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Catering to Millennial Travelers: How the Hospitality Industry Is Adapting to Their Preferences

Hospitality Net

In today’s ever-evolving hospitality landscape, one demographic stands out as a significant and growing force in shaping industry spending: millennials. In this blog post, we will explore how millennials impact spending in the hospitality sector and how hotels change their purchasing practices to meet these evolving customer needs.

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Today’s news in brief – 8/2/24

Hotel Owner

The hotel was sold to a private, first-time buyer with experience in hospitality. However, the hospitality body insists that these protections should apply to all businesses, not just those meeting the “Small Business Consumer” criteria. Simon Watson, the business agent at Christie and Co, facilitated the sale.

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The benefits of short-term stays for hotels

Hotel Business

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. By offering rooms for shorter pockets of time, hotels can capitalize on periods of low occupancy and maximize their revenue potential.

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Wyndham to add 16 LuxUrban hotels to Trademark Collection

Hotel Business

“We created Trademark Collection by Wyndham specifically to cater to the needs of operators like LuxUrban,” said Chip Ohlsson, chief development officer, Wyndham Hotels & Resorts. The agreement also paves the way for additional LuxUrban hotels—including any locations not yet acquired—to join Trademark in the future.

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Momentus Hotels & Resorts announces the launch of its first serviced apartment, Momentus Serviced Residences Novena

Hospitality Net

Nestled in the heritage-rich enclave of Balestier at 12 Shan Road and in close proximity to medical hubs, the official launch reflects Momentus’ unwavering commitment to meet the evolving landscape and lifestyle of today’s travellers, catering to guests who seek longer and more immersive experiences.

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Travel Experiences in a Digital First World: Preparing for Disruption with the Rise of AI

Hospitality Net

More than ever, today’s businesses face pressures to evolve rapidly, catering not only to the demands of their customers but also the emergent technological landscape. The last 3 years have brought unforeseen challenges to the travel industry and accelerated the need to simplify.

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Understanding EBITDA for Restaurant Owners

Synergy Suite

One crucial aspect of this financial landscape is EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization. This metric is calculated by adding back interest, taxes, depreciation, and amortization to net income. Earnings : This represents your restaurant’s net profit, the bottom line of your income statement.