What's Happening?
John B. 'Jack' Corgel has been named Senior Advisor at Woodworth Core Group, a significant move in the hospitality industry. Corgel, who is Professor Emeritus at the Nolan School of Hotel Administration at Cornell University, has a distinguished career in real estate and hospitality research. He previously held the Robert C. Baker Chair in Real Estate at Cornell and was the first director of the Center for Hospitality Research at the Hotel School. Corgel has also served as a senior research advisor to CBRE Hotels Research, where he contributed to the development of products like the Hotel Horizons econometric forecast, which analyzes U.S. hotel market performance. His new role at Woodworth Core Group will likely leverage his extensive experience in econometric forecasting and real estate performance analysis.
Why It's Important?
Corgel's appointment as Senior Advisor at Woodworth Core Group is significant for the hospitality industry, particularly in the realm of research and market analysis. His expertise in econometric forecasting and real estate performance is expected to enhance the analytical capabilities of Woodworth Core Group, potentially leading to more accurate market predictions and strategic insights. This could benefit stakeholders in the hospitality sector, including hotel operators, investors, and developers, by providing them with more reliable data to inform their decisions. Additionally, Corgel's involvement may lead to innovations in hospitality research methodologies, further advancing the industry's understanding of market dynamics.
What's Next?
As Corgel assumes his new role, it is anticipated that Woodworth Core Group will expand its research offerings and possibly introduce new analytical tools or reports. Stakeholders in the hospitality industry will likely monitor these developments closely, as they could influence investment strategies and operational decisions. Furthermore, Corgel's insights might lead to collaborations with academic institutions or other research entities, fostering a deeper integration of academic research and industry practice.
Beyond the Headlines
Corgel's transition from academia to a senior advisory role in a private firm highlights a broader trend of academic professionals moving into industry roles, where they can apply their research expertise to practical challenges. This shift underscores the increasing value placed on data-driven decision-making in the hospitality sector. It also raises questions about the future of hospitality education and the potential for more collaborative efforts between universities and industry players to address emerging challenges in the field.
