Dear Round-Up Readers, If news about Marc Anthony’ s foray into the hotel biz with veteran hospitality leader Sam Nazarian has got you humming his hit single, “I Need to Know”… I feel you! Lots of hotel industry news broke at the ALIS conference last week. Personally, I'm most excited about Hilton’s new "Unlocking Doors" program, which promises "to create meaningful pathways to hotel ownership for entrepreneurs who ... have traditionally faced hurdles with access to affordable capital." Yassss, this sounds like a program to help women! PLUS…BIG CONGRATS to Lina Patel, Director of Strategic Franchise Initiatives, Red Roof for her recognition by the American Hotel & Lodging Association (AHLA) with the “Paving the Way Award,” and to Tracy Prigmore on being awarded the ISHC Pioneer for 2024. While hertelier’s own ALIS report will post shortly, in the meantime check out some of the bigger news drops and interviews we’ve curated for you in our Travel & Hospitality section below… but first, have a look at our recap from "A Fresh Take on Change, Adaptability and Goal Setting," our recent London event. One of my favorite takeaways–– the framework for making intentional change...if you struggle with saying NO, this is a must read! So much to share, let's get to the news... |
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Business, Women, and Random Trends:
Critics of D.E.I. Forget That It Works the case for why DEI is so important, and that the "inclusion" pieces is so critical to the success, an OP-Ed in the NYT by Caroline Elkins and Frances Frei, professors at Harvard Business School and business author Anne Morriss.
The Backlash Against DEI is Bad Business On the same theme as the previous post, Fast Company details 4 ways in which inclusion drives growth: uncovers business opportunities, makes people more productive and helps with employee recruitment and retention.
Why the Great Wealth Transfer Is Making History for Women and Wealth A colossal shift in who owns money in the United States is about to happen. Right now, half of all wealth is held by Boomers. Over the next 20 years, it will be inherited. And women will control more money than ever. The amount?? Estimated between $84 and 129 trillion. Read more in ELLEVEST.
‘Barbie,’ ‘Saltburn,’ Louis Vuitton: When Culture Becomes a TikTok Craze Interesting article in the NYT about how marketing is driving culture as promotional campaigns overshadow the offerings they seek to elevate — in fashion, music, art and film.
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Travel & Hospitality: ALIS News Love these interviews with female leaders by Jeff Weinstein at Hotel Investment Today Gilda Perez-Alvarado, Accor, talks about her new job! Amy King, VP of Development at Hilton, speaks about luxury/lifestyle space and news about the reopening of the Waldorf Astoria in NYC! Amanda Hite, President, STR, predicts a steady year and lower rates in the luxury sector. Julienne Smith, Chief Development Officer, Americas, IHG Hotels & Resorts about their pipeline.
Panel Helps Move Diverse Ownership Conversation ‘ForWard’ Recap of panel discussion with Tracy Prigmore, TKT Solutions / She has a Deal, Lisa Checchio, CMO, Wyndham, and Janis Cannon, SVP, upscale brands, Choice Hotels International about getting more women into hotel ownership. Read more in Lodging.
Marriott’s CEO on new brands, keeping things cool at W, and more in The Points Guy's Cameron Sperance has a one-on-one with CEO Tony Capuano
HOLA! ForbesWomen Names 30 Most Influential Women in Travel in Spain FITUR, a big travel industry conference happened in Madrid this week, and Forbes offers a list of women making their mark. Me encanta!!! (The article is in Spanish).
This Is What a $10 Million Vacation Looks Like Catering to billionaires, niche travel agencies will build sets, hire actors and write continent-spanning story lines—for the right price. All I can say is...HOLY 💩, you need to read this in the Wall St. Journal. Email me if you don't have a subscription, I can gift the article to you.
7 Business Travel Trends for 2024 Business travel spending will likely exceed pre-pandemic levels for the first time in 2024. The way employees are traveling – and corporations are managing that travel – is changing, according to Jenny Southan, CEO of Globetrender. She predicts two macro shifts: "technology is making the planning and execution of trips ever-more seamless; but there is also a desire to ‘go back to basics’, which is manifesting in nature-based corporate retreats and the revival of ‘power lunches’." The Globetrender Business Travel Trends Report 2024 is free to download.
Expedia 2024 Travel Trends: Set-Jetting, Destination Dupes and Dry-Tripping More trends! The Unpack '24 Survey by Expedia, Hotels.com and Vrbo, polled 20,000 consumers, and predicts travelers will be most motivated by cheaper alternatives to popular destinations, concert tours, low- or alcohol-free experiences and "any excuse to get away with their loved ones."
F & B: The Menu Trends That Define Dining Right Now The NYT gathered 121 menus from restaurants all over the country, offering a glimpse into the tastes and values of today. From the food choices to the aesthetics to phrasing around tipping, this is a must read!
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