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10 episodes with RevPAR
5 episodes with RevPAR
4 episodes with RevPAR
3 episodes with RevPAR
3 episodes with RevPAR
2 episodes with RevPAR
2 episodes with RevPAR
2 episodes with RevPAR
2 episodes with RevPAR
Hotel Moment is ranking in the top 10 in the hospitality technology category on Apple Podcasts. On Hotel Moment, host Karen Stephens, Revinate's Chief Marketing Officer, dives into topics that drive success in the hospitality business, from optimizing NOI and understanding total RevPAR to leveraging customer data effectively and creating memorable guest experiences. The podcast features meaningful conversations with industry leaders like Shannon Knapp, president and CEO of Leading Hotels of the World, and Matthijs Welle, CEO of Mews, and more.
Recorded live at HITEC 2025, #novacancynews caught up with Jenna Fishel, Chief Commercial Officer at First Hospitality, to explore how her team is taking #AI from theory to action—and evolving how commercial teams collaborate. This isn't about chasing tech trends. It's about building smarter systems that make life easier and business better. Here's what we covered: How #hoteltechnology is being used to analyze commercial calls and suggest strategy improvements The shift from siloed meetings to a fully integrated commercial strategy that include marketing, sales, revenue, and ops Why First Hospitality built a dedicated marketing team—and what happens when you stop forcing salespeople to moonlight as marketers The power of collaboration in a world where RevPAR growth is harder to come by Ways AI is helping reduce repetitive tasks so teams can focus on meaningful work
Hospitality is shifting—and Joseph Bojanowski, President of PM Hotel Group, joined hashtag#NoVacancyNews during the NYU IHIF to gauge what's really happening in the hashtag#hotelindustry right now. ✔️ Tired of mixed signals from headlines? This episode brings clarity on: *Why focusing on actual trends over trending topics is essential for strategic planning *What PM Hotel Group is seeing with real-time travel demand and consumer behavior *How seasonality shifts and timing affected hotel comp sets in 2025 *Strong ADR growth trends despite softening fundamentals *Firsthand insights from the opening of Evo Tahoe City—where experience-driven travel is thriving *Why the hospitality economy might be untethered from the broader U.S. economy What it all means for investors, operators, and leaders looking to make their next big move
AirDNA just dropped its biggest platform update in years, and if you're not using these tools, you're falling behind.From custom comps to Airbnb integration, this episode breaks down the new features, how to use them, and what they reveal about the 2025 STR landscape.What you'll learn:How to use the new Rentalizer confidence score and custom compsWhy saved projections and expense tracking are game changersThe truth about 2025 booking trends (and who's winning)What AirDNA's forecast says about rates, RevPAR, and smart investingIf you're serious about short-term rentals, you can't afford to miss this.Want to get our Latest Deal Analyzer? Just click the link to our Instagram below and send 'Rentalizer'https://ig.me/m/mike.sjogren?utm_source=Podcast&utm_medium=Captivate&utm_campaign=T015&utm_content=Rentalizer02:35 – Why the Update Matters: Major Interface and Logic Changes05:10 – Data Model Shift: From Historical to Projected Revenue08:00 – The 3 Core Metrics You MUST Understand in the New Version11:00 – Updated Filters: Comp Selection and Market Targeting13:30 – Accuracy Considerations: What AirDNA Gets Wrong (and Right)16:45 – Real-Time Demo: Using the New Tool to Analyze a Property20:20 – How to Reverse Engineer a Successful STR Deal with AirDNA24:00 – Hidden Pitfalls: Common Mistakes People Make Post-Update28:10 – Strategic Recommendations for Using the New RentalizerGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
AirDNA just dropped its biggest platform update in years, and if you're not using these tools, you're falling behind.From custom comps to Airbnb integration, this episode breaks down the new features, how to use them, and what they reveal about the 2025 STR landscape.What you'll learn:How to use the new Rentalizer confidence score and custom compsWhy saved projections and expense tracking are game changersThe truth about 2025 booking trends (and who's winning)What AirDNA's forecast says about rates, RevPAR, and smart investingIf you're serious about short-term rentals, you can't afford to miss this.Want to get our Latest Deal Analyzer? Just click the link to our Instagram below and send 'Rentalizer'https://ig.me/m/mike.sjogren?utm_source=Podcast&utm_medium=Captivate&utm_campaign=T015&utm_content=Rentalizer02:35 – Why the Update Matters: Major Interface and Logic Changes05:10 – Data Model Shift: From Historical to Projected Revenue08:00 – The 3 Core Metrics You MUST Understand in the New Version11:00 – Updated Filters: Comp Selection and Market Targeting13:30 – Accuracy Considerations: What AirDNA Gets Wrong (and Right)16:45 – Real-Time Demo: Using the New Tool to Analyze a Property20:20 – How to Reverse Engineer a Successful STR Deal with AirDNA24:00 – Hidden Pitfalls: Common Mistakes People Make Post-Update28:10 – Strategic Recommendations for Using the New RentalizerGet FREE Access to our Community and Weekly Trainings:https://group.strsecrets.com
Demand for short-term rentals surged more than 10% in April, with RevPAR rising at its fastest pace since late 2024. But was it real growth—or just a spring break mirage? In today's episode, we dig into what's driving the STR rebound, why supply is slowing, and how economic uncertainty might cloud the months ahead. Read the full report here: https://www.airdna.co/blog/us-review-april-2025 Subscribe to the BiggerPockets Channel for the best real estate investing education online! Become a member of the BiggerPockets community of real estate investors - https://www.biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Inauguramos el mes de junio, con el segundo episodio de la selección especial, de nuestras Dosis Semanales, que hemos llamado "Hoteleros Conscientes”.En esta nueva colección, exploramos cómo las experiencias personales, la espiritualidad y el crecimiento interior pueden transformar radicalmente nuestro liderazgo empresarial. ✅¿Sabes que puedes formar parte de la Comunidad RevenueKnowmads y que tenemos descuentos de entre un 15 y un 40%? ¡Aquí tienes toda la información!: 👉https://www.revenueknowmads.com ✅¿Quieres aprender más sobre revenue management, marketing, distribución, ventas y comercialización hotelera?. Te invito a que te suscribas a Hotel Marketing School: 👉https://hotelmarketing.school/ ✅El GRAN LIBRO del COACHING HOTELERO es una guía práctica que combina conceptos de coaching con estrategias específicas para la gestión hotelera. Si deseas profundizar en el tema, te recomiendo leerlo al completo. ✅Si quieres formar parte del Club del Hotelero Feliz, aquí te dejamos el enlace para que puedas unirte a su grupo de WhatsApp: 🔗https://chat.whatsapp.com/JodZmMOmtye... ✨ Felicidad, tecnología y propósito: la fórmula mágica de Pepe Díaz Montañés y Ramón Estalella Hablar durante hora y cuarto con Pepe Díaz Montañés (CEO de Artiem Hotels) y Ramón Estalella (secretario general de CEHAT) es abrir una ventana al corazón mismo de la hotelería española: Allí donde la innovación late, la felicidad laboral respira y el para qué eclipsa al “¿qué hay de lo mío?”. Esta segunda dosis de Hoteleros Conscientes, nos recuerda que la mejor estrategia de revenue empieza (y termina) en las personas. Y cómo dice en su último libro, nuestro querido Jaime Chicheri: “la mejor estrategia de revenue management es crear equipos felices”. 💬 ¿Puede la felicidad convertirse en la palanca más poderosa para disparar ingresos? La respuesta es un SÍ mayúsculo. Ellos mismos lo demuestran recordando cómo, en 2004, levantaron el Instituto Tecnológico Hotelero en una simple sala de aeropuerto: sin presupuesto, sin oficina… pero con un para qué que todavía hoy sigue vigente. 🌱 PROPÓSITO, TECNOLOGÍA Y PERSONAS Ramón defiende un “lobby silencioso” que, lejos de los focos, negoció protocolos anti-COVID y rescató a decenas de hoteles sin un titular estridente. Pepe, por su parte, práctica lo que él llama “egoísmo inteligente”: abrir el spa a los empleados, regalar sesiones de fisio a los becarios y medir la felicidad con la misma seriedad que el RevPAR. 🔥 TRES IDEAS QUE QUIERES LLEVARTE HOY ✅Primero: un negocio sin propósito sólo compite en precio; con propósito, compite en valor. ✅Segundo: la confianza es el mejor lubricante operativo y el antídoto contra la resistencia al cambio. ✅Tercero: cuando todo va bien es justo el momento de pivotar: así nació el lema “ningún hotel sin web”, la iniciativa que conectó a 17.000 alojamientos con el mundo digital. 🎧Si DIRIGES un HOTEL (o un equipo) y crees que LA INNOVACIÓN empieza en LAS PERSONAS, TE INVITAMOS a ESCUCHAR el EPISODIO porque esta ENTREVISTA te va a ENCANTAR ¡Os dejamos con la dosis de esta semana! //////////////////// ¿Quieres más? 👉 Si quieres seguir aprendiendo con nuestros vídeos semanales te invito a suscribirte a este canal sobre Revenue Management, Distribución, Marketing y todo lo que ayuda a un negocio de alojamiento a crecer (hoteles, rentals, campings, hostales..) donde además hablo sobre estratégias y tácticas para emprender. 👉 Si además quieres seguir mi día a día como emprendedor te animo a visitar mi otro canal https://www.youtube.com/channel/UCLGC… 👉Y si quieres que te muestre 7 maneras, algunas de ellas GRATIS, en las que puedo ayudar a personas como tú a 1) Crear marca personal y autoridad 2) Generar ingresos pasivos y emprender 3) Mejorar el Revenue de su negocio 4) Aprender todo sobre Revenue Management (Una estrategia que nace en el sector servicios y de la que muchos negocios deberían aprender), Distribución de producto online - offline, Marketing Digital y Rentabilización de Negocios de cualquier tipo te animo a entrar en https://bit.ly/jch7minutos 👉 También puedes seguir aprendiendo con nosotros, aquí te dejamos acceso a https://www.rkmuniversity.com Se trata del primer MBA en negocios de alojamiento turístico y sus cursos son 100% bonificables y pueden salirte, totalmente, GRATIS. MARCAS DE TIEMPO 0:00 Presentación del episodio: HOTELEROS CONSCIENTES: El CORAZÓN del ITH y ARTIEM HOTELS 06:00 Trayectoria y fundación del ITH 20:37 Innovación y tecnología en la hotelería 34:35 Felicidad y consciencia en la gestión hotelera 50:34 Anécdotas y momentos clave 59:48 ¿Qué valores personales han guiado vuestras decisiones más importantes en el mundo hotelero? 01:13:06 Visión de futuro y consejos para nuevos hoteleros 01:17:05 ¿A quién nos recomendarías entrevistar en próximos episodio de "Hoteleros Conscientes" 01:20:06 Reflexiones finales y despedida del episodio
In this episode, we dive into Spain's sweeping move to delist over 65,000 Airbnb rentals in a major effort to control housing access—and what it means for hosts. Plus, we explore new research showing how hotels that focus on guest experiences can boost RevPAR by up to 55%. Regulation and revenue strategy collide in this week's top travel insights.Are you new and want to start your own hospitality business?Join our Facebook groupFollow Boostly and join the discussion:YouTube LinkedInFacebookWant to know more about us? Visit our websiteStay informed and ahead of the curve with the latest insights and analysis.
