Showing posts with label Innovation. Show all posts
Showing posts with label Innovation. Show all posts

Wednesday, February 1, 2017

Why are hotels often slow to innovate?

Because we don't have to if we don't want, so why the heck should we? 

Investment is risky. Leave things be, and we can still have enough people come in the door at a rate we kvetch and whine isn't high enough, to keep the property running in the black and get a low return that we kvetch and wine isn't high enough. And people have little to no patience with results that aren't immediately apparent. 

That's the way most people do it, anyway. Asking me why they don't innovate is like asking me, why would someone not eat, or why would someone not breathe? I can only speculate. But there are a lot of natural human flaws that get in the way, so some of this stuff even comes up for me more than I should let it.


So here goes with some speculation, based on my observations and experience over the years: