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Each day is a new chapter in an RM's ongoing story of navigating the complex waters of hotel revenue management. Above all is the goal of communicating with other stakeholders to drive the asset performance forward.
Why do you need to know the different types of hotel guests? Defining your ideal hotel guest enables you to develop strategies, offers, and communications that specifically appeal to this demographic. Certain guest personas will gravitate towards your brand more than others, whether due to location or the hotel's ambiance.
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced the opening of its first dual-branded avid hotels and Candlewood Suites property in North Platte, Neb., following the prototype’s launch in 2021.
Don’t be bland Everyone has different tastes, and nothing exemplifies this like Eurovision. Past winners include perfectly pitched Swedish pop, a Portuguese-language jazz waltz and Italian glam rock. Songs that do well can come from any genre, but the key is that they commit and feel authentic.
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.
Tasmanian urban regeneration specialists, Red Panda Property, announced today that Accor, Australia’s largest hotel operator, will manage its first hotel project - a five-star Pullman hotel in the heart of Launceston – under a hotel management agreement.
Building on decades of Korean Mexican cuisine in the city’s Pequeño Seúl, restaurants are crafting menus with global influences and attracting new customers The smells of Korean barbecue and Mexican street food mingle in the air of Zona Rosa, a central neighborhood of Mexico City. They hint at the longtime mixing of cultures within the busy corridors of Paseo de la Reforma and Avenida Insurgentes, which anchor Pequeño Seúl (Little Seoul).
The Chairman of The Lux Collective ("TLC") global luxury hospitality group, Arnaud Lagesse, has announced the appointment of Olivier Chavy as its next Chief Executive Officer.
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The Chairman of The Lux Collective ("TLC") global luxury hospitality group, Arnaud Lagesse, has announced the appointment of Olivier Chavy as its next Chief Executive Officer.
Dilek Baykara From crackers to crepes to chocolate cake, there are plenty of uses for excess starter I’ve had a sourdough starter for years, but I’ve only baked a loaf a handful of times. Making bread well takes a balance of meticulousness and artistry. You need a deep understanding of your starter’s quirks, and a scrupulous handle on the ratios, time tables, and measurements needed to make a beautiful loaf.
The St. Regis Longboat Key Resort, opening this summer, is proud to introduce its exceptional leadership team, handpicked to deliver an unparalleled guest experience.
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc., one of the world's largest lodging franchisors, announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
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.
STAAH, the leading New Zealand-based hospitality solutions provider enabled Jammu & Kashmir’s crown jewel – The Khyber Himalayan Resort & Spa – to seamlessly and effectively streamline its online booking process and boost revenues through its Max Channel Manager The sprawling 85-room luxurious estate, which attracts leisure and business premium travelers from across the world, has seen a surge in room demand post the pandemic.
Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into management agreements with Knowledge Economic City (KEC) for two new Hyatt-branded hotels, Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. Set to open in a highly anticipated development, Knowledge Economic City in Madinah, the properties will add a combined 576 keys to Hyatt’s portfolio in the Kingdom of Saudi Arabia (KSA).
Guests staying at Home2 Suites by Hilton now have access to seamless mobile ordering and delivery via Grubhub Onsite, available at nearly 600 properties nationwide. With access to Grubhub’s Marketplace of more than 355,000 merchants, guests who affiliate with their hotel will receive one free month of Grubhub+, Grubhub’s loyalty program that provides customers unlimited $0 delivery fees on eligible orders.
The Cendyn World Tour kicked off in New York City, Tuesday 23rd April, as part of a ten-date globetrotting adventure of innovation, connection, and industry transformation with leading technology partners.
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.
Peachtree Group has promoted 15 executives to support its strategic business initiatives. “We are delighted to announce our latest promotions, recognizing these team members as senior leaders within our company,” said Greg Friedman, managing principal/CEO, Peachtree Group. “Investing internally in our people is key to our success, and their expertise, strong leadership, innovative thinking and commitment represent the best of our firm.” Team members promoted to assistant VP or
In the hospitality industry, managing multiple properties transcends simply expanding the number of locations; it involves elevating the guest experience to new heights. At the core of this strategy is the creation of a unified guest profile, ensuring that guests enjoy a seamless experience across different venues within the same hotel chain. This integration is not just convenient but essential for fostering guest loyalty and enhancing satisfaction.