This episode is a wrap of Q1 results, with a focus on Intercontinental Hotels Group and how much of an impact US exposure and Revpar guidance revision has had on share prices; we take a look at the under-discussed global giant Jin Jiang; and examine the latest data on the European accommodation sector from the European Travel Commission.
We're thrilled to welcome Amanda Frank to the next episode of Leadership Talks! With over 15 years of experience in the fast-paced world of hospitality, Amanda is a powerhouse executive known for her ability to drive results, build high-performance teams, and open markets with impact.Amanda has led the successful opening of more than 40 hotels, consistently surpassing RevPAR targets and raising the bar for operational and sales excellence. Her leadership journey spans from early roles as a Sales Manager to high-level positions including Regional Director of Sales and, most recently, Corporate Director of Sales at Kasa Living—a Series C startup redefining flexible accommodations. At Kasa, Amanda built the sales organization from scratch, scaling revenue from zero to over $3 million in just two years while also leading major cross-functional initiatives in product and technology.Previously, during her seven-year tenure at Evolution Hospitality, she oversaw the launch of 28 hotels, led nationwide training programs, and earned the prestigious President's Award for her contributions to both culture and performance.Amanda brings a rare blend of strategic vision and operational execution, making her a standout voice in leadership, innovation, and hospitality. In this episode, she'll share her insights on scaling teams, building culture, and leading through growth and transformation.Don't miss this inspiring conversation with Amanda Frank on Leadership Talks where real leaders share the stories behind their success.
Are you pricing your short-term rental based on facts—or just following what everyone else is doing?In today's episode of the Cash Flow Positive podcast, Kenny Bedwell sits down with Jake Cohen, founder of Step By Step BNB and a seasoned revenue manager overseeing 300+ listings. Together, they unpack the real strategies behind sustainable revenue, debunking myths and simplifying key concepts like RevPAR, booking windows, and market dynamics.Jake breaks down the difference between pricing for high and low seasons, why most hosts underestimate the power of good photography, and what it really means to “be booked first” when it matters most. He also explains how to calculate and interpret RevPAR, set minimum night stays with intention, and use tools like PriceLabs to monitor real-time market behavior.If you've enjoyed this episode of the Cash Flow Positive podcast, be sure to leave a review and subscribe today! Listen now and enjoy!In This Episode You'll Learn:Why RevPAR is Jake's #1 metric for STR healthHow to adjust your pricing based on seasonality and demandWhy minimum night stays should change based on booking windowsWhat most hosts get wrong about high vs. low season pricingHow to calculate your property's RevPAR (and why it matters)Why listing optimization is just as important as price strategyHow to simplify your pricing—and book more with less effortAnd much more...Resources:Connect with Kenny on LinkedInFollow Kenny on InstagramStep By Step BNB Price Your STR Facebook Group
In this exciting episode of The Investor Impact: Power Talks, Vinney Chopra reveals how one mid-tier hotel turned into a $6 million success story—and why he's doubling down on hospitality in 2025. From a Wyndham Garden acquisition to an upcoming hotel that could be bought at just 4x revenue, Vinney lays out the exact strategies behind these powerful plays. Vinney dives deep into the stability, flexibility, and scalability of hotel investments compared to short-term rentals like Airbnb. Backed by global brands like Hilton, Marriott, and IHG, these mid-tier hotels are becoming investor favorites due to their consistent demand, strong RevPAR growth, and post-pandemic recovery.
In this fast-paced episode of The Investor Impact: Power Talks, legendary investor Vinney Chopra breaks down exactly how he and his team are deploying $50 million into off-market hotel deals—with speed, precision, and strategy. Vinney shares the inside scoop on a recently targeted Dallas-area property, where a $14.5M hotel—with $2.5M in planned renovations—could be worth $28M in just three years. From flag changes that boost RevPAR to powerful market timing post-pandemic, Vinney lays out the exact formula he's using to find, underwrite, and acquire cash-flowing hospitality assets.
In this episode of Hospitality Hot Topics, hosts Steve Carran and David Millili are joined by Gabriel Perez from Indigo Road to unpack April's biggest shifts in hospitality.They dive into why boutique hotels are leading in RevPAR despite growing consumer caution, the booming popularity of camping and outdoor experiences, and how sports tourism is becoming a massive economic driver—from the NFL Draft to the upcoming World Cup.They also discuss the evolving tourism dynamics between the US and Canada, the rise of mobile bookings, and how hotels can adapt to trends such as glamping and experiential travel. Gabriel also shares exciting growth updates from Indigo Road, including historic revitalization projects and thoughtfully curated restaurant expansions in Florida. In this episode, you'll learn:Boutique hotels led RevPAR in 2024, uncertainty in 2025The Great Outdoor RevivalCanadians avoiding US travelSports TourismMobile Phones are primary booking toolLatest things happening at Indigo RoadWatch the FULL EPISODE on YouTube: https://youtu.be/rUq7MCV_tZM This episode is sponsored by Indigo Road: https://www.theindigoroad.com/Join the conversation on today's episode on The Modern Hotelier LinkedIn pageThe Modern Hotelier is produced, edited, and published by Make More MediaLinks:Indigo Road: https://www.theindigoroad.com/Gabriel on LinkedIn: https://www.linkedin.com/in/thehotelier/For full show notes head to: https://themodernhotelier.com/episode/154Follow on LinkedIn: https://www.linkedin.com/company/the-...Connect with Steve and David:Steve: https://www.linkedin.com/in/%F0%9F%8E...David: https://www.linkedin.com/in/david-mil.
In today's episode of the Hospitable Hosts podcast, we're diving into the latest short-term rental trends with Daniel from Key Data. Key Data is at the forefront of tracking performance metrics for the vacation rental industry, and Daniel will give us an inside look at how the market performed in Q1 — from ADR and RevPAR shifts to booking patterns and guest behavior. Plus, he'll share what hosts should expect for the rest of 2025 and how to stay competitive.Sleep easy, host confidently with Hospitable. Automate your guest messages, sync your calendar across booking channels, and protect yourself from bad direct booking guests.Sign up today at hospitable.com/podcast and get 25% off your bill for 3 months.
How can hospitality businesses bridge the 'Aspiration-Reality Gap' to unlock Revenue per Available Guest (RevPAG) and drive profitability beyond room revenue?Terrie O'Hanlon serves as Chief Marketing Officer and is responsible for strategies and programs to support global revenue growth, brand awareness and market leadership for Agilysys. Terrie is a technology marketing veteran having served as Chief Marketing Officer for publicly traded, venture backed and privately held companies in both established and emerging markets across a variety of sectors including enterprise SaaS applications, supply chain, financial ecommerce, retail, healthcare, payments, business intelligence and cybersecurity.
Episode 270 of the Hotel Marketing Podcast by TravelBoom reveals how hoteliers can maximize the new capabilities of OpenAI's ChatGPT 4.5. Past interactions of ChatGPT have been a game changer, and the latest version revolutionizes what's possible for a hotelier. Today we learn how hotel operators can maximize these new tools and put them to work driving occupancy, direct bookings and RevPAR. Get the full show notes at www.TravelBoomMarketing.com/podcast
In this episode, Cody sits down with Logan Nicholson, the founder of Talsey AI, to discuss how artificial intelligence is transforming the hospitality industry. Logan launched Talsey AI from the thriving tech hub of Salt Lake City, UT, with a mission to bring the spirit of hospitality into hotel technology. With a background in tech and marketing, he has built a cutting-edge platform designed to enhance both the guest experience and hotelier operations.
In this episode of the STR Data Lab, Jamie Lane, the Chief Economist at AirDNA, and co-host Scott Sage, SVP of Marketing & Customer Experience, discuss short-term rental performance for February 2025. They start by noting strong overall demand, with a 5% year-over-year increase, although the first weeks of March showed a decline. Supply growth, marked at 3.9%, shows stabilization despite some markets seeing negative growth. They delve into detailed metrics like RevPAR, which rose 5%, and an ADR increase of 6%. The conversation covers the impact of recent events like March Madness, the Super Bowl in New Orleans, and Beyonce's concert tour. Jamie discusses economic indicators, forecasting potential impacts due to factors like tariffs, taxes, and slowed government bookings, which could lead to declines in certain markets. They touch on internally-focused metrics like ADR and the repeat rent index, noting positive trends. Forward-looking, Jamie expresses cautious optimism for the short-term rental market's first half of the year, despite broader economic uncertainties. The hosts emphasize the need for rental operators to stay vigilant of market-specific data, especially in light of potential travel slowdowns and macroeconomic concerns. Finally, they discuss March events like St. Patrick's Day and highlight the importance of local market expertise and constant monitoring of pacing data to adjust strategies effectively. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
Miaomiao, a Research Analyst at Phillip Securities Research, will discuss the latest results report for Far East Hospitality Trust, dated February 13, 2025, titled “Revenue per Available Room Growth is Expected to Continue in Financial Year 2025.”Listen to this podcast to stay updated on the latest corporate news. Additionally, you can visit www.poems.com.sg/stock-research to access the full report and gain more insights.#PhillipCapital #YourPartnerinFinance #Servingyousince1975 #Fintech #PYTCH #PYTCHMedia #SGXCompanyInsights #FinanceNews #SGX #FarEastHospitalityTrust #FEHTFollow PYTCH Media:YouTubeFacebookInstagramLinkedIn PodcastWebsite
Is hotel investing the next big wealth-building strategy? Former Navy veteran and airline pilot Michael Stohler thinks so. As the co-founder of Gateway Private Equity Group, he has owned and operated over 1,300 units and discovered that hotels often outperform traditional real estate in both cash flow and long-term stability.In this episode, Vinki Loomba and Michael break down the power of hotel investing, how to evaluate opportunities, and why historic boutique hotels in Spain are a game-changing investment strategy. Plus, he shares insider tips on ADR, RevPAR, and MOIC to help you analyze deals like a pro.
