Articles Posted in Outlook and Trends

20 July 2008

Hospitality Lawyer: What lies ahead for the hotel industry? On July 17, 2008, at the NABHOOD Conference in Atlanta, the experts gave us the latest update on the Hotel Industry since NYU. (See the 5-part series at www.HotelLawBlog.com analyzing the data available at June 1, 2008 at “Quips, Quotes and Insights from the 2008 NYU hotel conference.”).

Trends continue to emerge and JMBM’s hospitality lawyers have 3 hot July updates for you on the state of the industry:

1. Jan Freitag, Vice President of Smith Travel Research (jan@smithtravelresearch.com)

2. Mark Woodworth, President of PKF Hospitality Research (mark.woodworth@pkfc.com)

3. Tom Baltimore, President of RLJ Development, LLC (www.rljcompanies.com)

You can also find the Top 10 Picks from www.HotelLawBlog.com by clicking here.

Here’s Mark Woodworth’s analysis of “What Lies Ahead,” and it is very interesting . . .

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19 July 2008

Hospitality Lawyer: What’s happened in the hotel industry since the NYU Hotel Investment Conference in June? The NABHOOD Conference in Atlanta was the place to be this week, as I reported in my recent blog entitled “Hospitality Attorney salutes NABHOOD”
On Thursday, July 17, 2008, the inspiration and insights continued to flow, with the latest industry data and predictions since NYU. (See the 5-part series at www.HotelLawBlog.com analyzing the data available at June 1, 2008 at “Quips, Quotes and Insights from the 2008 NYU hotel conference.”). Another month and a half are under our belts since the NYU Hotel Investment Conference, and the hospitality lawyers from JMBM have 3 hot July updates for you on the state of the industry:

1. Jan Freitag, Vice President of Smith Travel Research (jan@smithtravelresearch.com)

2. Mark Woodworth, President of PKF Hospitality Research (mark.woodworth@pkfc.com)

3. Tom Baltimore, President of RLJ Development, LLC (www.rljcompanies.com)

Here’s Jan Freitag’s Smith Travel Research July update . . .

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16 July 2008

Hospitality lawyer in Atlanta, Georgia at the kick-off for the NABHOOD Annual Convention. If you are not yet a member, sponsor or supporter of NABHOOD — the National Association of Black Hotel Owners, Operators and Developers — you need to check out this dynamic organization, whose members own about 325 hotels (up from just 1 in 2001). Thanks to my friend Andy Ingraham, President and Founder of NABHOOD, I am attending the Association’s 12th Annual Summit in Atlanta as a speaker and participant, and JMBM’s Global Hospitality Group® is a proud sponsor of this event.

As you can tell from many postings here at www.HotelLawBlog.com, I have been attending (and hosting) hospitality conferences for many years and I can tell you that the energy, vision and skill this group is bringing to the industry is just amazing. I like to think of myself as a great networker — connecting people in the industry to get deals done. But I have met my match. No, I have to say, I have now seen the grand master in action, and I take my hat off to Andy Ingraham and what he helps NABHOOD members do. Congratulations, Andy!

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Author of www.HotelLawBlog.com
11 June 2008
Hospitality lawyer with pearls from the New York hospitality conference. The mood in New York was more somber in June 2008 than it has been for a long time at hotel conferences. Final attendance was about 2400 (about the same as last year) and for the first time, NYU had fewer conference delegates than the Los Angeles conference in January (3,200 at ALIS in January 2008). Many believe that attendance at these conferences is a good barometer of sentiment in the industry — send more people when times are good, and send fewer when you batten down the hatches for a storm.

I had the opportunity to listen to Randy Smith and Mark Lomanno of Smith Travel Research in two sessions this past week — one private session at the Lodging Industry’s think tank (the Lodging Industry Investment Council or LIIC) and in the general opening session at NYU. I also had the good fortune to hear the fascinating presentation made by Bjorn Hanson, principal of PricewaterhouseCoopers LLP (retiring effective June 30, 2008), which informed much of what I had heard from my friends at STR. My commentary includes selected slides from STR and PwC. A link to the full STR presentation can be found at the end of the article. Here is a Hospitality Attorney’s executive summary.

