"Cautiously optimistic"

Good morning. I’m writing this from New York where I’m attending the NYU Hospitality Investment Conference.

David Eisen nailed it in his prediction people would be "cautiously optimistic” - again. Here on the opening day, brand CEOs say the future has never been brighter. Owners are a bit less sunny, but optimistic as well.

But you don’t read Hospitality Daily for forecasts - you read it for insights you can use to better serve the people around you and reach your goals. So tomorrow I’ll publish a special edition of this newsletter to share what I heard to help you do that.

Today, we’re looking at:

• Investment: Mastering The Game of Hotel Investment, Design & Branding

• Investment: Hotels Are Increasingly a Preferred Asset Class for Active Investors

• Marketing: Unlocking the Power of Storytelling in Hospitality

• Culture: Hotel Cultural Managers Add Diversity and Community Engagement

• From our community: A contribution from Alyssa Dronenburg

Mastering The Game of Hotel Investment, Design & Branding

with Jake Wurzak on the Hospitality Daily Podcast

Jake Wurzak, the Founder and CEO of DoveHill Capital Management, an investment firm with $1.5 Billion in assets under management.

In this podcast, we dive into the unique advantages of investing in this asset class, the process of creating a new hotel from the ground up, and the importance of design, creativity, and food and beverage in the hospitality industry. We also cover how to create value for investors, the role of brands, and how vertical integration can provide a competitive edge.

Listen to the conversation

INVESTMENT

Hotels Are Increasingly a Preferred Asset Class for Active Investors

By Romy Bhojwani for CoStar

Hotel transaction volume reached a record high in 2022, outpacing the growth in office transaction volume. “Given the strong current cash flow generated by hotels, expect this asset class to be highly sought after, as it provides the best hedge against inflation and delivers highly favorable yields despite current high interest rates.”

Read now

MARKETING

Unlocking the Power of Storytelling in Hospitality

with Regitse Rosenvinge on the Hospitality Daily Podcast

A compelling narrative can connect your business to your consumers in a more meaningful way - and that’s increasingly important in our digital age. In this conversation, we dive into various channels for sharing your story, from websites to podcasts and social media. Find out how to tap into the history and heritage of your property, and craft a narrative that resonates with your target audience.

Listen now

CULTURE

Hotel Cultural Managers Add Diversity and Community Engagement

by Carley Thornell at Skift

Some hotels are hiring "culture managers" to broaden their community programming. It's a promising move, given the rising numbers of guests seeking local discovery and cultural tourism.

Read now

FROM OUR COMMUNITY

A contribution from Alyssa Dronenburg, Director of Talent & Culture, at Madeline Hotel & Residences and Element 52, Auberge Resorts Collection

Great idea for team bonding - a free event in the community!