Here's an idea: Why don't you buy a hotel and give them all the rooms they need.OK, 10,000 room-days over 3 years is only 10 rooms per day, hopefully near the venue. Would seem to be a small price to pay to make certain critical people are in town during the ramp up to the Cup? This is a tempest in a teapot.
This. The San Diego hotel industry brings in more the $1.5B annually so over 3 years, we are talking 2.75m (rack rate and not actual cost) in tax deductible marketing expenses out of a 4.5B cash flow.OK, 10,000 room-days over 3 years is only 10 rooms per day, hopefully near the venue. Would seem to be a small price to pay to make certain critical people are in town during the ramp up to the Cup? This is a tempest in a teapot.
Very few times are the hotels 100% full at a full ride rate. They may fill up with internet specials, AAA , or military rates. If the give away rooms for marketing, they get to claim full "rack rate" as a marketing expense for rooms that might otherwise be unsold or, at nest sold at a deep discount. A $2.75m "value" isn't a $2.75m expense. You could make the case that some nights, the giveaway would actual increase net profitsmiscut jib said:I don't think Accor have any hotels in Bermuda or San Diego.
It's losing a couple million for no gain. That seemed to be the industry's objections. If it's a great big gravy train for god's sake why can't the people marketing the cup come up with the numbers? Either it's not a gravy train and/or the marketers are idiots.
something on that front, at http://www.smebranding.com/content/challenge-accepted-sme-rebrand-americas-cup-0What a plan...now if we just had something to sell and salesmen to sell it!
considering the size of the ego's involved, this is a bargain, no ?OK, 10,000 room-days over 3 years is only 10 rooms per day, hopefully near the venue. Would seem to be a small price to pay to make certain critical people are in town during the ramp up to the Cup? This is a tempest in a teapot.
For SD's bid it's potentially one of hopefully many competitive benefit advantages over what Bermuda will offer.OK, 10,000 room-days over 3 years is only 10 rooms per day, hopefully near the venue. Would seem to be a small price to pay to make certain critical people are in town during the ramp up to the Cup? This is a tempest in a teapot.
there, fixed it for you B)How is it a shakedown? Neither SD nor Berumda will offer anything they aren't happy to offer. It's entirely up to them.
There's a perfectly reasonable chance that the SD bid folks asked ACEA what the hotel space wishes were, specifically because they wanted to try accommodate that factor among others. Conventions and other event discussions must surely talk hotel room numbers too.
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awesome - a new logo on the website.something on that front, at http://www.smebranding.com/content/challenge-accepted-sme-rebrand-americas-cup-0What a plan...now if we just had something to sell and salesmen to sell it!
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Challenge Accepted! SME To Rebrand America's Cup
August 2014
SME, Inc.
New York City, NY
The America's Cup Event Authority has partnered with SME, Inc. New York to develop a new brand strategy, identity and architecture for the organization and 35th America's Cup. SME's challenge for this assignment is to develop a brand that represents in equal parts the history/heritage of this global sports icon while capturing the innovative aspect of an event viewed by many as 'The World Cup of Sailing'.
"It's great to be working with the fabled America's Cup brand and their leadership team on the brand development of one of the most prestigious and esteemed events in the world," said Ed O'Hara, Senior Partner.
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the location don't need no stinkin breeze Cuz RC is Blowin It !!!awesome - a new logo on the website.something on that front, athttp://www.smebranding.com/content/challenge-accepted-sme-rebrand-americas-cup-0What a plan...now if we just had something to sell and salesmen to sell it!
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Challenge Accepted! SME To Rebrand America's Cup
August 2014
SME, Inc.
New York City, NY
The America's Cup Event Authority has partnered with SME, Inc. New York to develop a new brand strategy, identity and architecture for the organization and 35th America's Cup. SME's challenge for this assignment is to develop a brand that represents in equal parts the history/heritage of this global sports icon while capturing the innovative aspect of an event viewed by many as 'The World Cup of Sailing'.
"It's great to be working with the fabled America's Cup brand and their leadership team on the brand development of one of the most prestigious and esteemed events in the world," said Ed O'Hara, Senior Partner.
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But last I checked - what you really need for a successful regatta is a reliable breeze.