ECONOMY CHALLENGES RESORT OWNERS

The 8th annual Resort Conference returned to the Hotel del Coronado in San Diego last month, and while the weather was sunny — of course — the news wasn't quite as bright.

Resort executives discussed ways to overcome the sluggish economy and entice travelers to visit their properties. Attendees didn't sound the alarm over the looming recession, but Peter Yesawich, the luncheon speaker, did have to overcome the literal screeching of a nearly constant (false) fire alarm going off throughout a significant portion of his 75-minute presentation.

Maybe the only one unfazed by the noise, the president and CEO of Y Partnership spoke of how the travel industry has been affected by the Internet, social media and the growth of PDAs. Yesawich also touched on a theme present throughout the conference: Americans are using less and less of their vacation time. The economy, he said, would further affect that, but the “sky wasn't falling.” People would adapt, maybe travel shorter distances and cut back on other parts of the trip, making value and differentiation all the more important for resorts. A panel on vacation compression later revealed Americans use on average 13 vacation days a year, compared to 25 by those in Japan and a whopping 42 by Italians.

Chip Conley, the president and CEO of Joie de Vivre Hospitality, said at the opening session keeping employees, customers and investors happy increases loyalty, which is critical during downtimes.

Alan Fuerstman, founder and CEO of Montage Hotels & Resorts, was honored with the resort executive of the year award.

Reprints and Licensing
© 2014 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Most Recent

More Recent Articles

Career Center

Quick Job Search
Enter Keyword(s):
Enter a City:

Select a State:

Select a Category:



http://lhonline.com/images/bulk_tv_logo.jpg
Franchise Fact File Top Brands
Brand Company Basics Top Management Companies
Owners & Operators Industry Consultants
Industry Associations Industry Events
Design Firms Purchasing Companies
Top Ownership Groups  


http://lhonline.com/images/bulk_tv_logo.jpg

Click here to view all of the Lodging Hospitality Photo Galleries



Accor Best Western
Carlson Rezidor Choice
Hilton Hyatt
IHG La Quinta
Marriott Starwood
Vantage Wyndham







Free Product Information
News and Trends for the Hotel, Motel, and Hospitality Markets.

Lodging Hospitality eReport
Lodging Hospitality electronic newsletters are FREE to requested subscribers.

Lodging Hospitality Resource Center
The Lodging Hospitality Resource Center is the ultimate resource to find products and services to build, equip, and renovate hotels, motels and resorts.

Subscribe / Renew
Visit our subscription center to subscribe or renew your subscription to Lodging Hospitality.

Webinars
Visit our webinars page to view all our upcoming and on demand webinars.

Whitepapers
Visit our White Papers page to view all our current White Papers.