SiteMinder

FEBRUARY 14, 2024

Understanding emerging trends helps in strategic planning, ensuring that investments in marketing, renovations, or expansions are aligned with future market demands. When it comes to luxury vs budget travel , travellers are willing to spend more – where they see value.

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. Choosing the right OTAs to partner with requires research and strategic planning. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences.  Then this guide is all you need. 

Book 268

Book Budgeting Catering Strategic Planning 268

Revenue Hub

OCTOBER 8, 2024

Macroeconomic variables: Including economic predictors, such as Gross Domestic Product (GDP), inflation rates, and unemployment rates, can boost forecast performance by capturing underlying causes of performance movements. Better financial planning: Forecasting enables hoteliers to build revenue projections and anticipate expenses.

Strategic Planning 98

Strategic Planning Revenue Projections Article Information 98

Les Roches

OCTOBER 23, 2023

They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans. They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans. What does a sales and marketing director do?

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Modern Restaurant Management

JUNE 28, 2024

KFC finishes second at 81 (unchanged), appearing to hold on to highly loyal customers as competitors cut into its domestic market share. These obstacles highlight the need for strategic planning, education, and investment to successfully integrate AI into restaurant operations.

Pricing 117

Pricing Budgeting Marketing Maintenance 117

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

Considering how the following external factors could be affecting the market is therefore vital: Domestic travel, whether larger or smaller markets, domestic travel can contribute highly to your performance. The same applies to Non-domestic travel. Be prepared to add the following fees to your budget: Initial fee.

Definition 52

Definition Marketing Budgeting Article 52