In short
Business Wars Podcast – Episode Summary: Best of Business Wars Daily | Room Service | 6
Podcast Overview
- Title: Business Wars
- Description: Explores the competitive dynamics within various industries, detailing the fierce battles between leading companies, their strategies, and the impact on consumers.
- Host: David Brown
- Produced by: Wondery
Episode Overview
- Episode Title: Best of Business Wars Daily | Room Service | 6
- Description: An analysis of the hotel industry during a booming summer travel season, featuring insights into the impact of the "Taylor Swift effect" and competition with rental companies like Airbnb.
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Key Themes and Discussions
Surging Travel Industry
- Travel Boom: Post-pandemic vacations are finally happening, leading to crowded airports and tourist spots.
- Hotel Price Increases:
- Average price of European hotels has risen by 37% from last year, with popular cities like Rome seeing a 63% increase.
- Discussion on whether this trend will lead Americans to stay closer to home next year.
Guest Speakers
- Sean O'Neill: Senior hospitality editor at Skift, providing insights into the travel industry.
- Liz Barrett: Comedian sharing humorous perspectives on travel experiences.
Insights from Sean O'Neill
- Hotel Pricing Strategy: Hotels are charging higher rates due to increased demand, but business travelers remain less frequent compared to pre-pandemic times.
- Taylor Swift Effect: Taylor Swift's concert tours have significantly boosted hotel revenues in cities she visits, highlighting the intersection of entertainment and hospitality.
Changing Hotel Landscapes
- Operational Challenges:
- Many hotels have cut services like daily housekeeping due to staffing issues.
- Travelers report lower satisfaction compared to 2019, reflecting challenges in property upkeep and service quality.
Guest Experiences
- Unique Hotel Stays: Discussion of favorite hotels; Liz prefers ones with maid service, while Sean reminisces about innovative hotel designs.
- Customer Preferences:
- Cleanliness, price, and amenities are critical factors for travelers.
- The move towards pet-friendly hotels reflects changing consumer needs.
Competition with Airbnb
- Ad Campaigns: Hilton has launched ads targeting frustrations with Airbnb, emphasizing the reliability and service of hotels.
- Consumer Shifts: Increased dissatisfaction with the chores and fees associated with Airbnb rentals may lead more travelers back to traditional hotels.
Future Trends
- Hospitality Industry Changes:
- The hotel industry is adapting to increased competition from alternative lodging options.
- Innovations like tech-driven amenities and pet-friendly offerings are becoming more common.
Conclusion
- Industry Outlook: Despite a resurgence in travel, challenges remain for hotels, particularly in maintaining service quality and managing operational costs. The rivalry with Airbnb continues to evolve, presenting both challenges and opportunities.
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Key Takeaways
- Rising Hotel Prices: Reflective of increased travel demand post-pandemic.
- The "Taylor Swift Effect": Influencing hotel revenue spikes in cities with concerts.
- Consumer Preferences: Shifts towards pet-friendly accommodations and a preference for reliability and cleanliness.
- Ongoing Competition: Hotels and Airbnb continue to vie for consumer loyalty, shaping the future of the hospitality landscape.
Final Note Tune in next time for the upcoming series on Hilton vs. Marriott to explore further developments in the hospitality sector.
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Produced by: Wondery Host: David Brown
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:04Pack your bags, y 'all, because summer travel is in full swing, and by all accounts, it is booming this year. Vacations that were delayed by the pandemic and then delayed again are finally happening. Maybe you've seen the surge yourself while waiting in airport lines or surrounded by a crush of people at major tourist spots. Or you felt the hit to your wallet when making those hotel reservations. Americans are flocking to Europe this summer, and the price of hotels there has jumped, according to the travel agency Hopper. The average price of a European hotel is up 37 percent from last year, Hopper reports.
0:38And in some of the most popular cities, like Rome, that jump is up to 63%. So does all that, the hassle, the expense, point to Americans staying closer to home next year? Or has the hotel industry come roaring back? Here to talk about all that and a whole lot more, journalist Sean O 'Neill and comedian Liz Barrett. Stick around for the best of Business Wars Daily.
