Hotelogix

JULY 18, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. What is Hotel Forecasting?

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Guest Satisfaction Budgeting Book Pricing 130

Revenue Hub

AUGUST 28, 2024

Small hotels must constantly find innovative ways to increase their occupancy rates in the competitive hospitality industry. To successfully capture overflow business, small hotels need to monitor local event calendars and market trends closely.

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Events Strategic Planning Article Marketing 108

Revenue Hub

OCTOBER 8, 2024

Hotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. Expert opinions : Engages insights from hotel management and operational staff to understand local market dynamics.

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Strategic Planning Revenue Projections Article Information 108

Revenue Hub

OCTOBER 8, 2024

The hotel shoulder season – those quieter months between the peak and off-peak travel periods – presents a unique opportunity for hotels to increase revenue while navigating a slower pace. What is Shoulder Season in the Hotel Industry? Peak seasons are when hotels can charge premium rates due to high demand.

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Pricing Strategic Planning Article Catering 103

Revenue Hub

JUNE 11, 2024

The role of a Hotel Manager (or General Manager) is multifaceted, requiring a blend of leadership, operational expertise and the ability to develop and oversee the execution of strategic business goals. The Art of Hospitality At its heart, hospitality is about creating exceptional guest experiences.

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Strategic Planning Guest Satisfaction Article Pricing 103

Hotel Business

FEBRUARY 7, 2023

My Place Hotels of America has added Jeff Thomas as VP, marketing and Bruce Sneller as VP, leadership development to its executive team to bolster its support for its franchisees through additional investments in traditional, digital and social marketing efforts, and leadership development at the property level.

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Revenue Hub

MAY 10, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date Here’s a closer look at how to define your competitor set and leverage this knowledge to strategize to become the top hotel choice. This concept is crucial for strategic planning and operational adjustments in the hospitality industry.

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Strategic Planning Article Information Events 104

Revenue Hub

NOVEMBER 3, 2023

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. This is especially true for large hotel groups with multiple approval levels. In fact, many hotel teams already started planning for 2024 months ago. So, we try to finalise our budget as late as possible now.

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Budgeting Strategic Planning Article Accounting 107

Hotel Owner

SEPTEMBER 6, 2023

Meliá Hotels International has announced the appointment of Ángel Luis Rodríguez Mendizábal, vice president of joint ventures and portfolio management in the real estate area, as the new chief financial officer. He is highly regarded in the market and the financial and real estate fields. ” ​

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Revenue Hub

APRIL 17, 2023

NB: This is an article from Demand Calendar The main reason for forecasting is not competition in accuracy; it is to use the forecasts for planning to achieve a healthy profit. As the hotel owner focused on maximizing the return on investment (ROI), forecasting is critical in helping you achieve your goals in several ways.

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Strategic Planning Guest Satisfaction Pricing Information 95

Revenue Hub

DECEMBER 3, 2024

NB: This is an article from Upmail Subscribe to our weekly newsletter and stay up to date Here are five essential business development activities that every hotel sales team should prioritize: 1. Identifying and targeting potential clients involves research and strategic outreach to new prospects.

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Business Development Strategic Planning Book Article 84

Hotel Owner

JULY 19, 2023

Lucknam Park Hotel and Spa has made two appointments to its senior leadership team, with Nicola Payne joining as the new head of Sales and Events and Francesca Mannone as the new head of Marketing. Payne has also worked as a marketing manager at Expedia Group, a role that she held for the past five years.

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Strategic Planning Events Presentation Marketing 98

Lodging Magazine

MARCH 23, 2023

As I learned more about leadership, strategic planning, customer service and marketing, I was excited about the career path opportunities. Each division in hospitality teaches you a new skill set that can easily be transferable anywhere in […] The post Making Memories Every Day appeared first on LODGING Magazine.

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Strategic Planning Customer Service Magazine Marketing 111

Hotel Business

OCTOBER 12, 2023

In this role, Anderson leads several of the organization’s key functions including sales and marketing, group sales and resort operations. ” Anderson joined Odyssey Resorts in 2022 as VP, strategic planning, and has more than three decades of experience in the hospitality industry.

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Revenue Hub

DECEMBER 13, 2023

What is the key to enhancing your hotel or lodging business’s revenue? 2) Harnessing Technology for Revenue Growth Technological integration is a game-changer in increasing hotel revenue. Revenue Management Software : These tools analyze booking data and market demand to inform pricing and availability decisions.

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Pricing Book Strategic Planning Information 108

Boutique Hotel News

MARCH 20, 2023

With more than two decades of experience in the travel and technology industry, Bhogaraju most recently held the role of general manager of revenue performance solutions at Expedia Group, where he was responsible for the strategy and execution of the group’s revenue management offerings for the short-term rental and hotel lines of businesses.

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Strategic Planning Customer Service Pricing Marketing 130

Boutique Hotel News

MARCH 20, 2023

With more than two decades of experience in the travel and technology industry, Bhogaraju most recently held the role of general manager of revenue performance solutions at Expedia Group, where he was responsible for the strategy and execution of the group’s revenue management offerings for the short-term rental and hotel lines of businesses.

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Strategic Planning Customer Service Pricing Marketing 130

Revenue Hub

NOVEMBER 23, 2023

Such were the perceived costs of meeting every page in the hotel brand book that, in the past, owners and investors have been tempted to move to flags with a lighter touch, distribution-only, soft brands. But even those hotels which don’t carry a distinctive neon sign or trademarked bed need investment.

