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151 – 5 Key Takeaways from the 2024 Hospitality Show

151 – 5 Key Takeaways from the 2024 Hospitality Show

Suite Spot

with Travel Media Group and Ryan Embree,
In this special episode, Suite Spot Host, Ryan Embree covers 5 key takeaways from the 2024 The Hospitality Show that took place in San Antonio, Texas.  The industry event was one-of-a-kind and featured incredible panelists, vendors, guest speakers, interviews, and much more from the hospitality industry. Tune in now to get the latest details from the event and why you should be excited for next year! Episode Transcript Our podcast is produced as an audio resource. Transcripts are generated using speech recognition software and human editing and may contain errors. Before republishing quotes, we ask that you reference the audio. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what's trending in hotel marketing. I'm your host, Ryan Embree. Hello everyone. Ryan Embree here with the Suite Spot. Thank you so much for joining me today. Today is episode 151. Just want a moment to recognize 151 episodes. Wanna thank our audience, uh, for being with us, uh, whether this is your first episode or 151, thank you so much for all the support and we are so excited to bring you another incredible episode. This, as you can see from the title The Hospitality Show, are five key takeaways. We just returned from San Antonio. In fact, again, just like last year's takeaway episode, I haven't even had the opportunity to do my laundry to get in my normal Travel Media Group attire. So, I was just so wanting to get these takeaways to you from the episode. First off, an absolutely incredible event. The Hospitality Show, this is the second annual one put on. The first one was last year. Inaugural show was last year in Las Vegas. This in San Antonio. Want to thank the city of San Antonio for hosting to our A HLA Questex. They put on an incredible show to all the sponsors. If you have not already looked into or are thinking about attending the hospitality show, it is a must attend event. So many interviews, so many insights, content. They had some incredible keynotes, guest speakers, so many cool activities. And of course, hospitality. You have to be able to throw a party and host people, right? And they absolutely nailed it in San Antonio, celebrating Dia de DEOs. Just did a fantastic job. So let's get into some of these takeaways that I got, and it's gonna start with one of the most prevalent topics and patterns, ai, in fact, in these top five takeaways, two of my key takeaways have to do with ai. The first is, from a hotelier's perspective, seems to be this just battle right now of where AI is best utilized with our industry. And there's this push and pull, whether it's for efficiency, reducing costs, which we know right now is really, really hurting a lot of hotels across the nation, whether it's rising construction costs, operational costs, staffing and wages continue to grow, uh, and get more costly. So is it for efficiency that it's best use? Or is it to drive revenue? Right? Top line revenue. And, and there was kind of this, this little just debate of, of what is AI best used for right now? And, uh, you know, there was a, a incredible panel on ai. There were several of them, but the one I had the pleasure, uh, there was one guest speaker who kind of talked through the stages of AI and where we are and actually broke it down into three stages. And we're on the precipice of, of the third right now. So go through the first one, which was predictive, right? That's your chat, GPT just kind of giving us maybe, hey, write me an email answering sort of questions for you. Uh, and then we kind of slowly moved into this co-pilot. You know, you see a lot of these big companies kind of roll out this co-pilot that was really supposed to do actions for you. And now the panelists has had kind of challenged that were into this third, which is assistive and, uh, autonomous and agent kind of stage of ai where this would be kind of the human touch mix with ai. And I think he's,
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