February 10, 2020 – After taking a massive hit during the Great Recession, employment and hiring within the hotel and hospitality industry has begun to rebound. In the last year, according to one set of survey metrics, the industry added 527,000 jobs (2.6 million since 2004). That number is expected to increase in 2020, as global tourism and traveling in general are expected to rise. As such, the travel and hospitality market is estimated to generate an annual economic impact of $6.5 trillion worldwide this year. In the U.S. alone, the $1.5 trillion industry accounts for nearly eight million jobs, more than five percent of total jobs across the country.
Recently, global hospitality consulting firm HVS Executive Search expanded with the addition of Glenn Skolnick as a senior vice president in New York.
“Glenn brings strong business acumen along with hospitality intelligence from his 20 years on Wall Street to HVS Executive Search,” said Court Williams, CEO of HVS Executive Search. “Our team is very excited to partner with Glenn and I am confident his experience will be invaluable as we continue to grow our executive search practice.”
Mr. Skolnick has over 20 years of experience at top tier investment banks where he was consistently a leading revenue producer. He worked closely raising capital for and analyzing both major public companies and smaller private companies, including those in the real estate, restaurant, gaming, lodging and leisure sectors.
Mr. Skolnick’s clients included global asset managers, hedge funds and real estate funds. He played an integral role in advising senior managers and their investors on existing investments as well as proposing new investments. “He brings the same passion working for his clients in executive search as he has throughout his career in finance and is committed to partnering with his clients to best meet the needs of their organizations,” HVS said.
Mr. Skolnick previously served as managing director, institutional sales and equities at financial services firm Janney Montgomery Scott. Before that, he was director of institutional sales and equities at BMO Capital Investments. He also gained experience with similar roles at Morgan Keegan & Company and Wachovia. He began his career working for Aramark after graduating from the Cornell University School of Hotel Administration.
HVS has more than 300 professionals in over 50 offices throughout the world who specialize in all types of hospitality assets, including hotels, restaurants, casinos, shared ownership lodging, mixed-use developments and golf courses, as well as conventions, sports and entertainment facilities. The firm has offices in New York, Baltimore/Washington, D.C., Orlando, Miami, Atlanta, San Diego, Los Angeles, Vancouver, Frankfurt, London, Dubai, Hong Kong and New Delhi.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media