Professional real estate investor, author and host of “The Real Estate Guys” Radio Show, Robert Helms joins us to discuss the nuances of mid-term, short-term rentals, and hotel real estate investing. They highlight the impact of interest rates on single-family home affordability and the role of institutional investors. Mid-term rentals cater to travelers like traveling nurses and digital nomads, offering higher monthly rents. Short-term rentals face challenges due to oversupply, but can be profitable with strategic planning. Hotels offer consistent experiences, with key metrics like occupancy and ADR. Resources: Join Keith and other faculty experts at the Investor Summit at Sea, a unique networking and learning event for real estate investors. Let the event organizers know if you want to have dinner with Keith during the event. Show Notes: GetRichEducation.com/539 GRE Free Investment Coaching:GREmarketplace.com/Coach For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 welcome to GRE I'm your host, Keith Weinhold, surprising facts about the institutional ownership share of the rental market. Then learn from a great guest tonight about how the midterm and short term rental models work and hotel real estate investing. Then you are invited to join us both on the most special real estate event that I've ever been a part of, and I'm going to return to it today on get rich education. Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Corey Coates 1:17 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:33 Welcome to GRE from London, UK to London, Ontario and across 188 nations worldwide. I'm Keith weinholden, you are inside this week's episode of Get rich education, where we aren't day trading, we are decade trading with gradual patient wealth accumulation through income properties, yet with a path that lets you live the good life of options and freedom when you're still young enough to enjoy it. Now, the shorter the period of time that your guest or your tenant stays at your place, the more that the word hospitality gets involved. Hospitality, that word has little to do with hospitals. It almost means the opposite. Hospitality means that you're now giving a warm reception to or entertaining guests or tenants. Well, that's something that you rarely do at a long term rental, but you do if you're a hotel real estate investor for sure, or maybe even a little in a short term rental, then you're in hospitality like valet parking, having a restaurant, a pool with a swim up bar, a gym, a concierge desk, or even having a lobby with travel desks of various tour companies. Right there. That's hospitality, and today as we discuss mid term rentals, then short term rentals, then hotel real estate investing, think about how the level of hospitality that you give increases as the duration of a guest or tenant stay decreases. Hospitality is one reason that long term rental rates for durations of, say, a year or more, well, they had the lowest daily rates and the least hospitality. And hotels with, say, a two night stay, have the highest daily rates and the most hospitality. This week's show is presented by ridge lending group and freedom family investments. I mean Ridge is where I get all of my investment property loans, and where I do all of my refinancings. And perhaps you should, too, because they specialize in working with investor borrowers there, so they know just what you need and what you don't Ridge lending group.com, and then freedom family investments, that's where you can make a private money loan and get a higher yield than you can with a high yield savings account. That's where I invest a share of my own liquid funds for a passive 8% return, 10% return. And now this is new. They've got offerings at 12% or more. You can learn more by texting family to 66866, next, we discuss mid term rentals, short term rentals and hotel real estate investing. This week, I'd like to welcome in a good long time real estate friend. He's been on the show here with you and I before. Besides being a deeply experienced real estate investor, he also hosts the terrific real estate guys radio show, which was a substantial influence on the launch of GRE more than 10 years ago. I mean, how many times have I suggested to you over the years that you give his show a listen? He also speaks with some of the best pipes in the industry. Hey, it's great to have back on the show this week, the incomparable Robert Helms. Robert Helms 5:07 Hey, Keith, so good to see you. Thanks for having me back. Keith Weinhold 5:11 Let me share with you. Robert is on a very short exclusive list of people that I credit for being where I am today, from how to host a professional show to being a Go Giver and Robert before we discuss mid and short term rentals in the long term rental world generally, just what's important to know in today's residential real estate market, you can take that anywhere you like. Robert Helms 5:38 Well, I think the big picture has been all about the loans and the interest rates, right? We saw rates go up, not only a lot, but quickly, and then kind of come back down a bit. Now they're headed back up, and that just has a big effect on single family homes, primarily to folks who are living in the homes, because they'll make that decision based on the affordability of their mortgage payment and the rest of the costs investors Well, you know, we think a little differently. We're not limited by a specific interest rate will pay? If I can make 9% would I pay 6% sure, if I can make 9% would I pay 7% well, I might, and so on. So I think that that's something to watch this year. For sure. There's lots of reasons to expect that we're not going to see interest rates get back down into the twos and threes and fours like we wish they would stay. Probably shouldn't happen in the first place, but you and I took advantage of it, and lots of your listeners did as well. But I think that's kind of a big picture thing. And then the other part of it is, you know, the inventory. So when people have this locked in effect, which really doesn't have anything to do with their needs or wants, they have a new job or they have another child and they want to move to a couple of notches up in a neighborhood, they don't want to get rid of their 3.12% loan and have to buy another property with 7% so we see less people moving, therefore less inventory, total inventory now somewhere just around 700,000 or below, and that's lower than it's been for the average of the last 10 years. For sure, I think that has an effect, less people are moving because of the interest rates. But at the same time, you know, there are houses that trade every single day. People do have to move. They have life situations and so forth. And then real estate investors, of course, we just look for opportunity. If we can make a spread and we can be in a property long term where the tenant pays down our mortgage and not us, well, then we're interested at almost any interest rate. Keith Weinhold 7:44 Yes, that interest rate lock in effect will persist another year. That continues to get diluted over time. Of course, though you and I both know that mortgage rates are still below their historic rate, but because of the recency bias, no one's really acting that way. By the way, the first ever rental property I bought had a six in three eights percent mortgage rate 20 years ago, and people were raving about what an incredibly low rate that was back then. But this constrains supply. And another thing that constrains available supply in today's market is more institutional players own rental property today we're talking about outfits like invitation homes and even the California State Teachers Retirement System. But one thing a lot of people don't seem to realize is that institutions like this own less than 1% of single family homes in the United States, and that's all institutions combined. And now if you just isolate that to single family rental properties, they still only own two to 3% so where we have this period of low supply and low affordability, you know, Robert, I think institutions, in a lot of these media headlines, they tend to get scapegoated or being a boogeyman. Oh, all these big players are buying up the homes, and that's why you can't buy one. But really, that's pretty overblown. So can you talk to us more about what the institutional entry into the real estate investing space has been like, which really picked up steam after the GFC about 15 years ago? Robert Helms 9:16 Yeah, it sure did. I think that folks who were managing big sums of money, and the institutional money comes from all kinds of places, real estate, Investment Trusts, insurance, pensions, funds, and then just big old companies that decide to raise money to go do something, and that money saw opportunity said, hey, you know what? This is a short term anomaly, all these prices that went down after 2008 and 2009 and when a lot of mom and pop investors were very hesitant to touch the third rail of buying more property after what they had just been through, these institutions are like that. Institutional money is not very emotional, right? It's just looking at the numbers at the same time where the nuances of institutional funds is that they also didn't have a ton of real estate experience, and so it was quite common for a couple of years that an institution would come in, and they would typically work through local brokers, and those brokers would know the market a bit. But if you could generalize, you would say that a lot of institutions overpaid. But here's the thing, when you overpay in the moment, you don't really notice that in the long term real estate investment that these guys did, it's interesting. I've been to a couple of conferences I go to almost every year that 10 years ago was mom and pop investors. And today it's a lot of suits, not too many ties. They don't send. Tend to wear ties, but a lot of suits, a lot of folks working for various levels of these funds, and they're looking at real estate as an asset class. Now I'm going to argue their real estate's not an asset class like any other, because every share of stock, every ounce of gold, every barrel of oil that anybody buys, is discretionary. You never have to invest in the stock market, in the bond market and cryptocurrency, but you cannot sit out the real estate market. From an economic perspective, I don't have to own real estate, but I'm going to have to interact financially. And so it really doesn't operate like other quote, unquote, asset classes, but I think the big folks did figure out is that there is stability in real estate. There's not the efficiency they would like, and that's a good thing for us. We like inefficiencies in the real estate market, but more and more we are seeing funds being put together, even today, to acquire property. But to your point, and it's an excellent one, you see the headlines and you see the name calling of these big, faceless, nameless corporations. They're buying up all the inventory. They're not it is a drop in the bucket compared to what mom and pops own and will continue to own Keith Weinhold 11:53 yes, and of course, I'm talking nationally. When I bring up those one two and 3% institutional share numbers, it's going to be lower in some areas, it tends to be a higher proportion of buying that the institutions do in Texas and also in a lot of southeastern markets, like Atlanta, Jacksonville, Charlotte and Tampa. Robert you have a good bit of knowledge and some involvement in the mid term rental market. We're talking about rentals of one to six months in duration. Here, can you talk to us about trends in the midterm rental market? Robert Helms 12:25 Yeah, it's a fascinating area. You know, back in the day, these would be referred to as corporate rentals, so a corporation might lease an apartment and furnish it, and then they would have different people stay there over the years, so the corporation would be responsible for the lease. I had some tenants like this many, many years ago, and it wouldn't be up to me. It'd be up to them who had the keys at the time. And a tenant might stay six or seven months. A tenant might make four or five weeks their stay. And so the idea was they needed a place for these contractors who would come in and work for a period of time to stay. But hotels were a lot more expensive. Well today you see even the folks who got involved in short term rentals making a decision to invest in people like traveling nurses who come and stay for four to six weeks, or these clients who will come in and work for two months in this location, two months in this location, two months in another location. And so they will simply stay in a short term rental type of property for a longer term. And you know, the most expensive things when it comes to real estate or turnover in vacancy. So if we can get the tenant to stay longer and pay a bit of a premium, these are often furnished units, and they don't have to worry about much. And we've had a few opportunities where what started out as a three week rental turned into a six month rental, because sometimes when they bring these folks on these companies, don't know exactly how long they're going to stay, and it's been a great kind of marketplace. There's a few folks that specialize in it. But my experience is that a lot of the people that have gravitated towards midterm rentals used to be in the short term rental business, thinking they'd rent for one or two nights, and lo and behold, they get a client that would stay for a month, and they'd say, Hey, this is pretty cool. Keith Weinhold 14:13 Some conversion rate there from short term rentals to these midterm rentals here, as Robert touched on, you do tend to get more monthly rent for a midterm rental than you do a conventional long term rental. You're going to have some experience for furnishing there. But Robert, you bring up a great point. You mentioned traveling nurses. And of course, here as real estate investors, we're often interested in who we're serving and what that demographic looks like. I also think of midterm rental clients or tenants as students in digital nomads, and oftentimes it's a person relocating where they just want to check out a place for a few months before they consider setting down roots in an area with a long term rental or buying their own place. So can you talk? More about the demographic that we're serving there, because oftentimes you want to follow their trends. Robert Helms 15:04 Yeah, very much. So, you know, today, I think there's a lot of folks that can work from a variety of locations. They do need some things, they need quiet they need a good internet connection, but they will come and go for weeks at a time. And I also think that you see more and more employers looking to contract labor. They have a job to get done. They're not sure they want to bring on a full time employee with all the cost of benefits and onboarding and all that. So they find somebody in the niche that comes in for six or eight or 12 weeks at a time, and they're the perfect