horwath htl
Annual Hotel Occupancy Forecast to Decline 29% Over the Next 12 Months With $75 Billion in Projected Revenue Losses
Horwath HTL | August 17, 2020
Magid HTL Forecast Tracker, analyzed in conjunction with Horwath HTL, says COVID-driven declines span both business and leisure travel intentions MINNEAPOLIS, August 17, 2020 – The ongoing impact of the COVID-19 pandemic will lead to a 29% decline in annual hotel occupancy over the next 12 months, resulting in a projected revenue loss for the industry of about $75 Billion in room revenue alone. The estimate is according to the Magid HTL Forecast Tracker, analyzed in conjunction with Horwath HTL, the world’s oldest, largest, and most experienced hotel, tourism, and leisure-consulting brand. The forecast shows declines being driven...
Customer Loyalty in a Hyper-Segmented Hotel Landscape
Agnes Pierre-Louis | May 9, 2019
By Agnes Pierre-Louis Travelers today have access to considerably more information than they did during the early days of loyalty programs and are more reliant on reviews and user-generated content (UGC) than on brand names alone when making hotel choices. Also, when it comes to rewards programs, travelers have increasing options, with a variety of point-earning opportunities such as credit cards with compensation schemes and online travel agencies (OTA) reward programs. In fact, consumers are usually members of multiple rewards systems and use them selectively. How then can hotel companies today expect to drive consumer loyalty and doe...
The Migration of the Immersion Wellness Resorts: Can Experiential Properties Sustain Global Models?
Horwath HTL | February 25, 2019
(Miami, Florida) February 25, 2019 - Horwath HTL Miami Managing Director Andrew Cohan, MAI, a leading consultant in hospitality advisory as it pertains to health, wellness and spa offerings as well as environmental and ecologically sustainable resorts globally, has observed "migration" efforts to bring the Asian immersion wellness and destination resorts to the Americas. "As experiential travel continues its evolution into "transformational travel," more and more vacationers are motivated to travel by a desire to enrich and even alter their personal perspectives," shares Cohan. "These "inward"...
Q&A With Andrew Cohan, MAI, Managing Director Horwath HTL Miami
Andrew Cohan | September 13, 2018
Hotel Online recently requested a Q&A with Andrew Cohan, MAI, Managing Director of the Miami office of Horwath HTL on his views of the hotel industry. Andrew's areas of expertise are many, but his true passions include development of health and wellness offerings in the lodging sector. He is also keenly interested in sustainability and the opportunities to use local resources as a significant element of a hotel brand's amenities and value propositions. Here, Andrew discusses some of his insights and observations guiding developers in these arenas to help create "transformational experiences." With such a robust proliferation of bran...
Creativity, Disruption and Innovation: HOTCO 2018
Horwath HTL | January 18, 2018
Budapest, January 2018 - Creativity, Disruption and Innovation are the themes of the second annual HOTCO Hotel Investment Conference that starts on the 29th January in Budapest. The conference, which is being held at the Kempinski Hotel Corvinus, is the only hotel investment conference that focusses on the Central and Eastern European countries. The event, which is organized by Horwath HTL, the global leader in hospitality consulting, is designed to service the Central and Eastern European markets. The conference has proven to be a key event for hotel owners, investors, operators and suppliers, with last year's event attracting over 300...
John Fareed Hospitality Consulting and Hotel & Club Associates of Virginia Merge to Form Fareed & Cummings
Horwath HTL | June 2, 2017
John Fareed Hospitality Consulting LLC and Hotel & Club Associates of Virginia have merged to form hospitality advisory firm Fareed & Cummings LLC, according to principals John Fareed and Michael Cummings. The new company has joined Horwath HTL, the world's largest and most experienced hospitality-consulting brand with forty-five offices in thirty-nine countries. Under the Horwath HTL flag, Fareed & Cummings LLC will provide a full complement of hotel consulting services—asset management, operational assessment, appraisal and valuation, feasibility and market studies, and strategic market planning for new openings, rep...
The Accelerating Significance of the Hotel Asset Manager
Paul Breslin | March 30, 2017
By Paul Breslin Fasten your seatbelts and take note of who's driving. The roads are sure to be full of tight curves, sharp turns and speed traps. The role of an asset manager today is changing at record speed and owners expect their asset managers to keep the pace. The asset manager role is more active and hands-on than ever before, and thus the choice of asset manager is also so much more important today. At the start, it is all about R&R -- not rest and relaxation but rather Roles & Responsibilities. That's what drives our passion, we serve as the owner's representative, which is a tremendous task in and of itself. At the rece...
Paul Breslin of Horwath HTL Shares 2017 Industry Predictions
Paul Breslin | February 7, 2017
Managing Editor Michelle Renn interviewed fellow Atlanta based hospitality expert Paul Breslin, Managing Director of global consultancy Horwath HTL, to discuss 2017 industry predictions for various topics including the Marriott-Starwood merger, Manhattan's historic NoMad District, and the overall outlook for the industry this year. Q: In your opinion, what are some of the most important impacts of the Marriott-Starwood merger? A: The true take away from this merger has to be the increase in destinations offered to new guests as well as long time loyal guests. In addition, the strength of the Marriott brand speaks for itself, with the hi...
