1 / 12

A Brief History of the Hotel Industry

A Brief History of the Hotel Industry. Cyclical History of Early Hotel Industry. Roman Empire (30 BC - 400 A.D). Medieval (500 - 1300). Renaissance (1300 - 1600). Dark Ages (400 - 500 ). History of Early Hotel Industry. Code of Hammurabi (1800 BC)

Patman
Download Presentation

A Brief History of the Hotel Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A Brief History of the Hotel Industry

  2. Cyclical History of Early Hotel Industry Roman Empire (30 BC - 400 A.D) Medieval (500 - 1300) Renaissance (1300 - 1600) Dark Ages (400 - 500 )

  3. History of Early Hotel Industry • Code of Hammurabi (1800 BC) • Roman Empire - Religious & Military Travel • Dark Ages - Fall of Roman Empire • Medieval - Churches • Renaissance - Henry VIII abolished monasteries, Innkeeping flourished

  4. Growth (1960 - 1970) Golden Age (1920’s) Motel Age (1950’s) WW I (1910’s) Recovery (1990’s) WW II (1940’s) Recession (1980’s) Early America (1600 - 1920) Depression (1930’s) Cyclical History of Hotels in America

  5. History of American Hotels 1634 - First Inn - “Coles Ordinary” - Boston, MA 1794 - First Hotel - “City Hotel” - New York City Innovations: • The Tremont House (1829) • The Country Club (1882) • Buffalo Statler (1908)

  6. Innovators & Leaders Fred Harvey (1876) • Harvey House Hotels Ellsworth M. Statler (1908) • Father of American Hotel Industry Conrad Hilton (1919) • Banker’s Mentality Kemmons Wilson (1952) • Holiday Inns

  7. History of American Hotels 1920’s - Golden Age of Hotels • Unprecedented Building and Occupancy 1930’s - Great Depression • 85% of hotels in receivership or liquidation 1940’s - World War II • No materials for expansion; 93% occupancy

  8. History of American Hotels 1950’s - Growth of Motel Chains Reasons for increased travel after WW II: 1. Pent-up Demand 2. Transportation Improvements • Interstate Highway Act of 1956 3. Desire to Travel 4. Two-income Family 1960’s - Growth of Hotel Chains • Hyatt, Howard Johnsons, Marriott

  9. History of American Hotels 1970’s - Growth of Franchising • Market Segmentation 1980’s - Prosperity & Recession • Product Segmentation & Over Expansion 1990’s - Recovery • Expanding Markets 2000 - New Opportunities

  10. Cyclical History of Las Vegas Howard Hughes (1967) Mega-Resorts (1990’s) Flamingo (1946) Glitter Gulch (1931 - 1946) The Mob (1940’s - 1970’s) Corporate Control (1980’s) Wide Open Gambling Act (1931)

  11. Las Vegas History 1931 - Wide Open Gambling Act 1941 - El Rancho Vegas • Jim Cashman & Tommy Hull 1946 - Fabulous Flamingo • Bugsy Siegel 1967 - Howard Hughes 1980’s - Corporate Control • MGM, Hilton, Mirage 1990’s - Mega-Resorts

  12. Leaders in Las Vegas Bugsy Segal – Flamingo • Dangerous, ruthless, wild, psychopathic Benny Binion – Horseshoe • Loud, coarse, rude • “Even in a dean of thieves & murderers, he lacked class” Steve Wynn – Mirage • Erupts in anger & verbally accosts subordinates • “Thousand watt smile that oozes charm”

More Related