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Author of www.HotelLawBlog.com
11 June 2008
Hospitality lawyer with pearls from the New York hospitality conference. The mood in New York was more somber in June 2008 than it has been for a long time at hotel conferences. Final attendance was about 2400 (about the same as last year) and for the first time, NYU had fewer conference delegates than the Los Angeles conference in January (3,200 at ALIS in January 2008). Many believe that attendance at these conferences is a good barometer of sentiment in the industry — send more people when times are good, and send fewer when you batten down the hatches for a storm.

I had the opportunity to listen to Randy Smith and Mark Lomanno of Smith Travel Research in two sessions this past week — one private session at the Lodging Industry’s think tank (the Lodging Industry Investment Council or LIIC) and in the general opening session at NYU. My commentary includes selected slides from STR, and a link to the full STR presentation can be found at the end of the article. Here is a Hospitality Attorney’s executive summary.

CONTINUE READING →

Author of www.HotelLawBlog.com
10 June 2008
Hospitality lawyer with pearls from the New York hospitality conference. The mood in New York was more somber in June 2008 than it has been for a long time at hotel conferences. Final attendance was about 2400 (about the same as last year) and for the first time, NYU had fewer conference delegates than the Los Angeles conference in January (3,200 at ALIS in January 2008). Many believe that attendance at these conferences is a good barometer of sentiment in the industry — send more people when times are good, and send fewer when you batten down the hatches for a storm.

I had the opportunity to listen to Randy Smith and Mark Lomanno of Smith Travel Research in two sessions this past week — one private session at the Lodging Industry’s think tank (the Lodging Industry Investment Council or LIIC) and in the general opening session at NYU. My commentary includes selected slides from STR, and a link to the full STR presentation can be found at the end of the article. Here is a Hospitality Attorney’s executive summary.

CONTINUE READING →

Author of www.HotelLawBlog.com
10 June 2008
Hospitality lawyer with pearls from the New York hospitality conference. The mood in New York was more somber in June 2008 than it has been for a long time at hotel conferences. Final attendance was about 2400 (about the same as last year) and for the first time, NYU had fewer conference delegates than the Los Angeles conference in January (3,200 at ALIS in January 2008). Many believe that attendance at these conferences is a good barometer of sentiment in the industry — send more people when times are good, and send fewer when you batten down the hatches for a storm.

I had the opportunity to listen to Randy Smith and Mark Lomanno of Smith Travel Research in two sessions this past week — one private session at the Lodging Industry’s think tank (the Lodging Industry Investment Council or LIIC) and in the general opening session at NYU. My commentary includes selected slides from STR, and a link to the full STR presentation can be found at the end of the article. Here is a Hospitality Attorney’s executive summary.

CONTINUE READING →

Author of www.HotelLawBlog.com
9 June 2008
Hospitality lawyer with pearls from the New York hospitality conference. The mood in New York was more somber in June 2008 than it has been for a long time at hotel conferences. Final attendance was about 2400 (about the same as last year) and for the first time, NYU had fewer conference delegates than the Los Angeles conference in January (3,200 at ALIS in January 2008). Many believe that attendance at these conferences is a good barometer of sentiment in the industry — send more people when times are good, and send fewer when you batten down the hatches for a storm.

I had the opportunity to listen to Randy Smith and Mark Lomanno of Smith Travel Research in two sessions this past week — one private session at the Lodging Industry’s think tank (the Lodging Industry Investment Council or LIIC) and in the general opening session at NYU. My commentary includes selected slides from STR, and a link to the full STR presentation can be found at the end of the article. Here is a Hospitality Attorney’s executive summary.

CONTINUE READING →

Author of www.HotelLawBlog.com
9 June 2008
Hospitality attorney on the latest outlook and sentiment of the hotel industry from New York. As a hotel lawyer, consultant, and deal maker, I am always listening and thinking. Here’s what resonated with me at the New York hotel investment conference last week.

CONTINUE READING →