The Hospitality Edge

AVOID THE WILD WEST OF DEVELOPMENT 🚧 When it comes to vacation rental resorts, Nicholas Falcone has seen it all. Many developers jump into projects without the necessary science behind their decisions—leading to costly mistakes. Some common pitfalls Nick helps developers avoid: 1️⃣ Flawed Underwriting: Tweaking RevPAR based on construction costs instead of market data. 2️⃣ Liability Issues: Lack of proper legal structures to protect developers. 3️⃣ Poor Site Planning: Inefficient phasing and misplacement of amenities that harm sales and operations. In this snippet, Nick dives into the consulting strategies that ensure developers maximize their investments while maintaining operational health. 🎧 Full episode here: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg 💡 What’s one mistake you’ve seen in large-scale development projects? #TheHospitalityEdge #VacationRentals #DevelopmentTips #ShortTermRentals

How Many Distribution Channels Are Too Many? 🤔 In the world of vacation rentals, there are two schools of thought: 1️⃣ Focus on a few key channels and do them really well. 2️⃣ Be on as many channels as possible to maximize exposure. Nicholas Falcone from NDM Hospitality strikes a balance. While their system connects to hundreds of distribution channels, they strategically select 30-40 key partners per property, tailored to the location and target market. The result? Maximum bookings without wasting resources. 💡 🎧 Listen to the full episode: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg 💬 How do you approach your distribution strategy? Let’s discuss! #TheHospitalityEdge #Shorttermrentals #distributionchannels #bookingstrategy

BOOKING BY DOOR vs MULTI UNIT APPROACH How do you maximize revenue in vacation rentals? For Nicholas Falcone and his team at NDM Hospitality, the answer lies in booking by unit type instead of individual units (a.k.a. "by the door"). By designing a system that automates both approaches, Nick unlocked: ✅ Access to hundreds of distribution partners (Expedia, Booking.com, wholesalers, etc.). ✅ Broader market reach: From niche bookings to the entire travel market. ✅ Streamlined operations: Goodbye manual processes, hello scalability. More exposure = more bookings = more revenue. It’s a game-changing approach that’s transforming how short-term rentals compete. 💡 What innovative strategies have helped your business increase exposure and efficiency? Let us know below! 🎧 Tune in to the full episode here: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg #VacationRentals #TheHospitalityEdge #TechInnovation #ShortTermRentals

BREAKING THROUGH INDUSTRY GIANTS Imagine entering an industry dominated by nationwide leaders. No homes in your platform. No track record. Just a fresh perspective and a drive to succeed. In our latest episode, Nicholas Falcone, CEO of NDM Hospitality, shares how he broke into the hospitality space as the "new guy on the block" and won over homeowners with a unique combination of authenticity, relationship building, and innovative strategy. He didn’t stop there. Nick and his team introduced a game-changing approach: blending "booking by type" and "booking by door," opening their inventory to 100% of the global travel market instead of just 5%. Nick’s story reminds us that success isn’t about starting with the most resources—it’s about bringing fresh ideas, building genuine connections, and executing with precision. 💡 What innovative strategies have helped you break into a competitive space? Share in the comments below! 🎧 Catch the full episode for more insights from Nick: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg #innovation #hospitalityindustry #STRindustry #TheHospitalityEdge #distributionchannel #shorttermrentals #vacationrentals #entrepreneurship #marketing

What sets food and beverage professionals up for long-term success? In our latest episode of The Hospitality Edge, Nicholas Falcone, CEO of NDM Hospitality, dives deep into how the demanding world of food and beverage cultivates a disciplined work ethic and a versatile skill set essential for thriving in both hospitality and real estate. Key Takeaways: - DIVE HEADFIRST: Embracing hands-on roles to master business operations. - BUILD COMPREHENSIVE SKILLS: From site selection and lease negotiations to construction management. - CULTIVATE WORK ETHIC: The relentless dedication required to succeed beyond the kitchen. Nick shares how managing restaurants goes beyond cooking and selling food, involving critical real estate components and detailed operational processes that lay the foundation for sustainable growth and excellence. 👉 Tune in to the full episode: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg #TheHospitalityEdge #ShortTermRentals #Entrepreneurship #BusinessGrowth #HospitalityIndustry #NDMHospitality #Leadership #RealEstate #WorkEthic #CareerDevelopment

‼️NEW EPISODE ALERT‼️ We're excited to share PART 1 of the latest episode of The Hospitality Edge podcast featuring Nicholas Falcone, CEO of NDM Hospitality! In this episode, Nick dives deep into: - Strategic Business Model Evolution: From BurgerFi franchises to branded vacation rental resorts. - Innovative Technology Integration: How proprietary systems are transforming bookings and revenue. - Advanced Revenue Management: Maximizing profitability through smart booking strategies. 💡 What You'll Learn: - How to pivot your business model for greater success - The role of technology in scaling hospitality operations - Effective strategies for managing and optimizing revenue Stay tuned for PART 2‼️ 👉 Tune in to Part 1 of the episode here: 🎥 YouTube: https://bit.ly/4iMt9eA 🎧 Spotify: https://bit.ly/4ftTMlA 🍏 Apple Podcast: https://apple.co/3BzRDXS 🔗 Other platforms: bit.ly/47j0fgg Don’t miss out on these invaluable insights that can help you navigate and excel in the competitive world of short-term rentals and hospitality! #TheHospitalityEdge #Podcast #ShortTermRentals #Entrepreneurship #HospitalityIndustry #NDMHospitality #BusinessStrategy #Innovation #RevenueManagement