candidate for short term rental. But we also see folks that are between gigs. So I might have a six week gig, and three weeks later I have another six week gig, and the three weeks in the middle, I want to go somewhere that's kind of fun to hang out. And so you do see those kind of rentals as well. Keith Weinhold 15:55 Are most long term property management companies open to managing midterm rentals? Robert Helms 16:02 Yeah, good question. There are certainly those that are, but I think we're starting to see a specialty on the aggregator side, folks that are reaching out specifically to the kinds of people who are candidates for midterm rentals from the tenant side and looking to accumulate inventory. So that's been kind of a neat thing to watch. So the focus of most property managers, they're hired by the owner of the property. Well, these groups are really their their salary gets paid for by the tenant, and they're able to negotiate on the behalf of some of these groups, you know, a better rate, better terms. They may negotiate some flexibility and the time for these folks that don't know exactly how long they're going to stay, it's an interesting new area of management, for sure. Keith Weinhold 16:52 Now, of course, we're concerned about a high occupancy rate in midterm rentals, just like we are any type of rental. What does one look for when it comes to advertising platforms. And this could be, you know, going beyond just a well known website. It might be, hey, if you have inroads with the local hospital system, oh, well, can you then funnel some of the traveling nurses, for example, into your midterm rental? Robert Helms 17:15 Yeah, most definitely, it is a specialty niche, for sure, if you're after a robust rental solution. You know, many people in midterm rentals, like in short term rentals, the vast majority of short term rental owners are not making a killing. They are. They're liquidating some cost of what they consider their second home. So the average short term rental landlord has just one property, and that's a property they bought, probably not as a rental. They brought it as a second home, and they're discovering that when they're not there, they can lease it out, and that pays for some of the costs. But there are obviously a few folks who have cracked the code and figured out which markets and where the best opportunity is, and what size units it takes to maintain a really healthy occupancy, and it's the same for this midterm rental. It's a different kind of tenant. It's mostly not families, so it's not larger units with lots of bedrooms. It's also mostly not your higher end rentals with views of the water or up near ski resorts, it's in the bigger towns where there is employment, and that employment triggers most of the midterm rental business. Keith Weinhold 18:29 You, as an investor owner, maybe your cash flow negative on your midterm rental or short term rental, however, you might be using it for a few weeks or months yourself and getting back more of the benefit that way you're listening to get rich education. We're talking with the host of the real estate guys radio show, Robert Helms, more when we come back, we discuss short term rentals, including, is there an air be in bust? I'm your host. Keith Weinhold, hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally, start now while it's on your mind at Ridge lendinggroup.com That's ridgelendinggroup.com. Oh geez, the initial average bank account pays less than 1% on your savings, so your bank is getting rich off of you. You've got to earn way more, or else you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work. With minimum risk, your cash generates up to a 10% return and compounds year in and year out. Instead of earning less than 1% in your bank account, the minimum investment is. 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And you know how I'd know, because I'm an investor in this myself, earn 10% like me and GRE listeners are text family to 66866, to learn about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text family to 66866 Kristen Tate 20:39 this is author, Kristen Tate, listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 20:54 Welcome back to get rich education. We're talking about midterm short term rentals and hotels and hospitality with a long time friend of the show here, Robert Helms and Robert a few years ago, there seemed to be this word airbn bust that was beginning to be associated with Airbnbs. A lot of the difficulty in that market. So tell us, what was that all about, and where are we now with industry trends in the short term rental market? Speaker 1 21:21 Yeah, great question, Keith. What I think happened is the allure of a short term rental, having a beautiful property that people would pay a premium on a nightly rate, sounded wonderful, and it was, and it worked for a lot of folks. But then what happened is, what happens people got the word, they got excited about it, and a lot of people started holding webinars, teaching classes, doing boot camps, and before you knew it, there was way more supply than there was demand. See, the hospitality industry is amazing. The hospitality industry employs 9% of all people in the world and accounts for nearly 9% of the GDP of our planet. Travel is a gigantic industry, and it's led by smart, big, storied institutions. So for folks to come and figure I'll just compete with them with my little apartment didn't necessarily turn out so well. So there was an airbn bust, and it is still lingering today. If you want to make a profit in short term rentals, you absolutely can, but you need to be super strategic. You need to think long and hard about where and what and why and how, because it's very specific. There are certain markets that short term rentals do very, very well, and there's a lot of markets, the majority of markets, where they don't. So as long as you're willing to study and take a look and be realistic and go kick the dirt a little bit, you certainly can get the upper hand. And the reason it's exciting is the average person who owns a short term rental is not professional in any way. They probably don't have too many other rental properties. It's not a big part of what they're paying attention to in their life. And they're simply trying to liquidate some of the costs of ownership. You know, I might rental here or rental there. And the way you can tell Home Away, VRBO, Airbnb, most of the hosts, the owners, make their calendars public, and so it's easy to tell how busy they are. It's amazing to me. I'll look at a marketplace and look at a property and see that month after month after month they're at a six to 8% occupancy, which I wouldn't be excited about myself, but for someone who's got a second home and they don't mind having people stay there for a few nights, they'll pay a premium for that. They legitimately can carve down a lot of their expenses just by renting six or eight or 10% of the time. Keith Weinhold 23:58 Of course, the conventional guidance is before you buy a short term rental, you're really helping yourself out. If you have to fall back on turning that into a long term rental, it would cash flow. But of course, now you're really narrowing your criteria in what is going to work there. And Robert, when we talk about that demographic that we're serving, we touched on that in the midterm rentals. Who are we serving in short term rentals? I think conventionally, we think about vacationers and business travelers Robert Helms 24:24 it's both of those things. I think that originally, people were certainly inspired by the vacation traveler who wanted to have a little more privacy, maybe their own kitchen, maybe a little more space for the dollar. And we still see that for a family, especially a family with small kids, staying at a hotel, ordering room service, eating in the restaurant, all that adds up. And if instead you can go to the grocery store and make breakfast at home, right, you can save the costs. And so there is definitely that clientele, but you also have people in short term rental that are visiting family. They're not really on vacation. In there, just going to an area for a short period of time. We see people that criss cross the country staying in short term rentals, two nights here, three nights there. And so it does have kind of a wide variety. A lot of the markets are very seasonal. Though. There are markets like Branson, Missouri that does really good at some parts of the year and not as well as other parts of the year. Then, of course, there's year round markets. So back to if I'm thinking about it with an investor's hat on, I want to be a little more specific, in particular about what and where I buy. But if I have single family house as my second home, maybe it's in a ski area, maybe it's in a beach area, and it's fairly expensive to maintain. Well, then considering renting it out on a short term basis might help the overall cost of maintaining that property. Keith Weinhold 25:52 You know, my own personal experiences really started to get bad in short term rentals, when I would go stay in a place. And I think we've all seen those memes out there about, my gosh, I had to wash all the dishes and walk the owner's dog and still play some exorbitant cleaning fee. I think we've all kind of grappled with that at some point, but STRS are still a really viable investment for the majority of the operators. But yeah, Robert, most of my experiences in short term rentals recently, including showing up at a place where they had not done the turn. The cleaning person did not stop by. And, yeah, okay, they came over there properly. But it's like, you cannot unsee the mess that was left there before you were there. So I had a series of experiences lately that have actually steered me into staying in hotels more often. And hotels really fit my lifestyle pretty well. I like to work out at a gym. I like to have a gym on site. It's convenient to have a restaurant on site and so on. And you've been in the hospitality and hotel space serving that for a while. Why don't you talk to us about industry trends in hotels. Robert Helms 27:03 Yeah. So travelers, to a great degree, love consistency. They want to be able to rely on cleanliness, on amenities, the very things you mentioned for sure. And so hospitality has a wide range, right? There's the lower end airport hotel where nobody stays more than a night, and it doesn't have a lot of amenities, and then there's the beautiful resort properties and everything in between. But what the hotel industry has done a good job of is providing a consistent experience, and that's what people crave more than anything else. You know, we would call a short term rental more of a unique or boutique or co chair kind of experience, and you don't know what you're going to get. You don't have that consistency. Some folks don't mind that, but for the majority, especially of business travelers, they want to know what they're getting. I can remember years ago, my sister wanted to take us on a family vacation to Maui. It sounded like a good idea. And then she was the one tasked with finding us a place, and decided we would stay at the Ritz Carlton and I looked at the Ritz Carlton website and said, Ah, you know, this is not exactly where I would probably stay in a she's a chiropractor. She says, in order for me to take a week off work, I'm losing $10,000 of the business. I'm not staying in some cheap hotel. I want to stay in a luxury hotel. And we did it, and it was fabulous, and I would stay again. So the point is, if you want to be able to work out, if you want to be able to have 24 hour room service, if you want grab and go that you don't have to walk outside in the cold or the heat, then hotels make a lot of sense, and it's not an either or. They're just both elements in hospitality. I would consider a short term rental property, a hospitality property, and I would consider a 1200 room, four and a half star hotel hospitality property as well. Keith Weinhold 28:58 Sure. Of course, hotels aren't monolithic. There are so many different types. You might have a boutique hotel with a few dozen rooms to a large scale, something like you've been involved in. You've been in a large scale, ground up development for a hotel. And I don't know if you had a hope when you built your large hotel that a big chain like a Hilton or Marriott would buy it from you, or would brand it along with you. But that branding and that consistency of experience can be really important. That's something we especially associate with those larger hotels. So we have some of these things in mind. I mean, where does a new prospective hotel investor begin? Robert Helms 29:40 Yeah, it's pretty difficult to get started, because the properties are big and expensive and risky upfront. So there's a terminology we use the hotel business, which is stabilization. And stabilization is when a hotel gets to the point where it's doing about the occupancy and rate that you would expect. Respect it too long term, and that might be anywhere from two to four years. Well, in the first year, boy, there's hardly anybody there. We have a 300 plus room hotel, and the first night we were open, we had two guests and 160 employees. So you don't have to be a rocket surgeon to figure out that that math doesn't work very well. Nor did it for the first month or the first year. Today, I'm happy to say it works a lot better, but you have to have patience. Now, there's a couple of ways you can get involved. Certainly, a smaller a boutique hotel. I stayed in a hotel a couple months ago that only had eight rooms. It was marvelous. And I thought, boy, you know, probably an individual owns this, but most of the hotel properties are owned by groups or syndications, and so that's another way to get exposure to hospitality. There's some things to love about hospitality, and to me, one of the same things I love about single families is you can find professional management, like folks that really know what they're doing, and create that guest experience that was perfectly possible for someone to buy a single family home as a rental. Maybe it's in their own town, and they want to manage it themselves. And you know, maybe at first that's a good idea, so you can figure out the game you've chosen, but ultimately, you want to hand that off to a professional, in my opinion. And in hospitality, like in multifamily, you have to, you have to have somebody come in with chops to be able to take care of it. And then there's the nuance of franchise which there are hotels that are just independently owned and operated. And then there's franchise hotels. And just like buying a franchise business, you pay a little more, but you get a lot. You get all the systems and the service and the training and the marks, and many cases, you get a big, dynamic engine that brings leads and fills your heads in your beds, which is what the metric we're interested in, in hospitality. And so when we started with thinking about it might make sense, the market we were in had no branded