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Strategic Planning Presentation Article Information 108

Revenue Hub

JANUARY 31, 2023

Have you planned business objective s for your property? Do you know what opportunities and challenges are ahead for your hotel and what initiatives you should implement to succeed? Subscribe to our weekly newsletter and stay up to date What is a hotel SWOT analysis? What does SWOT stand for?

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Strategic Planning Article Marketing Pricing 93

Hotel Owner

APRIL 29, 2024

In the hotel industry, the decision to sell a hotel can be both challenging and promising for hoteliers. Whether it’s to pursue new opportunities, consolidate assets, or respond to market shifts, the sale process demands careful consideration and strategic planning.

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Document Pricing Strategic Planning Information 97

Revenue Hub

NOVEMBER 13, 2023

NB: This is an article from Global Asset Solutions This is no less true for budget season, although for many in the hotel sector, it can also come with a sense of foreboding. Each plan should include S&M actions, deadline, cost and the ROI of each action and who is responsible for completing each action.

Budgeting 101

Budgeting Guest Satisfaction Strategic Planning Presentation 101

Social Hospitality

NOVEMBER 20, 2024

People travel more to visit family and friends during this time, leading to an overflow of events, restaurant reservations, hotel bookings, and other seasonal activities. This demand affects those in customer-facing roles and puts a lot of pressure on hospitality marketers. Incorporating giveaways can be particularly impactful.

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Revenue Hub

JULY 25, 2023

Hotel digital marketing is a highly competitive space. Step 1: Establishing your budget for optimum exposure This is the foundation of a successful paid search campaign for hotels. It allows marketers to allocate resources strategically, ensuring optimal exposure without overspending.

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Budgeting Strategic Planning Article Blog 94

Hospitality Net

MAY 15, 2023

The Indian Hotels Company Limited, India’s hospitality market leader, today reported its progress under Ahvaan 2025, a strategic plan with an objective of being the most iconic and profitable hospitality company in South Asia.

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Strategic Planning Marketing 92

Revenue Hub

JULY 19, 2023

Boosting profitability while maintaining high-quality service in city hotels is both an art and a science. Harness the Power of a Revenue Management System (RMS) Investing in a robust RMS enables hotels to analyze vast amounts of data for informed decision-making. Continue reading to discover them all!

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Pricing Article Strategic Planning Book 98

Revenue Hub

SEPTEMBER 12, 2024

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date In the rapidly evolving hospitality industry, hotel and lodging businesses must continuously adapt to stay competitive. For instance, if you decide to open a gourmet restaurant within your hotel, you’ll be competing with established local eateries.

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Catering Travel and Tourism Events Marketing 107

Revenue Hub

MARCH 19, 2024

NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Hotel BI refers to the process of collecting, tracking, analyzing, and understanding internal and external data to make informed revenue, sales, and distribution decisions. Well, that’s what BI does, and then some!

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Strategic Planning Information Article Budgeting 107

Hospitality Net

NOVEMBER 21, 2024

Paradores, Spain’s iconic hotel chain, has reaffirmed its trust in Shiji ReviewPro to support its ongoing efforts to enhance guest satisfaction and operational efficiency. This collaboration remains a key part of Paradores’ strategic plan, which prioritizes digital innovation and sustainability as essential drivers of future growth.

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Guest Satisfaction Strategic Planning Marketing 80

Revenue Hub

NOVEMBER 19, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date With strategic planning, restaurants can unlock the full revenue potential of holiday events and private dining. Pull data on past event clients to pro-actively market to them.

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Events Book Demo Strategic Planning 100

Hotel Business

MARCH 13, 2024

OTH Hotels Resorts (OTH), a Virginia-based hospitality ownership and management company with an asset portfolio valued at more than $775 million, has appointed James Hansen as the company’s new chief development officer. Prior to Hotel Equities, he served as VP, sales & marketing and asset manager for Kolter Hospitality.

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Travel and Tourism Business Development Strategic Planning Marketing 65

Revenue Hub

FEBRUARY 13, 2023

Hotels are used to the same old KPIs as every business in the industry. There is no link to the strategy if there is a specific one for the hotel. Subscribe to our weekly newsletter and stay up to date Hotel KPIs are useless unless they are linked to a strategy and have a goal to be reached at some point.

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Strategic Planning Article Definition Budgeting 98

Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

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Marketing Strategic Planning Travel and Tourism Communication 52

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. Hotel Owners. NB: This is an article from IDeaS.

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Pricing Marketing Information Strategic Planning 95

STAAH

MARCH 5, 2024

Crafting a strategic plan for guests to make direct bookings at your hotel is crucial, particularly for Gen Z visitors who appreciate technology and unique experiences. 1) Visual Storytelling Gen Z is a visually-oriented generation, and hotels can leverage this by investing in high-quality visual content.

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Book Strategic Planning Catering Marketing 91

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Other products such as hotel amenities and food and beverage offerings will also form part of the strategy.

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Pricing Book Budgeting Marketing 98

Hotel Owner

JUNE 30, 2023

In the past, the UK’s hotel industry has proved it can withstand adversity, having faced no shortage of challenges over the years — from economic meltdowns, World Wars, and most recently, a global pandemic. Investing in your team The hotel industry relies on a skilled and motivated workforce to deliver incredible service.

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Travel and Tourism Strategic Planning Procurement Concierge 105

Hotel Business

AUGUST 22, 2023

In his new role, Anhut will target franchise partnerships to develop new properties in key markets across the U.S. Additionally, he will leverage hotel conversion opportunities to transform existing properties into upscale destinations under WaterWalk’s operating model. Day School of Hospitality Administration.

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