Hotel CEO Pay and Performance
In his annual review of CEO compensation in the U.S. lodging sector, Aethos Consulting Group™ CEO Keith Kefgen shares candid insights as a result of his most recent assessment.
Read moreHospitality Leadership Series – Future Leaders: Seeking Advice and Applying the Right Filter
Most industry leaders have established relationships with a mentor or a very select group of personal advisors for whom they can call upon for thoughts, advice, or direction as it relates to their career. Aethos™ has often highlighted the importance of such ‘personal boards of advisors’. For new entrants to the industry, though, it is often difficult to know who to choose as a mentor or role model. It is no surprise, then, that during last year’s “Young Hoteliers Summit”, which annually gathers more than 200 students from hospitality universities in over 20 countries, this issue was raised the most in the one-on-one discussions.
Read moreBoosting Your Career in 2020: Advice for Up-And-Coming Hospitality Players
What does the future leader look like? In a business environment growing more complex and ambiguous almost by the minute, leaders will need skills that allow them to navigate quickly and well across multiple information and decision-making streams. As a general rule of thumb, here are some 'top tips':
Read moreWomen in C-suite: Navigating Invisible Obstacles
In 2013, some colleagues and I published a research study in the Cornell Hospitality Quarterly concerning the lack of advancement of women into the C-Suite in the hospitality industry. Our work was borne out of a curiosity about the reported career obstacles that modern female executives faced. In the present era of “Me Too,” it seems appropriate to revisit that research to shine a light again upon the issues that might hold women back, as well as to re-examine the ways business leaders can help women to navigate those obstacles successfully.
Read moreIndustry Experts Share Organisational Advice For 2020: Tackling Talent And Leadership Challenges Head-On
We are approaching year end and organisations will have set their strategies for 2020. In the travel and tourism sector, chances are that executives and senior leaders will have spent a significant amount of time talking about talent, or the lack therefore. The cruise sector, in particular, is facing an unprecedented challenge – to deliver on the set goals and expansion plans knowing that, at present, they do not have near enough staff to execute against the growth strategy
Read moreCEO Pay in the Shrinking Casino Industry
In this our thirteenth annual study of gaming industry pay, we evaluated the performance of 32 public gaming companies in determining whether a CEO deserved his or her pay. The Aethos™ pay-for-performance model compares significant financial metrics such as company size (market cap), stock appreciation (rise in stock price over 3 years), EBITDA growth (over 3 years), and total direct compensation (combination of salary, bonus, LTIP & other). Our findings are illustrated below.
Read moreThe New Restaurant CIO
Today’s restaurant industry is extremely competitive. More than ever, brands rely on technology to capture market share while, at the same time, speak to their multigenerational customer base. How to best navigate these waters falls on the company’s Chief Information Officer (CIO). Gone are the days when the CIO focused solely on internal infrastructure. Today’s CIO must be focused on customer-facing technologies, e-commerce, social media tech, cybersecurity… all while upgrading legacy POS, inventory, and labour management systems. With this shift in focus comes a shift in strategy when identifying a restaurant brand technology leader for the future.
Read moreTechnology, Hotel Alternatives And Growth Top The Discussions At Expo Real 2019
Most industry executives recognised that a cooling down of the market is inevitable. Yet, amidst a search of a ‘safe haven’ – fuelled to some extent by perceived uncertainty created by, for example, political inertia and/or drastic changed in policy making in certain parts of the world – Central Europe and, in particular, Germany are continuing to thrive. Here, the strong investor appetite coupled with the favourable interest rates have propped-up prices and somewhat ‘masked’ the turbulent times at hand. So, despite executives on the buy-side complaining about prices being too high to allow for the right returns, and irrespective of the economic and political ‘clouds’, the lodging sector appears to retain its optimism – at least for now.
Read moreAn App For This, An App For That – Travel Edition
When traveling these days, it’s not so much about planning where you might be going, but about the experience getting there. There are new apps to help you along the way with fun, time-saving features. Without listing the “usually suspects,” here are a few new apps that might pique your interest and even start a dialogue:
Read moreCalling For More Clout For Tech and Digital Leaders In Hospitality
Findings published by the Harvard Business Review, built on research by the McKinsey Global Institute (MGI), put the hospitality industry at the bottom of 22 surveyed sectors as it relates to ‘digital advancement’. This last spot is shared with, among others, the mining industry. This is not good news for the hospitality sector – and its executives are aware of it.
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