Investor · Houston, TX · Member since 2014 · 208 posts · 135 votes
11y
As someone who lives in hotels 365 days/year, let us not forget theatrical/entertainment tours (certainly a very small percentage, but we do nonetheless). We also run into a ton of business travelers and conventions. You'd be surprised how many hotels get booked up as a result of cheer-leading conventions, farmer conventions, comic book conventions, etc. Just my two cents.
Rental Property Investor · Kansas City, KS · Member since 2014 · 604 posts · 222 votes
11y
Depends on the hotel. If you're talking a roadside fleabag motel then most likely transients/homeless paying by the week. If you're talking a swanky downtown place then probably business travelers.
Landlord · Las Vegas, NV · Member since 2014 · 51 posts · 22 votes
11y
It's usually filled with people who like sleeping with a roof over their head.
All jokes aside:
International Backpackers
Business Travelers
Family Tourists
Young Couples
Homeless/Felons/Evictees (anyone that can't pass a background check to rent a house)
At some point you want to narrow your location/price point to get a better understanding of client mix. Are you talking about cheap motels, high end hotels, weekly suites with kitchenettes?
Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
11y
There are a couple of run down mid 60-70's motels several miles from us that are rented weekly/monthly as half way housing, financed by the taxpayer. BUT occupancy runs 100%.
Investor · Houston, TX · Member since 2014 · 208 posts · 135 votes
11y
As someone who lives in hotels 365 days/year, let us not forget theatrical/entertainment tours (certainly a very small percentage, but we do nonetheless). We also run into a ton of business travelers and conventions. You'd be surprised how many hotels get booked up as a result of cheer-leading conventions, farmer conventions, comic book conventions, etc. Just my two cents.
Rental Property Investor · Lubbock, TX · Member since 2015 · 455 posts · 182 votes
11y
I just had a conversation with my mother's best friend, who has worked as the sales manager at a hotel for many years. She would go out to different large companies, and find out when they had people coming into town for jobs and when they were travelling. She has landed big corporate groups staying for an extended period for hundreds of thousands of dollars each time.
That's not a demographic, but it shows you that as an owner, YOU can go decide who comes in your hotel.
I just had a conversation with my mother's best friend, who has worked as the sales manager at a hotel for many years. She would go out to different large companies, and find out when they had people coming into town for jobs and when they were travelling. She has landed big corporate groups staying for an extended period for hundreds of thousands of dollars each time.
That's not a demographic, but it shows you that as an owner, YOU can go decide who comes in your hotel.
Only within the constraints of your geographical location.
Rental Property Investor · Lubbock, TX · Member since 2015 · 455 posts · 182 votes
11y
Absolutely Roy.
She focused on the industries surrounding the area and any new construction that was about to be done, which would require workers for an extended period of time.
or like last May in Chicago the Aminee convention now that was a group of colorful people ...
being a business traveler like I am 100 nights a year in hotel... its mostly business folks and then vacationers and specialty groups... Airline folks.. really depends on the hotel , time of year and price point and of course its location...
I knew it was something like that.... color ful collection of folks that's for sure.. and they were not shy to walk around looking pretty strange... One time In an elevator and was surrounded by drag queens... turned out to be a drag queen convention.. that can be king of scarry up close and personal.... :)
I grew up in San Francisco during the Height Ashbury days I know how to live and let live.. and did my time in Northern CA Ashram type colonies.. Albiet somewhat of a RE nerd but all the same.. can't label me with that kind of thought :)