bill conn
Riding the CFO Roundabout: Securing Hospitality’s Financial Leadership Future
Bill Conn | April 4, 2024
By Bill Conn CFOs are on the move. Since 2022, the hospitality sector has witnessed a dramatic shift in its financial leadership environment. Data shows that during the first six months of 2023, 103 CFO (Chief Financial Officer) changes occurred in Fortune 1000 companies.[1] This number represents a 30% increase from the 79 changes in the same period in 2022. From a hospitality perspective, this CFO “carousel” and the high demand in 2023 for CFOs and other finance executives is unlike anything the industry has ever experienced. The demand for top talent has risen across all disciplines, but 2023 was definitely the year of the CFO. Sur...
Challenging Trends Currently Facing Hospitality Executive Teams
Bill Conn | October 17, 2022
By Bill Conn As the pandemic continues to ease its grip on society, hospitality is reopening and people are ready to travel, dine out, and spend money on leisure and entertainment. However, trends and challenges facing tourism, hotels, and restaurants make it difficult for some venues to adapt. The market is also exceptionally competitive for various reasons, and the situation shows no sign of improving soon. Here are the top trends facing hospitality executives. Labor Shortages The hospitality industry is facing labor shortages never seen before. As we emerged from pandemic constraints, U.S. hotels expected to employ 2.19 million s...
Casual Dining: A Fresh Perspective
Bill Conn | January 10, 2018
By Bill Conn and Greg Palmer Restaurant industry studies and reports have brought much attention to the shift in consumer choices and the flattening of year-over-year same store sales growth that the Casual Dining segment has been experiencing in recent years. However, there are still many exciting growth opportunities and ways that Casual Dining can flourish. Overall the restaurant industry is on the rise, with sales for 2017 expected to peak at around $800 billion according to the National Restaurant Association's 2017 Outlook report. While Full Service (which includes Casual Dining) is seeing a decline in sales growth the Full-Servic...
