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Good Morning Hospitality - Trends, Challenges, and Future Predictions - Live In Person Episode
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Trends, Challenges, and Future Predictions - Live In Person Episode

Good Morning Hospitality

12/04/23

22m

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In the discussion, we explore the challenges faced by the short-term rental industry, the growing demand for professionalism, and the need for a level playing field with hotels. We also talk about the differences between various types of accommodations, the impact of regulations on the market, and make predictions for 2024. The conversation concludes with insights on the importance of collaboration among operators, the trend for domestic tourism and shorter trips, and anticipations for 2024, which may see a tide of caution and consolidation in the hospitality industry.

00:02 Introduction to Good Morning Hospitality

00:30 Special Offers from Sojo and TravelNet Solutions

01:25 Behind the Scenes: Recording in New York

02:36 Appreciation for New Listeners and Show Recap

03:00 Discussion on New York Regulations and Industry Trends

03:44 Debate on Short-Term Rentals vs Hotels

13:14 Predictions for the Future of the Hospitality Industry

19:50 Closing Remarks and Farewell

This episode is brought to you by our friends and sponsors at sojo and TravelNet Solutions!

Hospitality Hotline & GMC Report!

Hospitality Hotline is open to everyone by using this link!📲https://www.speakpipe.com/GoodMorningHospitality

And don't forget to subscribe to our new monthly newsletter & Good Morning Capital Dashboard! Sign up here!

Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday, wherever you get your podcasts!

This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning at 7 am PST/10 am 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

In this episode of Good Morning Hospitality with Sarah Dandashy & Steve Turk, we are excited to have William "Chip" Rogers, President & CEO of the American Hotel & Lodging Association, as our special guest. Chip will share his thoughts on the current state of the hotel/hospitality industry and discuss some of the latest legislation in LA and NJ.

Additionally, he will be talking about the federal joint employer rule. Don't miss this informative episode, where we will delve into some of the most pressing issues facing the hospitality industry today. Tune in and join the conversation!

The GMC Report is LIVE!

Make sure you sign up for our Good Morning Capital Newsletter & Members Dashboard right here!

Hospitality Hotline

Hospitality Hotline is open to everyone by using this link! 📲https://www.speakpipe.com/GoodMorningHospitality

Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original. If you like this podcast, then you'll also love, Behind The Stays with Zach Busekrus, which comes out every Tuesday & Friday wherever you get your podcasts!

This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning at 7 am PST/10 am 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

In a recent conversation, the CEO & Co-Founder of Moving Mountains, Robin Craigen, discusses the acquisition of Triumph Mountain Properties. Founded by Mike Connolly, Triumph Mountain Properties is a well-established business in the Vail Valley.

The acquisition process involved three conversations over 15 years before finalizing the deal. The best part of the deal is that the Triumph team, including its founder Mike Connolly, will be joining the Moving Mountains team. This strategic acquisition serves to solidify the long-standing market presence of Moving Mountains in the Vail Valley and expand their offering of diverse experiences to their guests.

Looking to the future, while organic growth remains a firm focus for Moving Mountains, they remain open to selective acquisitions that align with their brand standards and market focus.

Read the full story here!

00:25 Introduction and Catching Up

01:13 Discussing the Acquisition of Triumph Mountain Properties

02:39 The Benefits of the Acquisition and Integration

06:07 Addressing the Issue of Owner Churn

08:46 Future Growth and Acquisition Strategies for 2024

11:43 Closing Remarks and Appreciation

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