Top 4 Concerns Across HSMAI Advisory Boards for 2024

Every year each of the HSMAI Sales, Marketing, Revenue Optimization, and Global Distribution Advisory Boards scout important issues for the coming year. This article looks at four themes that cut across the commercial disciplines.  

1. AI & Technology

It is no surprise that embracing and leveraging artificial intelligence (AI) and technology was top of mind across advisory boards. There was a focus on automating processes to enhance efficiency and improve productivity.

2. Talent

The battle for top talent continues to intensify. Much like the HSMAI Foundation, advisory boards are prioritizing retaining, developing, and recruiting skilled professionals. Tactics include illustrating clear and compelling career paths.  

3. Commercial Strategy

Aligning sales, marketing, and revenue management strategies is more crucial than ever. Advisory boards are actively engaging in discussions on how to ensure these areas work in concert rather than in silos.  

4. Economics

With the constant flux of the global economy, advisory boards are deeply engaged in understanding the cost of sales, return on investment (ROI), and macro-economic trends. Staying ahead of economic shifts allows organizations to make informed decisions, mitigate risks, and seize opportunities as they arise. 

Travel Experiences in a Digital First World: Preparing for Disruption with the Rise of AI

Julie Hoffman, Global Director Industry Strategy Travel, Hospitality and Dining, Adobe 

This is the third installment in a series of articles sharing insights from our partners who presented at an HSMAI Chief Marketing Officer Roundtable 

Brief overview of research 

The last 3 years have brought unforeseen challenges to the travel industry and accelerated the need to simplify. More than ever, today’s businesses face pressures to evolve rapidly, catering not only to the demands of their customers but also the emergent technological landscape. 

5 challenges business face in retaining loyalty:  

  1. Competition in Loyalty Retention. 
  2. Rapid Market Changes. 
  3. Rise of In-Session Service & Support. 
  4. Scaling Personalization Through Maturity. 
  5. Massive Personnel Shortage. 

Today, it is not just about delivering but how quickly you can do it. Both digital and physical experiences need to be rapid, seamless, and aligned. Through our research we discover the evolving consumer behaviors and answer the questions:  

  • How many chances do we get before losing a customer?  
  • What drives loyalty in today’s world? 

Biggest Takeaways 

Brands that are digital-first are leading in personalization maturity. Online Travel Agencies (OTAs) currently set the tone at the initial stages of the consumer journey. Three findings to highlight: 

  1. Loyalty is hard to gain, but easy to lose. 
  2. Consumers are buying experiences, not products. 
  3. Speed, convenience, and relevancy are now more important than cost savings.  

We found that a delay of even 1,000 milliseconds can turn away customers, when their expectations are not being met. It is pivotal for brands to optimize their digital platforms. Brands need to offer an integrated journey, binding both digital and physical experiences for a genuinely personalized touch. 

Why is this Research Timely? 

AI has reached the disruption tipping point. Especially in sectors like travel, brands leveraging personalization through automation are seeing substantial returns. We have witnessed an acceleration in digital progress, operating at speeds 20-25 times faster than previously predicted. In this new era, speed and convenience form the backbone of loyalty. 

Implications for Marketing Professionals 

Consumers want a brand that sees them. Meeting this need for connection can cement loyalty. The integration of offline and online experiences is a necessity. Companies have the opportunity to utilize data from past interactions to enhance future engagements. Recognition, acknowledgment, and awareness are integral to hospitality and can significantly improve consumer relations. 

Understanding and adapting to these insights is not just about keeping pace but about moving ahead. 

Learn More 

Webinar: Driving Consumer Loyalty During Digital Disruption 

State of Personalization in Travel & Dining 

HSMAI Perspective: Unlocking Talent Trends – Insights from the State of Talent Report

Robert A. Gilbert, CHME, CHBA, President and CEO, Hospitality Sales & Marketing Association International (HSMAI) 

The hospitality industry is continually reshaped by transformative trends and innovations. The HSMAI Foundation Special Report: The State of Hotel Sales, Marketing, and Revenue Optimization Talent 2023-2024, a cornerstone resource for sales, marketing, and revenue optimization leaders, offers a roadmap for navigating these changes. This year’s report is more than findings and forecasts. It offers best practices, case studies, and suggested actions to improve talent outcomes across the commercial functions.  

The report is made possible with the support of the HSMAI Foundation’s corporate talent partners and is authored by Dorothy Dowling, Managing Director, Horwath HTL, and a special advisor to the HSMAI Foundation board. 

Key Insights  

This year’s report unveils nine crucial trends: 

  1. Meeting the Needs of Multigenerational Workforces 
  2. The Rise of The Gig Economy and Fractional Staffing Models 
  3. Retention Through Upskilling, Reskilling and Upward Mobility 
  4. Transforming Employee Engagement 
  5. Leadership Defines Culture and Organizational Purpose 
  6. Return to Office and Hybrid Work Models 
  7. Cross Functional Teamwork and the Evolution of Commercial 
  8. The Rise of Artificial Intelligence 
  9. Prioritizing Emotional Wellness 

Dive Deeper 

The State of Talent Report is an invitation to be a talent leader, championing models that thrive on research, inclusivity, and forward-thinking leadership.  

