Editorial Board   Guest Author

Mr. Cepeda

Javier Cepeda

Regional Vice President, LEVEL Furnished Living

In his role as regional vice president of LEVEL Furnished Living, Javier Cepeda leads the opening and overall brand growth strategy for the Downtown Los Angeles development. Overseeing the $200 million, 33-story tower that will open this summer 2015 in the city's South Park District, Mr. Cepeda keeps a keen eye on industry trends and business news to maintain a strong presence in today's competitive landscape. A proven leader with extensive hospitality experience, Mr. Cepeda leads his teams by setting clear expectations, realistic goals, capitalizing on growing market trends and establishing lasting business relationships. A seasoned veteran of the hospitality industry, Mr. Cepeda brings more than 15 years of relevant management, guest services, sales and communications experience to his current position. He previously worked in the operations department at both Four Seasons Resort Punta Mita and Four Seasons Resort Whistler before joining the LEVEL Furnished Living team in 2010. Since joining the LEVEL Furnished Living team, Mr. Cepeda has been an integral part of spearheading the opening of their flagship property in Vancouver, Canada and now looks forward to leading the Downtown Los Angeles property to similar success. Colombian born and raised, Mr. Cepeda has also lived in Dominican Republic, Mexico and Canada. He holds a Bachelor of Tourism and Hotel Management from Universidad Externado de Colombia. In 2010, he served as operations supervisor for the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games, the non-profit organization responsible for planning, organizing, financing and staging the Games in Whistler, Canada. He is a 2015 recipient of the Tower of Excellence Award for Individual of the Year from the Corporate Housing Providers Association (CHPA). http://www.stayinglevel.com/los-angeles

Please visit http://www.stayinglevel.com for more information.

Mr. Cepeda can be contacted at 213-873-8400 or dtla@stayinglevel.com

Coming up in October 2019...

Revenue Management: Focus On Profit

Revenue Management is still a relatively new profession within hotel operations and as such, it continues to evolve. One significant trend in this area is a shift away from using revenue as the foundation to generate key performance indicators (KPIs) and to instead place the emphasis on profit. Traditionally, revenue managers have relied on total revenue per available room (TrevPAR) and revenue per available room (RevPAR) as the basis of their KPIs. Now, some revenue managers are using gross operating profit per available room (GOPPAR) as their primary KPI. This puts profit at the center of revenue management strategy, and managers are increasingly searching for new ways to increase the profitability of their hotels. Return on Investment is the objective of any hotel investment, so it is only logical that profitability and ROI will be emphasized going forward. Another trend is an expanded focus on direct hotel bookings. Revenue managers know that one way to increase profitability is to steer guests away from online travel agencies (OTAs) and book directly with the hotel. This tactic also reinforces brand identity and loyalty, and encourages repeat business. In addition, it provides a valuable platform to market the hotel directly to the customer, and to upsell room upgrades or other services to them. Another trend for revenue managers involves automation in their software programs. Revenue management systems with automation are far more desirable than those without it. Automating data entry and logistics increases efficiency, allowing managers to spend more time on formulating strategy. As a bonus, an automated system helps with aggregating and interpreting data. The October issue of the Hotel Business Review will address these developments and document how some leading hotels are executing their revenue management strategies.