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Remington Hospitality CEO on Wage Trends, AI, and Inbound Travel Recovery

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Manage episode 444857129 series 3560444
内容由No Vacancy Live and No Vacancy Media提供。所有播客内容(包括剧集、图形和播客描述)均由 No Vacancy Live and No Vacancy Media 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

At The Lodging Conference I spoke with Sloan Dean, CEO of Remington Hospitality to discuss key hospitality trends. We talk labor costs, AI’s impact on the workforce, and the future of foreign travel in the US.

Key Takeaways:

2024 Outlook: Interest rates are falling, and wage inflation is cooling, providing relief for hotel operations.

Labor Costs: Wage growth is slowing, which is crucial since labor is the biggest expense in hospitality.

AI & Productivity: AI is not yet job-eliminating in hospitality but is improving productivity, allowing hotels to operate with fewer staff.

Foreign Travel Recovery: Foreign inbound travel, particularly from Europe and Asia, is rebounding, offering exciting growth opportunities for 2025.

US Travel Trends: While domestic leisure travel has stabilized, outbound US travelers are spending more than ever in foreign markets.

What’s Next: Sloan Dean is optimistic about business transient and foreign travel recovering fully by 2025.

Sponsored by Unifocus: Streamline your hotel operations and elevate guest satisfaction with innovative technology solutions. Learn more at Unifocus.com.

  continue reading

1400集单集

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Manage episode 444857129 series 3560444
内容由No Vacancy Live and No Vacancy Media提供。所有播客内容(包括剧集、图形和播客描述)均由 No Vacancy Live and No Vacancy Media 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

At The Lodging Conference I spoke with Sloan Dean, CEO of Remington Hospitality to discuss key hospitality trends. We talk labor costs, AI’s impact on the workforce, and the future of foreign travel in the US.

Key Takeaways:

2024 Outlook: Interest rates are falling, and wage inflation is cooling, providing relief for hotel operations.

Labor Costs: Wage growth is slowing, which is crucial since labor is the biggest expense in hospitality.

AI & Productivity: AI is not yet job-eliminating in hospitality but is improving productivity, allowing hotels to operate with fewer staff.

Foreign Travel Recovery: Foreign inbound travel, particularly from Europe and Asia, is rebounding, offering exciting growth opportunities for 2025.

US Travel Trends: While domestic leisure travel has stabilized, outbound US travelers are spending more than ever in foreign markets.

What’s Next: Sloan Dean is optimistic about business transient and foreign travel recovering fully by 2025.

Sponsored by Unifocus: Streamline your hotel operations and elevate guest satisfaction with innovative technology solutions. Learn more at Unifocus.com.

  continue reading

1400集单集

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