“Each of the 9 trends represents a piece of our industry’s talent puzzle,” said Lori Kiel, CHDM, HSMAI Foundation Chair and Chief Commercial Officer, The Boca Raton Resort and Club. “The State of Talent Report highlights the industry’s positive trends while honoring the adaptability and innovation inherent in hospitality.” 

Explore the full report and join the conversation on how we can collectively elevate the people at the heart of hospitality. 

The HSMAI Foundation is funded solely by individual and corporate donations. If you are interested in being a 2024 Corporate Talent Partner, click here.  The Foundation is also focused on building a bridge to the future of talent via individual, tax deductible gifts to the Century Campaign.  You can learn more and donate here. 

What’s On the Mind of Rising Sales Leaders?

HSMAI’s Rising Sales Leader Council Members are the future of sales leadership, with new ideas and creative solutions. They are adapting to an industry that is influenced by economic uncertainties, rapid technological developments, and changing customer needs. At their first meeting of 2024, they reviewed their scouting reports, covering the topics they believe will be most relevant this year.  

  1. The Balancing Act of Inflation and Service Excellence

Rising leaders are focusing on how to maintain client relationships amidst rising costs. They are focusing on adding value through unmatched service levels. It’s all about showing appreciation and ensuring clients feel the worth of every penny spent. 

  1. Embracing Technology and AI with Mostly Open Arms 

From social media marketing to the latest event tech and AI tools like ChatGPT, technology is a game-changer. The group discussed how they use tech as an aid, but don’t forget the human touch that makes the hospitality industry so special. 

  1. Staffing Challenges and the Search for Talent Post-Pandemic

The pandemic left a void in experienced staff, but it also opened opportunities for reinvestment in training. Rising leaders are striving for a balance between attracting top talent and ensuring a healthy work-life balance for their teams.  

  1. Geographic Trends and Competitive Strategies

The impact of geographic location on business is significant, with trends varying from city to city. The council members thought that adapting strategies to local markets while keeping an eye on the competition is key to staying ahead. 

  1. Changing Customer Buying Habits

Rising leaders are brainstorming creative ways to engage clients and ensure prompt responses.  

  1. Preparing for Economic and Political Shifts

With elections, ongoing conflicts, and the resulting shaky economic outlook, 2024 has a lot of uncertainty. RSLC members are actively preparing for economic ebbs and flows, staying agile and informed. 

The 2024 Rising Sales Leader Council members include:  

  • Kathryn Alioto, Sales Manager | Raymond Management 
  • Susana Chan, Reservations Manager | IHG – Regent Santa Monica Beach 
  • Megan Chase, Sales & Event Manager | The Otesaga Resort Hotel 
  • Kayla Church, Sales Team Lead | Sojern 
  • Cecilia Quinones, National Sales Manager | Bellagio Resort and Casino 
  • Katlynne Eastin, Solutions Consultant Sr Manager, Global Strategic Accounts | SiteMinder 
  • Haley Farmer, Sales Manager | Parks Hospitality 
  • Danielle Fournier, Sales Manager | Hilton Denver Inverness 
  • Tayla Hull, Convention Sales Manager | ARIA Resort & Casino 
  • Max Ingerman, Convention Sales Manager | MGM Resorts International 
  • Jenna Keegan, Regional Director of Sales | Aimbridge Hospitality 
  • Victoria Maino-McDermott, Area Director of Sales | Aimbridge Hospitality 
  • Jake Moreland, Global Sales Manager | Hyatt Hotels Corporation 
  • Mandy Murray, Area Director of Sales | Aimbridge Hospitality 
  • Megan O’Neill, Convention Sales Manager | MGM Grand | MGM Resorts International 
  • Angelique Sanchez, Senior Sales Manager | New York LaGuardia Marriott 
  • Kate Swantak, Kessler Sales Manager | Kessler Collection 
  • Kristina Taylor, Regional Sales Manager | Lighthouse, formally OTA Insight 
  • Tre Wilke IV, Sales Coordinator & Business Development | Evans Hotels 

Behind the Scenes of the Adrian Awards: Judges Reveal Winning Strategies

Every year, the Adrian Awards demonstrate creativity, strategic excellence, and technological innovation. This year’s awards have not only highlighted the excellence that illuminates our industry but also presented a wealth of insights from the judges —insights that can benefit every travel marketing and PR professional. Here, we dive into the trends that distinguished winners from entrants in the eyes of the judges. Our judges have a rich history of involvement with HSMAI and a deep understanding of the industry’s evolution.  

1. Strategy Meets Creativity 

The essence of winning entries lies in their ability to blend strategic planning with creative execution. Campaigns that stood out were lauded for their “great content strategy” and “impressive results,” proving that a solid campaign foundation combined with innovative execution could create magic. But what sets the winners apart? 

