N S W E
Premium Hospitality Performance Partner

Hospitality Has
Never Been
More Demanding.

Costs continue to rise. Margins continue to compress.

Guest expectations continue to increase. Environmental and social obligations continue to expand.

Owners still expect returns.

Lodestone helps hospitality businesses navigate these competing demands and create balanced performance.

02
The Hospitality Challenge

Five pressures.
One industry.
No room for error.

The hospitality industry has never been under greater pressure. Leaders are being asked to balance competing priorities every day — with no margin for misalignment.

67%
Cost Pressure

Operating costs continue to rise across energy, food, and labour.

1.2M
Labour Challenges

Hospitality roles remain unfilled globally despite wage growth.

4.2x
Guest Expectations

Personalisation, sustainability and experience expectations expand annually.

2030
2030
ESG Requirements

Regulatory obligations on emissions, reporting and supply chain expand.

32%
Profitability Pressure

Margins continue to compress despite revenue recovery.

03
Our Belief

Hospitality Is A
Balancing Act.

The challenge facing hospitality leaders is not maximising one of these outcomes. The challenge is improving all of them simultaneously.

This philosophy sits at the heart of everything Lodestone does.

Revenue
Profit
People
Guest Experience
Environmental Responsibility
Social Responsibility
Asset Value
REVENUE PROFIT PEOPLE GUEST EXP. ENVIRON. SOCIAL ASSET VALUE BALANCE REVENUE PROFIT PEOPLE GUEST EXP. ENVIRON. SOCIAL ASSET VALUE

Seven dimensions. One balance point. Sustainable performance requires all seven in alignment.

04
The Lodestone Way™

How we operate.

Six values guide every engagement. They are not aspirational. They are operational — the way we work every day.

Click a value to explore.

Value 01

Curious

We ask better questions before we offer answers. We listen first. We assume nothing. Curiosity is the starting point of every engagement.

N S W E LODESTONE WAY Curious VALUE 01 Connected VALUE 02 Adaptable VALUE 03 Present VALUE 04 Humble VALUE 05 Inspired VALUE 06
05
The Lodestone Method™

A modern compass
for hospitality performance.

Five stages. One direction. A proprietary methodology built by operators, for operators.

01

Discover

Understand reality.

We begin with data, culture, performance, challenges and opportunity. No assumptions. No templates. Just a clear picture of where you stand today.

Data Culture Performance Challenges Opportunity
N S W E DISCOVER STAGE 01 ALIGN STAGE 02 EXECUTE STAGE 03 EMBED STAGE 04 GROW STAGE 05 THE LODESTONE
07
Who We Work With

Those who own,
operate, finance
and lead hospitality.

Global Hotel Brands 01
Independent Hotel Groups 02
Owners 03
Investors 04
Private Equity 05
Asset Managers 06
Lenders & Banks 07
Receivers 08
Developers 09
Hospitality Boards 10
Hospitality CEOs 11
Lifestyle & F&B Businesses 12
08
Leadership

Built By Operators.
Not Career Consultants.

David Steel MBA FIH has led hotels, resorts, brands and large teams across the global hospitality industry. He has opened hotels, turned around businesses and delivered transformation.

He understands the realities of hospitality because he has lived them.

View Full Profile
David Steel
Founder & Managing Director

David Steel

MBA FIH

Minor Hotels
Regional Leadership
IHG Hotels & Resorts
Senior Operations
Macdonald Hotels
Executive Role
Warner Leisure
Operations
Merlin Entertainments
Leadership
De Vere Group
Executive Role
09
The Lodestone View

Insights from
operators, not observers.

Leadership 8 min read

The Balancing Act: Why Single-Metric Thinking Fails Hospitality

Revenue alone is not performance. Profit alone is not success. The discipline of balanced performance is what separates good operators from great ones.

David Steel Mar 2025
Operations 12 min read

Operational Excellence Is Not A Project. It Is A Discipline.

