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Maximise Your Budget: How Hospitality Procurement and P2P Software Drive Financial Efficiency

Hospitality Net

Creating a robust budget is essential for any company’s planning and operations. Often, they exclude procurement, a crucial player in managing expenditures, from the budgeting process. Yet, many hospitality organisations need to leverage all their resources and expertise.

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The Travel Rate Debate: Selecting Dynamic vs. Fixed Hotel Pricing

Revenue Hub

NB: This is an article from CWT Subscribe to our weekly newsletter and stay up to date With the hotel sourcing season well underway, many corporate travel and procurement teams are likely trying to figure out which hotel pricing model makes the most sense for their programs. Which Rate Is Best?

Pricing 108
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Methods in the Madness: Insiders share their budgeting approach

HotStats

Budgeting is like training for an Olympic marathon. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events.

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Corporate Procurement Leaders Cite Challenging Travel Market Dynamics, Growing Need to Leverage All Segments As 2024 Supplier Negotiations Begin

Hospitality Net

With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter.

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Why The Digital Markets Act Interpretation is Causing Issues

Revenue Hub

Travelers have understood that the best product offering and purchase experience should be found on the direct supplier outlets (web, contact center or social media) when the incumbent has a clear B2C strategy and adequate levels of investment and focus on the final customer plus the required technology and marketing budgets.

Marketing 109
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Methods in the Madness: Insiders share their budgeting approach

Hospitality Net

Budgeting is like training for an Olympic marathon. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events.

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Bracing for Budget changes: hotelier insights

Hotel Owner

When the Autumn Budget 2024 was announced, the impact on the hospitality sector was immediately clear. Staffing efficiency is critical The Budget hits employment costs the hardest, so this is the primary area hoteliers have been looking at. Heres what hoteliers are saying. For more information contact Guestline.