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3:20From Wondery, I'm David Brown, And this is the best of Business Wars Daily, where we talk about trends, controversies and how they affect you, the consumer. And joining us today, Sean O 'Neill and Liz Barrett. Liz, you're based in New York City, right? Yeah, I certainly am. I think Time Out New York described your comedy as dark, batty stand-up. What do you take away from dark and batty? Well, my humor can be very dark and it's a little out there. People never know where I'm going to come down on a topic, and it's not usually where you think I'm going to lead to. Yeah, I understand you just released a new full-length comedy special called Getting By.
4:02Could you tell us more about the special? Yes, SiriusXM has an exclusive on it, and then it'll be open to the public on August 11th, and you can get it anywhere you get your comedy. What are you just getting by? getting by is my philosophy where uh a lot of people are trying to be perfect there's oprah there's gwyneth and i'm like you don't have to be perfect sometimes my philosophy is sometimes just enough is good enough for instance there you know there's my you know today i tried to wear a shirt and i had to figure out how many cheese stains on it uh were too many before i couldn't wear it.
4:42What did you come to? I decided three was okay, four is too many. Well, you have much higher standards than me, I must say. Sean, you're the senior hospitality editor at Skift. Tell us about that and how you got into this area. Sure. Skift is the most read news site focusing on the business of travel, the travel industry, and the future of travel. Wow. And I am far from perfect too. I have two ketchup stains in my shirt. So I think I'm in good company here. I've been a full-time reporter since college. And in my 20s, I really loved traveling on a budget, did a lot of couch surfing. And I've been lucky enough in the past six years to be with Skift, which really gets into the, you know, what goes on behind the scenes, how travel gets made.
5:31And it's a little like a soap opera, a wondery podcast series. You know, you start getting interested, who's going to merge with whom, who's metaphorically sleeping with whom, how does it all get done. So I'm enjoying my time at Skiff. So you developed this approach when you were in college, hopping from one hotel to the next, huh? Gee, who would have thought something like that would have happened, Sean? Absolutely. And I think one of my favorite parts of the job is getting to see some of the innovations ahead of time before they go in front of everyone else. Marriott, for example, has this hotel in Bethesda where if you check in as a guest, it turns out they have a couple of rooms off to the side that are their test rooms, their prototypes for future designs.
6:15And so they'll say, you know, in exchange for filling out a survey, we'll make it worth your while if you stay in these. And I've gotten as a reporter to see some of these future designs so that I enjoy that kind of thing. Nice. Now, you know, talking about future, I have to turn back to the past because I know that I'm sort of a fan of great vintage hotels. And I know that there's one in Richmond, the Jefferson, I believe, that I'm particularly fond of. Do either of you all have a favorite hotel? Liz, do you have a favorite hotel? Oh, gosh. I mean, I have aspirations of staying at certain hotels.
6:51hotels, but I like a hotel where the maid service comes anymore. That seems to be a treat. Oh, yeah. Well, that's a rarity. Any hotel with maid service. Sean, what about you? You have a favorite hotel? I love the Empress, which is in Asbury Park. It's sort of like a fun, old-timey kind of motel right on the sea. It's kind of fun. Oh, that sounds lovely. Well, now we started off this episode talking about the hospitality industry, hotel short-term rentals, everything in between. And for the past few years, that industry has been on something of a redemption tour. Sean, let's talk about these numbers.
7:32How's the hotel landscape actually looking this summer? Well, hotel owners have never dared to charge such high rates as they're doing right now. And vacationers are actually paying these sky-high rates in the most popular destinations. You mentioned some of the cities where you're seeing this. Another phenomenon is the Taylor Swift phenomenon. Every place where she is touring is seeing hotels sort of like pop. Even the Federal Reserve, when they were doing a report recently, they quoted that in Philadelphia, May was the strongest month for hotel revenues in a few years because of the T-Swift factor.
8:08Taylor Swift. That's unbelievable. That's unbelievable. Is there anything Taylor Swift can't do? Yeah. Save the hotel industry, perhaps. The one complicating factor is if you run a business hotel, this hasn't been a great summer for you because the business travelers aren't back the way they used to be. Or if you're in some places like San Francisco is a city that is really struggling and sort of falling out of favor with some tourists. So the irony is like the national average price right now is in the U.S. for hotels is about the same as was in 2019. but no one actually ever pays the national average.
