STATE COLLEGE, Pa. – Officers of the Hospitality Asset Managers Affiliation (“HAMA”) in the present day introduced that the 4th yr college students Emma Carlson and Kara Sales space of The Pennsylvania State College had been chosen because the 2022 winners of the Seventeenth Annual HAMA Pupil Case Competitors. The PSU staff was chosen from a choose discipline of prime lodge faculties. Pupil groups researched and ready a case research from an inventory of matters that at the moment impression the lodge trade, together with:
- Inflation and the rising price of labor and uncooked supplies
- Labor challenges as a consequence of COVID
- Return of the company consumer
- B-Leisure – What’s it and the way does it impression our trade?
- Are high-end resorts a greater funding or prolonged keep/restricted service portfolios?
- Evaluate and distinction conventional lodging merchandise vs. “various” merchandise (Airbnb, and so forth.) within the post-covid world
Carlson and Sales space offered on the “After Results of COVID-19: Labor Challenges,” clearly one of many largest points the hospitality trade has confronted prior to now a number of many years. The group was mentored by Professor and Director John W. O’Neill, MAI, ISHC, Ph.D., of The Pennsylvania State College’s Hospitality Actual Property Technique Group.
Runners-up from Pennsylvania State College included Lauren Sommers and Spencer Berkowitz addressing and evaluating the relative strengths and weaknesses of varied phase varieties, whereas Thomas Ryan and Donald Loebsack researched the advantages of good applied sciences to a lodge’s working mannequin.
What began as a possibility to get youthful adults and soon-to-be-professionals concerned in lodge asset administration actually has grown into some of the refined scholar competitions in your complete trade. With the advantage of their advisors and entry to data beforehand remarkable for earlier generations, the up-and-comers are bringing new and refreshing views to age-old points which have plagued accommodations and hoteliers for years. With younger adults like these to cleared the path, I really feel very assured our trade is in the most effective of fingers. Adam Tegge, HAMA Schooling Committee Chair
Working with a HAMA member and their respective college professors, scholar contributors had been required to offer a multi-part presentation, full with analysis paper and accompanying PowerPoint, over the course of two periods that included preliminary and revised findings.
The successful staff acquired $5,000, plus an all-expense-paid journey to HAMA’s Spring Assembly in San Francisco this April to satisfy and community with a few of the trade’s main lodge asset managers. Along with the award presentation, the two-day occasion additionally hosts a number of informational periods and group conferences to debate the newest trade tendencies and share greatest practices.
About HAMA
HAMA members are concerned in asset administration, acquisition, financing and disposition of accommodations and resorts and are immediately chargeable for making selections regarding capital investments, renovations, asset repositioning, operational insurance policies and administration choice. Its U.S. members characterize greater than 3,500 accommodations and resorts throughout each main model, accounting for 775,000 lodge rooms, 250,000 workers, $40 billion in annual income and $3 billion in capital expenditures. The group boasts a further 245 worldwide affiliate members, as nicely.
Chris Daly
+1 703 435 6293
HAMA
