Blog - Peck Hotel Consulting

Hotel Investment & Development Trends: Key Takeaways from Cayuga’s Annual Conference

At Cayuga’s annual conference, Jon Peck led a panel to explore where the lodging sector is headed and what owners, operators, and investors should expect in the months ahead. Moderator: Jon Peck, President of Peck Hotel Consulting, and Cayuga Hospitality Consultant Panelists: Renee Bagshaw, COO, Continental Contractors Mike “Woody” Woodward, CGO, HVMG Rick Tomljenović, COO, Tristar Hotel Group Industry…

A New Digital Sheriff in Town: How Generative AI is Reshaping Hotel Marketing

How Generative AI is Reshaping Hotel Marketing Hotel operators have only recently begun mastering digital marketing to effectively reach consumers. Just as many are catching their breath, a new revolution is well underway: Generative AI is fast becoming the key intermediary between hotels and their guests. Operators who fail to understand and adapt to…

Hotel Renovations: When to go BIG

Most owners and prospective buyers aim to minimize their hotel’s CapEx spending on Property Improvement Plans (PIP) or renovation work and with good reason — it keeps their investment as low as possible.s When and Why to “Go Big” on your Hotel Renovation However, there are scenarios below where owners may want to go bigger. Strong…

A Tale of Two Panels: Insights from the Frontlines of Hotel Operations and Investments

In recent weeks, I had the unique opportunity to delve into current dynamics in the world of hotel operations and investments through participation in panels at the Cayuga Hospitality Consultants annual meeting and the BizNow Hospitality Summit in Chicago. The two panels offered a timely glimpse into the intersecting paths of hotel investors and operators,…

Hotel Development: Pencils Down

Hotel supply grew a meager 0.5% in 2022 and is forecasted to grow just 1% on average for the next three years, according to a CBRE June report.Meanwhile, demand is expected to exceed supply with some projections showing demand increased as high as 2%. Hotel Supply and Demand Historically, supply and demand have maintained…

Three Questions and a Funeral

Three Questions and a Funeral The U.S. hotel transaction market looked to be downshifting as we closed out 2022. The first part of 2022 had three times the transaction volume (deals $10M+) of 2021, but the rise in interest rates has dramatically slowed the transaction lead volume in Q4. Jon Peck hosted a panel titled…