The most successful hospitality businesses treat operational excellence as a daily practice — not an initiative. Here is what that looks like in practice.

David Steel Feb 2025
AI 6 min read

AI As Enabler, Not Purpose: A Hospitality Operator's View

The conversation about AI in hospitality has been dominated by technologists. Here is what AI adoption looks like when viewed through the lens of operational reality.

David Steel Jan 2025
N S W E
10 — Begin

Find direction.
Create momentum.
Deliver performance.

Book a 30-minute discovery call or request a Lodestone Assessment™ — a fixed-fee diagnostic of your business across the seven dimensions of balanced performance.

02
Leadership

Built By Operators.
Not Career Consultants.

David Steel MBA FIH has spent three decades inside hospitality — leading hotels, resorts, brands and large teams. He has opened properties, turned around businesses, and delivered transformation at scale.

30+
Years
6
Brands
100+
Properties
David Steel
N S W E
Founder & Managing Director

David Steel MBA FIH

The Lodestone Story

A mineral.
A compass.
A method.

A lodestone is a naturally magnetised mineral used for navigation. For centuries it helped explorers find direction in uncertain environments.

In hospitality, the challenges may be different, but the need for direction remains the same.

Lodestone helps hospitality businesses navigate complexity, align organisations and create sustainable value — across revenue, profit, people, guest experience, environmental responsibility, social responsibility and asset value.

"We are not consultants. We are experienced hospitality operators who help organisations navigate growth, change and complexity."

Career Timeline

Three decades
inside hospitality.

A track record built across global brands, independent groups and lifestyle businesses — leading hotels, resorts, teams and transformation.

Minor Hotels

Regional Leadership

Regional senior role across a multi-brand portfolio spanning Asia, Europe and the Middle East. Led operational performance, brand integration and growth.

IHG Hotels & Resorts

Senior Operations

Senior operations leadership across one of the world's largest hotel companies. Multi-property, multi-brand accountability.

Macdonald Hotels & Resorts

Executive Role

Executive leadership across a portfolio of resorts and city-centre hotels. P&L, brand, operational excellence and guest experience.

Warner Leisure Hotels

Operations

Operations leadership across a curated portfolio of country house hotels and resorts. Focused on guest experience, commercial performance and team culture.

Merlin Entertainments

Leadership

Leadership within one of the world's largest visitor attraction operators. Operational scale, brand stewardship and guest experience at volume.

De Vere Group

Executive Role

Executive role across a heritage portfolio of estate, country house and event-led properties. Brand evolution, asset repositioning and commercial transformation.

Founder Video

In David's
own words.

Why Lodestone exists. What makes us different. And how we help hospitality leaders navigate the pressures they face every day.

David Steel
Watch — 4 min

The Lodestone Story

Engage with Lodestone.

03
Hospitality Performance

Revenue. Profit.
Productivity.
Commercial performance.

We help hospitality businesses improve commercial performance across every lever — from RevPAR and GOP to labour productivity and cost of sale. Not slide decks. Operators on the ground, making it happen.

What We Help With

Six levers.
One P&L.

01

Revenue

RevPAR optimisation, channel mix, pricing discipline, segmentation, total revenue management.

02

Profitability

GOP improvement, cost of sale, departmental margins, fixed vs variable cost discipline.

03

Productivity

Labour productivity, scheduling, span of control, process redesign, automation opportunities.

04

Commercial Performance

Sales effectiveness, B2B pipeline, contract negotiation, distribution economics.

05

Cost Discipline

Procurement, energy, F&B cost, overheads, capex prioritisation — without compromising guest experience.

06

Asset Performance

Asset value, ROI, owner returns, brand standards compliance, capex planning.

+18%

Average RevPAR uplift across recent engagements

+340bps

Typical GOP margin improvement within 12 months

-12%

Labour cost ratio reduction without service impact

90 days