eHotelier
MAY 9, 2024
Effective pricing strategies are crucial for capturing consumer attention and driving sales. Leveraging psychological biases and tricks can profoundly influence consumer perception and behavior, so let's explore several proven pricing strategies that smartly use human psychology to enhance business success.
MEWS
MAY 9, 2024
What is Average Daily Rate (ADR)? An Average Daily Rate is an important hotel KPI that’s based on calculating the average rate or price of a hotel room sold on any given day. As mentioned, this rate is super helpful for comparing how well your hotel is doing versus hotels of a similar caliber. Ultimately, it’s one of the most important metrics when looking to draw conclusions from hotel data analytics.
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eHotelier
MAY 9, 2024
Dusit Hotels and Resorts, the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies, has signed an agreement with Pearl Atoll Pvt Ltd to manage dusitD2 Feydhoo Maldives – a 125-key lifestyle resort on a private island near the main island of Malé.
EATER
MAY 9, 2024
Less than a decade ago, it was routine to find great wines under $40 at top New York City restaurants. What happens when even entry-level wines feel like luxury items?
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
eHotelier
MAY 9, 2024
IHG Hotels & Resorts introduces its first collection brand to Kuwait as Arabella Beach Hotel Kuwait, Vignette Collection opened on 6th May 2024. Prominently positioned on the Arabian Gulf shoreline, the 195 room property joins IHG’s growing Luxury & Lifestyle portfolio – now the second largest in the world – to mark the GCC region’s second Vignette Collection, following Th8 Palm Dubai Beach Resort Vignette Collection’s opening in Summer this year.
EATER
MAY 9, 2024
Now you can fill up an empty Graza bottle with more Graza. | Graza The brand just launched refill cans of its TikTok-famous olive oil I have a confession: When that neon green nib of Graza pops into one of my cooking videos , despite my attempts to not get it in frame, it’s not always Graza coming out. More likely, it’s another brand of olive oil, which I’ve bought in bulk and then poured into the Graza bottle.
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
Lodging Magazine
MAY 9, 2024
CHICAGO, Illinois—Hyatt Hotels Corporation reported first quarter 2024 results. Highlights include: Mark S. Hoplamazian, president and CEO of Hyatt, said, “The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter. Our pipeline also reached a new record, expanding 10 percent year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5 percent.
eHotelier
MAY 9, 2024
Capella Hotel Group is delighted to announce the appointment of Ivy Kwan as Senior Vice President of Sales and Marketing. Joining the group on 1 April 2024, Kwan brings with her a distinguished track record of success in the luxury hospitality industry.
Lodging Magazine
MAY 9, 2024
Booking.com reports that searches for accommodations by families for the summer travel season are already seeing an 8 percent increase as compared to last year, while flight searches globally are seeing an increase of 21 percent. These figures underscore an interest in travel this summer, as families look to make the most of the warmer months ahead.
eHotelier
MAY 9, 2024
Last week, Choice Hotels International concluded its 68th Annual Convention in Las Vegas, NV, one of the largest to date. Over the course of three days, Choice provided owners and operators with a roadmap on how together they will capitalize on their competitive position to capture the growing demand for travel. Choice announced the relaunch of Park Inn by Radisson and its strategic repositioning into the premium value space.
Speaker: Jennifer Hill
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Lodging Magazine
MAY 9, 2024
Sage Hospitality Group announced Justin Fowler as chief operating officer for Sage Restaurant Concepts, overseeing more than 50 restaurants, bars, cafes, and venues in the SCR portfolio. Hospitality Ventures Management Group announced the company has named Linda Philp as senior vice president and chief financial officer. She will be responsible for the company’s accounting, financial reporting, and risk management functions.
eHotelier
MAY 9, 2024
Today, Jumeirah unveils its new brand identity marking a key milestone in its growth strategy to double the size of the portfolio by 2030. The new visual identity is the first stage in a journey of brand evolution designed to inspire a new perspective of luxury for discerning travellers. Building on its origins and reputation for generous hospitality, the move will see Jumeirah reaffirm its position as an industry pioneer, with curated experiences that shape perceptions and trends.
Lodging Magazine
MAY 9, 2024
PLANO, Texas—Aimbridge Hospitality, a leading, global hotel management company and the world’s largest third-party hotel operator, today announced Eric B. Jacobs as its new Chief Global Growth Officer, effective June 2, 2024. Jacobs will sit on the organization’s executive leadership team and report directly to Craig S. Smith, Chief Executive Officer.
eHotelier
MAY 9, 2024
As Sophisticated Lodging Professionals, you know the Tax Savings strategy and benefits of a Quality Cost Segregation Study. You know, and understand, that a Quality Cost Segregation Study looks at all Commercial Non-Residential 39-Year Property, and all Commercial Residential 27.5-Year Property, and reclassifies a percentage (%) of that Property away from long-lived 27.5 & 39-year Tax Depreciable Property to short-lived 5, 7 & 15-year Tax Depreciable Property.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Revenue Hub
MAY 9, 2024
Let’s talk about something revolutionary, yet as ancient as commerce itself: value-based pricing. It’s time to ditch the old-school, cost-plus mentality and hello to a pricing strategy that actually makes sense for your independent hotels. NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date The Cost-Plus Conundrum Traditionally, hotels and other hospitality entities have leaned heavily on the cost-plus model.
eHotelier
MAY 9, 2024
The Hotel Show 2024 is emerging as a global hospitality showcase with organisers dmg events revealing 28 countries have confirmed they will mount national pavilions at the event, which runs at the Dubai World Trade Centre (DWTC) from 4-6 June.
