Presentation is loading. Please wait.

Presentation is loading. Please wait.

The STR SHARE Center and the

Similar presentations

Presentation on theme: "The STR SHARE Center and the"— Presentation transcript:

1 The STR SHARE Center and the
“Certification in Hotel Industry Analytics” EuroCHRIE, 2013 ANGELL Academy, Freiburg, Germany Steve Hood Sr VP of Research, STR Founding Director of the SHARE Center , ext 3315

2 The STR SHARE Center “SHARE” stands for “Supporting Hotel-related Academic Research and Education” The SHARE Center is a global partnership between ICHRIE (the International Council on Hospitality, Restaurant, and Institutional Education) and STR The mission: Provide thorough and timely data for academic research Provide comprehensive and relevant training materials for the classroom

3 STR (Smith Travel Research)
The recognized leader in hotel research, STR provides a benchmarking service to the industry. STR obtains performance data from over 70% of US hotels and 50% of WW hotels, including 95% of chain hotels and most significant independent hotels. STR provides monthly, weekly, and daily STAR Reports to nearly 50K hotels. STR maintains a Census database of over 150,000 hotels throughout the world.

4 Benchmarking 101: my hotel vs. the competition
Which manager gets the bonus (in a “vacuum” and then with comp set data)? This demonstrates how STR serves the hotel industry.

5 Who does STR serve? Hotel Companies and Hotels (most GM’s bonuses related) Convention & Visitor Bureaus, Tourism and travel organiza- tions, Hotel associations (AHLA, US Travel, Germany, Swiss, Austria) Developers, Consultants, Appraisers (all use STR data) Wall Street, Accounting, Financial firms (all hotel-related orgs) Media (Wall St Journal, USA Today, Financial Times, London Times) International hotel conferences (presentations) Hotel vendors (HBO, Starbucks, Google, Expedia, LodgeNet, Sealy) Governments (US: GSA, FEMA, Commerce, BLS, NPS; Australia) Academia (universities, professors, students)

6 Brief History of STR 1985 – founded, started collecting hotel census data 1987 – started collecting monthly performance data 1992 – started collecting Canada, Mexico, and Caribbean data 1997 – started collecting worldwide performance data 1999 – started collecting daily performance data 2001 – started collecting segmentation (group/transient) data 2003 – started collecting pipeline data 2008 – launched STR Global (offices in London, Milan, Singapore, Beijing, Guangzhou, Tokyo, Dubai, Sydney, Jakarta, Mumbai) also launched (free news service) 2009 – launched STR Analytics, RRC, and Hotel Data Conference 2011 – launched the SHARE Center

