Remove Hospitality Net
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Best Steps and Practices to Create a Robust Hotel Budget

Revenue Hub

Planning a hotel budget is a critical task that ensures the smooth operation and financial health of your hotel. This guide will walk you through the essential steps, best practices, and expert advice to help you create a robust hotel budget. Without a budget, you risk financial instability and inefficiency.

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Today’s news in brief – 17/10/23

Hotel Owner

While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options. and budget hotels at £108.70. This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%.

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Unleashing the Power of AI for Smarter Hotel Marketing

Revenue Hub

In today’s competitive hospitality landscape, hoteliers are constantly seeking ways to stand out and attract guests. This includes demographics, web browsing history, current travel searches, and even local events that might influence travel decisions. Smarter Ad Spend: Marketing budgets are precious.

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Latest Cvent Planner Sourcing Report Reveals 67% of Planners Across Europe Have Increased Business Event Budgets Amid Rising Costs

Hospitality Net

Cvent, a market-leading meetings, events and hospitality technology provider, has published the latest instalment of the Cvent Planner Sourcing Report: Europe Edition October 2023.

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Today’s news in brief – 29/1/24

Hotel Owner

The University of Gloucester has partnered with renowned hotel brands, including Red Carnation Hotels, The Dorchester, JW Marriott Grosvenor House London, and PPHE Hotel Group, to offer the first-ever degree-level apprenticeship in hospitality management. The expansion aims to address the undersupply of budget hotel rooms in Ireland.

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The 2024 Group Business Forecast: Trends to Help Hotels Capitalize on the Back-to-In-Person Boom

Hospitality Net

In-person events are returning to their pre-COVID normal pace. This view is echoed in Accor’s data, which shows in their latest survey regarding client business travel that 57 percent of those surveyed anticipate a budget increase for travel in 2024 compared to 2023. Group business is back in a big way.

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The Secrets to Successful Catering

Modern Restaurant Management

You know exactly how many people you’re going to serve, how many portions will be provided, what the cost is, what you’re going to charge and what your net profit will be. Just like everything else in hospitality, there are guidelines that make for more successful outcomes. And you’re getting them for free!).

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