The State of Venture Capital in Hospitality with Mike Scott
Good Morning Hospitality
04/17/23
•31m
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Mike Scott co-founded Derive Ventures in 2021 and currently serves as a Managing Partner. Prior to co-founding Derive, Mike spent over 3 years as a private equity investment professional at KSL Capital Partners. At KSL, he had over $4bn of transaction experience covering U.S. hospitality, timeshare, all-inclusive resorts, travel distribution, gaming and alternative accommodations.
This week, Mike joins us on Good Morning Hospitality to discuss all things venture capital and the hospitality industry from the hotel & short-term/vacation rental perspective.
Industry News:
AirDNA’s Fact of the Week:
The EPIC record snowfall has allowed extended seasons for several ski destinations including Mammoth Lakes (Mammoth Mountain), Sawtooth Mountain (Sun Valley), and Park City, Utah. April demand is pacing more than 30% higher than this time last year in each of these areas and is over 70% higher in Mammoth Lakes, where snow has been so abundant that the resort is currently expected to stay open until July, potentially contributing to demand in the Mammoth Lakes market for several more months.
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
—
Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original.
This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media channels or YouTube and join the conversation, live!
Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form!
Previous Episode
Airbnb Stock Down 4.9% as Industry Shifts Towards Direct Bookings
April 10, 2023
•35m
Is this really the conversation that "Airbnb stock falls 4.9% due to direct bookings" or is this just a normal shift in the market? We're no stock market experts but you can join us on the show to hear some of our thoughts behind the matter and even quotes from industry experts on the subject.
Plus, more industry news to follow! Good Morning, Hospitality and welcome to the show!
Industry News:
AirDNA’s Fact of the Week:
Supply Growth continues to be a hot topic as host & operators prepare for peak season travel.
In March 2023, there were 1.34 million available short-term rental listings, a 19.9% increase from last year. This compares to a peak increase of 25% last summer. Out of the 50 largest STR markets, the Phoenix/Scottsdale, AZ market leads the country for growth, increasing supply by more than 66% YoY, followed by Los Angeles, CA with a 37% increase.
Around the country, there are only 12 markets with declining supply, 3 of which include Colorado ski towns, Aspen (-6%), Steamboat Springs (-9%), and Telluride (-10%).
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
—
Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original.
This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media channels or YouTube and join the conversation, live!
Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form!
Next Episode
Airbnb Frauds & Tipping Culture Gone Too Far
April 24, 2023
•37m
That's why you need to tune into Good Morning Hospitality today and hear from Brandy Canaley, Jamie Lane, and (me) Wil Slickers!
This is going to be a fun one ☕️ Also - we have launched our Hospitality Hotline! Use the link to be featured on the show! We want to hear from you directly!
Industry News:
- Hopper Asks for Tips?!?! (Link)
- Business Travel Might Not Bounce Back (Link)
- Letting Cloud - Fraud Fundraising Campaigns and Acquisition Announcement (Link)
- AirDNA: US Demand is Stronger Than Ever for STR’s (Link)
- Airbnb adds Starwood Capital to their Landlord program (Link)
AirDNA’s Fact of the Week:
This summer is likely to be one of the strongest on record for vacation rental demand, with booked nights already 10% higher than last June through August. Booked revenue for the summer is also 14.5% above where it was at the same time last year. And travelers are planning ahead for their stays: March 2023 saw the highest number of nights booked for future travel of any month on record—more than 21 million.
Show Notes:
- HFM Merch Store! 10% off for GMH listeners that use this link
- TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
- AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
—
Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original.
This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media channels or YouTube and join the conversation, live!
Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form!
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