7 There are now 190 member universities from 30 countries around the world
United States Ivy Tech Community College San Francisco State Univ Univ of South Carolina – Beaufort HR Academy (KRS) Arizona State Univ James Madison Univ San Jose State Univ Univ of South Florida Inst of Tourism & Hotel of Quebec (CAN) Atlantic Cape Community College Johnson & Wales – Charlotte South Dakota State Univ Univ of Tennessee Auburn Univ Johnson & Wales – Denver Southern Methodist Univ Univ of Texas Intl Hochschule Bad Honnef (GER) Ball State Univ Johnson & Wales – North Miami Southern Oregon Univ Univ of Washington KonKuk Univ (KRS) Baruch College Johnson & Wales – Providence Southern Utah Univ Univ of West Florida KTH Royal Inst of Technology (SWE) Berry College Kansas State Univ Southwest Minnesota State Univ Univ of Wyoming Kyung Hee Univ (KRS) Black Hills State Univ Kendall College SUNY Delhi Virginia State Univ Leiden Univ (NTH) Boston Univ Kent State Univ SUNY Plattsburgh Virginia Tech Univ Lincoln Univ (NZL) Bradley Univ LaGuardia Community College Temple Univ Washington State Univ Meio Univ (JPN) Brevard College Lake Michigan College Texas A&M Univ West Virginia Univ MODUL Univ Vienna (AST) California State Polytechnic Univ Lasell College Texas Tech Univ Western Carolina Univ National Kaohsiung Univ (TRC) California State Univ – East Bay Longwood Univ Univ of Akron Western Illinois Univ National Univ of Singapore (SNG) California Univ of Pennsylvania Lynn Univ Univ of Alabama Western Kentucky Univ Niagara College (CAN) Central Connecticut State Univ Massachusetts Institute of Technology Univ of Arkansas Widener Univ Oxford Brookes Univ (UKM) Cheyney Univ of Pennsylvania Univ of Central Florida William and Mary Univ Ozyegin Univ (TUR) Clemson Univ Metropolitan State Univ Denver Univ of Colorado Yale Univ Prince of Songkla Univ (THA) Colgate Univ Miami Dade College Univ of Delaware York College of Pennsylvania Ryerson Univ (CAN) College Of Charleston Michigan State Univ Univ of Denver Youngstown State Univ Schweizerische Hotelfachschule Luzern (SWI) Colorado State Univ Mississippi State Univ Univ of Florida Global Columbia Univ Missouri State Univ Univ of Hawaii Algonquin College (CAN) Selkirk Univ (CAN) Cornell Univ Mt Hood Community College Univ of Houston Beijing Hospitality Inst (CNA) Sheffield Hallam Univ (UKM) Dakota County Technical College New Mexico State Univ Univ of Kentucky Cavite State Univ (PHL) Stenden Univ (NTH) Delaware State Univ New York Univ Univ of Maryland Eastern Shore Cesar Ritz Univ (SWI) Sun Yat-Sen Univ (CNA) DePaul Univ Niagara Univ Univ of Massachusetts - Amherst Chinese Univ of Hong Kong (CNA) Swiss Inst of Management (SWI) East Carolina Univ North Dakota State Univ Univ of Memphis Conestoga College (CAN) UNISA (AUS) Eastern Michigan Univ Northern Arizona Univ Univ of Miami Dublin Inst of Technology (IRE) Univ of Amsterdam (NTH) Fairleigh Dickinson Univ Northern Illinois Univ Univ of Minnesota Dusit Thani College (THA) Univ of Croatia (CRO) Ferris State Univ Northampton Community College Univ of Mississippi Ecole Hoteliere Lausanne (SWI) Univ of Deusto (SPA) Florida Atlantic Univ Northwestern Univ Univ of Missouri Ecole Polytechnique (FRA) Univ of Guelph (CAN) Florida Gulf Coast Univ NYIT School of Mgmt Univ of Missouri – Kansas City Emirates Academy (UAE) Univ of Macau (CNA) Florida International Univ Ohio State Univ Univ of Nevada – Las Vegas ESHotel Paris (FRA) Univ of Nevada Las Vegas (SNG) Florida State Univ Oklahoma State Univ Univ of New Hampshire Essec Business School (FRA) Univ of Rijeka (CRO) George Washington Univ Old Dominion Univ Univ of New Orleans Estonian School of Hotel & Tourism (EST) Univ of Southern Queensland (AUS) Georgetown Univ Pennsylvania State Univ Univ of North Carolina - Greensboro Georgia State Univ Pepperdine Univ Glion Inst of Higher Education (SWI) Univ of Surrey (UKM) Grand Valley State Univ Portland State Univ Univ of North Texas Univ Panamericana (MEX) Harvard Univ Purdue Univ Univ of Pennsylvania Griffith Univ (AUS) Univ San Ignacio De Loyola (PER) Hocking College Purdue Univ – Calumet Univ of Pittsburgh Haaga-Helia Uas (FIN) Univ do Algarve (POR) Howard Community College Purdue Univ – Fort Wayne Univ of Pittsburgh – Bradford Harbin Inst of Technology (CNA) Vancouver Island Univ (CAN) Husson Univ Richard Stockton College of NJ Univ of San Diego Hazara Univ (PAK) Victoria Univ (AUS) Iowa State Univ Roosevelt Univ Univ of San Francisco Hong Kong Polytechnic Univ (CNA) Yeditepe Univ (TUR) San Diego State Univ Univ of South Carolina Hotelschool The Hague (NTH)

8 Schools Involved Members include leading hotel & tourism schools such as Cornell, EHL (Ecole Hoteliere Lausanne), Hong Kong Poly, and the Emirates Academy. They also include smaller schools such as Western Kentucky University, Atlantic Cape Community College, and Dakota County Technical College. Member universities also include Columbia, Georgetown, Harvard, Yale, MIT, and Northwestern Universities. Some of these schools do not have hospitality programs, but do have Real Estate departments. There are close to 70 non-US schools and that number is growing rapidly.