In our latest episode of The Hospitality Edge, Dana Moraru, Owner of Tahoe Signature Properties LLC, dives into her strategy for building an efficient tech stack that enhances multiple facets of property management. 💡 Actionable Tips: 1️⃣ CHOOSE MULTI-FUNCTIONAL TOOLS – Select technologies that address various needs to maximize efficiency.  2️⃣ ASSESS LONG-TERM VALUE – Ensure each tool offers ongoing benefits and can scale with your business.  3️⃣ STREAMLINE YOUR TECH STACK – Maintain a lean setup by integrating solutions that work seamlessly together. Dana emphasizes that strategic technology choices are crucial for sustainable growth and maintaining high service standards. Instead of chasing every new gadget, focus on tools that provide comprehensive solutions and long-term value. 👉 Listen to the full episode for more insights! 🎥 YouTube: https://bit.ly/3ZnVH5m 🎧 Spotify: https://bit.ly/3OPPKJx 🍏 Apple Podcast: https://apple.co/3VuMlUj 🔗 Other platforms: bit.ly/47j0fgg #TheHospitalityEdge #PropertyManagement #TechStrategy #BusinessGrowth #Entrepreneurship #DigitalMarketing #Efficiency #SmartInvesting #Leadership #BusinessExcellence

“Don’t run after the shiny new toy when it comes to your tech stack.” - Dana Moraru In our latest episode of The Hospitality Edge, Dana Moraru, Owner of Tahoe Signature Properties LLC, shares a lesson every property manager and entrepreneur needs to hear. The allure of new tools and tech is real, but Dana warns: ✅ Evaluate first – Does it solve multiple problems, not just one? ✅ Be strategic – Hopping onto the latest software without due diligence can slow you down. ✅ Trust the process – Sales pitches may promise everything, but it’s in onboarding where the truth shows up. Dana’s advice? Take your time. Build a tech stack that grows with you. Because smart, intentional choices win every time. 🎧 Listen to the full episode for more wisdom: 🎥 YouTube: https://bit.ly/3ZnVH5m 🎧 Spotify: https://bit.ly/3OPPKJx 🍏 Apple Podcast: https://apple.co/3VuMlUj 🔗 Other platforms: bit.ly/47j0fgg #TheHospitalityEdge #TechStrategy #Entrepreneurship #PropertyManagement #SmartChoices #BusinessGrowth #Leadership #HospitalityTech

In our latest episode of The Hospitality Edge, Dana Moraru, Owner of Tahoe Signature Properties LLC, delves into the power of humanizing your business to build stronger, more meaningful relationships with property owners. 💡 Actionable Tips: BE AUTHENTIC: Let your personality shine through in all interactions. BUILD PERSONAL CONNECTIONS: Take the time to understand your clients beyond their properties. COMMUNICATE TRANSPARENTLY: Foster trust by being open and honest in your communications. Dana emphasizes that genuine relationships are the cornerstone of successful property management. By prioritizing human connections, you can enhance trust, foster collaboration, and achieve long-term success. 👉 Listen to the full episode for more valuable insights! 🎥 YouTube: https://bit.ly/3ZnVH5m 🎧 Spotify: https://bit.ly/3OPPKJx 🍏 Apple Podcast: https://apple.co/3VuMlUj 🔗 Other platforms: bit.ly/47j0fgg #TheHospitalityEdge #Entrepreneurship #PropertyManagement #ClientRelations #BusinessGrowth #CustomerService #Leadership #BusinessExcellence #Networking #RelationshipBuilding

How do you get luxury homeowners to trust your pricing strategy? In our latest episode of The Hospitality Edge, Dana Moraru, Owner of Tahoe Signature Properties LLC, discusses the importance of setting pricing flexibility and transitioning from purely professional interactions to genuine, human connections with homeowners. By educating homeowners on realistic pricing strategies, Dana ensures that high-end properties remain competitive and profitable. Dana’s approach highlights that authenticity and strategic decision-making are key to successful property management. TRUST is the foundation of a mutually beneficial partnership. 👉 Listen to the full episode for more inspiring strategies! 🎥 YouTube: https://bit.ly/3ZnVH5m 🎧 Spotify: https://bit.ly/3OPPKJx 🍏 Apple Podcast: https://apple.co/3VuMlUj 🔗 Other platforms: bit.ly/47j0fgg #TheHospitalityEdge #Entrepreneurship #PropertyManagement #ClientRelations #BusinessGrowth #PricingStrategy #Leadership #Resilience #CustomerService #Networking