The laws can be confusing. Cannabis use is not legal in every state. Each state where it is allowed has its own regulations. And marijuana use and distribution are still outlawed by the federal government.

But the landscape is rapidly evolving on many fronts. And hoteliers and hotel developers in legalized states are figuring out how to navigate and stake a claim in the new frontier of weed.

In this episode, we talk with two hoteliers who are invested in the market. Beej Das of Troca Hotels in Massachusetts has opened a boutique property to users, and Roger Bloss of Alternative Hospitality is developing a portfolio of cannabis friendly hotels – first in California and the next in Nevada.

We also talk with Kenny Dickerson, a builder who owns EcoMaster Corporation and a partner with Bloss in the California project.

For the businessmen, enabling customers to use marijuana is not about getting high, it’s about wellness – for their guests as well as their business’s bottom lines.

Resources and Links

Troca Hotels

Stonehedge Hotel & Spa

MJ Holdings Inc.

Coachillin’ Cana Business Park