JMBM’s World Hospitality Group® lately hosted the 30th version of Meet the Cash® nationwide lodge convention. Alongside funding boot camps and insightful dialogue panels, the convention featured a number of thrilling particular displays decoding the newest information and business sector highlights.
Lodging Trade SWOT Evaluation
Daniel Lesser, President & CEO of LW Hospitality Advisors, kicked issues off with a SWOT (strengths, weaknesses, alternatives and threats) evaluation of the U.S. lodging business in 2023.
Among the notable strengths and alternatives mentioned had been the robust uptick in demand for journey each domestically and internationally, the supply of refinancing, acquisition and development financing proceeds, revolutionary new choices for customers and a market prime for funding. Weaknesses and threats included issue securing financing, rising working prices and provide chain points, visa backlogs and financial uncertainty.
The slides beneath display the promising airline passenger quantity which can present elevated alternatives for motels, and the potential for innovation inside the business.
Lesser explains this needs to be weighed towards excessive operational bills and the specter of an financial downturn.
The total presentation could be downloaded right here.
Efficiency Outlook
Luigi Main, Managing Director, Americas, of HVS, analyzed 2023 developments within the lodge business and the way present occasions are impacting efficiency and values.
After the final a number of years of upheaval within the hospitality business, there are some shiny spots—occupancy is slowly climbing again to 2019 ranges. Group demand is on the rise, and extra group vacationers count on to increase journeys. Final yr set a brand new business excessive for RevPAR, as ADR surpassed 2019 ranges in 2022.
RevPar, Occupancy and ADR information for the previous 4 years, and projections for the subsequent three:
Some challenged confronted by the business because it recovers embody the impression of rising development prices on new lodge provide, Federal rate of interest hikes, and climbing cap charges.
Completely different sectors and seeing totally different trajectories of their recoveries, in comparison with prior peaks:
The total presentation could be downloaded right here.
About Meet the Cash®
For 30 years, Meet the Cash® has created an brisk surroundings to forge relationships, negotiate offers, and achieve an in-depth understanding of lodge funding and finance. Our nationwide lodge convention attracts heavy hitters and gives a possibility for productive, one-on-one networking with them.
We’re wanting ahead to internet hosting the convention once more in 2024. Mark your calendars – Meet the Cash® 2024 can be held on Could 6-8, 2024. For updates and extra info, go to www.MeetTheMoney.com.
ADR drives RevPAR features:
*See how JMBM’s World Hospitality Group® might help you.
In regards to the JMBM World Hospitality Group®
The hospitality attorneys within the World Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP comprise the premier hospitality apply in a full-service legislation agency, and essentially the most skilled authorized and advisory group within the business. Our group of seasoned lodge legal professionals has helped purchasers with greater than 4,600 hospitality properties situated across the globe valued at greater than $123 billion, and have labored on greater than 2,700 administration and franchise agreements. Our expertise offers one of the vital intensive digital information bases of market phrases for offers and financings. The hospitality legal professionals of our group should not simply nice lodge legal professionals—we’re additionally hospitality consultants and enterprise advisors, dealmakers and facilitators of the circulate of capital. We assist our purchasers discover the best operator, three way partnership associate or capital supplier. We all know who to name and the way to attain them.
Jim Butler
+1 310 201 3526
JMBM