hotels, and we thought, Well, should we be the first? And after doing a bunch of research, I came to the conclusion that, well, it's going to cost something, and there's going to be a benefit, but I don't see it the benefit outweighing the cost. And we decided not to and then, lo and behold, through a strange set of circumstances, today, we are a branded hotel, and I'm thrilled about it. In hindsight, it was the right thing to do, but do understand that most real estate investors that I know are not going to qualify. It's pretty difficult to get a franchisee agreement with one of these hotel brands. You have to have some wherewithal, some experience. They're going to look at your assets and your balance sheet. They're going to look at more than you can imagine to make sure that you're worth betting on, that they'll put their story name on the outside of your hotel. But it does bring up another point in hospitality, which is there's just multiple streams of income in hospitality. I saw a study last year that showed that in the upper resort markets, the fancier hotels and markets you might go to that the average person whatever they spend on their nightly rate in the hotel, they spend 80 to 85% of that per day on all the other things associated with their stay. Now, some of those are going to be off campus, but the more that you can provide to the guests you've already brought onto the property, the more profitable it can be, Keith Weinhold 33:25 from resort fees to valets and more. Yes, there certainly is plenty to add on there. Maybe the last thing in hotel investing is, if someone wants to get started, what should they even be looking at, as far as say, understanding some of the metrics, like rev Park. Can you give us a quick walk around that? Robert Helms 33:45 Yeah, so if you're used to investing in apartment buildings or single family houses, you've probably seen the basic income formula. You know how to calculate for loss to lease and maybe vacancy and those things. Well, there's just a few more intricacies when it comes to hospitality, but it's not that difficult if you just think that you're renting every night instead of every month or every year, and instead of having my turnover be one tenant every two years, it's one tenant every four days. There's just a lot more to pay attention to. And so the most important metrics in the hospitality industry are obviously occupancy, how many nights our rooms are occupied? And then ADR, which is average daily rate, and that is the rate for a particular unit type on average over some period of time, typically a year. And if you were to multiply occupancy times average daily rate, that gives you a revenue per available room or RevPAR. RevPAR can be affected, and it's the primary metric that we drive to in the two ways, you can increase occupancy to increase your RevPAR, but in many cases, you don't need to increase occupancy if. The market will allow you to raise your average daily rent. We've just gone through in the last year that our occupancy is down about 2% for the year, and our average daily rate is up more than 16% so the math works that follow me on this with slightly less wear and tear on the units our owners are making more money. So it is a balance. It's not like I want maximum occupancy. Well, not necessarily. Hardest thing to manage for any hotel is a sold out night. Sounds like a good idea, but you have no wiggle room, whereas when you've got even 3% vacancy and something goes wrong in the middle of the night with somebody's unit, you can get them moved somewhere down the hall, not somewhere across town. So I would say there are some really great resources. If someone's interested in hospitality. There's a big company called the hotel valuation systems, HVs, and they have a lot of great tutorial information available if you're really interested. Go to a conference, a hotel conference, and you'll pick up the lingo pretty quick and meet some of the folks that are in the business. It is, historically, one of the highest return properties, but also a lot of high costs, and again, expect some negative cash flow at the beginning. Keith Weinhold 36:18 Yeah. Well, it was great. And you brought up something that I had not thought about before, about how 100% occupancy could actually introduce problems in the hotel space. And of course, there are a number of other things to consider, surge pricing, high seasons, low seasons, an awful lot that we don't think about when we're renting out single family homes one year at a time. Well, Robert, that's been a great walk around talking about the institutional space, midterm rentals, short term rentals and hotels, and you and I have a great collaboration coming up together. Why don't you tell our audience about it? Robert Helms 36:55 Oh my gosh. I am so thrilled that you'll be joining us again for our 23rd annual Investor Summit at sea. This event we do once a year, and by its name, you can probably tell that the majority of it happens on a cruise ship. We spend two days in beautiful Miami at a great hotel, then we jump on a luxury cruise ship for seven days. On the days that we're at sea, it's workshops and seminars and panel discussions and round table lunch discussions and all kinds of fun. And on the sea day, on the land days, we go have a good time together. It's extraordinary. You've been with us before, and I'm super excited to have you back with us on faculty, and excited that we're going to get to brainstorm a little bit with a couple other podcasters. So some of the OGS are going to be on this particular summit. Keith Weinhold 37:43 Yes, it is June 20 to 29th this year, where we spend the first two days on land in Miami, and then we spend a week cruising to the Bahamas, St Thomas in St Martin. We're doing it on a beautiful ship, the celebrity beyond. So as one of the faculty members, you'll get to see me do a 50 to 60 minute presentation, a couple of lunch, round table discussions. I might be on a panel or two, and also host a table for dinner each night where participants like you rotate around at the tables, and that way you get to chat directly with most or all of the faculty members. That way. Yes, Robert, I was there in 2016 as an attendee. It's great to finally come back as a faculty member. I will be putting the second pepper on the necklace. Robert Helms 38:29 All right. Well, it's gonna be a ton of fun. And the great thing about it is we have people from all over the world that come and you get in these awesome conversations. You know, you go to a one day or two days seminar, and you get to connect with some people, but boy, and this week, you're going to have a chance to meet all kinds of folks. And the faculty is amazing. Our mutual friend Ken McElroy will be back with us for his 12th year. Peter Schiff's going to be back with us again. We've got the George gammon coming. Brian London, who runs the New Orleans investment conference that you and I usually rub shoulders at, and ton more, just a really great time. And if you're serious about collapsing time frames, you can get more done in nine days on the Investor Summit that you can probably get of two years of just haphazardly going to conferences and watching webinars and listening to podcasts Keith Weinhold 39:18 you will see what we mean if you attend, about putting a pepper on the necklace and what that is all about. I can tell you from attending in 2016 just one previous appearance there. It is the greatest real estate event that I have ever attended. It's really immersive. It's really fun. Of course, you get off on these ports, and there's a beach component to it as well. It's not a low cost event, but as I like to say, it's not cheap, but neither are you. Robert Helms 39:50 It is an investment, that's for sure. I think it's important that you approach it that way, right? As investors, we demand a return. On our investment, and you should do that on the summit. Don't just show up and have a party time. That'll be great. It'll be fun. But be strategic about who you want to meet, who you want to hang out with, and who you want to learn from. The faculty is like no other. We'll have at least 15 faculty members. There's a couple more that we're working on, whose names you would know, but we are not ready to announce yet, but it's going to be so much fun. Oftentimes, the best people you meet, you meet at dinner, or you meet at the beach, or you meet out on deck. So we'd love to have you join us and tell you what, if someone is listening to your show, Keith, and they would love to have dinner with you. All they have to do is let us know that when they register say, you know, I want a chance to have meal with Keith, and I think we can make that happen. Keith Weinhold 40:45 Oh, that's great. And, you know, Robert, it's rare. It's the type of event where, even though it's been nine years since I was there, you developed such a close kinship with the like minded attendees that, you know, I might see a some of it's a Facebook friend now, you know, Steve or Dave or something. And I'll always remember, oh yeah, I met Steve on real estate guys Investor Summit to see it's almost like a relationship you would have with, like, a long ago high school classmate, to be around each other for nine days and all these places. It just kind of brings this different element to it. You can learn more at Investorsummitatsea.com, and get registered there. You can see my smiling face in the faculty section along with the other faculty members. Remember, it's really about all the other people that you meet. You have any last thoughts about the terrific Investor Summit at Sea Robert? Robert Helms 41:36 I would just say that in life, we tend to regret the things that we don't do a lot more than the things that we do. So get on board. You'll have an amazing time. No matter how great we say it is. It's better than that. It's like summer camp for the affluent, summer camp. As a kid, you didn't want to go, you weren't sure, and by the end, you were lifelong buddies. It's like that. It's investing on steroids. The photo ops are amazing, and you'll meet super cool people, plus you'll get the hangout with Keith and I. So I would say join us for the 23rd annual investors Summit. Keith Weinhold 42:14 There's wisdom out there that says you should say no to more things in life, and in one tranche, that makes sense, and you also need to say yes to more things in life that fits the category. Here with the Great Investor Summit at Sea I really anticipated. It's one of my biggest events of the year. And Robert, it's been great having you back on the show. Robert Helms 42:35 Thanks so much, Keith, and appreciate your listeners. Listening in today. Don't quit your Daydream Keith Weinhold 42:42 Well, said. Next week on the show, we talk about how to streamline the operations at your rental properties. Is it better to own rental property with, say, two bathrooms rather than one, or is that just another faucet that can leak and shower that can leak and toilet that can clog, and the pros and cons of allowing your tenant to have a pet in your rental unit, it's those sort of operational things and more that we help you improve next week right here on The GRE podcast, it's interesting about investing in a hotel to such a large scale that you can court major franchise branding, like with Hilton, Marriott Wyndham or Hyatt, which Robert has successfully done. And I have visited that property of his with him in person, and it's amazing what he's done there. And you know something, I have rarely met an American, or any global resident that is averse to staying at a branded hotel. I mean, that only seems to be an attractant. Now in the US, some people, they used to dislike franchise restaurants. I even remember people saying, Hey, we don't need another chain restaurant in my town. But I've never seen people scorn chain hotels and today, I mean, in the here and now, people seem to want both franchise restaurants and hotels. I mean today, you're more likely to hear something like hey. When is our town getting a Chick fil A? Why don't we have one yet? And of course, there is plenty of opportunities in these shorter term stay spaces without ever attracting a branding deal, major thanks to the terrific Robert helms today for his keen insight on shorter term rental real estate. This event, June's investor summon at sea is such a good time, and Robert really knows how to host it and make sure you have a good time. After doing it for more than 20 years, it is a rich, immersive experience with people, places, learning and. And relationship building. It's the type of experience that you just can't get from an Instagram reel. It does draw attendees worldwide, although most attendees were from the US when I was there that one previous time. When you register, if you want to make sure that you get dinner with me, let them know, and we'll make it happen, because we know that you haven't heard enough of my voice every single week for more than a decade now, right? In my opinion, it is the crown jewel of world real estate investing events start at Investorsummitatsea.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 45:46 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 46:14 The preceding program was brought to you by your home for wealth building. Get rich education.com
Yaron Naymark, Founder of 1 Main Capital, is back for the fifth time on the podcast to provide an update on his thesis for International Workplace Group plc (LSE: IWG), and how he overcomes the general investor skepticism associated with the company. For more information about Yaron Naymark and 1 Main Capital, please visit: https://www.1maincapital.com/ Yaron's original YAVP appearance talking $IWG.L: https://www.youtube.com/watch?v=QmVjVOoG6Sc Yaron's last YAVP appearance talking $IWG.L (June 2024): https://www.youtube.com/watch?v=FkZng2PSdxM Chapters: [0:00] Introduction + Episode sponsor: Daloopa [1:31] Overview of $IWG.L and why it's interesting to Yaron [10:36] Valuation [13:42] Franchisees happiness levels with IWG / IWG's "secret sauce"; competitive advantage [21:44] Funding is an obstacle? / RevPAR [33:00] Overcoming general investor skepticism [44:36] Recent transactions in the IWG (shared space) industry, and what that means for IWG valuation / why doesn't Regis own WeWork right now [53:15] Valuation [57:02] What the most likely reason Yaron thinks the thesis doesn't play out / final thoughts Today's sponsor: Daloopa Earnings season is hectic—there's no way around it. But what if you could take back the time you spend on manual model updates? With Daloopa, you can. Daloopa automates your audit and update process, instantly pulling accurate, fundamental data from filings and reports directly into your models. That means no more wasting hours on repetitive tasks. Instead, you can focus on analyzing trends, refining strategies, and staying ahead of the competition. Stop letting manual work slow you down. Set up a free account today by visiting daloopa.com/YAV and see how Daloopa can transform your workflow.