8:44You pay whatever is in your local market. And some people are really paying through the nose. You know, and you're paying through the nose for what? A lot of places have done away with, as Liz was pointing out, daily housekeeping unless guests requested. And, you know, and this obviously has to do with staffing issues. Liz, did you notice any other changes? You seem to be more picky. That's what my husband says. I we were just in Vegas and we stayed at the Flamingo and also at MGM. They have some like weird condos in the back behind the hotel. That's sort of like a quasi hotel. But at one point they woke me up at like 830 a.m.
9:24and changed the lock on the door, which I would think that would be something you'd wait to do when the room was being turned over. yeah isn't this hospitality isn't that uh you know you want to be able to get in i would think but so did i did did did uh maintenance get the wrong message they thought you were leaving early or what happened to you no they were doing it for the whole floor it was very weird it was very odd so i feel like there's a lot of like you're lucky to even stay here attitude going up. I don't understand. Why were they changing the locks for the entire floor? Was it maintenance or did they ever give you an explanation?
10:08No, the guy wasn't too communicative, but then I had to get new cards too. It was very odd. I've never stayed in a hotel where that was going on when you were staying there. Yeah, that is very odd. Sean, where do you see hotels going right now? And I guess they're having to, a lot of them are having to skimp to save. Yeah, a lot are skimping. Yeah, I'm sorry to hear that you had that experience, Liz. There is data on this. So if you look at all the hotel reviews that are out there, and there's a company called ReviewPro that scans all the ones in all the various sites, you'll see that the average hotel review score is lower now than it was in 2019, even though all of us are happy to be back out there, able to travel again.
10:51And I think that speaks to a lot of the hotels haven't been keeping up with property upkeep. Maybe they fell behind during the pandemic when they're struggling or they're understaffed or they're taking travelers for granted. What is the number one thing that you look for when you're staying at a hotel? Wait, put a pin in that. We're going to be back with more of the best of Business Wars daily, talking with journalist Sean O 'Neill and comedian Liz Barrett. Stay with us.
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13:25Hey, welcome back to the best of Business Wars Daily. We're talking with journalist Sean O 'Neill and comedian Liz Barrett. Let's talk about what it is that you look for first in a hotel. Room size, perhaps? Number of beds? Smoking versus non-smoking? Liz, where do you come down? What is your number one go-to when you're looking for a hotel? Well, price. Unless I'm going really on vacation or for fancy, then price not so much. I like non-smoking. And you can't tell until you get there, but cleanliness. But in the reviews, you can kind of tell beforehand, too. You know, I was reading something recently, Liz, about how attitudes have changed about places to stay.
14:13Back in the 50s and 60s, it used to be a lot of people who are going to stay. to be that hotels would try to have these soaring staircases, even if they went nowhere, right, just to sort of look opulent, you know, and I guess it's part of the whole, you know, velvet wallpaper kind of thing. But variations on that theme of being sort of resort-like were a big part of hotels, certainly in the latter part of the 20th century. What marks hotels today? I mean, especially given that there's so much competition in the Airbnb space, you know, with these sort of app-based rental programs, I guess, like Airbnb.
14:53What makes a good hotel? When you go there, Liz, what makes you think, huh, now that's a hotel? Well, I went once to St. Croix to stay at the Buccaneer. It was a famous hotel, like, in the 70s. And, like, Elizabeth Taylor would go. You know, it seemed better days. But I like that because there was like some nostalgia to the whole thing. But I also like modern, like carpet kind of freaks me out in a hotel, to be honest. So I like a modern flair, too. So I think, you know, and amenities and restaurants and spas are also helpful, I feel like, depending on what you're looking for. When you say carpet, that reminds me about pets.