9 What’s included in a SHARE Center membership?

10 Hotel Related Data Hotel Performance (Occupancy, ADR, RevPAR) data
Hotel Profit & Loss (accounting) data Hotel Pipeline & Supply data Hotel Census data Hotel Company information Property & Room Counts Forecast reports Hotel Sales Transaction data User-defined Destination reports Ad-hoc Industry data files for research

11 Hotel Performance Data (Trend Report)
Performance data includes Occupancy, Average Daily Rate, RevPAR, Supply, Demand, and Revenue Several different types: Monthly, Daily, Weekday/Weekend, Running 12-month, and Group/Transient Historic data back to 1987 for any area of the world You can select a geographic area (city, county), a type of hotel (luxury, resort), or even select specific individual hotels Provided in Excel file with raw data, easy to work with “Trend Report” is the most popular report for professors

12 Sample Trend Report - Classic Monthly data page
Track changes in the key performance indicators for a group of hotels over time. Graph metrics or raw data. Compare multiple markets. Lots of uses.

13 Sample Trend Report - Daily Raw Data Page
Lots of different types of performance data. Daily data allows you to study special events and conduct impact analyses. You can select whatever group of hotels you need. (There are some rules.) Trend report displays the average of all the hotels that you select.

14 Hotel Pipeline and Supply Data
Includes “Historic Supply” data, what hotels have opened in the last 5 years, as well as conversion activity Includes future “Pipeline” information – hotels under construction and in various phases of planning Also detailed data on existing hotels and pipeline projects You can select a geographic area (city, state, country) anywhere in the world Professors can use for feasibility/development studies, supply analyses, market studies, or to help with forecasting

15 Sample Pipeline Report – Supply Summary
Shows types of hotels opened in the last 5 years and in the next couple of years

16 Sample Pipeline Report – Scale and Brand Summary
Pipeline Reports include detailed data by Scale and brands, changes to existing supply (conversions, opens/closes, adds/drops) and details on existing hotels and Pipeline projects

17 Hotel Profit and Loss Data
Annual P&L accounting information: revenues, expenses, profits, payroll, cost of goods sold, fixed charges, GOP, … Historic data back to 1990 for many areas of the world You can select a geographic area (city, country), a type of hotel (luxury, resort), or even select specific individual hotels Provided in Excel file with raw data, easy to work with Accounting professors can demonstrate P&L data for live hotels (average only), study actual results over time, compare P&L information for different types of hotels

18 Sample HOST (Hotel Operating Stats) Report

19 Sample HOST (Hotel Operating Stats) Report continued

20 Destination Data/Report
Ongoing hotel performance data (Occupancy, ADR, …) You can select destinations (areas) of interest, such as cities or groups of hotels around your campus, or any other geographic areas around the world Weekly and/or monthly reports will be ed to you with updates on the hotel performance in these areas Tourism and lodging operations professors can track performance of user-defined groups of hotels, observe how special events affect metrics, and teach forecasting

21 Sample Destination Report – Multi-Segment page
Destination Reports are used by CVBs, tourism organizations and hotel associations. Professors can use them to demonstrate tourism-related research. You can also select groups of hotels, cities, or countries and track performance.

22 Hotel Sales Transaction Data
Detailed information on hotel sales back to 2000 You can select a geographic area or specific transactions Hotel Census Data Attribute information on hotels any where in the world Over 100 fields of data including categorizations, features, amenities, history, meeting space info, latitude/longitude Professors can use hotel census data for market analyses or competitor studies

23 Hotel Company Information Property and Room Counts
Chains, parent companies, management companies, owners, and asset mgmt companies - stats, financial info, coverage Property and Room Counts Size and structure information by various subtotal fields for groups of hotels around the world, great for market studies Forecast Data Projected performance information for markets around the world, detailed estimates for all metrics, great to introduce hotel-related forecasting