The awards highlighted the undeniable power of creativity—be it through captivating visuals, compelling storytelling, or innovative content formats. Judges were particularly taken with entries that pushed the boundaries of creativity, offering audiences something truly memorable. 

2. The Importance of Technology 

This year, technology emerged not just as a tool but as a core element of storytelling and engagement. The integration of new technologies, from augmented reality to advanced analytics, demonstrated that the future of hospitality marketing lies in embracing innovation. Yet, as we marvel at the tech-infused narratives, a call for authenticity echoes, reminding us that technology should enhance, not overshadow, the human touch. 

3. Demonstrating Results 

In a landscape driven by data, the emphasis on measurable results has never been stronger. Entries that presented clear ROI and tangible outcomes captured the judges’ attention, underscoring the importance of not just crafting beautiful campaigns but also demonstrating their impact on business objectives. 

For Future Competitors 

The shift towards more engaging, technology-driven campaigns has set a new standard. Bolstering the trends, one judge shared some advice for future entrants: 

  1. Strategic Clarity and Comprehensive Reporting: Future entrants, whether hotels, agencies, or DMOs, are encouraged to lean into strategic planning and transparent reporting. It’s not just about winning an award; it’s about fostering growth and learning within your team.
  2. Results and ROI: While tangible results are crucial, the ability to weave a compelling narrative about your campaign’s impact can be just as powerful, especially when numbers are hard to come by. Either way, demonstrating results is key for winning entries. 
  3. Embrace Authenticity and Innovation: In a sea of advertisements, authentic and innovative campaigns stand out. Future entrants should focus on creating marketing messages that resonate on a personal level while leveraging the latest technologies to enhance their storytelling.

As we look forward to the 2024 awards competition, let’s take these lessons to heart, daring to innovate, inspire, and, most importantly, inspire travel in meaningful ways. 

Visit the Adrian Awards Winners’ Gallery for more insights.

HSMAI Long Read

Attracting Hospitality Business Students to “Commercial” Careers: Insights From the 2023 Fall HSMAI Faculty Forums

Rob Kwortnik, PhD, Associate Professor of Service Marketing, Nolan School of Hotel Administration, Cornell University SC Johnson College of Business 

Executive Summary: In the fall of 2023 the HSMAI Foundation engaged faculty from colleges and universities in the Americas, Europe, and the Asia-Pacific region to address how the industry could better support faculty efforts to educate and motivate students to pursue careers in commercial fields. Faculty expressed the need for ongoing information about current industry knowledge and practice, including case studies, digital assets, and access to industry professionals as guest speakers. Industry can take a more active role in bringing commercial careers to the classroom through paid internships, specific case studies, industry RFPs sent to schools for research projects, and access to industry for mentoring students. Attracting talent to commercial fields in hospitality requires robust industry-academic collaboration and proactive industry partners. 

Action Items for Travel And Hospitality Business Leaders: 

  1. Build relationships with hospitality faculty to share insights, trend reports, and expertise about current commercial practice in hospitality. 
  2. Guest lecture in classes to help faculty and students connect theory to practice. 
  3. Collaborate with faculty by joining university advisory boards, associations (such as the HSMAI), or special interest groups to discuss curriculum and teaching.  
  4. Become a content marketer for commercial careers.  
  5. Tell the brand story through commercial applications such as case studies using real business situations and data, video cases involving decision makers, or simulations of problem solving typical in commercial contexts. 
  6. Champion internship programs and career-planning resources that guide students in their educational journey as they consider commercial opportunities. 

When we’re looking at addressing students who are going to be entering industry in two to three years, what does this look like for them? We need to prepare them for being commercial practitioners, not salespeople, not marketing people, not revenue management people. And for that they’re going to need good foundations in all of those ideas in order to be prepared for what it looks like in the real world. 

-Nicole Young, Senior Corporate Direct of Commercial and Revenue, Rosewood Hotel Group (10/23/23 Hospitality School Revenue Faculty Forum) 

Travel and Hospitality Customers Are Back but Talent Is in Short Supply to Support Commerce 

The resurgence of travel and hospitality in 2023 following the COVID-19 pandemic was nothing short of remarkable. Travel and hospitality businesses pushed through additional headwinds such as supply chain shortages, inflation, and concerns about a recession dampening buyer spending. Lodging rates surged in many markets; demand returned to pre-pandemic levels—and sometimes better—for bars, restaurants, cruise lines, spas, and casinos. Even business travel bounced back, though the sector still lags leisure.  

Yet one area remains a significant challenge, and in some cases, a critical limitation in 2024: the lack of labor. A recent American Hotel & Lodging Association report revealed that two out of three hotels still have staffing shortages, and that’s despite higher wages, better benefits, and more worktime flexibility. Though the labor deficit is largely in terms of front-line staff, there’s also a shortage of knowledge workers vital to commerce and operations. 