15:35Let's talk about pets for just a second. great if you're working from home. Not so easy to take them on vacation, or at least that used to be the case. Now there's a growing number of pet-friendly hotels. Let's hear a little bit more about the race to win over dog and cat lovers with a clip from Business Wars Daily. Marriott is one of the hotel companies making a play for pet owners. The company's brands include W, Westin, and Renaissance Inns, among others. And the company's exclusive homes and villas by Marriott Bonvoy site, A premium home rental platform now offers pet-friendly properties. In November, the platform teamed up with Petco to highlight pet-friendly rentals and provide curated pet products like toys, beds, and other items shipped to the home for customers in advance of their stay.
16:22Pet owners can also get handy checklists and pet wellness information through the Homes and Villas site. Competitor Hilton is also serious about pets. Eighty-five percent of the hotel's U.S. properties are pet-friendly. The company has even aired television spots to share the good news with pet owners, including one with Paris Hilton. Hilton has also expanded its relationship with Mars Pet Care, a pet products and services company, the New York Times reports. Hilton guests at brands like Hilton Garden Inns, Embassy Suites, Homewood Suites, and others have access to free virtual support for their questions about pet health and behavior.
17:00And different Hilton brands have their own pet-friendly offerings. Stay at certain Canopy brand hotels, and your furry friend will get a cushy dog bed, water bowl, and a goodie bag with toys and treats. At certain Hilton properties, the amenities get a bit posher, Condé Nast reports. The Foundry, a Hilton property in Asheville, North Carolina, offers a paparazzi adventure package, which includes a one-hour photography session, a guided hike, and a swag bag complete with non-alcoholic dog beer, and a voucher for a free dog bath at a nearby pet groomer. Hilton's Baker's K Resort in Key Largo allows dogs to get in on all the fun, swimming in the water, walking on the beach, and even using dedicated dog tikis.
17:43They can drink and dine with their human travel companions and even enjoy a yappy hour with special drinks just for your pup. A dog day indeed. Sean, are we sure we're talking about motels still, or is this a dog park? What exactly, I mean, do you have pets? I don't have pets myself. I have trouble keeping my plants alive. But many of the hotel companies like Hilton have really been trying to become more friendly. And I've known for years friends who have pets, like one set of friends, you know, in California, they always need to go to Idaho for sort of like an annual trip to see family. And they would plan the entire itinerary around, you know, where are hotels that they actually can have for their dog.
18:28And so it is a very good thing that this is becoming more available. Liz, what about you? You have pets? I do have a pet. I have a cat who doesn't travel and a dog, Flapjack, and she's 12 pounds. So she's easily packable. However, when I go away... I'm sorry, something about the packing up of dogs just makes me laugh. But okay, all right. So she's like a glorified cat. Don't tell her this. But I still like when I go on vacation not to go with the dog. Don't tell her this because I like not walking the dog and and it kind of frees you up to do anything you want to do. It's vacation. Yes, yes. So I'm not into taking my dog on vacation with me, to be honest.
19:18Would there be something, though, that if a hotel offered it, you'd be like, yeah, that's enough to take Fido with me? I kind of like the bar idea. What's it called? The puppy? It's not the yappy hour, is it? I like the yappy hour. The yappy hour, yeah. Yeah, it could just be the name. But, you know, if I was having cocktails and she could have something in her water, I think that would be okay. Yeah, but at the same time, Sean, paparazzi adventure tour, dedicated dog tiki's. Yeah, with dog beer, dog tiki's. Well, is this a whole lot of who about nothing? I mean, or maybe this is Jump the Shark?
20:01I don't know, Sean. I don't know. You know, I mean, we're in an era where people are putting their dogs in strollers, you know. And, you know, we used to talk about emotional support animals, but every animal is an emotional support animal now. Everyone takes their pet. I see them in the hardware store. I do see them every time I go to a hotel, people with pets. So it's definitely, I think we've changed and the pandemic intensified sort of like our affection for pets. And so when you have a travel-sized pet like Flapjack, you know, I mean, why not hit the road? Well, you know, I will say this.
20:37We have had to check dogs at kennels recently, and this is for traveling in 2023, and it was exceedingly expensive, more expensive than the outrageous prices that they were. And this is reflecting – I mean, this is part of inflation. This is what's happening, you know, across our economy. me. But I'm wondering if maybe something more practical, like a kind of a basic kennel, I mean, I get yappy hours fun and all, but a basic kennel service, something like that that could actually help folks with their bottom line. Seems like to me, Liz, would that help? That would be interesting. Although my dog hates other dogs, so it wouldn't really work on flapjack.
