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A Brief History of the Hotel Industry

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  1. A Brief History of the Hotel Industry

  2. Cyclical History of Early Hotel Industry Roman Empire (30 BC - 400 A.D) Medieval (500 - 1300) Renaissance (1300 - 1600) Dark Ages (400 - 500 )

  3. History of Early Hotel Industry • Code of Hammurabi (1800 BC) • Roman Empire - Religious & Military Travel • Dark Ages - Fall of Roman Empire • Medieval - Churches • Renaissance - Henry VIII abolished monasteries, Innkeeping flourished

  4. Growth (1960 - 1970) Golden Age (1920’s) Motel Age (1950’s) WW I (1910’s) Recovery (1990’s) WW II (1940’s) Recession (1980’s) Early America (1600 - 1920) Depression (1930’s) Cyclical History of Hotels in America

  5. History of American Hotels 1634 - First Inn - “Coles Ordinary” - Boston, MA 1794 - First Hotel - “City Hotel” - New York City Innovations: • The Tremont House (1829) • The Country Club (1882) • Buffalo Statler (1908)

  6. Innovators & Leaders Fred Harvey (1876) • Harvey House Hotels Ellsworth M. Statler (1908) • Father of American Hotel Industry Conrad Hilton (1919) • Banker’s Mentality Kemmons Wilson (1952) • Holiday Inns

  7. History of American Hotels 1920’s - Golden Age of Hotels • Unprecedented Building and Occupancy 1930’s - Great Depression • 85% of hotels in receivership or liquidation 1940’s - World War II • No materials for expansion; 93% occupancy

  8. History of American Hotels 1950’s - Growth of Motel Chains Reasons for increased travel after WW II: 1. Pent-up Demand 2. Transportation Improvements • Interstate Highway Act of 1956 3. Desire to Travel 4. Two-income Family 1960’s - Growth of Hotel Chains • Hyatt, Howard Johnsons, Marriott

  9. History of American Hotels 1970’s - Growth of Franchising • Market Segmentation 1980’s - Prosperity & Recession • Product Segmentation & Over Expansion 1990’s - Recovery • Expanding Markets 2000 - New Opportunities

  10. Cyclical History of Las Vegas Howard Hughes (1967) Mega-Resorts (1990’s) Flamingo (1946) Glitter Gulch (1931 - 1946) The Mob (1940’s - 1970’s) Corporate Control (1980’s) Wide Open Gambling Act (1931)

  11. Las Vegas History 1931 - Wide Open Gambling Act 1941 - El Rancho Vegas • Jim Cashman & Tommy Hull 1946 - Fabulous Flamingo • Bugsy Siegel 1967 - Howard Hughes 1980’s - Corporate Control • MGM, Hilton, Mirage 1990’s - Mega-Resorts

  12. Leaders in Las Vegas Bugsy Segal – Flamingo • Dangerous, ruthless, wild, psychopathic Benny Binion – Horseshoe • Loud, coarse, rude • “Even in a dean of thieves & murderers, he lacked class” Steve Wynn – Mirage • Erupts in anger & verbally accosts subordinates • “Thousand watt smile that oozes charm”