Central to the HSMAI Foundation’s mission is attracting, developing, and engaging talent in the fields of sales, marketing, and revenue management—or what a growing number of travel and hospitality organizations are calling the commercial (commerce-focused) domain of the business. Rather than viewing sales, marketing, and revenue management (as well as distribution and customer loyalty) as distinct and sometimes siloed, a commercial perspective is integrative both strategically and functionally, with technology as an enabler, and where market growth and revenue generation are primary goals. 

Understanding this emerging commercial perspective and how to attract tomorrow’s talent to careers in commercial’s component fields was a theme of the HSMAI Foundation’s Faculty Forums in the fall of 2023. The HSMAI Foundation engaged 49 faculty from 38 colleges and universities in the Americas, Europe, and the Asia-Pacific region through six virtual faculty forums. The forums addressed how industry could better support faculty efforts to educate and motivate students to pursue careers in commercial fields. In addition to polling faculty on how industry can partner with academia or provide resources to help with curriculum development, the faculty forums featured discussions with subject matter experts Eric Kreins, Managing Director of Strategy Accounts, Hilton Hotels & Resorts and Chair of the Sales Advisory Board for HSMAI; Jay Hubbs, VP of Advertising, Marketing, Innovation, and Analytics, BWH Hotel Group; James Wheatcroft, Global SVP Mid-Scale Brands Accounts, Accor; Nicole Young, Senior Corporate Director of Commercial and Revenue, Rosewood Hotel Group; Shumi Khan, Global SVP Business Intelligence & Revenue Management, Accor, and Chair of the HSMAI Europe Revenue Optimization Advisory Board, and Liz Perkins, VP Commercial, Hilton Hotels & Resorts. 

The Commercial Field Is Evolving and Academia Needs to Keep Pace—With Industry’s Help

College and university faculty teaching in business and hospitality programs are key intermediaries for the talent pipeline but face challenges in performing this role. A main challenge is the evolution of the field in terms of structure, practice, and technology. Noted one revenue management forum participant: “The field is changing rapidly and is adapting new technology as a new concept every year. In order to apply that new concept into the revenue management course, as faculty members, we want to know what’s going in the industry and what topics in the industry are hot potatoes.” Indeed, when asked what they most wanted to discuss with subject matter experts, faculty were especially interested in trends in sales, marketing, and revenue management, especially how artificial intelligence is affecting commercial practice.  

Among the trends that play an important role in attracting talent is the transition of sales, marketing, and revenue management to a commercial discipline, which only compounds the challenge of explaining to students what people in sales, marketing, revenue management—and now commercial—actually do. Commented one faculty participant, “I remember in 2010 there was this discussion about separating marketing from revenue management. It seems like after 10 years or 14 years, we are coming back to put them together. Universities or programs in hospitality need to start from a curriculum perspective. We need to start developing a commercial course to make students more prepared when they go to the industry, in addition to [courses in sales,] revenue management, and marketing.” 

Some faculty acknowledged that the idea of a commercial discipline is vague, both conceptually and in practice; that is, the models, methods, and tactics of commercial. Nicole Young, Rosewood Hotel Group’s Senior Corporate Direct of Commercial and Revenue, offered an insightful take on the issue saying, “I recognize it’s difficult in academia, really, to keep up with the whiplash sometimes, but if you remember, revenue management was a hot ticket for a while and it was going to rule the world. But then when you get down to it, sometimes we’re a little too sharp on the business side and not as customer focused as we need to be, which is really where marketers come into play. And so, especially with the digitization and distribution being so open, transparent, and dynamic, you really have to have both of them together to deliver an optimized strategy that is customer friendly.” 

Young further explained, “Commercial is really taking that revenue strategy and making sure that it is aligned and deployed through how we communicate directly with our customers through sales, how our message is marketed and how we’re merchandised, [and] where our products are distributed. So, it really is very closely aligned, but maybe the next iteration is where you get commercial. And if you think of it academically, commercial is almost like the capstone, right? It’s the application of these building blocks of skills that we put together.” 

Forum faculty were polled about industry resources that would be of interest to support curriculum development or enhancement for commercial courses. The top responses speak to the need for ongoing information about current industry knowledge and practice:  

  • Case studies and supplemental materials 
  • Digital assets, videos, interviews, podcasts, etc. 
  • Access to industry professionals as guest speakers 

Less sought after by faculty because of the time required or lack of flexibility were: 

  • Faculty development opportunities or certifications 
  • Faculty externships 
  • Plug-and-play curriculum 

Faculty elaborated on these needs, saying that finding hospitality case studies about commercial fields such as sales, marketing, and revenue management is not easy. Noted one participant, “One thing that seems to work well with the undergraduates is video case studies, because that way they don’t have to do a lot of preparation beforehand.” Another forum participant suggested simulations or games to help students understand commercial practice and how to use data to make decisions. These responses signal an opportunity for industry to think about content marketing not just as a customer-attraction tool, but also to attract talent through the development and dissemination of case studies, videos, white papers, and gamified simulations that faculty might use to expose students to commercial fields—and to the content creators (brands) as thought leaders in the space.  

