article thumbnail

Resort Management Challenges. Manage a Resort Efficiently

Hotelogix

While you create unique experiences for your guests, managing daily operations is crucial to ensure smooth functioning and profitability. Below are the key tips for efficiently managing your resort property using modern management systems.

article thumbnail

Hotel pricing strategies and why it’s vital to understand them

Les Roches

If you want a career in hotel management , you’ll need to be familiar with many aspects of overseeing a hospitality venue, including hotel pricing strategy. In this article, we’ll go over what hotel pricing strategy is and have a closer look at specific strategies different hotels and resorts use.

Pricing 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CoralTree debuts vacation rental collection

Hotel Business

CoralTree’s parent company, Lowe, launched its hospitality management business in 1973 to provide residential resort management services. In late 2023, we substantially grew our portfolio of vacation rentals and are excited to further expand, operationalize and brand this collection to highlight our expertise in this area.”

article thumbnail

Hyatt to launch Homes & Hideaways by World of Hyatt

Hotel Business

Lowe’s hospitality management subsidiary, CoralTree Hospitality Group , will assume management of the rental units, HOAs and resort properties included in the transaction. The management business will be rebranded by Lowe and CoralTree.

article thumbnail

How do hotel management companies make money?

Les Roches

Mark-up on supplies and services Hotel management companies often generate additional revenue through mark-ups on supplies and services provided to the properties they manage. They use their purchasing power to buy goods and services in bulk at lower costs, then charge the hotel a marked-up price for smaller quantities.

article thumbnail

Navigating management in the hospitality industry: Tips for success

Les Roches

Options include resort management in the hotel industry , corporate roles such as project administration and HR positions, entrepreneurial ventures or event planning. Revenue management and hospitality management Effective­ revenue manage­ment is essential in the­ hospitality industry, particularly for hotels.

article thumbnail

Hotel customer service: what is it, and how can it become a career?

Les Roches

Providing excellent customer experience will also allow a hotel to maintain a higher price point, helping improve profits. The other factors that affect guest satisfaction in the hotel business include the amenities, what the hotel offers and price or value for money. How does hotel customer service impact guest satisfaction?