Where Smart Hospitality Companies Are Investing in 2023
Skift Take
Key Points
- Highgate is focusing on acquiring more properties in the luxury and lifestyle segment.
- The company uses advanced revenue management to increase average daily rates and ROI in luxury hotels.
- Highgate is exploring the blending of hotel and short-term rental spaces, responding to new types of demand.
Summary
In a Skift Travel Podcast episode, Ankur Randev, chief commercial officer of Highgate, discusses the current hospitality investment climate with Skift senior research analyst Pranavi Agarwal. They explore topics such as uncertain lending and investing activity, the luxury segment, advanced revenue management capabilities, and Highgate’s European expansion and complex investments. The conversation also delves into the blending of the hotel and short-term rental spaces and the new demand arising from this trend.
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In this episode of the Skift Travel Podcast, Ankur Randev, chief commercial officer of Highgate, discusses the current hospitality investment climate with Skift senior research analyst Pranavi Agarwal.
The conversation covers topics such as the uncertain lending and investing activity, the luxury segment, advanced revenue management capabilities, and Highgate’s European expansion and investment in complex investments. They also discuss the blending of the hotel and short-term rental space, and the new type of demand that is arising from it.
- Randev discusses Highgate’s interest in the luxury and lifestyle segment and how the company plans to acquire more properties in this space.
- He explains Highgate’s advanced revenue management capabilities and how it has helped increase average daily rates and return on investments in luxury hotels.
- Randev talks about the blending of hotel and short-term rental spaces and the new type of demand that is arising from it, which Highgate is also exploring.
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Photo Credit: An illustration of a hotel under construction. Midjourney / Skift
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