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Archive for the 'Bannerot Insider' Category

Travel to and within the United States grew 2.2 percent year over year in October, according to the U.S. Travel Association’s latest Travel Trends Index

WASHINGTON, D.C. — Travel to and within the United States grew 2.2 percent year over year in October, according to the U.S. Travel Association’s latest Travel Trends Index (TTI). Domestic business travel declined 1.6 percent and underperformed its six-month trend (0.8 percent). U.S. Travel economists note that historically, business travel declines in advance of leisure [...]

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CFO Retirements Climb as Good Times Roll On

CFOs are retiring at the fastest pace in at least a decade—a generational changing of the guard that experts put down to factors including the increasing complexity of the role and the booming stock market. Many CFOs leaving the role are simply reaching retirement age. Others point to new pressure from expanding job descriptions, which [...]

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New search — Xanterra Travel Collection Chief Information Officer

We are under way with a Chief Information Officer search on behalf of Xanterra Travel Collection.  Reporting to the CEO, the CIO will lead the strategic I/T transformation for the company, from technology architecture and business systems to guest experience. XTC, owned by The Anschutz Corporation, is a growing group of travel and leisure businesses [...]

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ALIS Presentations: What to Expect in 2019 & Beyond?

ALIS panelists share their analysis of industry metrics and predictions for 2019. Cindy Estis Green, CEO and Co-Founder, Kalibri Labs Vail S. Ross, SVP, STR Mark Woodworth, Senior Managing Director, CBRE Hotels Mark Wynne Smith, Global CEO – Hotels, JLL https://www.alisconference.com/Program/ALIS2019EPFD

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How should you respond to my call?

Just a quick thought prompted by recent interactions. If I leave a message or email asking for your help with a search please assume it’s just that. A request for help. I’m not suggesting you are qualified or implying that you should be interested in the role. I AM assuming that, based on your professional [...]

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Lodging Conference – September 24-27

We look forward to reconnecting with friends and colleagues at the Arizona Biltmore during the Lodging Conference.

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Relocations – Fewer People Willing to Move for a Job

According to the Wall Street Journal, fewer U.S. workers are moving around the country to seek new job opportunities, as changing family ties and more openings near home make people less willing to uproot their lives for work. About 3.5 million people relocated for a new job last year, according to U.S. census data, a [...]

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Four Tips For Onboarding A New Executive

An excellent post by H&S’s Renee Neri on on-boarding. Here’s a portion: The uncomfortable truth about executive transitions is that they often fail. Change, after all, is hard, and the degree of change involved in a transition can be considerable. A useful rule of thumb to calculate the amount of change that a transition will [...]

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Hotel Company Growth – Focus On Luxury

Discussion at recent conferences highlights underinvestment in the luxury sector since the downturn. Large brands have been buying midsize players in the luxury segment leaving open the opportunity for new and smaller entrants to the sector.

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Baby-Boomer Retirements Reshaping The Lodging Industry

The lodging industry continues to feel the impact of demographics with C-Suite retirements. Prominent changes occurred in 2017 including Choice’s Steve Joyce being succeeded by Pat Pacious and Omni’s Mike Deitemeyer moving into Jim Abrahamson’s chair at Interstate. As 2018 begins there are almost a dozen CEO or President searches ongoing as long time leaders [...]

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In early 2013, we engaged Larry Mendez at Bannerot Partners to conduct a search for a chief operating officer for our company, Supertel Hospitality – a publicly traded REIT located in Omaha, Nebraska. I was familiar with Larry through his work in the hotel industry, and our Board of Directors endorsed the assignment. Larry was incredibly thorough, communicative, and effective throughout the process. In the end, we hired a very qualified candidate that fit our culture perfectly.
Mr. Kelly Walters, CEOSupertel Hospitality
I’ve always found him to be the consummate professional. He works very hard to understand the client’s need and has an expansive network which allows him to execute against the strategy.  Larry is ethical beyond reproach and understands how to gently nudge the process forward and across the finish line.
Bill Upshaw, President Lodging and Residential, TPI Hospitality
“I highly recommend Larry Mendez and Bannerot Partners. In the search work that Larry did for us, he was able to identify high caliber candidates in a relatively short time span. We were pleased with the professionalism of the process and the final outcome. “
Bob Joyce, EVP Human Resources, Extended Stay America