24 Ad-Hoc Industry Data Files Reference Information
Files can provide large volume of raw performance data for professor’s or student’s research projects. You can pick cities, countries, or groups of hotels. Reference Information Chains and Scales – which chains in which scales Parent Companies and Brands – which chains in which parent comps Markets and Tracts Additional geographic and non-geographic breakdowns Maps

25 Access to Articles/Presentations
is a free electronic news service focused on global industry performance, recent conferences, latest developments, and hot topics 3 years of articles available with search capability, great for preliminary research Industry Publications US schools receive US Monthly and Weekly Hotel Review Non-US schools receive a Global Review (Americas, Europe, Asia Pacific, or Mideast Africa) and Country Reports Helps professors and students keep up on hot topics & current events, stay connected to industry

26 In addition to data - Research Related Support
Collaboration assistance for professors Special data requests for professors doing research Help merging/correlating third party data (with STR performance data) Regular SHARE newsletter for professors Educator forums, connecting industry with academia Webinars for faculty or students Speaker support for Deans, Directors and Department Heads (We can make you look like “you have your finger on the pulse of the hotel industry”.)

27 Training Programs such as:
Hotel Industry Analytical Foundations Who are the players, affiliations, size and structure, categorization basics, benchmarking in the hotel industry, competitive sets, creating, changing, rules, stats, additional Hotel Math Fundamentals, the metrics used by the Hotel Industry Foundational metrics, definitions, formulas (sup, dem, rev, occ, ADR, RevPAR, % changes, multi-year, index, ranking), methodologies, interpreting the numbers, Excel-based Property Level Benchmarking (STAR Reports) Step though each page of a monthly, weekly, and daily STAR report; how do hotel managers use the data to make strategic decisions, hints, questions, case scenarios Hotel Industry Performance Reports (Trends, Ad-hoc Reports, and Destination Reports) Step through each page of each ad-hoc report (Trends, Pipeline, HOST, Forecast, Destination Reports, others), explain all the metrics and how they are used, hints PowerPoint presentations w/ slides; professors can personalize; Includes hints, discussion questions, case scenarios, and application exercises; other classes available

28 Comprehensive Set of Sample Reports
Property Reports Monthly, Weekly, Daily STAR Reports Different types of hotels (by scale and and for cities around the world) Ad-Hoc Reports Every type for various sample cities Destination Reports Actual reports received by real CVBs and tourism organizations Professors can use sample reports to demonstrate in class or for student projects. Provide experience with actual reports.

29 Help with Student Research Projects
Hotel-Related Overviews Selected Hotel Comparative Study Correlating Hotel & Other Travel Data Local Market Overview Development Potential Comparable Market Analysis Market Segment Research Tracking Ongoing Performance Existing Supply Analysis Weekday/Weekend and DOW Analysis Conversion Activity Analysis Group versus Transient Analysis Future Supply Analysis Seasonality Analysis Profitability Study School Vacation/Schedule Analysis Destination Forecasting Compression/Overflow Analysis Impact Analyses Sellout Night Analysis Special Studies Weather-Related Sporting Event Traveler Origin/Intention, Visitor Profile Holiday Shift Study Guest Satisfaction/Review Analysis Crisis-Related Feasibility Study Potential Special Event Valuation New Attraction Financial Statement Analysis Students can obtain “hands-on” experience working with live data. Framework is provided to help guide students through actual projects.

30 The “Certification in Hotel Industry Analytics”

31 “Certification in Hotel Industry Analytics”
Since we started the SHARE Center, the single biggest request from professors was for some sort of student certification. Considerable interest in having a “stamp of approval” on students graduating from hospitality programs. At the end of 2011, we met with ICHRIE and EI (the Educational Institute of the AHLEI) and decided to offer a student certification as a joint effort. The primary contacts are Cynthia Deale (ICHRIE), Chris Jack (EI), and Steve Hood (STR SHARE Center).

32 Progress Update A pilot program was launched in the summer of 2012 with 80 professors from 50 universities. Over 370 students received the CHIA certification. Participants were surveyed and improvements were made. There are now 125 universities involved, from the US, Canada, South/Central America, Europe, Asia, and the Mideast/Africa. There are 40 non-US schools. Thirteen Train the Trainer sessions have been conducted for 220 professors. Training materials, learning objectives, and exam questions were reviewed . The program was fine tuned with feedback from professors.

