HospitalityMD

HospitalityMD
HospitalityMD

Welcome to HospitalityMD, where Hospitality is Everyone's Business! Join podcast host Kyle Allison each week to hear inspiring stories of hospitality in action from people at all levels of hotels & hospitality. This is the hospitality podcast where you can LEARN and be INSPIRED. It is our pleasure to serve you. Support this podcast: https://podcasters.spotify.com/pod/show/hospitalitymd/support

  1. 12/28/2022

    Lessons from the Hotel Industry: Franchise Ownership and Management Keynote Speech College of Dupage

    Welcome back to HospitalityMD. Kyle was invited back the speak to students in the hospitality program at the College of Dupage in Illinois. Here he speaks about lessons learned in the hotel industry regarding Franchise Ownership and Management.   Kyle talks about a recent experience at a hotel.  Kyle mentions Dylan, the hotel manager, and praises his abilities.  Kyle recommends getting involved with the hotel, as it is a great learning opportunity.  Kyle discusses their first experience speaking at the college and how they want to elevate their current talk.  Kyle explains that a hotel is a real estate asset with owners and a management company. The management company is responsible for running the hotel and is paid a percentage of the hotel's revenues. The management company is also incentivized based on the hotel's profits.  Kyle discusses the difference between a franchise and a chain hotel. In a franchise, the hotel owner pays a fee and receives support and branding from the franchise company. The franchise company has no ownership in the hotel, but benefits from its success. In a chain hotel, the company owns all the hotels and the management company works for the company.  Kyle discusses the benefits of a franchise for the hotel owner, including support and a recognizable brand. Kyle also discusses the benefits of a franchise for the franchise company, including profits from the hotel's success.  Kyle encourages the audience to think about what type of hotel ownership and management model would be best for them.  Kyle concludes by reiterating the importance of doing a good job in order to attract repeat customers and positive word-of-mouth.   Be sure to check out our live show, the PM Shift on Tuesday and Thursdays on YouTube and LinkedIn --- Support this podcast: https://podcasters.spotify.com/pod/show/hospitalitymd/support

    1h 41m
4.8
out of 5
54 Ratings

About

Welcome to HospitalityMD, where Hospitality is Everyone's Business! Join podcast host Kyle Allison each week to hear inspiring stories of hospitality in action from people at all levels of hotels & hospitality. This is the hospitality podcast where you can LEARN and be INSPIRED. It is our pleasure to serve you. Support this podcast: https://podcasters.spotify.com/pod/show/hospitalitymd/support

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes, and get the latest updates.

Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada