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- Don't miss these overlooked hiring opportunities
Don't miss these overlooked hiring opportunities
Plus: Luxury travel trends you need to know
Josiah Mackenzie
June 13, 2023
Together with
Good morning - over 80% of hotels are (still) experiencing staffing shortages, according to the latest data from AHLA this month - which is an increase over their previous study in January. Today, the Chief Economist of one of the largest commercial banks in the US walks us through hiring strategies he’s seen both in the US and places such as Japan to address this.
Today, we’re looking at:
Feature: Unlocking Overlooked Talent - Second Chance and Inclusive Hiring in Hospitality
Strategy: Trends to Know in Luxury travel and Hospitality
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FEATURE
Unlocking Overlooked Talent: Second Chance and Inclusive Hiring in Hospitality
with Jeff Korzenik on the Hospitality Daily Podcast
Jeff Korzenik is Chief Economist of Fifth Third Bank and a widely recognized expert on the labor shortage and its solutions. His award-winning book, "Untapped Talent: How Second Chance Hiring Works for Your Business and the Community,” shares the business case and best practices of hiring people with criminal records.
Why: "It's an amazing opportunity because we have a structural labor shortage in the United States and yet we have this enormous pool of potential talent that is consistently overlooked by the business community."
Structural problem: "We stopped having enough babies 25 or 30 years ago. Baby boomers are retiring and demanding goods and services - often in hospitality - but they're no longer involved in producing those goods and services.”
How to get started: "One of the best ways is to go visit a business that's doing second chance hiring successfully. Most are willing to share.”
TOGETHER WITH MDO
The Hotel Profit Playbook: Data-driven Strategies to Move Beyond Rooms Revenue
Hotel owners and operators have shifted from top-line data collection and analysis to making more decisions around driving bottom-line margins. Understanding labor and amenity costs, analyzing non-room revenue trends, and centralizing data from all revenue sources is arming hospitality leadership with the right data to make more profitable decisions.
In MDO’s latest report, hoteliers will learn:
How to look beyond rooms and implement a more holistic revenue analysis
How to apply revenue management principles to ancillary outlets like F&B and spa
How to better understand and measure profit margins at each outlet across your property
How to centralize the data that empowers hoteliers to make more profitable decisions.
STRATEGY
Trends to Know in Luxury travel and Hospitality
with Zach Demuth on the Hospitality Daily Podcast
Zach Demuth is the Global Head of Hotels Research in JLL’s Hotels & Hospitality Group and shares what's going on in the world of luxury travel and hospitality today. We cover the rise of worldwide wealth, changing consumer spending habits, and the increasing demand for unique experiences. Zach explains how capital from other sectors is moving into hospitality. Listen in as Zach shares his advice on making the most of these opportunities - regardless of where you are in the travel ecosystem.
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