In this episode of Hotel Moment, Karen Stephens sits down with Jan Freitag, National Director of Hospitality Analytics at CoStar Group. Drawing from over two decades of experience and CoStar's vast dataset covering 192 countries, Jan shares his expert predictions for the hospitality industry in 2025, discussing everything from RevPAR growth to the evolving luxury travel market. He also offers valuable insights into how wealth effects are driving luxury hotel performance and why experiential travel is reshaping revenue management strategies.
Una vez superado el ecuador del frío mes de enero, os traemos una dosis muy especial. A 48 horas del inicio de FITUR una de las ferias de turismo más importantes a nivel mundial, entrevistamos a los representantes de 2 herramientas TOP de Revenue Management. ✅¿Sabes que puedes formar parte de la Comunidad RevenueKnowmads y que tenemos descuentos de entre un 15 y un 40%? ¡Aquí tienes toda la información!: 👉https://www.revenueknowmads.com ✅¿Quieres aprender más sobre revenue management, marketing, distribución, ventas y comercialización hotelera?. Te invito a que te suscribas a Hotel Marketing School: 👉https://hotelmarketing.school/ ✅El GRAN LIBRO del COACHING HOTELERO es una guía práctica que combina conceptos de coaching con estrategias específicas para la gestión hotelera. Si deseas profundizar en el tema, te recomiendo leerlo al completo. Y al igual que hicimos los dos últimos años, en la previa de Fitur, volvemos con la tercera parte del episodio: “RMS: el FUTURO de los REVENUE MANAGEMENT SYSTEMS en 2025”. Nuestra querida Maialen Guisasola (CEO de La Pequeña Hotelera) entrevistará a los representantes de 2 herramientas TOP de Revenue Management: Idoia Herrero (Revbell) y James Rhind (RoomPriceGenie). Aquí te dejamos los datos de contacto, y calendarios de disponibilidad, de Idoia Herrero, James Rhind y Maialen Guisasolai por si queréis agendaros una cita en Fitur: 👉Idoia Herrero (Revbell) contacto y agenda: ✅Email: idoia.herrero@n-and-c.eu ✅Agenda: https://outlook.office.com/bookwithme/user/ 9119d50f03184605bc1780a0adacb585@n-and- c.eu/meetingtype/J3CyhTSCLkOXGg6pZ9PFvw2? anonymous&ep=mlink ✅Linkedin: https://www.linkedin.com/in/idoiaherrero/ 👉James Rhind (RoomPriceGenie) contacto: ✅Email: james@roompricegenie.com ✅Linkedin: https://www.linkedin.com/in/james-rhind/ 👉Maialen Guisasola (La Pequeña Hotelera) contacto y agenda: ✅Email: lapequenahotelera@gmail.com ✅Agenda: https://calendly.com/lapequenahotelera-info/fitur-2025 ✅Linkedin: https://www.linkedin.com/in/maialenguisasola/ 🎧 Escucha el episodio y DESCUBRE cómo UN REVENUE MANAGEMENT SYSTEM PUEDE AYUDARNOS en NUESTRA ESTRATEGIA con el claro OBJETIVO de OPTIMIZAR LA RENTABILIDAD ¡Os dejamos con la dosis de esta semana! //////////////////// ¿Quieres más? 👉 Si quieres seguir aprendiendo con nuestros vídeos semanales te invito a suscribirte a este canal sobre Revenue Management, Distribución, Marketing y todo lo que ayuda a un negocio de alojamiento a crecer (hoteles, rentals, campings, hostales..) donde además hablo sobre estratégias y tácticas para emprender. 👉 Si además quieres seguir mi día a día como emprendedor te animo a visitar mi otro canal https://www.youtube.com/channel/UCLGC… 👉Y si quieres que te muestre 7 maneras, algunas de ellas GRATIS, en las que puedo ayudar a personas como tú a 1) Crear marca personal y autoridad 2) Generar ingresos pasivos y emprender 3) Mejorar el Revenue de su negocio 4) Aprender todo sobre Revenue Management (Una estrategia que nace en el sector servicios y de la que muchos negocios deberían aprender), Distribución de producto online - offline, Marketing Digital y Rentabilización de Negocios de cualquier tipo te animo a entrar en https://bit.ly/jch7minutos 👉 También puedes seguir aprendiendo con nosotros, aquí te dejamos acceso a https://www.rkmuniversity.com Se trata del primer MBA en negocios de alojamiento turístico y sus cursos son 100% bonificables y pueden salirte, totalmente, GRATIS. MARCAS DE TIEMPO 0:00 Presentación del episodio: RMS: el FUTURO de los REVENUE MANAGEMENT SYSTEMS en 2025 06:12 Maialen (La Pequeña Hotelera) presenta a los invitados: Idoia Herrero (Revbell) y James Rhind (RoomPriceGenie) 08:16 Vídeo de Jaime Chicheri 11:14 Vídeo de Dácil Rodríguez (7 Revenue Rules) 15:29 ¿Qué hitos destacaríais en los mercados Madrid / Barcelona en 2024? 22:01 Crecimiento en cuanto a tarifas (ADR, Revenue y Revpar). ¿Cómo afectan estos resultados a la ciudad? 28:25 Desde el punto de vista del Revenue Manager: ¿hay un techo en cuanto al crecimiento del ADR? 36:12 ¿Cuál ha sido el impacto de los eventos en cada uno de los destinos? 47:15 ¿Qué perspectivas tenéis para los detinos Madrid y Barcelona en 2025? 51:07 ¿Cómo afecta la llegada de turistas internacionales? 1:05:12 2 o 3 estrategias que recomendaríais a un Revenue Manager para este 2025 1:08:58 ¿Cómo eran vuestras herrarmientas antes de la llegada de la IA? 1:16:08 ¿Qué novedades nos traerá 2025? 1:23:56 ¿Cuáles serán los temas de los que hablaremos, dentro de 1 año, en todo lo relacionado al mundo de los RMS? 1:26:06 Fitur 2025: Últimas novedades (algún adelanto que quieras compartirnos en exclusiva) y reflexiones finales del episodio
In this episode of the STR Data Lab Jamie Lane, Chief Economist at AirDNA, and Scott Sage recap November's key metrics in the short-term rental market and projections for the future. They discuss metrics such as Average Daily Rate (ADR), occupancy, RevPAR, listings, and demand growth, all of which exhibited positive year-over-year signals. Special attention is given to ADR, which saw a 7% growth in November, partly due to easy comparisons with last year's 3.9% decline. The hosts highlight the deceleration in supply growth from 15% last year to 4% this year and its positive impact on occupancy and pricing power. Additionally, they explore the influence of economic drivers like inflation, Fed decisions, and the potential implications of a Trump presidency on the short-term rental market. They anticipate a slight increase in inflation rates and higher interest rates into 2026, which could affect investment and supply dynamics. The discussion rounds off with insights into 2025, labeled as the 'Year of Efficiency,' focused on maintaining and growing operations effectively. Stay tuned for the upcoming 'Best Places to Invest Report' in January. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, sits down with Bram Gallagher, the Director of Economics and Forecasting, to discuss the current state and future outlook of the short-term rental market. They start by reflecting on their successful prediction from last year that 2024 would see a balance between supply and demand. Discussing the economy's resurgence, Bram details how 2023 was marked by slow GDP growth, high inflation, and recession worries, but 2024 has seen significant improvements in GDP, income growth, and falling inflation. The duo gives credit to the Federal Reserve for its quick rate hikes, which played a crucial role in stabilizing the economy. They discuss the robust state of the economy, with employment growth, stock market highs, and a strong housing market, while also acknowledging potential risks. They then shift focus to how the current economic environment affects short-term rental investors, predicting higher interest rates for longer and stable, possibly increasing, home values. Supply growth for short-term rentals is expected to moderate, with significant declines in new listings since rate hikes began. For 2025, they foresee a 4.7% supply growth, further reducing in 2026. Performance metrics remain strong, with occupancy expected to recover and ADR increases contributing to revPAR growth. The hosts note market-specific variations, with areas like Maui, Gulf markets, and urban centers like New York seeing dynamic changes. They also discuss geopolitical instability, inflation risks, and the enduring issue of housing affordability as potential threats to the positive outlook. Concluding on a cautious yet optimistic note, they express confidence in the U.S. short-term rental market's firm footing. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
In this episode of the STR Data Lab, Jamie Lane, Chief Economist at AirDNA, VP of Marketing Scott Sage discuss the October performance of the short-term rental market. The conversation starts with a brief discussion on the 2023 U.S. election results and its potential implications for the industry. They report strong occupancy growth for October with demand remaining stable, and highlight the overall positive trends in RevPar, available listings, and total demand nights. Despite some variations in occupancy increases due to supply changes, they note that demand has surged, particularly influenced by slower supply growth due to high mortgage rates. Regulations also impact supply trends, especially in urban and coastal markets. The hosts analyze unemployment rates, the Federal Reserve's interest rate cuts, and their impact on the real estate market. They also emphasize the significance of the Christmas and New Year holidays on booking rates, noting a two-week period of high demand thanks to the date placement this year. Additionally, they touch upon rate setting strategies for hosts and mention cautious observations on RevPar decline in small city and rural markets despite overall national growth. The episode wraps up with a high-level overview of the 2025 outlook report, discussing expected trends influenced by decelerating supply growth and constant demand. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
