Kerzner International’s Post

7 words to describe our business: "Ritz Carlton service with Hampton Inn pricing." At WOW, you can experience the luxury of Ritz Carlton service and affordability of Hampton Inn pricing simultaneously.

What can hotelier's learn from Chopard's recent foray into luxury hospitality? It's quite a fascinating strategy, covering: 1. Not using the Chopard name 2. Exclusivity / Stealth Wealth 3. Pricing 4. Targeted PR 5. Branded Rooms Do you think this strategy was worthwhile for the brand? #guestexperience #hotelbranding #hotelstrategy #hospitalitybranding #chopard Mentions: Adam Mogelonsky / Larry Mogelonsky, P. Eng. per the Mille Club

🏨 In the hospitality sector, valuation transcends traditional real estate metrics, focusing instead on per-room value and revenue. A prime example of this approach's potential is the acquisition of Belmond by LVMH for $3.2 billion, equating to about $1 million per room. This transaction underscores the importance of Revenue Per Available Room (RevPAR) as a pivotal metric for evaluating hotel performance.  👉 At Rodschinson Investment, we delve deep into these specialized valuation methods to help hotel property owners and investors unlock their assets' true potential. #RodschinsonInvestment #HotelValuationExpertise #RevPAR #HospitalityInvestment #BelmondCaseStudy

Be sure to catch DIRECTV HOSPITALITY’s Kimberly Twiggs at the upcoming Hotel Business Magazine Hot Topics virtual panel on October 3, 2024. Save the date and register below for an insightful thought leadership discussion about shaping the guest experience with hotel technology while enhancing critical human connections. #DIRECTVHOSPITALITY #HotelTech #HospitalityNews #HotelManagement #Hospitality #ThoughtLeadership

📺 Ever wonder how TVs became a staple in hotel rooms? In the newest episode of Unpacking the Hotel Business, Mark Young, Hospitality Industry Archives Director at Conrad N. Hilton College, shares how Barron Hilton, a visionary leader ahead of his time, pushed for this innovation despite resistance.

As I analyse Hyatt's Second Quarter 2024 Results, I want to share my understanding and interpretation with non-financial executives. Here are my top six highlights: 1. Strong Revenue Growth: Hyatt’s revenue per available room (RevPAR) surged 4.7% compared to the previous year. This significant increase reflects robust demand for Hyatt’s properties and the company’s ability to command higher room rates. Outpacing the industry average, this growth is a testament to Hyatt’s strong brand reputation and effective pricing strategies. 2. Accelerated Expansion: Hyatt’s aggressive growth strategy is paying off, with a 4.6% increase in net rooms. This expansion positions the company to capture a larger market share, diversify its customer base, and generate increased revenue. By adding new properties in strategic locations, Hyatt is solidifying its position as a leading player in the hospitality industry. 3. Enhanced Profitability: Hyatt's net income of $359 million demonstrates a substantial improvement in profitability. This financial strength provides a solid foundation for reinvestment in the business, such as upgrading properties, enhancing guest experiences, and exploring new market opportunities. Furthermore, it positions Hyatt to return value to shareholders through dividends or share repurchases. 4. Loyal Customer Foundation: The 21% increase in World of Hyatt loyalty program members underscores strong customer satisfaction and retention. This growing customer base is crucial for sustained business growth, as repeat customers drive revenue and profitability. Hyatt is building a strong foundation for future success by prioritising customer loyalty. 5. Strategic Brand Expansion: Hyatt’s acquisition of the 'me and all hotels' brand is a strategic move to expand its portfolio and target a new customer segment. This expansion diversifies the company's revenue streams and positions Hyatt to capitalise on emerging market trends. 6. Optimistic Future Outlook: Hyatt’s projected revenue and earnings growth for the full year indicate a positive trajectory. This optimistic outlook reflects the company’s confidence in its ability to navigate industry challenges and capitalise on growth opportunities. The focus on customer satisfaction, strategic expansion, and operational efficiency positions Hyatt for continued success. While the hospitality industry faces external challenges such as economic fluctuations and increased operating costs, Hyatt’s strong financial performance and strategic initiatives position the company to weather these storms and emerge stronger. #inahyattworld #hospitality #realestate #leadership #worldofhyatt

What great insights! This is a inspiring conversation on many levels - two key factors for me: 1. Two female CEO of luxury brands in conversation on the future of their brands. Thank you, ladies, for leading the way for so many. 2. Sonia Cheng's take on the importance of hospitality for our communities, our teams and our guests. Thank you for posting this insight and thank you Kristina Blahnik for sharing what is important for you - time, freedom and safety. There is so much to take away from this.

🌟 Interesting Insights from Leeny Oberg! 🌟 The Wall Street Journal sat down for an insightful discussion with Leeny Oberg, where they delved into the intricacies of our company's operating model and its promising future. Leeny Oberg shared valuable insights on the evolution of hotel branding, shedding light on the dynamic landscape of the hospitality industry. #HospitalityIndustry #BusinessInsights #FutureOfHospitality #HotelManagement #InvestmentStrategies #marriottbonvoy #marriott #marriottluxurygroup

We recently held our Q2 HDG Legacy General Manager Summit. Our focus on #excellence is key as we come together to elevate our standards and empower our teams. We're not just building hotels, but also building our people. Let's shape the future of hospitality together! #HospitalityLeadership #Florida #BuildingBetterTeams #EconomicDevelopment #brillianceinthebasics #peoplecentric #economicdevelopment 

One more day to sign up for our webinar with Hidden Pond! See below for details.