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Steve Wynn Named 2017 Cornell Icon of the Industry

the School of Hotel Administration | March 17, 2017

Ithaca, NY, March 17, 2017 - The Cornell University School of Hotel Administration (SHA) has selected Steve Wynn, chairman and CEO of Wynn Resorts Limited, to receive the 2017 Cornell Icon of the Industry Award. This award recognizes Wynn for his contributions to the gaming and hospitality industries as well his legacy of philanthropy. The award will be presented at the 9th annual Cornell Hospitality Icon and Innovator Awards, Tuesday, June 6, 2017, at The Pierre Hotel in New York City. "Mr. Wynn reinvigorated the Las Vegas tourism scene through exceptional customer service to offer an unparalleled guest experience," said Kate Walsh, SH...

Cornell Study Examines Emerging Trends in Hotel Revenue Management

the Center for Hospitality Research | January 19, 2017

Ithaca, NY, January 19, 2017 - Revenue management professionals suggest that total hotel RM is the wave of the future and that, going forward, technology and data analytics will help enhance RM decisions in the hospitality industry. These are among the findings in a new study from the Cornell Center for Hospitality Research (CHR) based on surveys designed to determine how hotel RM practices have evolved over the past six years and where they are headed. Survey participants noted that the application of hotel RM has become more strategic, and more centralized, but that change in these areas has been slower than expected. Likewise, the us...

Cornell Study Highlights Diversification Benefits of REIT Stock Investments

the Center for Hospitality Research | January 11, 2017

Ithaca, NY, January 11, 2017 - Financial planning typically involves deciding how much savings to place in stocks, bonds and other assets while weighing the risks associated with each element of a diversified investment portfolio. A new study from Cornell University examines risk-return profiles and finds that investors see different purposes for real estate investment trust (REIT) common stock and preferred stock depending on their tolerance for risk. Using a value-based approach and imposing practical constraints on the investor's portfolio, this research shows that risk tolerant investors find REIT common stock beneficial, while risk...

Cornell Study Examines How Bias Affects Hiring Practices

the Center for Hospitality Research | December 7, 2016

Ithaca, NY, December 7, 2016 - Removing bias from the hiring process presents challenges for the hospitality industry and other service industries that want a qualified, diverse workforce. New research from Cornell University shows that HR managers' awareness of competence among job applicants and managers' attitudes toward affirmative action programs help reduce prejudice in recruitment. The study, "Do you look like me? How bias affects affirmative action in hiring," is available from the Cornell Center for Hospitality Research. It was written by Alex M. Susskind, an associate professor at Cornell's School of Hotel Administration; Ozia...

Changing Regulations Dominate Cornell Human Resources Roundtable

the Cornell Institute for Hospitality Labor and Employment Relations | August 22, 2016

Ithaca, NY, August 22, 2016 - Tighter interpretations of labor regulations by the National Labor Relations Board (NLRB) engaged participants in the 14th annual Labor and Employment Roundtable, hosted by the Cornell Institute for Hospitality Labor and Employment Relations (CIHLER) at the School of Hotel Administration. A full explanation of the roundtable's deliberations is found in a report that is available at no charge from CIHLER and Cornell's Center for Hospitality Research, CIHLER Roundtable Highlights: Dealing with Shifting Labor Employment Sands, by David Sherwyn. Roundtable chair and CIHLER Director David Sherwyn focused the dis...

Cornell Hospitality Business Plan Competition Ends with First-ever Tie

the Cornell Hospitality Business Plan Competition | March 30, 2016

Ithaca, NY, March 30, 2016 - Two student teams' presentations were so strong that the judges in the Cornell Hospitality Business Plan Competition declared a tie. Both teams will be awarded the first-place prize money of $25,000, the largest prize package on campus specifically for current Cornell University students. The co-winners in the 2016 edition of the competition are Team Last Second Beach and Team Maidbot. Team Chill won third place, with a prize of $5,000. A total of five student teams, which have been working on their plans for the entire academic year, presented their business concepts to a judging panel of entrepreneurs....

91st Annual Hotel Ezra Cornell to Analyze Trends in Real Estate Ownership and Investment, Food and Beverage Industry

Hotel Ezra Cornell | March 9, 2016

Ithaca, NY, March 9, 2016 - The 91st Annual Hotel Ezra Cornell (HEC 91) at the Cornell School of Hotel Administration (SHA) will further explore key issues emerging from "the new normal" phenomenon in hospitality by examining trends in two critical industries: real estate, and food and beverage (F&B). On March 18, 2016, from 2:45 to 3:45 p.m., Arthur Adler '78 (managing director and CEO-Americas, JLL Hotels and Hospitality Group) will moderate a panel of hotel real estate owners and investors as they discuss challenges for the industry and changes to the current investment landscape. On March 19, from 10:00 to 11:00 a....

Executive Insights on Leader Integrity: The Credibility Challenge; A New Report by Cornell

the Center for Hospitality Research | March 4, 2016

Ithaca, NY, March 4, 2016 - Despite the essential importance of integrity to corporate leadership, achieving integrity—and even defining it—can be a challenge. A new report from the Cornell Center for Hospitality Research (CHR) outlines several aspects of integrity, with contributions from five top hospitality industry executives. The report, "Executive Insights on Leader Integrity: The Credibility Challenge," is available at no charge from the CHR. The report is written by Tony Simons, an associate professor at the School of Hotel Administration. Simons has compiled essays on integrity from Kurt Schnaubelt of Alix...

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