21:20that. She's not a social dog. Anti-social dog, okay. Well, she likes my attention. That's about it. Sean, do you think that this is giving hotels an edge over Airbnb? Because I know a lot of homeowners don't like to have just random animals in and they'll screen for that. Yeah, I think it is. You know, Skiff Research, we have a research division. We did a survey of about a thousand travelers earlier this year and they were comparing when you're choosing between a hotel versus a short-term rental? What are your considerations? And reliability was the thing that made hotels appealing. And in this case, the reliability that you know when you show up, Flapjack is going to have a place to stay.
22:00So that is, I definitely think it gives them a potential advantage. A potential advantage. Is it working? So I talked with Hilton's chief of brands and they, who was sort of like helped lead their decision to really try to make Hilton's brands much more pet friendly. And they said it's turned out to be one of the best decisions they've made in the past few years. But I don't have hard data other than that. We're talking about hotels and what they're doing to lure customers. You're listening to the best of Business Wars daily, and we're going to have a whole lot more just ahead. Stay with us.
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24:15Hey, welcome back. We're talking with journalist Sean O 'Neill and comedian Liz Barrett for the Best of Business Wars Daily. We've touched on the rivalry between hotels and Airbnb, but it recently got even more heated. This past fall, Airbnb faced a wave of criticism after the Wall Street Journal published an article that shared guests' frustration with having to do a long list of chores and pay a cleaning fee on top. Hilton decided to capitalize on that frustration with a clever ad campaign. Let's hear a bit more about that with a clip from Business Wars Daily. One ad features a family unpacking in a haunted house with a long list of rules scrawled on the wall and marker, which honestly looks a lot like blood.
24:56Huh, they look different online. Geez. Wow, that's a lot of rolls. Now, to be fair, the campaign also takes aim at shoddy roadside motels. But the dagger at Airbnb, and Verbo for that matter, is clear and sharp. And the sentiment shared by disgruntled Airbnb customers could mean the needle is shifting ever so slightly in hotels' favor. After all, as the journal reported, long chore lists and increasing fees are causing some would-be Airbnb guests to just, you know, check into the local hotel. Alas, the battle between home-sharing giants and established hotel chains is ongoing, and there's no end in sight.
25:40But a couple of cheeky ads and a long, long list of chores could be swaying things. Liz, have you ever been slammed with a list of chores staying at an Airbnb? Oh, sometimes you're checking to an Airbnb and it's like you have to stay covert. They give you a note like nobody should know you're here. You know, go walk very quietly throughout the house. Clean up, you know, the closet. It's a little messy. I mean, the chores never end. And then don't get me started on the fees because whatever the Airbnb costs, the cleaning fee is like astronomical. You know, yeah, this is supposed to be a getaway.
Read the full transcript
26:23I mean, not just more of the same of what you are going to get back home. You know, make sure that the trash is brought out at such and such a time on such and such a day. And you got to keep up with that. Sean, what do you think? I mean, is this actually hurting Airbnb, the way that some of these rental owners are treating their guests? um it became a the management began to really get the message that it was hurting them and so they have made some changes to try to make it much more uh transparent uh in how uh that the total price is reflected is going to much more often show the uh housekeeping fees so it's less of a bait and switch surprise and i've personally had that experience of you know just staying at an Airbnb a year ago when this last happened, it was just one night and the cleaning fees were the same price as the actually just staying for the night.
27:18So, which is kind of crazy. So, yeah, I think it is going to help like the Hiltons of the world. I talked to Hilton about its campaign because I had to do it for a story. It was a very major initiative by them. And as you pointed out, David, in that segment, you know, it wasn't just, you know, them versus Airbnb. They were touting their own brand as part of it. But they said 11 % more consumers were considering Hilton, according to surveys, and 17 % more consumers were searching online using the name Hilton when searching for hotels. So they feel like it really translated into some success. That's a little surprising to me.
