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JMBM’s Global Hospitality Group® hosted the 31st edition of Meet the Money® national hotel conference on May 6-8, 2024. Alongside exciting networking opportunities and insightful discussion panels…
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JMBM’s Global Hospitality Group® hosted the 31st edition
of Meet the Money® national hotel conference on May 6-8, 2024.
Alongside exciting networking opportunities and insightful
discussion panels, the conference featured several special
presentations interpreting the latest data and industry sector
highlights. In the third and final part of this blog series, we
highlight the special presentations given by Troy Flanagan, Ariela
Kiradjian, Jackie Collins and Paul Single.
AHLA Update 2024
Troy Flanagan, Executive Vice President of External Government
Affairs and Industry Relations for the American Hotel & Lodging
Association, kicked off the final day of presentations by sharing
AHLA’s report on the state of the industry for 2024.
Troy discussed the results from this year’s report and what
it means for the year ahead for hotels. He also provided an update
on key issues impacting hotels and hotel investors being considered
by the government at the federal, state and local levels.
The full presentation can be downloaded
here.
Boutique Hotel Transaction Patterns
Ariela Kiradjian, Co-Founder, Partner & COO of the Boutique
Lifestyle Leaders Association, continued the day of special
presentations by exploring the dynamic investment landscape of
independent boutique hotels.
The boutique market has seen a slight uptick in M&A as
investors seek unique properties. This indicates a healthy interest
in boutique properties with strong individual branding. 20% of
investments came from high-net-worth individuals and family
offices, which shows a diversification in the investor pool and
investment strategy. There is a significant potential for growth
and higher returns, particularly in secondary and tertiary
cities.
The full presentation can be downloaded
here.
What Every Hotelier Needs to Know About Insurance and
Controlling Costs
Jackie Collins, Senior Director / VP, Hospitality Practice for
Gallagher, gave the last of the Tuesday morning presentations and
shared insights on insurance tailored specifically for the
hospitality industry.
No two hotel insurance programs are the same and not two
insurance brokers are the same. Hoteliers should work with an
insurance broker that specializes in the Hospitality industry. A
list of needed coverages are included in Jackie’s presentation,
linked below. According to Jackie, the insurance market is
drastically changing and there are ways for hoteliers to take
advantage of these positive changes.
The full presentation can be downloaded
here.
City National Rochdale Economic Update
Paul Single, Senior Economist and Managing Director of City
National Rochdale, gave the final presentation of the conference.
He gave an overview of the current economy and shared CNR’s
economic outlook.
He noted that the outlook for the U.S. economy continues to be
solid, based on an unemployment rate below 4% for more than two
years and wages growing faster than inflation. The pace of growth
is expected to moderate due to the maturing of the economic cycle
and the high cost of credit. The Fed is expected to cut interest
rates this year and in the next few years, allowing the economy to
continue expanding.
The full presentation can be downloaded
here.
Meet the Money Special Presentations
Save the date for Meet the Money® 2025!
Next year’s Meet the Money® conference is set for May
5-7, 2025 in Los Angeles, and planning is already underway. Please
save the date on your calendar.
About Meet the Money®
For over 30 years, Meet the Money® has created an energetic
environment to forge relationships, negotiate deals, and gain an
in-depth understanding of hotel investment and finance. Our
national hotel conference attracts heavy hitters and offers an
opportunity for productive, one-on-one networking with them.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
