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ESLA's Extended Stay Hotel Success: Masterful Lodging Industry Insights
Manage episode 436976740 series 3560444
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The ultimate guide to extended stay with Glenn McFarland, VP at Choice Hotels’ Extended Stay brand, and co-host Matt McElhare, VP and Segment Lead at Choice Hotels International.
We’re digging into the unique opportunities within the extended stay segment, sharing valuable lessons from industry pioneer the late Jack DeBoer, and discussing how to achieve success in this growing market.
Whether you're a seasoned hotel investor or new to the space, this episode offers essential advice on maximizing returns, understanding guest needs, and maintaining operational discipline.
Learn:
• The importance of understanding the extended stay segment, with insights from industry icon Jack DeBoer.
• The significance of maintaining operational discipline and avoiding unnecessary costs.
• Real-life examples of how extended stay hotels can make a difference in guests’ lives.
• The role of professional management companies to ensure property success.
• Strategies for investors determining the right type of extended stay product for different markets.
• The importance of focusing on what guests need, not what investors think they want.
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