Revenue Hub
MAY 9, 2024
Ski resorts are likely familiar with the ebb and flow of business throughout the year. The bustling peak season fills your rooms and restaurants, but crowds disperse during shoulder season. However, that doesn’t mean that all business has to cease. NB: This is an article from Knowland Subscribe to our weekly newsletter and stay up to date For ski resorts, shoulder season is a golden opportunity waiting to be seized, even when the snow melts.
Modern Restaurant Management
MAY 9, 2024
Choosing the right meat supplier is crucial for restaurants aiming to offer top-notch meals that leave a lasting impression on their patrons. The quality of meat can dramatically affect the taste and overall experience of a dish. Here are several key tips for selecting a meat vendor that meets high-quality standards, ensuring that the meat you serve is of the best quality possible.
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Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.
Revenue Hub
MAY 9, 2024
In the dynamic world of hotel revenue management, it’s not just about filling rooms; it’s about maximising every opportunity. One powerful strategy that top-tier hoteliers swear by is Length of Stay (LOS) optimisation. By enticing guests to extend their visits, hotels can skyrocket their revenue, fine-tune occupancy rates, and deliver an unforgettable guest experience.
SAS
MAY 9, 2024
I've been fortunate to work on advanced analytics, machine learning and AI for more than 25 years. It’s more than a job. It’s my passion. So naturally, I was very interested in tuning into Microsoft AI CEO Mustafa Suleyman’s TED talk, What is an AI anyway? From my perspective, Mustafa [.] AI: A ‘new digital species’?
Revenue Hub
MAY 9, 2024
Metasearch serves as a powerful tool for hotels, wielding considerable influence within the online travel sphere. Established giants like Expedia, TripAdvisor, and Booking.com have long leveraged this platform to funnel bookings towards hotels. NB: This is an article from gcommerce Subscribe to our weekly newsletter and stay up to date However, while these bookings once seemed advantageous, they often come at the expense of reduced profitability for hotels, which prompts a strategic pivot toward
Hospitality Net
MAY 9, 2024
Choice Hotels International, Inc. (NYSE: CHH), one of the world’s leading lodging franchisors, today reported its first quarter 2024 results.
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Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
Revenue Hub
MAY 9, 2024
Following several months of adaptation, on the 19th of January Google began to roll out changes it made in order to comply with DMA (Digital Markets Act) requirements; a roll-out that finished on the 7th of March. NB: This is an article from mirai , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Just days after the first changes were implemented, we began to see how they influenced hotel campaigns in Google Hotel Ads.
Hospitality Net
MAY 9, 2024
A deep understanding of your hotel compset is crucial for the continued success of your property. Your comp set identifies who your competitors are, and what they offer. By discovering all this valuable data, you understand how consumers are comparing hotel operations and choosing where to stay based on this information.
Revenue Hub
MAY 9, 2024
Why do commercial strategy silos persist? Here’s a perspective from a marketer, undoubtedly biased but fueled by a desire for unity and efficiency. NB: This is an article from Cogwheel Marketing , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Constructing a Champion Football Team Imagine if sales were the offense, the unit charging forward to score goals or points.
Hotel Business
MAY 9, 2024
Hyatt Hotels Corporation , for the first quarter ended March 31, reported comparable systemwide hotel RevPAR increased 5.5% compared to the same period in 2023. In the U.S., RevPAR was up approximately 2%, excluding the impact of Easter. “The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter,” said Mark S.
Speaker: Joe Sharpe and James Carlson
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
Lodging Magazine
MAY 9, 2024
WASHINGTON—Placemakr announced an expansion across Texas with four new property launches, bringing the company’s total operations to over 800 units in the state. The expansion includes the acquisition of Placemakr Downtown Austin, formerly named 3Waller, a 259-unit property in the heart of downtown Austin, marking the sixth property acquisition for Placemakr.
Hotel Business
MAY 9, 2024
Aimbridge Hospitality has appointed Eric B. Jacobs as its new chief global growth officer, effective June 2. He will sit on the organization’s executive leadership team and report directly to CEO Craig S. Smith. As chief global growth officer, Jacobs is set to oversee all aspects of growth and development, leveraging his more than three decades of North America and International leadership across development, operations, brand creation and brand positioning to grow Aimbridge’s hotel roster and h
Lodging Magazine
MAY 9, 2024
Marketing is an essential and multifaceted effort that begins with creating a hotel narrative and value proposition, conveying it through physical and digital channels, and then measuring results—quantitatively when possible. As the leader of a full-service in-house agency, Michael Cady, chief marketing officer, Charlestowne Hotels, shares his recommendations in several key areas: 1.
Hotel Business
MAY 9, 2024
Nashville-based hospitality development and management company Oliver Hospitality has appointed Chett Abramson as president. He brings three decades of senior leadership experience to the company, with his background in hotel, food and beverage operations. Previously serving as COO, Abramson played a pivotal role in Oliver Hospitality’s expansion and operational efficiency, according to the company.
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
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