27:58Well, certainly the strategy was because, well, Hilton was so explicitly talking about alternative vacation rentals. And I think that it's, well, it seems like the hotel and motel industry have not wanted to acknowledge that competition quite as openly as they seem to be doing in this ad. Do you know what I'm saying, Sean? I do. And one reason why it was Hilton and not the other companies is Hilton's one of the only ones not to have any vacation rentals or short-term rentals in its portfolio. Marriott, for example, has a vacation rentals division and the others tend to have some. So they were able to sort of do it with like, we're completely out of it.
28:39But also Hilton is disproportionately business travelers and business travelers tend to want much more of the reliability still. They're concerned when they show up, will the Wi-Fi be good? Can they get their work done? Is there going to be a distracting dog in the background, et cetera? Yeah. Now, I know some people, Liz, who don't stay in hotels anymore. I mean, and primarily we're talking about vacation travelers. Would that be you too, Liz, or will you stay at a hotel? I like a hotel. Do you? I do. Now tell me, maybe there are some companies listening right now who could get some tips from why it is that you prefer a hotel.
29:20What would you say those reasons are? Well, I think an Airbnb is good if you are somewhere for a month. Let's say you're going to Paris for a month and you want to stay at an Airbnb to make your own coffee in the morning and not have to go out every night. I get that. But for a regular vacation, you're on vacation. You want someone to come in and clean your room. uh i don't you know these i just saw a bunch of ads today for airbnbs where you like hang out with the host i i want anonymity i i like the hotel where you don't speak to people just like that's my vacation yeah yeah i totally get that i totally get that so i'm very pro uh you know i never like bed and breakfast which is sort of it's pretty much the same concept you know give or take because then you had to talk to the host and they wanted to know when you were coming home.
30:13And I'm like, I'm out. I'm out. I'm out. I don't need friends. Too much information. Too much information. Sean, do you have a preference? Do you do the Airbnb approach or are you more hotel motel? So on my most recent vacation last month, I did half in a hotel and half in a, it was a vacation rental, not from Airbnb. And, you know, they each have pros and cons for sure. I do. One interesting detail, I think, is that Airbnb help increases the supply of options. You know, if you're in an area where there's not very many hotels and Airbnb said earlier this year that they out of all their inventory, the most popular inventory is the most affordable ones and they don't have enough affordable inventory to meet all the demand.
31:02So there is definitely I think in that kind of that's another situation adding to the the ones that Liz recommends. I think it really works well. So, I mean, if you buy extrapolation, the bottom line could long term be affected and continue to be sort of pushed down by Airbnbs and these alternative rentals, do you think? Or is everything moving on up? What do you what do you what do you see, Sean? So hotel supply, according to all the surveys, is getting tighter and tighter, I think. And so Airbnb, on the other hand, is helping to add sort of supply. And so you want to have, if you're a traveler, you want to have more supply because then you have the prices.
31:41They can't keep the prices as high. On the other hand, for the hoteliers, they worry about the rise of Airbnb. Liz, do you think that the transparency that Sean was talking about earlier is enough? That if you know that, OK, it's an all-in pricing tool, you can see the total price of a booking, not going to have any surprises at the end of the process. might that make these sort of alternative stays a little bit more attractive to you? I think it'll help. And I think some people it really is appealing for. I think, you know, for young people, I think it skews young to old, too. I think younger people are much more into the Airbnb.
32:19And I find like older people are much more like I like clean sheets and towels, you know type of thing. Sean you you mentioned earlier Hilton's captured the business traveler market how did they do that and and what seems to give them an edge over say Marriott or other brands? Oh well I you know Marriott will definitely say that it can hold its own and attracting business travels but I would say that reliability as you say is like a very key thing you know it's a location, location, location business. If you want to be able, if you're coming into town for a day to do meetings, so to speak, you want to be in a place that's central.
33:00You want to be able to invite your clients over to an atmosphere like you were talking about earlier. So what makes sort of like a grand sort of experience of the right kind of vibe that you're trying to set? So I think there's a lot of, they also are very good. A lot of corporations, they're able to it's a wonky thing but if you're if you're a major company like google for example and you're sending travelers out in the field to to meet with people you can cut a deal with the big giant companies you can't do that with thousands of little uh short-term rental operators so there's there's there's small details there oh what sean where do you see this industry uh going i mean are we talking about this sort of mixed model for the foreseeable future of you know brick and mortar hotels and motels that are linked to chains most often and the alternative rentals sort of coexisting?
