![]() Most major brands have formal supplier diversity representatives that drives diverse supplier participation in an aggressive manner but regrettably, there are also some brands where supplier diversity is still of lesser importance. This represents abounded opportunities for minority business professionals and entrepreneurs. It encompasses more strategic partnerships with developers, entrepreneurs, investors, and curators of guest experiences. A hotel ecosystem is not limited to workforce, supply chain, and operations anymore. ![]() Hotel companies have shifted from delivering ideal consumer “stays” to “experiences.” Earning guest approval or better yet, loyalty, may arguably be one of the most challenging achievements to sustain in the hospitality business. New and innovative companies like AirBnB have created instant lodging alternatives and chiseling away at local hotel market share in major cities around the globe. House-hold names like Marriott, Starwood, Hilton, Hyatt, MGM, Choice and Wyndham to name a few are expanding, introducing new concepts, engaged in merger and acquisitions, and reshaping revenue models from corporate owned properties to enlisting licensing, joint ventures, and franchise models. The lodging industry is ripe with business opportunities representing a multi-billion-dollar industry in the U.S.
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