One example of such content is the HSMAI Adrian Awards, now it its 67th year, which recognizes hospitality brands and agencies for excellence in travel marketing, including advertising, digital marketing, public relations, and integrated campaigns for hotels, airlines, cruise lines, car rental companies, destinations, and more. The Adrian Awards’ archives, which features cases of recent winning entries, can be found on the website Adrianawards.hsmai.org. The cases describe the goals for the communication, what the strategy was, what the outcomes were, and the creative elements. 

Industry Can Take a More Active Role in Bringing Commercial Careers to The Classroom 

Faculty teaching in hospitality programs can find it daunting to translate theory into practice—to explain how modern travel and hospitality sales, marketing, and revenue management are performed, especially in dynamic fields such as digital marketing. Posed one faculty forum participant who teaches integrated marketing communications and digital media, “As an educator, I worry that I’m behind at times even as I try to stay as current as possible. So, if you’re looking to hire someone right out of school, what’s the expectation from industry as far as students’ knowledge of some of these areas and more importantly, their ability to use [technology]? I have a lot of students who are worried that they need to be coders…” 

Jay Hubbs, VP of Advertising, Marketing, Innovation, and Analytics, BWH Hotel Group, responded, “At the end of the day, I need industry expert experience, right? Well, industry or some kind of experience outside of the classroom that says this is something that you want to do. Outside of my analytics department, I don’t hire anyone who knows Python on my social media team, I don’t have that expectation. But I do like people that have social media experience, which goes beyond just posting. If they’ve got a side gig and they’re doing campaigns, they’re a mini or Nano influencer, and they can tell us how they’re telling their story or connecting with an audience, that is great experience, I think, for an undergrad or a grad student if they want to be in hospitality marketing.” 

Echoed Nicole Young, Senior Corporate Director of Commercial and Revenue, Rosewood Hotel Group, “We shouldn’t be teaching the back-end math [for case studies]. We should be teaching theory of how you build your business cases. So, the subject matter just shifts a little bit. Actually, I think it will make executives out of our people a lot earlier if we can remove all of just the tactical rote mess that lives in hospitality technology.” Eric Kreins, Managing Director of Strategy Accounts, Hilton Hotels & Resorts, offered a similar opinion “Students need to be well versed in data, and I think they need to be well versed in analysis. We want people who are curious, so we want them to be able to figure out the answers to their questions themselves.”  

In support of this approach to preparing the next generation of commercial practitioners, a forum poll revealed that faculty partner with the industry in a variety of ways, most often with guest speakers and class projects, but also by obtaining data for case studies, doing industry research projects, and facilitating student mentoring.  

Faculty noted that bringing alumni back in the classroom is important, especially when the alumni are close in age to the students and can share their experiences to make the interaction and learning more engaging. Though bringing high-profile senior executives into the classroom is motivational for students, it’s the guest speakers who are out just a few years who spark student engagement.  

Commented one faculty forum participant, “I always think the [executives) will be really motivational for students, because they [the students] could be this someday, but, boy, they want that person who’s been out two or three years. They’re looking only that far ahead. So, they’ll ask them a million questions [of younger guest speakers], and they’ll ask the much higher up ones, like, two questions.” 

Faculty can find it challenging when students ask about career paths in commercial fields because there are so many, as opposed to careers in accounting, finance, or real estate that are more precise and linear, which means more understandable to students. This suggests that travel and hospitality businesses need to do a better job of showing what the career paths are in commercial fields, for example by offering illustrative exemplars of industry leaders and where they were three, five, or ten years after graduation. This illustration might include compensation comparisons to dispel the belief that high-paying careers in hospitality are solely found in finance-related fields.  

To close these knowledge gaps, faculty look to the industry to support their efforts in the classroom. Faculty forum participants were asked how industry could help bolster classes in sales, marketing, and revenue management. Responses indicated that a variety of types of industry contributions to the classroom are valued, though some stand out as most important:  

  • Paid internships 
  • Specific case studies 
  • Industry RFPs sent to schools for research projects 
  • Access to industry for mentoring students 
  • Collaboration for applied research grants  

Rated as less important to educational efforts, though still valued by some faculty, were:  

  • Video libraries of young industry leaders speaking about career paths 
  • Encouraging hotel partnerships 
  • Industry advisors for student groups 
  • Video libraries of executives speaking about curriculum-related topics  
  • A speaker bureau of executives in specialized area 
  • Global competition programs 

Faculty elaborated on these educational needs, especially the importance of paid internships that immerse students in commercial practice rather than just having them work the front desk at a hotel. Noted one participant from the sales forum: “We have found where the student gets the internship, at least 80% to 90% of the time they get hired. So, it’s a turnkey opportunity for the student, and it’s a win for the brand as well, because they get to see and train to their specifications.” Faculty also discussed the challenges of placing international students and how internships can reduce this problem as well as build relationships with hospitality brands that see the strength of the talent produced by strong programs. 

