Les brings 30+ years of experience as a Fortune 200 IT executive, an entrepreneur, and a creator of several of the travel and entertainment industries’ most game-changing technologies. He’s been lauded by top executives at many of the world’s most respected technology companies including HP, Microsoft, Google, Dell, and Cisco as the best CIO they have ever seen and he’s earned the distinction of a top 50 CIO by CIO Magazine.
After earning his MBA in Internet, Information Technology Strategy from Emory University’s Goizueta Business School, Les joined Holiday Inn Worldwide as their Director of Emerging Technologies where he planned, developed and implemented the hotel industry’s first web-based, Internet travel reservation system for the company in 1994. Les then joined Carlson Wagonlit Travel in 1996 as their Chief Technology Officer where he built the industry’s first Internet-based system for the travel industry. In 1999, Les Co-Founded AgentWare where he designed and developed the first and most comprehensive Meta-Search Engine for the travel industry, and he then licensed it to Kayak.
Over the next 10 years, Les founded and grew two more tech companies – INTENT MediaWorks, a file-sharing content Management & Distribution platform in the entertainment industry, and PLAT4M, where he built highly scalable SaaS applications for the Web 2.0, Media and Travel Industries.
Most recently, in 2013, Les returned to the corporate world as Global CIO & Chief Innovation Officer for the Las Vegas Sands.
Hotel appraisers and brokers expect distressed assets to come to market as the pandemic recession continues into 2021. Analysts say billions of dollars in private equity are waiting in the wings to acquire hotels underperforming as a result of the coronavirus crisis. But pricing will be different than in previous economic downturns. While a transaction may be distressed, it will not necessarily reflect distress pricing,” said Daniel Lesser of LW Hospitality Advisors. Long Live Lodging explores the state of hotel values as well as what may lie ahead with regard to transactions in 2021 as the spread of COVID-19 continues to stifle lodging performance. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.
Global business travel is a $1.4 trillion industry. The Global Business Travel Association calculates the coronavirus pandemic in 2020 resulted in a loss of $113 billion in business travel spend in hotels, airlines and other sectors of the travel industry. But all is not lost. GBTA, industry analysts and travel management companies see some green shoots of hope for 2021 as the COVID-19 vaccine rolls out and corporations put some of their people on the road again. This report is part of Long Live Lodging’s ongoing coverage of the coronavirus crisis and its impact on the hospitality industry.