In the second part of our two part Seat At The Table episode, we continue the conversation of opportunities in adjacent spaces. The hotel industry has grown out of a simplified operating model in order to to grow the business. Khajavi and Collet discuss how that approach has now become a contradiction.
Langston asks how developers can build efficiency into design without falling victim to increasing real estate prices. Ewald adds that businesses need to be capable of digitalising the customer journey. Hotels still have a lot of work to do and that the mindset needs to shift from one of conformity to that of disruption according to Widmann.
How do adjacent spaces compare to hotels when it comes to lending opportunities?
In case you missed it, the first instalment A Seat At The Table: How to sweat the assets takes us through sweating the asset: how hotel operators can optimise the real estate they occupy by embracing adjacent spaces.
This week's panel was hosted by Alexi Khajavi, Jonathan Langston and Julie Rey-Gore with guests:
Andreas Ewald, Managing Partner, Engel & Volkers Hotel Consulting
Camil Yazbeck, Senior Vice President, Head of Development Europe, Accor
Fabrice Collet, President & CEO, B&B Hotels
Michael Widmann, Managing Partner, PKF Hotels
Navneet Bali, Founder and CEO, LyvInn