The importance of industry case studies to illustrate for students what commercial practice is and to put students in the shoes of commercial decision makers was underscored throughout the faculty forums. Faculty offered specifics for how industry could develop case studies that are difficult for faculty to source from common case distribution platforms and that would likely generate student interest. For example, one participant stated, “I would like to see industry professionals from HSMAI write case studies and then provide a lecture about their personal experience with the case study.” Other wish-list ideas from faculty for industry case studies included: 

  • Cases that use the types of data, benchmarks, and analytics that commercial practitioners use daily to make decisions 
  • Cases based in international contexts 
  • Industry-sponsored case competitions 
  • Short real-life case studies that cannot be readily addressed by generative artificial intelligence 

In terms of how industry could help faculty to motivate students to consider careers in commercial fields, forum participants again ranked internships first, followed by career planning and placement resources, and access to industry professionals. Ranking less important were mentorships, academic scholarships, student certifications, scholarships for membership in HSMAI, and HSMAI collegiate chapters.  

Speaking to the importance of internships and career planning and placement resources, one faculty participant explained that students can find it difficult to make the connection between the classroom and the career, especially for commercial roles. While students may understand what operational roles involve, they might be intimidated by what exactly a revenue manager does or how much technology they need to know to do the job or if additional education is required. Having some career planning and placement opportunities can “tear down that wall that really puts fear in a lot of students.” 

Industry can also find creative ways to let students see behind the career curtain to get a glimpse into what a hotel salesperson, marketer, or revenue manager does. For example, Eric Kreins, Managing Director of Strategy Accounts, Hilton Hotels & Resorts, revealed that for internal sales conferences, Hilton will reach out to universities with business or hospitality programs located in the conference destination to invite students to join a portion of the conference and have lunch with members of Hilton’s sales team. This interaction can remove the mystery of what hospitality sales do. Kreins stated, “I think that engagement between industry and academia and those students is really vital to help them get exposed to what it is we do on a day-in and day-out basis.” 

Attracting Talent to Commercial Fields in Hospitality Requires Robust Industry-Academic Collaboration and Proactive Industry Partners

HSMAI Foundation’s Fall 2023 Faculty Forums had a consistent narrative: The industry needs talent in hospitality commercial fields, and hospitality educators need the industry to be proactive partners in producing that talent. A common refrain from the faculty who participated in the Forums is that staying current with hospitality management practice in commercial fields is often beyond the capabilities of time-pressed educators. Travel and hospitality organizations that streamline professional development for faculty will not only have better access to students but will nurture better students and future employees. To that end, the HSMAI Foundation’s Faculty Forums point to these opportunities and action items for travel and hospitality business leaders: 

  • Build relationships with hospitality faculty to share insights, trend reports, and expertise about current commercial practice in hospitality. 
  • Guest lecture in classes to help faculty and students connect theory to practice. 
  • Collaborate with faculty by joining university advisory boards, associations (such as the HSMAI), or special interest groups to discuss curriculum and teaching. Share ideas about hospitality business curriculum for tomorrow’s commercial professionals. What courses would you include? What knowledge is critical? What skills are essential? What does the industry need and look for in new graduates?  
  • Become a content marketer for commercial careers. This means answering faculty and student questions about commercial roles and career paths through illustrative examples based on success stories within the organization. 
  • Tell the brand story through commercial applications such as case studies using real business situations and data, video cases involving decision makers, or simulations of problem solving typical in commercial contexts. 
  • Champion internship programs and career-planning resources that guide students in their educational journey as they consider commercial opportunities. 

Faculty Forum subject matter expert Nicole Young, Senior Corporate Director of Commercial and Revenue, Rosewood Hotel Group, aptly summed the need for industry to be proactive in collaborating with academia in 2024 and beyond: “There’s a unique goal that we [industry and academia] share and that’s the people, right? Every university program wants to produce employable individuals into their industry. That serves the value proposition for the student and for the community. And we perpetually struggle with where do we get the pipeline for [commercial fields like] revenue management? Well, unless we change the conversation and help bolster the interest, make it less intimidating and [help] it make sense in how it [commercial] drives the business of hospitality, then we are going to continue to [have] a dry well once we see graduates.”  

What’s on the Minds of the HSMAI Global Distribution Advisory Board Members?

The first meeting of 2024 for the HSMAI Global Distribution Advisory Board took place and we talked about what we’d like to discuss in 2024, including: 

  1. What Distribution technologies are you investing in? 
  2. How are central reservation systems evolving to help solve Distribution challenges? 
  3. How are the GDS (Global Distribution Systems) platforms evolving? 
  4. AI (Artificial Intelligence) – possibilities and threats. 
  5. The rise of financial booking platforms. 
  6. Nontraditional players entering the world of travel. 
  7. Payment strategies and evolution. 
  8. Regulatory and government changes. 
  9. Fee transparency. 
  10. Robotic Process Automation (RPA) use cases for Distribution. 
  11. What does Sales need to understand about Distribution? 
  12. Continued education and the importance of knowledge sharing. 

