Ann Fastiggi, head of our Hospitality and Leisure Practice, publishes her latest Perspectives Column on GlobalHotelNetwork.com, a thought leader coalition providing expert market insights and thought leadership perspectives to C-level executives in the global travel and tourism industry.
In her feature piece, “Surviving and Thriving in a Merger: Three Strategies”, Fastiggi offers advice executives can and should employ to give themselves a better shot at keeping their jobs and carving out a future at the newly expanded company. She writes:
Merger fever is running hot, and it is not going to subside any time soon. Across the hospitality industry, companies are consolidating in their fight for greater control of the market. From major hotel chains acquiring both large and small competitors to restaurant amalgamations, the big players in the hospitality industry understand the advantages of size, particularly in this increasingly global market. Bigger companies have better buying power in terms of supply chain and procurement, offer more opportunities for customers to use loyalty rewards programs, and can more easily negotiate with Priceline, Expedia, and other online travel deal sites. As the cost of doing business rises and hotel chains face growing competition from disruptors like AirBnB, the push for consolidation will only intensify…
To read the full piece, click here.