Door Capital Partners

DOOR CAPITAL PARTNERS INVESTOR DAY

On November 6th, at Door Capital Partners, we held our much-anticipated Investor Day event, a space dedicated to strengthening ties, sharing knowledge, and enjoying experiences with our community of partners and collaborators.

The day began with a warm gathering where all attendees had the opportunity to connect and share ideas. Later, we delighted our senses with an exclusive wine tasting, accompanied by a fine selection of fine deli meat and cheese that made this moment an unforgettable experience.

The event concluded with a fire side chat with Eric Guerrero, Senior Managing Director and Partner at HVS who shared his extensive experience and insights on the current hotels investment landscape.

This event not only reinforced our vision for growth but also highlighted the importance of continuing to build strong relationships within the investment world. We thank everyone who joined us on this special day and invite you to stay tuned for our upcoming events. At Door Capital Partners, we build the future together.

Join us into 📰🌎 !

US Hotel Performance Expected To Improve Despite Economic Slowdown
by CoStar

The U.S. economy is expected to slow next year while the hotel industry continues to recover and grow.

In a presentation during the PKF Hospitality Group's virtual 196+ Summit Americas 2023, Jan Freitag, national director of hospitality market analytics for CoStar, said hotel demand is expected to grow 1.8% in 2024.

That demand growth should translate to occupancy growth of 1% because hotel supply growth won’t be a big headwind for the industry, he said. In the past, the hotel industry has overbuilt heading into a downturn, but this time the higher interest rate environment is contributing to limited new supply of hotels.

The long-term average for supply growth is 2.1%, but the 2024 forecast is 0.8%, Freitag said. Room rate growth of 4.2% this year and 3% next year are basically at the current level of inflation. That means revenue per available room is expected to grow 4.8% this year and 4% in 2024, a “good conservative measure” given Oxford Economics forecasting zero GDP growth in the first two quarters of next year, he said.

Read the full note: https://www.costar.com/article/16165111/us-hotel-performance-expected-to-improve-despite-economic-slowdown?utm_source=newsletter&utm_medium=email&utm_campaign=hospitality&utm_content=p3

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Next-Gen Marketing Experts On How Launch Events Help Hotels Stand Out from the Noise
by CoStar

In the hotel industry, "launches" are often reserved for new brands or grand openings.
But Emily Penfold Dailey, founder and CEO of hospitality-focused marketing agency PenDailey Consulting, said that is short-sighted.
"In a hotel, often you think a launch is when a hotel opens for the first time and then you’re done after that," she said in the latest episode of the Next Gen in Lodging podcast

Dailey said a launch event is the perfect way to draw a new demographic to a hotel or to introduce the public to new features or room products. Having people on the property is an essential element to any launch, as that opens up opportunities for sales and revenue, but also great activation content — photos and video — for use in marketing.
In this episode of the Next Gen in Lodging podcast, host Davonne Reaves talks with Dailey as well as Monrae Tuggle, the founder of Marketing By Monrae, in "an exploration of how the hotel industry is undergoing a remarkable transformation in its approach to launching new marketing campaigns," Reaves said.

READ THE FULL STORY: https://www.costar.com/article/1037248164/next-gen-marketing-experts-on-how-launch-events-help-hotels-stand-out-from-the-noise