 

HSMAI’s Global Distribution Advisory Board monitors the landscape of hotel distribution and identifies ways that HSMAI can better serve the discipline. Keep an eye out for discussions from this group throughout the year. Members include:  

  • CHAIR: Sarah Fults, Vice President, Distribution, MGM Resorts International 
  • Sam Al Asmar, VP Revenue, Rotana Hotel Management Corporation PJSC 
  • Brij Bhushan Chachra, Vice President – Revenue Management & Distribution, The Indian Hotels Co. Ltd. 
  • Daniel Conti, Sr. Director Distribution Strategy, Hilton 
  • Andrea Daniels, Director, AMER Distribution & Intermediary Strategy, IHG 
  • Greg Duff, Principal and Chair of Hospitality, Travel and Tourism Practice, Foster Garvey PC 
  • Paolo Federico, Senior Vice President, Revenue Management & Distribution, Jumeirah Group 
  • Sydney Goodwin, Director of Automated Distribution, Omni Hotels and Resorts 
  • David Henry, SVP Distribution Business & Product Management-Digital, Accor 
  • Michael Hucho, Owner & Founder, michaelhucho.de Management Consultant 
  • Nathan Kellar, Senior Director Distribution US/CAN + Global Wholesale, Marriott International 
  • Lauri Mussa, Corporate Director of Reservations & Distribution, Rosewood Hotels & Resorts 
  • Vikram Pradhan, Senior Vice President, Wyndham Hotels & Resorts 
  • Dave Roberts, Professor, Cornell University 
  • Sandra Sari, Sr. Director, Distribution Product & Systems, Four Seasons 

 

How Fintech and Other Trends Are Shaping the Future of Distribution

Keeping up with the latest developments and issues in hotel distribution is essential as it changes. In December, HSMAI hosted a virtual distribution executive roundtable. Industry leaders gathered for a discussion that offered valuable perspectives on the state of distribution. Read on for the key takeaways from the discussion.  

  • Fintech – Friend or Foe?  

The conversation started with a deep dive into fintech’s role in the hospitality sector. There was a consensus that fintech is often misunderstood or mislabeled. It’s not just about payments or financial services; it’s about the integration of finance and technology to streamline and secure financial transactions. Discussions highlighted the diverse interpretations of fintech, from processing payments to big banks as platforms, and the need to adapt to consumer preferences in payment methods. 

The roundtable participants saw fintech as both a challenge and an opportunity. The need to support various payment methods is vital for catering to customer preferences, but it also presents internal operational challenges. There is a pull between embracing technologies and ensuring they align with existing processes. 

  • Rate Parity and Distribution Dynamics 

 A significant portion of the discussion revolved around rate parity and its implications in different global regions. The complexity of pricing and its impact on distribution strategies was a concern, especially in the context of metasearch engines and online travel agencies (OTAs). The dialogue underscored the need for more strategic control over distribution and pricing, as well as the potential benefits and risks of a parity-free environment. 

  • Collaboration and Problem-Solving 

The roundtable participants emphasized the importance of industry collaboration in addressing shared challenges. There was a call for vendors to collaborate more closely with hoteliers, as well as hoteliers to work together to tackle issues like fraudulent behavior and the complexities of rate parity. The discussion highlighted the need for collective action and shared solutions. 

Thank you to Greg Duff, Foster Garvey, for facilitating the Roundtable, the Global Distribution Advisory Board for planning it, and the active participants from the following companies:  

  • Accor Hotels
  • Aimbridge Hospitality
  • Cote Family Companies
  • IHG
  • Marriott International
  • MGM Resorts International
  • Montage International
  • Omni Hotels & Resorts
  • Rosewood Hotels & Resorts 

HSMAI hosts this unique by-invitation only forum annually for distribution executives. If you are interested in being invited next year, please email Bob Gilbert.   

 

5 Tips for Recruiting, Developing, and Retaining Talent in Revenue Optimization

Jennifer Hill, Vice President – Commercial Strategy, Kalibri Labs, HSMAI Revenue Optimization Advisory Board Member  

It goes without saying that we’ve had a lot of change over the last several years – some as a direct result of the pandemic and post-pandemic era, and some changes have been unrelated, like the surge of AI tools over the last year and the marked generational shift. 

The global hospitality market is expected to reach $5,816.66 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.5%. This indicates a robust and expanding industry, which could be attractive to professionals considering a career in hospitality sales, revenue, and marketing. Why does it seem so hard?  

I wanted to talk with the HSMAI Revenue Optimization Advisory Board about how this issue challenges our industry in terms of talent identification, recruitment, and retention. Here are the five takeaways from our conversation including what is keeping us up at night and our reflections from the readings shared at the end of this article.  

1. Compensation  

A key hurdle in attracting top talent is offering competitive compensation. We are grappling with how to benchmark salaries effectively, considering the delicate balance between profitability and attractive pay. Tools like wage research, pay transparency laws, and internal adjustments based on exit interviews are becoming increasingly utilized. Moreover, a concerning trend has emerged: talented individuals are leaving hospitality for industries like banking, enticed by better pay and more sociable hours. This shift calls for a reevaluation of compensation strategies within our sector. 