33:57Or do you see there being a winner out of all of this? I think there's going to be a professionalization of the short-term rental space. So you're going to get little brands that are in little apartments. So we might take, you know, if you want, maybe we would call it Liz's Closet would be like a new hip, new boutique rental brand in New York. And everyone, instead of staying in like a generic box of a hotel in Times Square, why don't we all go over to Liz's, you know, closet boutique hotel? And you get maybe say it's more space, you get this, you know, there's cute pictures of flapjack on the wall, it feels like you're living like a local, and there's going to be a certain group of people who are going to like that as an alternative.
34:37And so I think, but they're going to want reliability. So it's what's going to blend is it's going to be some professional company that goes in. They're always going to have, you know, the sheets are going to be changed every day. You know, I stayed at one of these in Rome on a trip about a year ago, and it was like staying in a hotel, but you were in this apartment building. There was only eight units. Oh, interesting. You know, little building. Interesting. Now, I think that if anyone stayed in New York recently, certainly in a more cost conscious hotel, I think that they've already adopted the Liz's Closet model because I didn't see any, I saw no furniture in my most recent hotel stay.
35:15It literally had like a little desk that was built into the wall. The bed was kind of jammed like a, like a, sort of like a mattress, sort of jammed stylishly into a corner as if it was supposed to be like a little playroom or something. I'm not sure, but there was no, you know, real furniture in the room. It was very, compact, everything super minimalistic. Liz, have you noticed this hyper minimalism at hotels kicking in? Yes. And we went to London a while ago and the hotel was very, I mean, it was great for what it was, but it was sort of like a Japanese model. Like it was, even for a New Yorker, it was like teeny tiny.
35:50And it was just like, you walk here, here's a table. You walk here, here's the bathroom. There's the, well, visually this isn't working on a podcast, but anyway, it's just, I don't know why. But it's a very like closet environment, which is great if you're traveling and you're out all the time. But I travel a lot and I had to go to like Pennsylvania. And basically the choices were hotels that were really expensive or rooms in houses that look like serial killers were going to get you. So it was very hard decision. It was just a very hard decision. Let me ask one other quick question as we wrap things up.
36:32It used to be that vacations were a kind of fixed annual sort of ritual for a lot of families. And part of the fun was just pulling up outside of the Holiday Inn, you know, back once upon a time. I get that that's sort of a kid's thing. But fast forward to today, is there as much adventure or fun going to a hotel as there used to be as much sort of that sort of the bigness of the event? I wonder if we've all sort of become inured to just, well, it's just a place to crash for a few hours. Liz, you have any thoughts on this? I think that's totally true. I think it loses its specialness over time.
37:14So maybe that's why people are attracted to the Airbnb, because it can be more unique in a lot of ways sometimes. Sean, where's the event of hotels these days? Have we lost a little bit of that or no? I think we've lost a little bit of that. Instead of asking people, where did you go on vacation? You can ask, where did you go to stare at your screens for a week? You know, I think a lot of times we take our devices with us and we don't really truly disconnect and really see what's going on around us. But I also think that there is there is there's so much watching Instagram envy and TikTok envy and stuff.
37:52And a lot of times people go to sort of recreate. They're so busy trying to recreate something they saw something somebody else do rather than just sort of like having their own experience and seeing what it is. And so it's a little bit of a social thing. But I certainly, every time I go to a hotel, I always appreciate someone else is going to have to clean the sheets for me and not have to do it myself. Yeah, absolutely. Sean, where can we find you? Where can listeners find you online? Yeah, the site is Skift, S-K-I-F-T. And on social media? I'm on Twitter at Sean, S-E-A-N underscore O 'Neill, O-N-E-I-L-L.