In this episode of the Vacation Rental Revolution podcast, Shawn & Dave discuss the evolving landscape of the short-term rental market, emphasizing the importance of understanding market dynamics, risks, and strategies for success. They highlight the dilution of profitability due to an influx of new investors and the significance of focusing on gaining an 'unfair share' of the market rather than just a fair share. The conversation also touches on the impact of natural disasters on investment decisions and the critical role of metrics like RevPAR in evaluating investment opportunities.You can become a part of the Vodyssey family by sending an email to:support@vodyssey.com Cheers,Shawn MooreFounder, https://vodyssey.com/Follow us:https://www.instagram.com/vodysseyshawnmoorehttps://www.facebook.com/vodysseyshawnmoore/https://www.linkedin.com/company/str-financial-freedomhttps://www.tiktok.com/@vodysseyshawnmooreChapters:00:00:00 - Intro 00:00:00 - The Show Begins00:01:20 - Who Is Jake 00:01:50 - Today's Agenda00:02:15 - USA Today Stats On STR's00:03:40 - Natural Disasters 00:08:15 - Shawn's Thoughts (AirBnBUST)00:11:25 - Fair Share Of Business00:15:30 - WE TEST SHAWN 00:23:20 - Wrap Up
At The Lodging Conference, Ryan Bosch of Arriba Capital and I discussed the latest trends in hotel development and how it's affected by interest rates, market shifts, and hospitality industry development strategies. Whether you're a seasoned investor or just curious about the future of hotel construction, this conversation offers key insights on what's coming next. Key discussion points: Current interest rates
Continued coverage from The Lodging Conference 2024 where I chatted Joseph Bojanowski, President of PM Hotel Group. We discuss key strategies hoteliers are usong to combat rising costs and labor shortages by leveraging technology to enhance guest experiences and improve the bottom line. Learn how the PM team are navigating industry challenges with innovative approaches to drive profitability. *Hotel margins are under pressure due to rising labor costs and declining RevPAR. *Strategies to enhance profitability through guest experience and technology. *How PM Hotel Group is using automation and robotics to free up staff for guest interactions. *Innovative learning platforms, including TikTok-style training for younger employees. *Preparing for the future of hospitality amidst labor shortages and economic uncertainty. #LodgingConference2024 #HospitalityTech #HotelManagement #GuestExperience #HotelIndustry #HospitalityInnovation #HotelProfitability #PMHotelGroup #GlennHaussman
We're diving deep into extended stay hotel profitability with International Hospitality Technology Hall of Famer Cindy Estis Green, the Co-founder and CEO of Kalibri Labs. We're joined by cohost Doug Artusio, Founder of the Extended Stay Lodging Association, to explore how data-driven insights are reshaping the extended stay market. In this episode, we cover: Kalibri Labs: Gathering data from 30,000+ hotels for unmatched RevPAR insights Why understanding the composition of demand is crucial for extended stay success The rising cost of guest acquisition: From 5% to up to 25% in recent years How to choose the most profitable guest acquisition channels The power of benchmarking to boost your hotel's bottom line Why not all customers are created equal when it comes to profitability Practical examples of how extended stay developers can benefit from data insights Key strategies for operators to target the right business mix The critical role of length of stay in determining hotel success Gain actionable tips on using data to make smarter, more profitable decisions in the evolving hotel landscape. Thanks to Dellisart Hospitality for sponsoring this episode.
In this episode of STR Data Lab, Jamie and Scott dig into the highs and lows of the summer season and give their predictions for what's coming this fall. They kick things off by talking about a 4% increase in RevPAR over the summer, even though nearly half of submarkets saw declines. Jamie and Scott remind us that local market trends are key to understanding the bigger picture. August was a standout month, with a 12% boost in demand, thanks in part to the timing of Labor Day. Jamie also highlights the strong growth in hotel demand and how it aligns with the ongoing rise of short-term rentals. The conversation then moves to the impact of recent Fed rate cuts on the STR industry, especially when it comes to 30-year fixed mortgage rates. They also dig into the different challenges and opportunities for STR operators in urban versus rural markets. Looking ahead, they predict stable to slightly positive growth in occupancy for the rest of 2024. Plus, they touch on concerns around Airbnb's stock performance and how it may not fully reflect the overall health of the industry. The episode wraps up with a preview of upcoming events like VRMA and the Vacation Rental World Summit, along with an update from Jamie on his own short-term rental investment journey “Jamie's Lane Change”, which you can also follow on AirDNA's YouTube channel. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
In this episode of the STR Datalab, Jamie and Scott kick off by discussing their summer experiences and share their favorite Olympic moments, while exploring how the Paris Olympics have influenced the short-term rental industry. The hosts highlight a significant boost in Airbnb listings and demand during the Olympics, driven by an expanded supply in Paris. The episode also unpacks Airbnb's Q2 2024 earnings report, noting strong growth tempered by concerns over shortening booking lead times and a dip in U.S. guest demand. Jamie and Scott examine the factors behind these trends, including economic uncertainties, upcoming elections, and shifting guest behaviors. Jamie points out a shift toward mobile bookings, with Airbnb increasingly relying on its app, and discusses the strategic partnership between Sonder and Marriott, which underscores evolving strategies in the STR space. They also recap July 2024 STR performance, crediting positive demand growth to peak summer travel while warning of potential market uncertainties ahead. Key metrics like occupancy, average daily rates, and RevPAR are analyzed, revealing growth in urban areas but declining rates in coastal and rural regions. The episode also touches on macroeconomic influences, including recent Fed actions, and how these may shape future STR trends. Jamie wraps up with a forward-looking view, predicting demand growth for August, boosted by an early Labor Day, but expressing caution about rate fluctuations. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
Episode 262 of the Hotel Marketing Podcast pits the cast members against each other to pick the top line items every hotel needs in their 2025 hotel marketing budget. Is your budget set to drive RevPAR in 2025? This episode will show you exactly want you want to invest in next year. SHOW NOTES AND MORE!https://www.TravelBoomMarketing.com/podcast
Send us a Text Message.Welcome to What's Up in Business Travel for Week 33 of 2024. This is a weekly podcast from BusinessTravel360, where we update you on what's up this week in the world of business travel. This podcast is great for those who need to know what's happening all in under 15 minutes.Topics covered during this podcast -CBRE cuts 2024 US RevPAR outlookARC's July US ticket sales reboundNorth America, APAC and Western Europe lead the global marketsNorth American airlines worst hit by global IT outagesTSA won't drop liquid ruleAlaska Airlines invests in JetZero aircraftWizz Air partners with CaraveloBagtag partners with SabreDelta begins rollout of free international WiFiAmex opens Centurion Lounge in Salt Lake CityLufthansa opens Premium Lounge at Newark AirportIndiGo adds Business Class & Loyalty ProgramAustralians eligible for Global EntryTune in every Monday morning to get your weekly update. We hope you will make this a regular part of your week and listen in while you on the move or sitting back and sipping your coffee.You can subscribe to this podcast by searching 'BusinessTravel360' on Google Podcast, Apple Podcast, iHeart, Pandora, Spotify, Alexa or your favorite podcast player.This podcast was created, edited and distributed by BusinessTravel360. Be sure to sign up for regular updates at BusinessTravel360.com - Enjoy!Support the Show.
In this episode of the STR Data Lab, Jamie Lane welcomes Ben Gross, CEO of Minty Living, as their first two-time guest. Ben provides an overview of Minty Living, highlighting its growth and technological advancements over the past four years. The conversation explores the challenges and importance of technology in scaling operations in the short-term rental market. Ben discusses the operational complexities and his approach to integrating technology for better efficiency and profitability. They delve into how Minty Living manages to maintain high guest experience scores and operational efficiency at scale. Ben shares insights on handling market changes, regulatory impacts, and macroeconomic forces affecting the industry. The discussion also touches on the challenges of tech-enabled service providers and the build vs. buy dilemma. The conversation shifts to the broader urban short-term rental market, addressing declining RevPAR, supply dynamics, and investor sentiment. Ben elaborates on how he uses data to drive business efficiencies and optimize vendor performance. He also talks about the potential for collaboration with local governments and other vacation rental managers. Ben concludes by reflecting on Minty Living's journey towards profitability and future plans to leverage their findings to help other vacation rental operators. You don't want to miss this episode! ~~~~ https://mintyliving.com/ https://www.instagram.com/mintyliving ~~~~ Signup for AirDNA for FREE
In this episode of Hotel Moment, Karen Stephens flips the format and shares some of her own story while recapping insights from previous guests. Karen shares her background at Revinate and the importance of using technology to drive revenue. With a new look and feel, the podcast explores technology, commercial strategy, and budgeting in the hospitality industry. Hotel Moment started during the COVID-19 pandemic and has been going from strength to strength since then.
