News Summary
Arizona State University’s W. P. Carey School of Business has announced a new leadership appointment to enhance its Real Estate Center. This change aims to elevate real estate studies and strengthen industry ties. Simultaneously, the upcoming Hospitality & Restaurant Summit will highlight the evolving hotel restaurant scene in Arizona, emphasizing the growing trend of travelers choosing hotels based on culinary offerings. This strategic alignment between education and the hospitality sector presents new opportunities for students and signifies Arizona’s rising prominence in both real estate and dining experiences.
Tempe, Arizona – Arizona State University’s W. P. Carey School of Business has announced the appointment of an experienced real estate professional to head its newly expanded Real Estate Center. This strategic leadership change is intended to bolster the school’s emphasis on real estate studies and to strengthen its connections to the industry.
The announcement comes at a pivotal time when the real estate market is witnessing significant transformations and growing importance. The center’s new leader aims to enhance educational opportunities while also fostering partnerships within the real estate sector to provide students with practical experiences and networking opportunities.
In conjunction with the school’s expansion, the upcoming Hospitality & Restaurant Summit will spotlight the burgeoning hotel and restaurant industry in Arizona. This event will attract prominent restaurateurs and hospitality experts who will share insights into current trends, particularly the evolution of hotel restaurants from simple dining options for travelers to popular gastronomic destinations.
Recent data from OpenTable and KAYAK indicates that nearly half of Americans, specifically 47%, have planned trips around a restaurant they wished to visit. A notable trend has been the increasing interest in hotel restaurants, with KAYAK reporting a 51% year-over-year rise in bookings that utilize its “restaurant” filter for hotel selections. This shift illustrates a deliberate connection between travel preferences and dining choices, revealing that accommodations are often now chosen based on the culinary experiences they offer.
Furthermore, to help simplify the search for travelers, OpenTable and KAYAK introduced their first-ever list featuring the Top 100 Hotel Restaurants in America, derived from diner insights and consumer behavior. Impressively, two distinguished locations from Arizona made it onto this prestigious list, solidifying the state’s growing reputation in the hospitality sector.
The Top 100 list showcases a variety of esteemed establishments, including restaurants that have received accolades from the James Beard Awards and others that boast MICHELIN stars. This recognition underscores the trend where hotel restaurants are no longer merely supplementary services; they are becoming focal points that drive guests to choose specific hotels based on exceptional dining options available on-site.
The emphasis on memorable dining experiences reflects a broader shift in travel behavior. Research has shown that travelers increasingly prioritize culinary offerings, making dining experiences an integral part of their itineraries. Consequently, hotel owners are acknowledging the value of restaurants as amenities that not only attract guests from afar but also serve local diners, thereby amplifying the restaurant’s appeal and extend its marketing reach.
These developments not only highlight a transformative phase for hotel restaurants in Arizona but also indicate rising overall recognition for the state’s dining options on a national scale. The establishment of effective channels connecting education, dining, and hospitality could lead to a more vibrant economy within these industries as they continue to adapt to changing consumer behaviors and preferences.
As the W. P. Carey School of Business takes bold steps with its Real Estate Center, the cooperation with the evolving restaurant industry poses a unique opportunity for students and educators alike, ensuring relevance and responsiveness to the needs of the market. The combination of focused leadership, strategic events, and a rich dining scene aims to enhance the educational landscape and further solidify Arizona’s place in the national hospitality framework.
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Additional Resources
- AZ Big Media: Arizona Destinations
- Wikipedia: Restaurant
- AZ Central: Kai Restaurant
- Google Search: Hotel Restaurants in America
- Hospitality Design: Trailborn Grand Canyon
- Google Scholar: Restaurant Industry Trends
- Asian Hospitality: Springhill Suites
- Encyclopedia Britannica: Hotel Restaurant
- Business Wire: ASU Expands Partnership
- Google News: Arizona Hospitality News
Author: STAFF HERE PHOENIX WRITER
PHOENIX STAFF WRITER The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.