38:29and I've seen Liz's show last October. I was visiting friends in New York and by chance I was at the New York Comedy Store and I'm recognizing her here. So I just encourage everyone to go see her. She's really great. Oh, Liz, that's wonderful. Yeah. Tell us where people can listen to your new comedy special once again. It's going to be debuting on Sirius. Did I understand that correctly? Yes, it's debuting on Sirius and then August 11th, it'll be available for sale. I think it's going to be$9.99. It's 30 minutes. You don't have to invest a lot And there's a lot of hard-hitting material like my hatred of hummus.
39:01So just try it out. And Liz, where can folks find you online? You can find me on Twitter, Facebook, Instagram, and even TikTok at Liz Comedy. Comedian Liz Barrett, journalist Sean O 'Neill, thank you both so much for joining us on the Best of Business Awards Daily. Sure. Thank you. The entire hospitality industry took on record losses during the pandemic that were at the time projected to last years for obvious reasons. But after three years of hardships, there's light at the end of the tunnel for the hotel motel industry. According to a report by the American Hotel and Lodging Association, by year's end, demand is expected to be at pre-pandemic levels.
39:44But that is far from the end of the story. While room night demand is projected to surpass 2019, that's a metric that they use in the industry, room night demand, the projected revenue, some$197.5 million, is not adjusted for inflation or for other real-world drags on the business, like staffing, which continues to lag, or the rising price of just doing business. Airbnbs and other app-based home-sharing type arrangements continue to disrupt the hotel business, and those putting up their homes for rent tend to be less sensitive to broader economic headwinds, as individual landlords are primarily trying to offset fixed costs like mortgages without the staffing, maintenance, or supply demands that hotel chains regularly deal with.
40:29Some fear that that could widen the price gap for travelers with choices about where to stay, exacerbating the troubles hotels and motels have been facing. And then there's always shifting customer expectations. In the past, catering to the business and management traveler was job one for many big city hoteliers. But as more people try to make their dollars go further by mixing business and leisure, bleasure, as they say in the industry, hotel chains have had to make accommodations by being more pet friendly and offering more amenities for kids. And then there's the constant threat of being considered too old school.
41:04And we're not just talking about the wallpaper here either. Having something like a landline phone in your room isn't just an obsolete technology for reaching anyone except the front desk. It also fairly screams outdated, something the entire industry worries a lot about. Some places are experimenting with interactivity. You know, walls of information to start one's day and connectivity that can personalize that kind of content. What sustainability and environmentally conscious planning were to the industry pre-COVID, technology promises to be in the future. a prime focus, a theme designed to appeal to younger travelers, and underscore that hotels and motels are here to stay.
41:44One of the most important and compelling chapters in the evolution of the hospitality industry is the focus of something special that we're getting ready for you. Make sure to join us for Hilton versus Marriott in our next series on Business Wars.
42:06From Wondery, this is the best of Business Wars Daily. I'm your host, David Brown. Karen Lowe is our senior producer and editor, produced by Emily Frost and Jessica Halstead. Audio assistance from Kyle Randall. Sound design by Sergio Enriquez. Our producer is Dave Schilling. Our senior managing producer is Ryan Lohr. And our managing producer is Matt Gant. Our executive producers are Jenny Lauer-Beckman and Marshall Louis for Wondery.
42:39In the fall of 1620, a battered merchant ship called the Mayflower set sail across the Atlantic. It carried 102 men, women, and children, risking it all to start again in the New World. Hi, I'm Lindsey Graham, the host of American History Tellers. Every week we take you through the moments that shaped America, and in our latest season, we explore the untold story of the Pilgrims, one that goes far beyond the familiar tale of the first Thanksgiving. After landing at Cape Cod, the Pilgrims forged an unlikely alliance with the Wappanag people who helped the Pilgrims survive the most brutal winter they'd ever known, laying the foundation for a powerful national myth.
43:15But behind that story lies another, one of conflict, betrayal, and brutal violence against the very people who helped the Pilgrims survive. Follow American History Tellers on the Wondery app or wherever you get your podcasts. You can binge all episodes of American History Tellers The Mayflower early and ad-free right now on Wondery+.
From the publisher
We'll take a look at the hotel industry landscape this summer, including the "Taylor Swift effect," and the amped up fight against rental companies like AirBnB. Travel industry journalist Sean O'Neill and comedian Liz Barrett join us for this journey.
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