Mike and E discuss the intricacies of interpreting data in the short-term rental industry with guest Anurag Verma, co-founder of PriceLabs. The conversation covers the potential dangers and benefits of data interpretation, recent updates to the PriceLabs platform, and current industry trends, including occupancy rates, ADR, and RevPAR. Listeners will gain valuable insights into effective revenue management strategies, the importance of customer feedback, and the impact of macroeconomic factors on the short-term rental market. 00:00 Introduction to Data Interpretation 00:26 Meet the Hosts and Their Unique Real Estate Approach 01:08 Special Guest Introduction: Anurag Verma from PriceLabs 02:42 Industry Trends and Market Analysis 06:27 Revenue Management Strategies 16:22 New Tools and Features from PriceLabs 26:20 Mastering Property Filters 28:42 Navigating Market Trends and Supply 30:31 Airline Industry Insights and Market Cycles 34:18 Adapting to Market Changes 40:15 Enhancing User Experience with Multi-Calendar 46:41 Customer-Centric Development 51:07 Final Thoughts and Recommendations Anurag Verma's Bio Anurag Verma is the co-founder of PriceLabs. Before PriceLabs, Anurag was with United Airlines for six years designing and improving revenue management algorithms and systems. In 2014 he brought his experience of revenue management automation prevalent in airlines and hotels into the vacation and short-term rental industry. With a background in mathematics and statistics, Anurag is also a PhD in Operations Research. Connect with Anurag https://www.linkedin.com/in/anuragxverma/ Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices
Mike and E discuss the intricacies of interpreting data in the short-term rental industry with guest Anurag Verma, co-founder of PriceLabs. The conversation covers the potential dangers and benefits of data interpretation, recent updates to the PriceLabs platform, and current industry trends, including occupancy rates, ADR, and RevPAR. Listeners will gain valuable insights into effective revenue management strategies, the importance of customer feedback, and the impact of macroeconomic factors on the short-term rental market. 00:00 Introduction to Data Interpretation 00:26 Meet the Hosts and Their Unique Real Estate Approach 01:08 Special Guest Introduction: Anurag Verma from PriceLabs 02:42 Industry Trends and Market Analysis 06:27 Revenue Management Strategies 16:22 New Tools and Features from PriceLabs 26:20 Mastering Property Filters 28:42 Navigating Market Trends and Supply 30:31 Airline Industry Insights and Market Cycles 34:18 Adapting to Market Changes 40:15 Enhancing User Experience with Multi-Calendar 46:41 Customer-Centric Development 51:07 Final Thoughts and Recommendations Anurag Verma's Bio Anurag Verma is the co-founder of PriceLabs. Before PriceLabs, Anurag was with United Airlines for six years designing and improving revenue management algorithms and systems. In 2014 he brought his experience of revenue management automation prevalent in airlines and hotels into the vacation and short-term rental industry. With a background in mathematics and statistics, Anurag is also a PhD in Operations Research. Connect with Anurag https://www.linkedin.com/in/anuragxverma/ Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/mikesjogren Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Learn more about your ad choices. Visit megaphone.fm/adchoices
We're live at HITEC 2024 with special guest Ed St.Onge of Flip.to! Join us as we learn how creating a truly personalized guest journey can expand your property awareness, increase conversion rates, and lead to an amazing RevPAR. SHOW NOTES AND MORE! https://www.TravelBoomMarketing.com/podcast
In the latest episode of the STR Data Lab, Jamie Lane and co-host Scott Sage break down May's U.S. market performance. They highlight a 7% increase in available listings—the lowest growth seen in three years—and an 11% rise in demand, which has led to a 3% increase in occupancy rates. Despite these gains, occupancy rates still trail behind 2019 levels, albeit with signs of a rebounding market. Jamie points out that the average daily rate (ADR) growth is up 1.5%, with a noticeable shift towards larger rental units. Revenue per available room (RevPAR) has also seen a promising increase of 4.5%, signaling a positive shift after two consecutive years of declines. However, urban centers like New York and San Francisco are experiencing a drop in listings due to regulatory challenges, in contrast to the growth seen in suburban, mountain, and coastal regions. The duo discusses the slowdown in supply growth, attributing it to cautious new investment and market conditions. They highlight robust performance in smaller and mid-sized cities like Bloomington, Buffalo, and Albany. The conversation also covers the impact of international travel dynamics, the strength of the dollar, and the critical role of marketing the U.S. as a welcoming destination. Looking ahead, Jamie and Scott forecast stable demand growth at around 6-7%, driven by overall travel spend and short-term rental adoption. They emphasize the resilience of the upscale and luxury segments, which are outperforming due to limited supply and growing demand. Jamie predicts a slight increase in RevPAR for 2024 and more substantial growth in 2025, contingent on stable supply growth and favorable economic conditions. The episode concludes with a discussion on potential wild cards, such as interest rate changes and their impact on investment in the short-term rental market. The hosts express cautious optimism for the sector, advising operators to focus on differentiated, high-quality offerings to maintain a competitive advantage. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
With this year's NYU International Hospitality Industry Investment Conference just wrapped, it is a good time to look at the state of U.S. hotel business. And what we heard might surprise you. According to industry researchers STR, growth of RevPAR – that's “revenue per available room” -- is now projected to be 2% this year, down from 4%. And luxury-hotel RevPAR growth is now predicted to be down 0.2%, instead of up 5%. But is this downgrade troubling, or is it just a correction from the last few years of postpandemic growth? At the conference, hotel executives talked up the return of corporate travel, the growth of group bookings and the need to grow their brands' room counts. We delve into all that in this episode with Nicolas Graf, a clinical professor at NYU's Jonathan Tisch Center of Hospitality, and hotels editor Christina Jelski. Episode sponsor This episode is sponsored by the Globus Family of Brands. https://www.globusandcosmos.com and https://www.avalonwaterways.com Stay tuned at the end of the episode for a special sponsored interview with Globus' chief sales officer Camille Olivere, led by Mary Pat Sullivan, executive vice president of marketing and partnerships for Northstar Travel Group. Related links Demand for U.S. hotels drops, forecast adjusted https://www.travelweekly.com/Travel-News/Hotel-News/Demand-for-US-hotels-drops-forecast-adjusted With leisure leveling off, hotel CEOs welcome a surge in business travel and groups https://www.travelweekly.com/Travel-News/Hotel-News/Hotel-CEO-panel-NYU-hotel-conference-2024See omnystudio.com/listener for privacy information.
Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | Apartment Sharing
Apply for our revenue management service at https://freewyldfoundry.com/rpm/. Jairo Osorno, founder of Del Carmen Hospitality, shares his journey in the short rental business, from starting with a single unit to managing 51 listings. He discusses the challenges of the master leasing model, the impact of COVID-19, and the importance of revenue management. Jasper Ribbers, host of Get Paid for Your Pad, explores the evolution of the short rental industry and the strategies for success in the current market. The conversation covers revenue management strategies for short-term rental properties, focusing on pricing, booking windows, and operational optimization. It also delves into the importance of marketing, distribution, and the role of virtual assistants in property management. The discussion provides valuable insights for hosts and operators looking to maximize revenue and streamline operations in the short-term rental market.TakeawaysJairo Osorno's journey from a single unit to managing 51 listingsChallenges and changes in the short rental industry over the past decadeThe impact of COVID-19 on the master leasing model and revenue managementThe importance of operational support and family involvement in the businessStrategies for success in the current short rental market Short booking windows can lead to last-minute bookings at lower prices, impacting revenue.Changing pricing strategies and leveraging early bird promotions can drive bookings further in advance.Completing Airbnb listings with detailed information and optimizing categories can improve search visibility and conversion rates.In-house operations and standardized amenities can provide flexibility and efficiency in property management.Hiring virtual assistants with industry experience and attention to detail can support operational tasks and guest communication.Chapters00:00 The Journey of Del Carmen Hospitality: From Single Unit to 51 Listings04:45 Challenges and Changes in the Short Rental Industry11:29 Navigating Market Challenges: The Impact of COVID-19 and Revenue Management25:35 Maximizing Revenue in Short-Term Rentals: Pricing Strategies and Booking Windows35:37 Optimizing Operations and Marketing for Short-Term Rental Properties42:20 The Role of Virtual Assistants in Property Management Hosted on Acast. See acast.com/privacy for more information.
In this episode of the STR Data Lab, hosts Jamie Lane and Scott Sage offer an in-depth analysis of the recent dynamics and future outlook of the short-term rental industry. They discuss the prolonged challenges marked by declining RevPAR, noting this recurring trend in 22 of the last 24 months. Despite these challenges, both hosts maintain an optimistic outlook, highlighting the potential for growth and resilience within the market. They pinpoint the main cause of the RevPAR decline as an ongoing imbalance between supply and demand, notably in major urban centers like New York City. Nonetheless, they identify growth areas in smaller and midsize cities, though the pace is more moderate than in previous years. Jamie and Scott explore various factors influencing industry performance, such as interest rates, job growth, and consumer spending patterns. They predict sustained demand growth spurred by forthcoming events like Memorial Day and university graduations, which traditionally lead to more bookings and elevated ADRs. They emphasize the critical role of revenue management strategies in boosting profitability, advocating for a focus on increasing ADR rather than occupancy alone. The episode also previews upcoming enhancements to the AirDNA platform, designed to provide users with more intuitive and actionable market data to streamline analysis and decision-making for investors and operators. Ending on an optimistic note, Jamie and Scott highlight the positive trends in occupancy and ADR as the summer travel season approaches. Despite ongoing challenges, they express confidence in the short-term rental market's resilience and adaptability. You don't want to miss this episode! ~~~~ Signup for AirDNA for FREE
In this episode of the STR Data Lab podcast, Jamie Lane and Scott Sage discuss various short-term rental (STR) data trends, starting with the notable surge in demand during March, attributed largely to the Easter holiday. This uptick in demand led to increased occupancy rates and revenue per available room (RevPAR), signaling a positive trend for the industry. However, they caution against viewing this as a definitive sign of recovery, pointing out ongoing challenges such as rising interest rates and international travel restrictions. They delve into the complexities of supply growth, noting a moderate increase in available listings but refraining from labeling it as a reacceleration. The discussion extends to different location types, with leisure destinations experiencing more pronounced growth compared to urban areas. Looking ahead to Memorial Day, Lane and Sage anticipate strong demand, particularly in coastal and mountainous regions. They emphasize the importance of contextualizing data to individual markets, offering insights into optimizing bookings for STR operators. Throughout the conversation, they stress the significance of understanding macroeconomic factors and leveraging data insights for strategic decision-making in the STR industry. They highlight the need for operators to stay informed about market trends and adapt their strategies accordingly, provide practical tips for operators to navigate the evolving landscape, including analyzing booking patterns and adjusting pricing strategies, and underscore the role of data-driven decision-making in ensuring the success and sustainability of STR businesses. Ultimately, Jamie and Scott advocate for a proactive approach to managing STR properties, grounded in a deep understanding of market dynamics and trends. They encourage operators to stay agile and responsive to changing market conditions, while remaining focused on delivering value to guests. You don't want to miss this episode! ~~~~ Jamie's Viral Tweet: https://twitter.com/Jamie_Lane/status/1775281707358335296 ~~~~ Signup for AirDNA for FREE
Glenn and Anthony are thankful. Here's why. Plus, hotel industry news including CBRE makes 2024 RevPAR prediction, Hilton wins Best Place top work from Fortune magazine and Great Place to Work, and, IDeaS' 2024 hotel tech predictions.
Glenn and Anthony are thankful. Here's why. Plus, hotel industry news including CBRE makes 2024 RevPAR prediction, Hilton wins Best Place top work from Fortune magazine and Great Place to Work, and, IDeaS' 2024 hotel tech predictions.
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