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Cornell 'White Paper' Calls for Innovation in Life-Style Center |
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Hospitality industry can supply new energy, says market strategist |
Developers of new 'town centers' and 'life-style centers' need to leave the beaten track and resist repeating the mistakes of the past, according to Karl Kalcher, managing director of MindFolio, a marketing strategy firm. In a new 'Industry Perspective,' published by Cornell's Center for Hospitality Research, Kalcher analyzes recent projects through the lens of customer preferences, with a goal of re-energizing the role and opportunities for such mixed-use developments.
In his industry perspective, 'North America's New Town Centers: Time to Take Some Angst Out and Put More Soul In,' Kalcher suggests that the design of many life-style centers has not only become worryingly repetitive, but their frequent positioning as town centers and community anchors puts the whole matter beyond subjective design considerations. 'I wrote this analysis mainly as a contribution to the quest of many for innovative, socially responsible, and commercially viable spaces, where enjoyment, comfort, authenticity, and dynamism can merge seamlessly,' Kalcher said. The report is available at no charge from the Center for Hospitality Research at www.hotelschool.cornell.edu/research/chr/pubs/perspective/.
'This is a matter of economic necessity, I believe. Truly useable, socially animating public spaces are rare within these so-called town centers, thus reducing average dwell times-to the detriment of developers and tenants,' Kalcher said. 'One cannot fail to notice that America's urban landscape is increasingly dominated by nearly identical, pastiche 'Mediterranean' towers, domes, and archways, frequently devoid of any local authenticity. I call this 'angst' for stepping out and a preference for copying rather than innovating with courage.'
Fully aware of the financial dynamics that underpin developments, Kalcher proposes a greater and even more assertive role for the hospitality industry, whose practitioners are crucial to the overall success of most developments today and whose sensitivity and experience for shaping ambient environments should be harnessed to a much larger degree.
'Due to economic forces beyond our control, we now have a pause in many developments,' Kalcher added. 'We could use this time gainfully to regroup and rethink. In some instances, there will also be a need for research such as the customer-choice analysis developed by Daniel McFadden, who won the Nobel Prize for Economics. By focusing on customer needs, the industry could be well positioned to take new initiatives with much greater confidence when the economy revives. Our architects, master planners, retailers, and developers are capable of much more, but they need to be as one in pursuing the benefits of change and innovation.'
Kalcher also reasons that developments which are marginal in terms of finance and anticipated demand will simply not get off the ground now, and that this will minimize the oversupply of markets. Therefore, he concludes, it is quite conceivable that fewer, but better developments will provide thoughtful entrepreneurs with justifiably higher rewards.
A strategy consultancy, MindFolio develops visions, branded concepts and master-planned experiences, based on rigorous customer analysis and interaction, for leisure, retail, residential, and working environments in the U.S.A., Europe, and the Middle East (www.mindfolio.com).
Thanks to the support of the Center for Hospitality Research partners listed below, all publications posted on the center's website are available free of charge, at www.chr.cornell.edu.
About The Center for Hospitality Research
A unit of the Cornell School of Hotel Administration, The Center for Hospitality Research (CHR) sponsors research designed to improve practices in the hospitality industry. Under the lead of the center's 73 corporate affiliates, experienced scholars work closely with business executives to discover new insights into strategic, managerial and operating practices. The center also publishes the award-winning hospitality journal, the Cornell Hospitality Quarterly (formerly the Cornell Hotel and Restaurant Administration Quarterly). To learn more about center and its projects, visit www.chr.cornell.edu.
Center partners and sponsors: AIG Global Real Estate Investment, American Airlines Admirals Club, Davis & Gilbert LLP, Deloitte & Touche USA LLP, Denihan Hospitality Group, Expedia, Inc., Four Seasons Hotels and Resorts, Fox Rothschild LLP, FX Real Estate and Entertainment, Inc., General Growth Properties, Inc., HVS, InterContinental Hotels Group, job.travel, JohnsonDiversey, Inc., Jumeirah Group, LRP Publications, Marriott International, Inc., Marsh's Hospitality Practice, Mobil Travel Guide, Inc., Nestlé, PricewaterhouseCoopers, Proskauer Rose LLP, Smith Travel Research, Southern Wine and Spirits of America, Inc., SynXis (a Sabre Holdings Corporation), Taj Hotels Resorts and Palaces, Thayer Lodging Group, TIG Global, Travelport, WATG, and WhiteSand Consulting.
Center friends: 4Hoteliers.com American Tescor, LLC Argyle Executive Forum Caribbean Hotel and Restaurant Buyers Guide Cody Kramer Imports Cruise Industry News DK Shifflet & Associates ehotelier.com EyeforTravel Fireman's Fund Insurance Company Gerencia de Hoteles & Restaurantes Global Hospitality Resources Hospitality Financial and Technology Professionals (HFTP) hospitalityInside.com hospitalitynet.org Hospitality Technology Magazine Hotel Asia Pacific Hotel China HotelExecutive.com Hotel Interactive Hotel Resource International CHRIE International Hotel and Restaurant Association International Hotel Conference International Society of Hospitality Consultants (ISHC) iPerceptions Lodging Hospitality Lodging Magazine Milestone Internet Marketing MindFolio Parasol PKF Hospitality Research The Resort Trades RealShare Hotel Investment & Finance Summit Resort+Recreation Magazine RestaurantEdge.com Shibata Publishing Co. Synovate The Lodging Conference TravelCLICK UniFocus WageWatch, Inc. WIWIH.COM
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