2. Professional Development and Employee Engagement 

Professional development opportunities are critical in not just attracting, but also retaining talent. Innovative programs, such as the JI to H1B initiative and HSMAI certifications, are making significant impacts. By investing in comprehensive development plans and creating cross-functional teams, hotels are not only enhancing skill sets but also fostering loyalty and reducing turnover. This holistic approach to employee engagement is proving instrumental in building a strong and healthy workforce. 

3. Marketing the Discipline 

Attracting talent to revenue optimization roles requires a creative marketing approach. Emphasizing the dynamic, multifaceted nature of the hospitality industry can make these roles more appealing. The focus should be on the excitement and diversity of the industry, showcasing opportunities beyond traditional service roles. 

4. Retention Strategies and Performance Incentives 

Retention is as crucial as recruitment. Performance-based incentives, though effective, pose challenges, especially when they create significant year-on-year salary discrepancies. Flexibility in work arrangements and acknowledging the impact of economic conditions on compensation expectations are emerging as key factors in retaining talent. This adaptability, combined with a variety of experiences in different roles, can help maintain employee interest and commitment. 

5. The Role of Leadership in Talent Development 

Effective leadership is paramount in supporting and driving employee engagement and retention. Developing managerial skills that focus on nurturing talent, fostering a positive work environment, and recognizing individual contributions can significantly impact employee satisfaction and loyalty. 

Recommended Reading:  

Discussion for your team:  

  1. Do you know about AHLA’s efforts at promoting The Hotel Industry as a career?  
  2. Competitive Compensation vs. Industry Standards: Considering that competitive compensation is crucial for attracting talent in commercial roles, how can hotels and hotel companies benchmark their packages against industry standards while maintaining profitability?
  3. Professional Development and Employee Engagement: How can hotels and hotel companies effectively integrate professional development opportunities to not only attract but also retain talent in commercial roles, keeping in mind the dynamic and competitive nature of the hospitality industry?
  4. Recruitment and Skill Development: Given the significant talent gap created by the pandemic, especially in crucial roles like marketing, sales, and revenue management, what innovative recruitment strategies can hotels and hotel companies employ to attract skilled professionals? Additionally, how can hotels rapidly develop the skills of new recruits to align them with the evolving market demands?
  5. Retention Strategies in the Post-Pandemic Era: Considering the altered job expectations and work conditions post-pandemic, what are some effective strategies that hotels and hotel companies can implement to retain quality talent? How can they balance offering competitive compensation with creating a positive work environment that includes mental health support and work-life balance initiatives?
  6. How can we market the business better to prospective employees?

Too Many Hats, Too Little Time: Productivity Reimagined with AI Personas – An excerpt

Michael J. Goldrich, Founder & Chief Advisor, Vivander Advisors LLC, HSMAI Marketing Advisory Board Member, HSMAI Foundation Board Member 

I’d like to share an excerpt of my book Too Many Hats, Too Little Time: Productivity Reimagined with AI Personas. 

This chapter uncovers the innovative marketing strategies devised by an AI persona acting as the CMO. You’ll see how this AI-driven approach navigates challenges and opens up new opportunities for business growth. 

TransformInn’s AI-created CMO persona, Jennifer, is a virtual professional designed to blend creativity with analytical skills. Programmed with the expertise drawn from two decades of marketing know-how and insights from top-tier universities, Jennifer serves as a striking example of how AI can personify a company’s ethos. She’s built to adapt to a range of business settings, from hotel marketing to technology startups. This adaptability makes Jennifer an invaluable asset to TransformInn’s marketing endeavors. In this chapter, you’ll explore how Jennifer uses her programmed skills to create cutting-edge marketing strategies. 

TransformInn’s chief founder is keen to integrate Jennifer’s capabilities into the company’s marketing blueprint. Together, they engage in a detailed conversation to pinpoint the key elements of TransformInn’s marketing approach. Topics covered include everything from identifying the target customer base to laying out digital marketing techniques and ways to measure ROI. Their collaborative effort aims to produce a marketing plan capable of both elevating brand awareness and driving revenue growth. 

What unfolds isn’t just a hypothetical exchange. It’s an authentic simulation of a strategy session, one that captures the dialogue you’d expect in boardroom conversations. Our interaction is not merely planning; it’s a mission to shape TransformInn’s future. We have a front-row seat to this intricate process, providing a glimpse into how AI personas like Jennifer can contribute to complex decision-making. 

You’ll gain a well-rounded understanding of how an AI persona in a CMO role can be a game-changer. You’ll also learn about the symbiotic relationship between human leadership and AI in executing a successful marketing strategy. Whether you’re an aspiring entrepreneur or a seasoned business owner, this chapter provides a step-by-step guide for anyone looking to integrate AI-driven strategies into their marketing efforts. 

* HSMAI does not endorse any product service, discussion, opinions or other information presented or referred to in this article.