Gretel Kutan
Luxury Hospitality Projects
EMEA · Globally Flexible
Issue I · MMXXVI · Industry Notes
IV.

The Judgement Gap

There is a belief in luxury hospitality, rarely stated directly but felt everywhere, that the segment is somehow above technology. The belief is dressed as taste. It is, in fact, a vulnerability, and the deepest reason senior leadership in this segment is structurally under-equipped to make the decisions the next decade will require.

III.

The Group That Was Never Designed

Most luxury hospitality groups did not design themselves. They accumulated. The infrastructure underneath them was never built for the business they have become, and the cost of that is absorbed quietly, year after year, into the marketing budget of every property in the portfolio.

II.

The Fifth Season Problem

By the fifth year, the venue that opened with conviction is being run by a calendar. The decline is invisible in the P&L for longer than it should be, and the metrics that would catch it are not the metrics most operators track.

I.

Idea Is Not Vision

Most luxury hospitality projects that disappoint do not fail in execution. They fail earlier, in the confusion between having an idea and having a vision, and in the strategy that gets built on top of the difference.