The Northwest Hospitality Specialists.
Hotel Pricing Strategy vs. Revenue A new study from the Cornell Center for Hospitality Research explores hotel price stability and price shifting from 2007 through 2009. The study, “Strategic Revenue Management and the Role of Competitive Price Shifting,” examined whether using shifting price strategies (either up or down) over time was superior to maintaining a [...]
Financial Benefits of Management Integrity When Cornell’s Tony Simons analyzed the differences in performance in a group of 76 Holiday Inn properties, he found a remarkable connection. The managers with the highest financial performance also earned the highest integrity scores from their employees. Based on those results, Simons, an associate professor at the Cornell School [...]
On February 8, 2012, Kevin Maher and Marlene Colucci of AH&LA, together with AH&LA’s outside counsel, Minh Vu and Virginia Robinson of Seyfarth Shaw LLP, met with six Department of Justice (“DOJ”) employees, including the Chief of the Disability Rights Section of the Civil Rights Division, to express the concerns and questions shared by AH&LA’s members [...]
In an earlier blog post, I discussed my observation in the marketplace that finally we are seeing Sellers and Buyers reaching the same valuations for property. Sellers have adjusted their expectations a little and Buyers realize in many cases that there can be significant upside in buying a property even at market values, especially in [...]
January 9, 2012: Steve Rushmore, president and founder of HVS, the leading global hospitality consulting and services firm, has announced the publication of the 2011 U.S. Hotel Valuation Index. The Hotel Valuation Index (HVI) tracks hotel values in 51 major markets and the United States as a whole. According to HVI co-authors Michael L. Mele, [...]
