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Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here's a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.
Twenty twenty-three, began with a banking crisis and ended with the highest interest rates America has seen in fifteen years. It also ended with continued economic growth and low unemployment, making it a profitable, yet challenging year for small businesses in the food service industry. Continued Fed tightening made borrowing to fund growth more expensive, while a tight labor market meant challenges finding talent and higher labor costs.
What is hotel pricing intelligence? Hotel pricing intelligence involves analyzing, gathering, and using data to make informed pricing decisions based on room rates and various pricing strategies. This process includes closely monitoring pricing within your comp set, market demand, booking trends, and other factors that directly affect revenue and profitability.
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.
Ace Hotel Sydney, a newly developed, multi-award-winning property in the city’s CBD, has been listed for sale. The property is subject to a management agreement with Ace Hotel Group and is the brand's first foray into the Southern Hemisphere.
This response says nothing. | Lille Allen No one wants to know what you order for the table Phone number, name, email, birthday. Those are the first four questions the online dating application Hinge asks when signing up for a new profile. Easy enough, there’s only one answer for each. Then comes the photos section, and the app demands at least four but will accept up to six.
IHG Hotels & Resorts has appointed Marcello Ventisei as the new cluster general manager for Kimpton Blythswood Square and voco Grand Central, succeeding Daniel Moran who took a position at Kimpton's Edinburgh location last August.
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IHG Hotels & Resorts has appointed Marcello Ventisei as the new cluster general manager for Kimpton Blythswood Square and voco Grand Central, succeeding Daniel Moran who took a position at Kimpton's Edinburgh location last August.
David Moir/Bravo Five takeaways from the Season 21 premiere On Wednesday night, Top Chef headed to Milwaukee, Wisconsin for the start of Season 21. The long-running chef competition show promised a lot of changes for the new season, including a brand new host: Top Chef season 10 winner Kristen Kish. Kish replaced Padma Lakshmi, who left the series after 17 years to work on other television projects.
Radisson Hotel Group is pleased to announce the appointment of Nikhil Sharma as the Managing Director and Area Senior Vice President (ASVP) for South Asia, effective April 1, 2024.
The hospitality industry is constantly trying to keep up with ever changing consumer demands. Some of the key factors driving the change include generational shifts, technology developments, increased ESG compliance requirements, more demand for personalised experiences and finally the blurring of lines between business and leisure travel. NB: This is an article from Deloitte Subscribe to our weekly newsletter and stay up to date Shift in corporate travel patterns Since the pandemic, there has b
Mews, the industry-leading hospitality cloud and winner of Best PMS at HotelTechAwards 2024, has been selected by AMEK Group as a preferred PMS partner for its portfolio of AKEN Hotels & Resorts across America.
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.
In the world of business, there’s been a long-standing belief that customer loyalty reigns supreme. We’ve seen companies pour resources into loyalty programs and retention efforts, all in the pursuit of keeping customers coming back for more. NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date But, is our obsession with loyalty blinding us to the potential benefits of focusing on customer acquisition?
VisitEngland’s Easter Trip Tracker survey, published today, indicates that 11 million Brits are definitely planning an overnight holiday trip in the UK for the Easter weekend, bringing an estimated £3.2 billion boost to the economy.
Have you ever bought chocolate or chewing gum in a grocery store at the checkout? Sure you have, and so have your clients when buying a room in your online store or website. However, only a low percentage of hotels offer extras to their clients to purchase on top of the room. They are the exception. NB: This is an article from mirai , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date The rest may have beautiful online stores but with empty checkout lanes that prev
The partnership will enhance communication and service accessibility along with paper savings, thanks to a Guest Experience OS that provides them with both a Guest App and Staff digital solutions.
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.
Constructed in the 1950s, the El Prado Inn in Santa Barbara, CA, was one of the only examples of the mid-century modern style in the city and was designated a Structure of Merit. Today, it is the Courtyard Santa Barbara Downtown following a transformation designed by Seattle-based Degen & Degen. The hotel’s new lobby “We were inspired by the idea of optimism,” said Anita Degen, managing principal, Degen & Degen. “Making a connection between the attitude at the tim
IRIS, a global leader in digital ordering for the hospitality industry, today announces a suite of new features which are now available across its mobile ordering platform. Each one has been developed to positively impact operational efficiency and revenue for operators at the back end, whilst at the same time enhancing the guest experience to encourage orders and loyalty at the front end.
