Revenue Hub

NOVEMBER 30, 2022

Distribution strategy in the hospitality industry is changing. Hoteliers are becoming more selective in how they think about managing channels, focusing on the value of partnership and net key performance indicator performance. NB: This is an article from IDeaS. Subscribe to our weekly newsletter and stay up to date.

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Reservations Pricing Book Accounting 83

Revenue Hub

OCTOBER 12, 2022

Beginning in the spring , we saw leisure demand surpass pre-pandemic levels globally with some markets reporting record-high reservation rates. Comprehensive business intelligence data is critical to inform strategic decision making across all aspects of hospitality – from revenue strategy, to marketing, sales, and operations.

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Budgeting Reservations Book Article 88

Hotel Business

MARCH 13, 2024

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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Revenue Hub

NOVEMBER 7, 2023

Plus, use our Excel template to collect the necessary data without relying on a PMS for seamless reservations history analysis. Offering insights into guest behaviours, booking patterns, and revenue streams, they are a critical asset for understanding the market dynamics and carving out a future-proof strategy.

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Download Article Pricing Definition 89

Hospitality Net

OCTOBER 20, 2023

In March of 2019, the group added Revinate Marketing to its toolset, excited by the opportunity to unify all the data across the entire portfolio.

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Marketing Reservations 45

Hospitality Net

MAY 16, 2024

Executive Summary Global Outlook CBRE Hotels Research is cautiously optimistic about hotel market fundamentals this year, as outlined in our 2024 Global Hotels Outlook report. Following a 33% drop last year, we expect investment activity to pick up in the second half of 2024 due to highly anticipated Federal Reserve interest rate cuts.

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Document Reservations Marketing 72

Hospitality Net

JANUARY 25, 2024

The battle for direct bookings has entered a new phase as online travel agents (OTAs) ramp up efforts to establish ownership of hotel guests and their booking journeys, a new report from hospitality technology specialist SHR Group reveals1.

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Reservations Book Marketing 90

Larry Mogelonsky

FEBRUARY 12, 2024

Can you measure its direct effect on net contribution? While the two of us are tremendous fans of helping a hotel evolve into a more data-driven organization, there is nevertheless an art to creating a successful hospitality operation. What’s it cost? Owned by the Rockefeller family, it was a hotspot for VIP clients and celebrities.

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Pricing Reservations Budgeting Catering 100

Hospitality Net

APRIL 11, 2024

The power or AI; Machine learning and how it is imperative to maintain market share and profitability. You also need a reliable central reservation system (CRS) that can distribute your rates and inventory across all your online and offline channels, ensuring consistency and accuracy. You have even implemented pricing automation.

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Pricing Reservations Marketing 63

Hospitality Net

APRIL 10, 2024

Hotel Centro Sonoma Wine Country is part of the Tapestry Collection by Hilton, a portfolio of over 120 original hotels that offer guests unique style and vibrant personality, encouraging them to connect to their destina.

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Reservations Marketing 68

Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications.

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Travel and Tourism L&D Marketing Pricing 130

Hospitality Net

MAY 3, 2024

Federal Reserve will not reduce borrowing costs, and some anticipate a resumption of raising rates by early 2025. A tight labor market and strong household net worth has led to remarkable resilience in U.S. Many now perceive that in the near term, the U.S.

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Reservations Marketing 51

Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. Within hospitality management, these data sets are most commonly associated with customer behavior and interactions.

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Pricing Marketing Training Book 98

Hotel Owner

OCTOBER 21, 2022

Due to the dynamic nature of the hospitality industry, data collection and analysis can often be pushed to the side, leaving management unsure of their property’s performance. Why are KPIs & data analytics important in the hospitality industry? . A KPI, or a key performance indicator, is a metric attached to a specific goal.

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Revenue Hub

OCTOBER 14, 2022

’ NB: This is an article from Net Affinity. As we hurtle towards the end of 2022, we’re looking ahead to 2023 and contemplating the trends, specifically ones related to technology, which will hold the hospitality industry in a firm grip. Read more articles from Net Affinity. How has 2022 fared for hotels?

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Customer Service Book Sanitation Article 60

Revenue Hub

OCTOBER 5, 2022

They represent the foundation of every sound strategy, whether you are marketing a brand, apologizing to your spouse, or pitching to investors. This observation rings especially true when we look to the world of hospitality, an industry in which brands live or die according to the ever-shifting preferences of travelers.

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Book Communication Article Marketing 85

Revenue Hub

JULY 26, 2023

With high inflation during the post-pandemic period, the good thing – let’s say – about hotel rooms has been that you can increase your prices to cover higher costs ,” observes Dimitris Mittas, chief executive of hotel and hospitality asset management firm Global Asset Solutions. Are we going to be able to outperform the market or not?

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Pricing Book Marketing Article 92

Hospitality Net

JUNE 14, 2023

An article published by Phocuswright suggested that the evolution DID/SSI, Decentralized Identifiers and Self Sovereign Identity, would transform a fragmented travel experiences market during the next decade. GenAI (Generative AI – Generative Pre-trained Transformers powered by ChatGPT) will accelerate that evolution.

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Reservations Article Training Marketing 72

Hospitality Net

DECEMBER 20, 2023

SAN DIEGO, December 20, 2023 — Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced the release of its highly anticipated ’Big Book of OTAs: A Hotelier’s Guide to Top Distribution Channels’ for 2023.

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Book Reservations Hospitality Management Marketing 52

Revenue Hub

JUNE 12, 2023

So, whether you are a hotelier seeking ways to improve your bottom line or a hospitality professional looking for insights into innovative revenue management strategies, this article is for you. The reason why CAC is pivotal in PORM lies in its direct impact on the net revenue and, thus, on the profitability.

