The absence of Mm blogs as of late is certainly not due to a lack of things to say. For anyone who knows our team, someone always has a comment about something. We’re busy. Yes, that’s right. We serve the struggling hi-end luxury hotel market and we’re very busy. Our clients have taken the strings off their wallets and are once again spending on marketing.
The Wall Street Journal reported last week that “Hotel investors seem to be betting the current, prolonged recession is creating a pent-up demand for travel that will push hotel occupancy rates and revenues to soar in the recovery that follows. Marriott's revenue per available room fell 19% in the third quarter, but its share price has gained 109% since the March 9 market bottom.”
The article went on to portray a bleak picture of the hotelier future, but we’re hopeful. With clients ranging from InterContinental to Best Western, in locations from Scottsdale to Orlando, it seems that there is some positive business momentum. Stalled projects have gotten legs and new proposals are being requested all the time. Kudos to our awesome Director of Business Development AND to those of you who’ve decided to march forward and market. We’re very blessed.
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