Thanks to co-founder Can Faik and team for hosting Global Hospitality Talk Los Angeles at the The Maybourne Beverly Hills. Paul Altomare attended this annual event that brings hospitality leaders and suppliers together to experience interesting speaker sessions and discussions on the global hotel market.

Five key takeaways for 2024:
1️⃣ Hotel performance metrics remain strong in most markets.
2️⃣ Mid-tier hotels, adaptive reuse, technology and innovation--geared towards Gen Z and millennials--are driving hospitality in the next few years.
3️⃣ Owners and developers are optimistic that more opportunities will arise on both the development and transaction fronts in 2024.
4️⃣ Conversions (vs. ground-up construction) in the U.S. are increasingly gaining traction within the development community.
5️⃣ Difficulties persist in the office and multi-family sectors.

Todd-Avery Lenahan received the Outstanding Contribution Award.

Launched in 2023, Global Hospitality Talk events are held in six major cities across the globe each year. It brings together leading hoteliers, hotel brands, developers, hospitality designers/architects, market analysts and premium suppliers to debate and discuss the opportunities currently being presented by the global hotel sector.