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Book Blog Article Reservations 52

Hospitality Net

MAY 2, 2023

Although inflation rates are lower than this time last year, they still remain high, more than twice the Federal Reserve’s target. Federal Reserve officials have raised interest rates over the past year, and are signaling that more increases are still to come. percent as of March 2023, and the labor market remains very tight.

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Reservations Marketing 69

Hospitality Net

JUNE 20, 2023

(NASDAQ: MAR) today announced the highly anticipated opening of its 500th hotel in Greater China – Rissai Valley, a Ritz-Carlton Reserve. The milestone marks Marriott’s long-standing commitment to strengthening its presence in the region since entering the market close to 40 years ago.

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Reservations Marketing 59

Synergy Suite

JANUARY 12, 2024

How Restaurant Analytics Differ from General Business Analytics While both restaurant analytics and general business analytics focus on data-driven decision-making, restaurant analytics are specifically tailored to the unique environment of the hospitality industry. This metric is indicative of the overall profitability of the restaurant.

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POS Systems Information Pricing Accounting 52

Hospitality Net

OCTOBER 6, 2023

The Hospitality Sales and Marketing Association International (HSMAI) has announced the integration of the International Association of Reservation Executives (IARE) membership and program of work into HSMAI.

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Reservations Marketing 49

Hospitality Net

AUGUST 3, 2023

Flip.to, the marketing platform that helps reach, inspire, and win over travelers, is excited to announce it is now a Choice Hotels® Qualified Vendor (QV). to drive direct channel growth and convert LTR to revenue growth with impact tracked to reservations and in real time. tap Flip.to

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Reservations Marketing 47

eZee Absolute

DECEMBER 11, 2023

There are many channel managers in the market. It keeps track of reservations, manages check-ins and check-outs, and handles guest information. Some cater to specific markets, while others have a global reach. Real-Time Updates Time is of the essence in the hospitality business.

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Book Pricing Information Training 59

Hospitality Net

JUNE 20, 2023

The current course catalogue includes hotel digital marketing, sales, metasearch, prospecting, STR report analysis, front desk reservation sales training, data analytics and the catalogue continues to grow. The platform is tailored to meet the needs of hotel professionals seeking to enhance their skills and excel in their career.

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Training Reservations Marketing 51

SiteMinder

SEPTEMBER 12, 2023

Some are even limited to specific property types or markets. A market trend towards last-minute bookings also means hotels need to be more flexible in how they fill their beds, allowing bed banks like Hotelbeds to take a more granular approach to their partnerships. Let’s take a closer look. Who are the largest hotel wholesalers?

Travel and Tourism 52

Travel and Tourism Book Marketing Pricing 52

EATER

AUGUST 18, 2020

Property owners with bullish views and big cash reserves see no reason to give tenants any breaks Every day, David Helbraun feels like banging his head against the wall. High Street on Market isn’t the only popular restaurant to announce closure recently. George Wirt /Shutterstock. Why is this happening?” You can’t reason with a shark.

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Reservations Marketing Information 109

Hospitality Net

APRIL 24, 2023

(NYSE: CHH), one of the world’s largest lodging franchisors, launched the industry’s soft brand segment with the introduction of the Ascend Hotel Collection.

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Reservations Marketing 51

Les Roches

MARCH 20, 2023

In this article you will find some fun and interesting facts about the city which provides a home to one of the best hospitality schools in the world : Les Roches Marbella ! These include the natural sand dunes of “Las Dunas de Artola”, and the mountain park, Sierra de Las Nieves, declared by UNESCO as a Biosphere Reserve.

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Travel and Tourism Article Blog Reservations 98

InnQuest

NOVEMBER 21, 2022

As business started picking up again after the pandemic, inflation and the cost of living crisis worsened, threatening more uncertainty for the hospitality industry. Preferences vary widely in many aspects, so it’s important to make data-driven decisions on how to cast the net wide and please as many guests as possible.

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Housekeeping Book Property Management Pricing 130

Modern Restaurant Management

FEBRUARY 18, 2020

” Their answers touched on a variety of subjects including AI, virtual reality, virtual kitchens, staffing and retention, social media marketing, sustainability and third-party delivery. Elo’s Sonal Apte, vice president of retail and hospitality. Marketing efficiency and effectiveness. Reduce theft.

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Catering Marketing Customer Service Front of House 215

Modern Restaurant Management

JULY 7, 2020

BurgerFi’s estimated 2021 net company revenues and 13.6x We’re excited to continue innovating as the only 360-degree guest experience platform available on the market today that addresses every aspect of the guest journey, powered by a purpose-built CRM, robust operational tools and an automated marketing engine.”

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Accounting POS Systems Information Sanitation 192

Modern Restaurant Management

JUNE 12, 2020

metro is extremely valuable right now, and we know that Taffer’s Tavern will be perfect for a high-quality conversion in this market.” Taffer’s Tavern has partnered with Fransmart, the global leader in franchise development, to bring the concept to the top 40 major media markets across the U.S. . “The D.C.

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L&D Multi-Unit Operations Marketing Training 168

Modern Restaurant Management

OCTOBER 29, 2020

Lunchbox will also focus on acquiring top-tier talent and invest in further development on its platform and expand to new markets. He spent 55 years with the same company in the hospitality industry before starting Freddy’s. Personalizing marketing communications towards guest preferences and behavior.

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Catering Marketing Communication Events 143

7 Shifts

JULY 6, 2023

A three-month consulting gig turned into a six-month gig, which turned into a partnership at a hospitality company in Toronto. What do you reserve your budgets for - to invest in growth in people? We are paying top of market without collecting tips from our customers. What is the market charge? And it does. So I get it.

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Document Book Pricing Marketing 78