"Our owners' business model has been very challenged.?We've experienced record revenue, but expenses have risen at a greater clip. So we have to reverse that, and the only way is by utilizing technology to our advantage." We're with you, Mitch I. Patel! Thanks for sharing.
Today I am talking with Mitch I. Patel, Founder of Vision Hospitality Group, Inc. Group, to discuss the state of the #hospitality industry and how to prepare for future challenges. During the Hunter Hotel Investment Conference last week, Mitch shared powerful insights on navigating market uncertainty, leveraging #technology to lower costs, and finding opportunities even in tough times. ?? Key Topics Covered: ?? Is the hospitality industry slowing down? Mitch breaks down the real story behind the numbers. ?? Building a "brick house" – the importance of strong brands, markets, and operational excellence. ?? Why smart hoteliers should be opportunistic, not fearful during downturns. ?? Using technology to reduce costs and enhance guest satisfaction. ? Lessons from Vision Hospitality’s bold moves during the Great Recession and how they paid off. ?? Special Thanks to Our Sponsor: A big shoutout to Otelier – the software powering every great host. Check them out at otelier.com! ?? Like, Share & Subscribe! If you’re looking for actionable strategies to strengthen your hotel business, this episode is a must-watch. #HospitalityTrends #HotelBusiness #NoVacancy #MitchPatel #VisionHospitality #HotelTechnology #HospitalityInsights #HotelOwners #BusinessGrowth #Otelier