industry insights
Insights into the Hotel Industry: A Conversation with Bob Rauch
Robert Rauch | April 22, 2024
In the interview with Gary London, Bob Rauch discusses various aspects of the hotel industry in 2024, particularly focusing on the United States and Southern California, with an emphasis on San Diego. Listen as we dive into the resilience of the hotel market, technology improvements, and labor challenges within the industry. Resilience of the Hotel Market: Despite facing challenges such as 9/11, the Great Recession, and the COVID-19 pandemic, the hotel market has stayed resilient, with periods of strong growth interspersed between downturns. San Diego, in particular, has managed to capture markets even during weaker periods due to its c...
PROVision Partners Welcomes Mims Wright as Senior Advisor
PROVision Partners | March 5, 2021
New Smyrna Beach, Florida, March 5, 2020 — PROVision Partners (“PROVision”), a leading global strategic growth, marketing, technology, and commercial services advisory firm to the travel and hospitality industry, announces the appointment of Mims Wright as a Senior Advisor. Mims is Co-Founder & Managing Partner of the travel advisory firm, Black & Wright LLC, specializing in travel industry business, technology and equity. His clients have included leading online travel brands, traditional travel distributors, airlines, hotels, tour operators, publishers, and travel industry start-ups. Wright and Susan Black founded a practic...
Global Travel Pricing Set to Slow Down in 2020; Flights to Rise 1.2%, Hotels 1.3%
Global Business Travel Association | August 2, 2019
MINNEAPOLIS & ALEXANDRIA, Va.-- August 2, 2019 -- After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall – and expected to grow a solid 3.6% in 2020 – a raft of uncertainties are set to put a damper on pricing. “The risks and ambiguity have increased over the past few months – not least the threat of escalating trade wars, the impact of Brexit, possible oil supply s...
Driftwood Hospitality Management Shares New Insights Into Industry Trends From Property Manager Poll
Driftwood Hospitality Management | July 29, 2019
North Palm Beach, Fla. – July 29, 2019 – Driftwood Hospitality Management (DHM), a North Palm Beach-based hotel management company that operates 70 hotels throughout the United States and Costa Rica, recently surveyed its general managers, seeking to understand this year’s growing hospitality trends and the evolving needs of travelers. “We are constantly looking for ways to improve the guest experience, which is why we prioritize keeping a pulse on emerging industry trends,” said Michael Diaz, chief operating officer for Driftwood Hospitality Management. “Today, our property teams are noticing more and more conversations and in...
