Interview w/ Mark Lomanno, President, Smith Travel Research – Comments from the AH&LA’s US Lodging Industry Summit in Washington, DC, May 11, 2004

An impressive panel of travel experts was assembled for the first-ever AH&LA U.S. Lodging Industry Summit, this past week in Washington, DC. In this streaming audio interview, Mark Lomanno comments on his presentation and answers a few key questions. Will gas prices really affect summer travel and what should hoteliers be worried about even though the market it looking up? Click below to listen.

Mr. Lomanno is President of Smith Travel Research (STR), the leading authority on current trends in occupancy, room rate and supply/demand data for the U.S. and the North American lodging industries. Each month, STR obtains revenue data from over 23,000 US properties accounting for over 3.2 million rooms. In addition, STR collects daily lodging performance data from over 18,000 U. S. hotels with over 2.3 million rooms as part of its daySTAR program. Through daySTAR PLUS, STR tracks daily customer segmentation data for upscale properties in all major US markets. Through its worldwide marketing alliance with Deloitte in the UK, STR provides a global perspective for all lodging trends.

STR tracks market share performance for virtually every major global hotel chain and most major management companies through its various STAR programs. Clients rely on STR's data quality and absolute data confidentiality to make strategic and operational decisions in the areas of sales and marketing, development, revenue management, reservation forecasting, internal audit and virtually all other departments.

STR also publishes Lodging Review, a weekly newsletter endorsed by the American Hotel & Lodging Association that tracks occupancy and room rates for the U.S., all fifty states, and the top 25 metropolitan markets. Data from Lodging Review is frequently published in Hotel & Motel Management, Hotels, Lodging Hospitality, Lodging Magazine, The Cornell Quarterly, The Wall Street Journal and the New York Times. It is also used extensively by Investment bankers and Lodging Equity Analysts and hospitality consultants across the US. STR data is used as the official source of lodging statistics for the U.S. Travel Data Center's Travel Printout and by over 300 convention and visitors bureaus, state tourism departments and government entities.

Mr. Lomanno serves on the advisory boards of the HSMAI Foundation, Travel Industry of America, The Center for Hospitality Research at Cornell University, and Priceline.com. He writes a monthly column for Hotel Motel Management magazine. Because of his in-depth understanding of current industry issues Mr. Lomanno is asked to give numerous speeches at industry seminars and hotel company meetings throughout the year. He is also a frequent guest lecturer at the School of Hotel Administration at Cornell University. Prior to joining STR, Mr. Lomanno was National Director of Research for Laventhol & Horwath and has over twenty years of experience in lodging industry research.

Mr. Lomanno holds an MS degree in Marketing from LaSalle University and an MBA in Marketing Research from Temple University. He lives in Nashville, TN, with his wife and two daughters. He is an avid runner and loyal Philadelphia Eagles fan.

The American Hotel & Lodging Association (AH&LA) hosted its 2004 U.S. Lodging Industry Summit May 11, at the National Press Club in Washington, D.C. The one-day national conference marked the first time leading lodging business analysts gathered to offer their collective perspectives and forecasts for the U.S. travel and hotel industries. Participants, in this unprecedented event, analyzed current industry performance and provided their insight on the future. Industry experts and accompanying trends discussed included: Consumer Behavior — D.K. Shifflet, president and CEO, D.K. Shifflet and Associates; Consumer Trends — Peter Yesawich, managing partner, Yesawich, Pepperdine, Brown & Russell; E-commerce Performance — Philip Wolf, president and CEO, PhoCusWright Inc.; Economic Overview — Bjorn Hanson, group industry leader, hospitality and leisure practice, PricewaterhouseCoopers International Ltd.; Operating Performance — Mark Lomano, president, Smith Travel Research; and Supplier Performance — Pat Ford, president, Lodging Econometrics.

Kevin Heilbronner is the US Editor for wiredhotelier.com and hospitalitynet.org, providing streaming multimedia-content for these websites. Based outside of Washington DC, Heilbronner has worked with Hsyndicate to conduct interviews at several hospitality trade shows in the US and Europe over the last couple of years. His column and content are featured in the Hospitality Net weekly newsletter. A familiar voice in Washington, DC, Heilbronner is the stadium announcer for the NBA's Washington Wizards, WNBA's Washington Mystics and WUSA's Washington Freedom. He resides in Centreville, VA and can be reached via email: [email protected].

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The American Hotel & Lodging Association (AHLA) is the largest hotel association in America, representing more than 30,000 members from all segments of the industry nationwide – including iconic global brands, 80 percent of all franchised hotels and the 16 largest hotel companies in the U.S. Headquartered in Washington, D.C., AHLA focuses on strategic advocacy, communications support, and workforce development programs to move the industry...