We asked Michael Grove about his key takeaways from reading the RLA Global 2024 Wellness Real Estate Report.

Primarily, Michael emphasizes the danger of viewing metrics in isolation:
"We get a lot of requests around the profitability and sustainability of Wellness as a department in the hotel... I think that's quite a dangerous concept because there is obviously a direct correlation between how you drive Wellness and how that impacts other areas of the business."

Key insights from Michael:

  • The interconnectedness of hotel departments
  • Luxury segment performance trends
  • The evolving role of Wellness across hotel categories
  • The importance of comprehensive data in investment decisions
  • Adapting to changing guest behaviors

Michael Grove stresses the critical role of expert analysis in investment decisions, explaining how a coordinated approach to data interpretation is essential for matching the right strategy with the right market and asset. "That's where I guess experts like RLA come into it", he noted.

Our latest podcast episode with Michael provides a roadmap for making informed decisions in an increasingly complex market.

Ready to dive deeper? Click here to watch the full podcast episode:

"Data is Key: View it Comprehensively" and gain a competitive edge in your hospitality ventures.

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The 2024 Mid-Year Wellness Real Estate Report is Soon to be Released!

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Get ready for RLA Global's 2024 Mid-Year Wellness Real Estate Report! Discover data-driven insights on wellness and hotel performance, with metrics like TRevPAR and ADR, tailored to drive strategic opportunities across luxury and upscale properties.

The 2024 Mid-Year Wellness Real Estate Report is Soon to be Released!

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Get ready for RLA Global's 2024 Mid-Year Wellness Real Estate Report! Discover data-driven insights on wellness and hotel performance, with metrics like TRevPAR and ADR, tailored to drive strategic opportunities across luxury and upscale properties. Read more

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Insights relating to this topic

Can Wellness Be Taught to Hotel Guests?

Sep / 2024

Maintaining a wellness lifestyle and increasing demand for access to wellness during travel and finds hospitality uniquely placed. Our VP of Strategic Health & Wellness, Simon Saunders, explores guest expectations, and the how’s and why’s of promoting, influencing, and educating guests’ wellness.

Can Wellness Be Taught to Hotel Guests?

Sep / 2024

Maintaining a wellness lifestyle and increasing demand for access to wellness during travel and finds hospitality uniquely placed. Our VP of Strategic Health & Wellness, Simon Saunders, explores guest expectations, and the how’s and why’s of promoting, influencing, and educating guests’ wellness. Read more

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The Longevity Shift: Opportunities and Challenges for Hotels

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Consumers increasingly follow well-being routines and health hacks to stay healthy longer and don’t want to skip their habits while traveling. To stay on top of this shift, hotels need to identify appropriate longevity offerings and focus on how they can serve their guests better.

The Longevity Shift: Opportunities and Challenges for Hotels

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Consumers increasingly follow well-being routines and health hacks to stay healthy longer and don’t want to skip their habits while traveling. To stay on top of this shift, hotels need to identify appropriate longevity offerings and focus on how they can serve their guests better. Read more

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