This Week In Hospitality with GMH!
Good Morning Hospitality
02/20/23
•32m
About
Comments
Featured In
From OTA booking increases to European Golden Visas coming to a stop/pause, we dive into more than your tipical topics this week and share our thoughts on the world of hospitality!
Industry News:
AirDNA’s #notabust Fact of the Week:
How did the Superbowl impact bookings in Phoenix?
- 48% more nights were booked than on the same weekend the previous year
- All that demand pushed average daily rates up to a whopping $747 (45% higher than the same weekend last year).
- What’s the takeaway?
- The Super Bowl effect helped STR owners in Phoenix garner a hefty premium for rates while maintaining strong occupancy.
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!
Previous Episode
Talent & Employment News with Steve Trover
February 13, 2023
•35m
With so many layoffs - it's easy to think the "sky is falling" but that's why we bring on experts in the hospitality industry to share what's actually happening when it comes to these conversations! Welcome, Steve Trover, the founder of Better Talent to the show to cover all things Talent & Employment!
Industry News: (older news to be tied into the episode)
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!
Next Episode
The Big Platforms & Earning Calls
February 27, 2023
•38m
Jamie Lane, Michael Goldin, and Wil Slickers get behind the mic to talk about the earning calls between the big platforms and hotel brands and talk about what they're all looking to invest in the future.
AirDNA’s Fact of the Week
What are the best places to invest in short-term rentals?
- Small and mid-sized cities continue to dominate the AirDNA Best Places to Invest list, which now features a regulation score from Revedy. This list features hidden gems with a focus on places with the highest profit potential.
- Who made it on the list?
- #1 - Fairbanks, Alaska - this location scored a 1/10 for regulation risk (meaning it’s very low risk). The average full-time STR earns $49K annually with an average daily rate (ADR) of $198.
- #2 - Evansville, Indiana - Home values in Evansville are relatively low at $116K. With an average daily rate of $129, full-time STRs can expect an average $27K of annual revenue. It also scored a 1/10 for regulation risk.
#3 - Rockford, Illinois - Its eclectic attractions allow the city to maintain an ADR of $175 and an average of $39K in annual revenue.
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!
If you like this episode you’ll love
Promoted