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A Brief History of the Hotel Industry. Cyclical History of Early Hotel Industry. Roman Empire (30 BC - 400 A.D). Medieval (500 - 1300). Renaissance (1300 - 1600). Dark Ages (400 - 500 ). History of Early Hotel Industry. Code of Hammurabi (1800 BC)

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A Brief History of the Hotel Industry


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cyclical history of early hotel industry
Cyclical History of Early Hotel Industry

Roman Empire

(30 BC - 400 A.D)

Medieval

(500 - 1300)

Renaissance

(1300 - 1600)

Dark Ages

(400 - 500 )

history of early hotel industry
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
cyclical history of hotels in america

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
history of american hotels
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)
innovators leaders
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
history of american hotels7
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
slide8

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
history of american hotels9
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

cyclical history of las vegas
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)

las vegas history
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

leaders in las vegas
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”