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Wrong Bjorn Hanson?

Bjorn L. Hanson

Principal

PricewaterhouseCoopers LLP

HQ Phone:  (646) 471-3000

Direct Phone: (646) ***-****direct phone

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PricewaterhouseCoopers LLP

300 Madison Avenue

New York City, New York,10017

United States

Company Description

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 140,000 people in 149 countries across our network share their thinkin... more.

Find other employees at this company (128,867)

Background Information

Employment History

Professor of Hospitality and Tourism Management

New York University


Affiliations

NYU School of Professional Studies

Divisional Dean


Alfred Pisani Corinthia Hotels Scholarship

Founder


Summit Hotel Properties , Inc.

Board Member


Luxury Hospitality Daily

Board Member


Cornell Club

Chair of the Executive Board


Tourism and Sports Management

Chair of the Executive Board


New York Universitys Center for Hospitality and Sports Management

Chair of the Executive Board


The Center for Hospitality Research Advisory Board

Chair of the Executive Board


Association of Corporate Travel Executives

Member of ADVISORY BOARD


American Hotel

Chair, Committee


Real Estate

Leadership Committee and Financial Advisory Services Management Committee


HITEC

Board Member


Education

Bachelor's degree

Cornell University


Bachelor's degree

Cornell University School of Hotel Administration


MBA

Fordham University


Ph.D.

NYU


Ph.D.

NYU School of Professional Studies


Ph.D.

New York University


Ph.D.

Pepperdine


bachelor

Cornell University , School of Hotel Administration


Web References(115 Total References)


Meeting Mentor Magazine

www.meetingmentormag.com [cached]

For nearly two decades, Bjorn Hanson, Ph.D., was the architect of PricewaterhouseCoopers (PwC) Annual Lodging Industry Forecast, long considered the gold standard in the hospitality field.
Now a professor at New York University's Tisch Center, his analysis remains a barometer for many in the hospitality industry. While there are no surprises in his consensus outlook for 2010, Hanson sees a number of fundamentals that will challenge the industry for years to come. According to Smith Travel Research, one key lodging metric, Revenue Per Available Room (RevPAR) will decline only 4 to 5 percent next year. But that number comes on top of "The Perfect Storm" that saw a 17 percent drop in 2009. "Historically," said Hanson, "we've seen numbers like this twice before. But never for a period this long." He cautioned against reading too much into what he termed false positives.


Fred Harteis Team News

fredharteis-team-news.blogspot.com [cached]

The number of fees are rising and the amount of those fees is also increasing says Bjorn Hanson of PricewaterhouseCoopers, a consulting group.In 2007 the industry took in $1.75 billion in fees alone.
That's up from $1.6 billion from the year before.Some fees are becoming more common, including baggage holding fees.


www.sec.gov

Bjorn R. L. Hanson.
Dr. Hanson has been a member of the Board since the completion of our initial public offering, or IPO, in February 2011. Dr. Hanson has worked in the hospitality industry for more than 35 years and has been involved in consulting, research and investment banking in the lodging sector. He joined the New York University School of Continuing Professional Studies in June 2008 as a clinical professor teaching in the school’s graduate and undergraduate hospitality and tourism programs and directing applied research projects. In 2010, he was appointed as the divisional dean of that school’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, which he served as until returning to his full time faculty role in 2014. Before joining the Tisch Center, Dr. Hanson was a partner with PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP, which he joined in 1989. Dr. Hanson founded the hospitality, sports, convention and leisure practice and held various positions at PricewaterhouseCoopers and Coopers & Lybrand, including National Industry Chairman for the Hospitality Industries, National Service Line Director for Hospitality Consulting, National Industry Chairman for Real Estate, Real Estate Service Line Director and National Director of Appraisal Services. Additionally, he served on the U.S. leadership committee and global financial advisory services management committee of PricewaterhouseCoopers. Dr. Hanson was also managing director with two Wall Street firms, Kidder, Peabody & Co. and PaineWebber Inc., for which he led banking and research departments for lodging and gaming. Dr. Hanson received a B.S. from Cornell University School of Hotel Administration, an M.B.A. from Fordham University and a Ph.D. from New York University. The Board, upon the recommendation of the Nominating and Corporate Governance Committee, has determined that Dr. Hanson should serve as a director, if elected, because he brings a wide range of experience in consulting, research and investment banking in the hospitality industry to the Board. He also brings an academic perspective on the hospitality and tourism industries, which enhances the ability of the Board to analyze macroeconomic issues and trends relevant to our business. Finally, Dr. Hanson’s leadership roles in market trend analysis, economic analysis and financial analysis specific to our industry provide the Board with additional depth in analyzing financial reporting issues faced by companies similar to ours.


hotellaw.jmbm.com

I also had the good fortune to hear the fascinating presentation made by Bjorn Hanson, principal of PricewaterhouseCoopers LLP (retiring effective June 30, 2008), which informed much of what I had heard from my friends at STR.
Bjorn Hanson, principal of PricewaterhouseCoopers LLP (retiring effective June 30, 2008), also gave us an update of his version of this data, and Bjorn was kind enough to share his graphics with me. Demand Elasticity and Correlation to Real GDP Bjorn and economists speak of the "elasticity" of demand. Then, as you can see from the chart, everything changed in 2002 after 9-11 when the correlation plunged to .2 in 2002, rose to .5 in 2003, got to 1.01 in 2004, and has wobbled a bit the past few years, but still at a very high level of correlation or direct relationship. (Bjorn says that any correlation higher than .05 is statistically significant.) Here is another of Bjorn Hanson's charts that illustrates the relationship a different way. But Bjorn Hanson and his team at PwC have also noted a meaningful correlation of the price of gasoline and the demand for room nights. And to put this into a practical context, Bjorn says that if real gasoline prices had remained at the levels they held in the fourth quarter of 2006, then occupancy in 2007 would have been more than .2 occupancy points higher.


www.snl.com

Bjorn R. L. Hanson
Dr. Hanson has worked in the hospitality industry for more than 35 years and has been involved in consulting, research and investment banking in the lodging sector. He joined the New York University School of Continuing Professional Studies in June 2008 as a clinical professor teaching in the school's graduate and undergraduate hospitality and tourism programs and directing applied research projects. In 2010, he was appointed as the divisional dean of that school's Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management. Before joining the Tisch Center, Dr. Hanson was a partner with PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP, which he joined in 1989. Dr. Hanson founded the hospitality, sports, convention and leisure practice and held various positions at PricewaterhouseCoopers and Coopers & Lybrand, including National Industry Chairman for the Hospitality Industries, National Service Line Director for Hospitality Consulting, National Industry Chairman for Real Estate, Real Estate Service Line Director and National Director of Appraisal Services. Additionally, he served on the U.S. leadership committee and global financial advisory services management committee of PricewaterhouseCoopers. Dr. Hanson was also managing director with two Wall Street firms, Kidder, Peabody & Co. and PaineWebber Inc., for which he led banking and research departments for lodging and gaming. Dr. Hanson received a B.S. from Cornell University School of Hotel Administration, an M.B.A. from Fordham University and a Ph.D. from New York University. Dr. Hanson brings a wide range of experience in consulting, research and investment banking in the lodging sector to our board. Further, he brings an academic perspective on the hospitality and tourism industries, which enhances our board's ability to analyze macroeconomic issues and trends relevant to our business. Finally, Dr. Hanson's leadership roles in market trend analysis, economic analysis and financial analysis specific to our industry provide our board with additional depth in analyzing financial reporting issues faced by companies similar to ours.


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