Welcome to the regular Q&A feature where we shine the spotlight on our EHL research faculty and their current work. With a view to going behind the scenes to better understand the fascinating, impactful world of research, the EHL Institutional Visibility team will be regularly catching up with an EHL researcher whose work is making a difference in both classroom and industry.
Previously, we published the Diversity, Equity, and Inclusion Defined article by Gissell Moronta, which gave you an understanding of the terminology and why DEI is important.
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.
On April 8th, there will be a total solar eclipse that traverses North America. Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway.
Access Point Financial (APF) has unveiled its PIP Renovation Program designed to support hotel owners in meeting franchisor-mandated improvements and refreshing their assets. The program allows owners to access capital for the costs involved in completing required renovations. Additionally, it can include CapEx loans for a property refresh that is not associated with a franchisor-mandated PIP. “At APF, we understand the dynamic needs of hotel owners in the current marketplace,” said
Kalahari Resorts & Conventions’ owners the Nelson family has announced the development of a new luxury resort in the US state of Wisconsin. The post Kalahari Resorts and Conventions to develop new luxury resort in Wisconsin appeared first on Hotel Management Network.
Marriott Executive Apartments, part of Marriott Bonvoy’s global portfolio of over 30 extraordinary hotel brands, today announced it’s debut in the Australia, New Zealand and Pacific Region with the opening of Marriott Executive Apartments Port Moresby. The waterside property in the heart of Port Moresby, Marriott International’s first in Papua New Guinea, is set within the mixed-use development of ’Harbourside South’ and offers Marriott Executive Apartments’ signature luxury apartments with prem
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.
Meet Kunal Banerjee, a seasoned professional whose journey in hospitality and technology has been defined by resilience, adaptability, and a relentless pursuit of excellence. Starting his career as a Front Office Assistant, Kunal was motivated by the quality of work-life balance and making a positive impact , whether on a small or large scale. These qualities drove him to choose STAAH as a Business Development Manager amidst the turbulent seas of the COVID-19 pandemic, where his path took a tran
As background for those not from Canada, Tremblant is a picture-perfect ski village under two hours northwest of Montreal in the Laurentian Mountains. With numerous small hotels, chalets, lodges and short-term rentals to choose from, Tremblant is perhaps the closest thing that North America has to a charming French of Swiss alpine town, wherein the 312-key Fairmont Tremblant has always stood at the luxury resort pillar of the destination since its opening in 1996.
Seeking unique travel experiences will remain a robust trend in a growing global tourism market in 2024, which has major implications for hotel operators. Predictions paint a rosy picture for travel in 2024. UNWTO expects international arrivals to finally return to pre-pandemic levels, and even exceed 2019 figures by 2%. Airline connectivity may further rise this year from 89.5% of pre-pandemic levels in 2023, IATA said.
Art’otel, the contemporary lifestyle hotel brand owned by PPHE Hotel Group, is set to open Art’otel London Hoxton on 24 April 2024. The hotel is located in the heart of Shoreditch, close to Old Street Underground station and signature artist D*Face will take centre stage of the hotel’s concept and design. One of the standout features of the exterior, alongside its two Banksy original artworks on public display, is its cogwheel design.
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.
The technological landscape has been dramatically reshaped by the evolution of Artificial Intelligence (AI), marking a new era where automation and smart technologies are at the forefront of innovation. In the hospitality industry, AI’s impact is becoming increasingly significant, offering unprecedented opportunities to enhance hotel operations and guest experiences.
Making a great first impression is crucial—especially for hotels looking to attract guests. In the online world, first impressions are tightly linked to your website's design. From the moment they land on your page, guests need to be hooked. 5 Visual Design Tips for Your Hotel's Website The undeniable power of visuals lies at the The post 5 Visual Design Tips to Boost Your Hotel Website Conversion Rates appeared first on Revfine.com.
LBA Hospitality, a leading hotel management company and award-winning operator of over 100 hotels is proud to announce the opening of Residence Inn Galveston Island on Monday, March 11, 2024. Situated at 4028 Avenue U in the heart of Galveston Island, the new property offers a prime location near Pleasure Pier, the Downtown Strand, and Galveston Beach.
What initially inspired you to get into the hospitality business? I’ve always loved travel and frequently found myself fascinated by historic hotels from an early age. Like many, I began in food and beverage and transitioned into hotel operations before finally landing in the design and development world. I’m in love with this side of the business–it combines my passion for travel and my love for architecture and design.
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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