Dream Downtown in New York City announced the appointment of Sean Olmstead as the new general manager. With over 24 years of experience in the hospitality industry, Olmstead will be overseeing day-to-day operations. The JW Marriott Saint Maarten Beach Resort and Spa has appointed Wendell Laurence as its head executive chef. With over 15 years of experience and native to the island of St.
AI is already emerging as a game changer in the hospitality industry, reshaping guest experiences and revenue strategies for hoteliers. Shifting to AI-driven platforms like chatbots, visitors expect immediate, relevant information, transforming online interactions. NB: This is an article from The Hotels Network , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date This article explores the impact of these technologies on the booking journey and 2024’s hospital
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.
Today, more than ever, people research any service or future purchase online before making a decision because they can easily access information through many devices and channels. 51.4 % of travelers prefer to scan feedback going directly to the source – the website of the hotel. The second preferred platform for consulting feedback is Google – used always or often by 47.5% of respondents.
During its 68th annual convention at the Mandalay Bay in Las Vegas, Choice Hotels International Inc. revealed the relaunch of Park Inn by Radisson. As part of the strategy with the company’s acquisition of Radisson Hotels Americas in 2022, the brand is being repositioned into the premium-value conversion space. “The relaunch of Park Inn by Radisson into the premium value conversion space underscores our commitment to delivering an unparalleled guest experience, inspired by the simplicity and vib
In today’s dynamic hospitality landscape, effective communication with hotel guests has become more crucial than ever. Leveraging mobile messaging platforms has emerged as a cornerstone strategy for hotels aiming to enhance guest experiences and streamline communication processes. NB: This is an article from Chatlyn , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date We delve into the multifaceted realm of hotel guest mobile messaging, exploring its evol
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.
Plugging the huge shortage of staff in the hospitality sector is a narrative we’ve been grappling with for years now. People are no longer surprised to hear that there are more than 100,000 vacancies in hospitality at any one time, nor that the proportion of vacancies has increased by 48% since the Covid-19 pandemic (UK Hospitality).
There are over 18 million guest rooms and 1,200 hotel brands worldwide. CoStar forecasts room demand to reach an all-time high this year. In fact, hotel occupancy is expected to increase by 2.5% globally and the average daily rate (ADR) is projected to grow by 4.9%. Statista estimates that 2,707 hotels will open their doors globally in 2024. NB: This is an article from TCRM Subscribe to our weekly newsletter and stay up to date This follows on the heels of 1,842 hotel openings in 2022 and app
Hospitality Net and Hospitality Financial and Technology Professionals (HFTP®) are collaborating on a brand-new survey which aims to gather and analyze data on current investment trends, funding needs, future investment priorities, technology adoption rates, and the overall market dynamics within the hotel technology ecosystem. The objective is to identify areas of growth, potential investment opportunities, challenges facing the sector, and how technological innovations are shaping the future o
Digital Trends in the Tourism Industry Digital tourism trends encompass the growing integration of digital technologies in the tourism industry. These trends include virtual reality experiences, online booking and planning tools, personalized travel recommendations through AI, and the use of social media for destination marketing. They are important for enhancing the travel experience, making trip The post 5 Hot Digital Trends in the Tourism Industry appeared first on Revfine.com.
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.
In this interview, we'll be talking with Uli Pillau. Pillau founded Apaleo, the world's first API-driven property management platform for the hotel industry, based upon an API-first architecture. This has created a full development hub for the industry as a whole. Can you tell us a bit about The post Interview with CEO and Founder Uli Pillau of Apaleo appeared first on Revfine.com.
Nestled in the bustling heart of Yunnan Province’s capital, JEN Kunming by Shangri-La offers diverse and innovative experiences of "STAY", "EAT" and "SOCIETY" that mirrors the Spring City’s youthful pulse. The hotel’s prime location in Kunming’s First Ring CBD, coupled with its seamless connection to Metro Line 3, positions it as an ideal hub for both international explorers and local trendsetters.
When it comes to designing restaurants, creating spaces that rise above mere aesthetics requires a deep understanding of the guests who will be a part of the experience. Beyond the surface-level elements such as décor and spatial layout, as architects and designers we must acknowledge the significance of catering to the diverse preferences of each restaurant’s clientele.
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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