Keep pulling the thread on Brandon Presser.
Significant consolidation in the hotel industry has resulted in companies like Marriott controlling a large portion of the market.
Independent hotel developers are incentivized to partner with major brands like Park Hyatt for management, as this affiliation can instantly increase the property's value.
Hotel companies are increasingly focusing their investment on lobbies rather than rooms to cater to the 'experience economy' and generate user content for social media platforms like Instagram.
Alphabet's Google Lens photo identification tool has difficulty distinguishing between different hotel rooms due to their increasing design homogeneity.