LOS ANGELES—If there were any disrupters at the kick-off of ALIS 2016 here in Los Angeles on Monday, it was most likely the sight of veteran executives Laurence Geller in lederhosen, Tom Corcoran in his favorite frilly frock and Michael Murphy in a jaunty Alpine chapeau, all belting out the conference theme “Where’s the Peak?” in a style worthy of the von Trapp family.
The trio and other participants ushered in the Americas Lodging Investment Conference in the Microsoft Theater at L.A. Live in front of some 3,000 attendees, a record number for the event according to Jim Burba, president of BHN, which hosts the event along with AH&LA.
The enthusiastic performance riffed off the relative ease of developing, financing, opening and operating a hotel in 2015—a robust scenario expected to replay itself again this year, if at a slightly slower pace.
The initial takeaway at the conference’s first blush is the industry, now in its seventh year of expansion, will not downslide from any peak this year, although lenders and Wall Street will likely skew less enthusiastic.—Stefani C. O’Connor
Takeaway Tweets from the ALIS Conference:
Follow @HotelBusiness and the hashtag #ALISConference on Twitter to get updates and join the conversation.
Customers will always value interactions with our people no matter how robotic or automated we get @ChoiceHotels Joyce #ALISConference
Economist Todd Buchholtz: Foreign tourists are not really attracted to the gateway cities with the value of the dollar #ALISConference
Hotels can form partnerships with consumer companies of lifestyle brands i.e. Starbucks, @ChoiceHotels Joyce #ALISConference
Will robots replace hotel workers? Will Airbnb take over? Are we dinosaurs waiting for a meteor? @ChoiceHotels Joyce asks #ALISConference
Investors are asking about value, that’s what it’s about, JLL’s Arthur Adler #ALISConference
Debt has been a regulator in terms of growth of supply, Mark Woodworth #ALISConference