Hospitality & Real Estate Advisor / Tech Entrepreneur / Sustainability Advocate / Writer
Top 3 Learnings from GIOHIS 2024 Hospitality Event - 1. Room rates in resort destinations compared to urban hotels were robust in 2023 and so far into this year show no signs of slowing down according to Philip Wooller of STR Co-Star. Higher rates post-COVID19 have become the new normal. 2. A push by major hotel chains into standalone branded residences is being seen across major markets according to Jaidev Menezes of Marriott. There do remain potential quality issues longer-term in these projects though says Lada Shelkovnikova and comprehensive contracts are needed to address brand standard adherence and CAPEX funding requirements. 3. Outdoor luxury accommodation such as tented camps is a level playing field for both chains and independent operators, often with extraordinary levels of EBITA. But, Louis Thompson pointed out, trying to standardize practices remains a key challenge given a wide variety of locations and sites. Some excellent sessions at GIOHIS and a key difference on owner-led content by organizer Simon Allison and HOFTEL Summit Series. #C9Insider C9 Hotelworks #GIOHIS2024 #BrandedResidences #glamping #ecotravel
