The relationship between hospitality companies and online travel agencies (OTAs) has widely fluctuated over the past two decades. The industry’s responses to the threat of OTAs have thus far had limited impact. This article explores a more drastic solution: vertical integration. When OTAs emerged in the late 90’s, many hospitality companies held a positive outlook… Continue Reading Frenemies: Is Vertical Integration the Answer to OTAs?
The annual Cornell Real Estate Conference has always featured a premier lineup of speakers, from the engaging Panel Discussions to the accomplished Keynote Speakers. For the 2016 Conference, Cornell is proud to announce that J. Allen Smith (B.S.’80, M.P.S.’86), CEO of Four Seasons Hotels and Resorts, will be featured as one of three Keynote Speakers. … Continue Reading J. Allen Smith, Keynote Speaker at the 34th Annual Cornell Real Estate Conference
After Offer From Anbang-Led Group Puts Marriott-Starwood Deal In Jeopardy, Marriott Answers Right Back Takeover battles capture the imagination of Wall Street and the investing public. The relative rarity of their occurrence in the Real Estate and Hospitality sector only adds to the intrigue when they happen. This most recently happened earlier this year with… Continue Reading Marriott vs. Anbang: Takeover Battle For Starwood Is Reaching Historic Proportions
The Cornell Baker Program in Real Estate cordially welcomes Paul Macpherson, Executive Vice President of Global Business and Real Estate Development of Kerzner International to the weekly Distinguished Speaker Series. With over two decades of hospitality development experience, Macpherson brings a unique and significant skill set to the exclusive discussion. Macpherson began his post with Kerzner International 12… Continue Reading Paul Macpherson of Kerzner International Visits the Baker Program