33 Certification Basics The official name is “STAR Certification in Hotel Industry Analytics”. The abbreviated name is “CHIA”. The certification is offered jointly by the ICHRIE, EI (the Educational Institute of the AHLEI), and the STR SHARE Center to undergraduate and graduate students. Universities that are interested in offering the certification are required to send at least one professor to a Train the Trainer session. There is no charge for this session to members of the SHARE Center. Schools are using a variety of different formats to present the training to their students (Capstone, Lodging Operations, Revenue Management, lab, workshop).

34 Certification Details
The exam cost to the student is $75. Need-based scholarships will be considered. Training is focused on 4 content areas: Hotel Analytical Foundations, Hotel Math Fundamentals, Property Level Benchmarking, and Hotel Industry Performance Reports. Testing is administered by EI. There are 50 questions on the exam and the minimum passing score is 70%. Students receive certificates and can use the “CHIA” designation after their name on their resume or CV. Names and schools are listed on the EI website.

35 Certification Description
This is the only hotel-related certification for university students graduating from Hospitality and Tourism programs. This recognition provides evidence of a thorough knowledge of the foundational metrics, definitions, formulas, and methodologies that are used by the hotel industry. Recipients have proven that they can “do the math” and interpret the results. They have demonstrated an ability to analyze various types of hotel industry data and to make strategic inferences based upon that analysis. Certification also confirms a comprehensive understanding of benchmarking and performance reports. Designees have a grasp of the current landscape of the hotel industry, including relevant current events. Achieving this distinction announces that you have a place among the best graduates in your profession and opens the doors to future career opportunities.

36 Certification Next Steps
The certification program was introduced at EuroCHRIE in October and at AsiaPacCHRIE in May The first European “Train the Trainer” session was conducted in April at EHL. The first Asian TTT was conducted in May at Hong Kong Poly. Additional “Train the Trainer” sessions are scheduled: February at COHREP in Manila, hosted by Univ of Santo Tomas February at Oxford Brookes University, near London March at STR US office in Nashville, Tennessee April at University of Guelph, Canada May at AsiaPacCHRIE in Kuala Lampur, hosted by Taylors More sessions being planned (HK, Beijing, Singapore, …) Next October at EuroCHRIE in Dubai, hosted by Emirates Academy Online TTT sessions are also being planned

37 CHIA Certification and the Industry
The industry is aware of the CHIA Certification. One major hotel company recently asked a hospitality and tourism department head for her list of CHIA-certified students for two RM trainee positions and hired two. We’ve heard great industry feedback from graduates. Several companies have asked if they can obtain the CHIA training for their staff. We have conducted pilot programs where we have offered the CHIA Certification to several major hotel companies. We will be making formal announcements in the near future. The industry version of the CHIA will be jointly offered by AHLEI and the STR SHARE Center.

38 New SHARE Center Developments

39 New SHARE Center Developments
Dropbox Professors are sent links and can set up accounts Provides easy access to all of the latest resources Quarterly Newsletter Focused on specific types of data and reports Show how professors are using data/resources in the classroom Highlight examples of research from professors and students Linked In group – increase communication and interaction

40 New Developments continued
YouTube Channel – online videos, introductions to available resources Brainsharks – presentations with audio for all of the four core training programs, great way for professors to learn or to refresh Data Access/Requests Increasing response time Tracking projects that involve larger or more complicated data needs

41 We would be delighted to have you and your university involved in the SHARE Center!
Let us know if you are interested, or To get started, there is just a simple form to fill out. We offer complimentary trial memberships, so schools can have an introduction to the data and resources. We are sensitive to budget challenges. We never want a school to miss out due to financial issues. Let us know if you need help.

42 Let us know how we can help you, your faculty, and your students
We would be glad to conduct a webinar for your faculty to introduce them to all of the materials that are available. Professors can talk about data that they need for the classroom or student projects. Professors can also discuss data that they need for their research. We will be glad to send you sample reports on areas of interest.

43 We look forward to working together! Steve Hood,
, extension 3315 Duane Vinson, , extension 3329

Download ppt "The STR SHARE Center and the"

Similar presentations

Ads by Google