Boutique Hotelier

NOVEMBER 16, 2022

The post EXCLUSIVE: Lucknam Park to expand crop of on-site cottages as demand grows appeared first on Boutique Hotelier. Lucknam Park, a five-star country house hotel near Bath, has revealed plans to expand its crop of on-site cottages, which are “contributing immensely” to the hotel’s success.

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Maintenance Book 92

SiteMinder

SEPTEMBER 27, 2022

The power of a simple and flexible tech stack to meet rising demands. In a period of accelerating consumer and economic change, the accommodation industry is being reshaped by a range of powerful external forces that can feel beyond its control. Expectations around technology in the era of hotel commerce.

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EATER

JULY 7, 2020

Uber is launching an on-demand grocery delivery service in Latin America and Canada, the company announced on Tuesday. Bookings in the company’s Uber Eats division were up more than 54 percent year over year, thanks to increased demand for food deliveries, the company reported in May. Illustration by Alex Castro / The Verge.

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Hospitality Net

JUNE 5, 2023

Since 2016, I’ve considered Cindy Estis Green to be one of the brightest minds in the hotel sector. Her key insight is that hotel commercial strategy directors have to become more sophisticated about which customers will be the most profitable after accounting for all costs.

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Accounting 71

PhocusWire

MAY 3, 2023

The hotel metasearch company said progress was made in each of its goals of increasing value in the product for advertisers and users, boosting the coverage of its directly bookable rates and investing it the brand.

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eHotelier

FEBRUARY 25, 2024

This guide will walk you through the essential steps to create a kitchen that meets the demands of a busy hotel environment, focusing on simplicity and functionality.

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SiteMinder

SEPTEMBER 27, 2022

The power of a simple and flexible tech stack to meet rising demands. In a period of accelerating consumer and economic change, the accommodation industry is being reshaped by a range of powerful external forces that can feel beyond its control. Expectations around technology in the era of hotel commerce.

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PhocusWire

NOVEMBER 10, 2022

The Series B round will help Kyte on its mission to become “the world’s largest operator of electrified fleets.”.

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Hospitality Net

MAY 22, 2023

Virtuoso®, the leading global network specialising in luxury and experiential travel, is hosting its 2023 Symposium last week in Montréal, Québec.

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Presentation 45

eHotelier

FEBRUARY 14, 2024

When a hotel does in fact go through the meticulous process of creating a strong sense of community, the results are nothing short of magical, and this is reflected through a positive impact on guest satisfaction, demand and the ability to grow rate.

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Guest Satisfaction 278

eHotelier

JANUARY 24, 2024

How can you capture demand when your hotel is no longer the hot new thing on the market? How can you compete with newer properties and their aggressive sales and marketing tactics?

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Marketing Pricing 279

SiteMinder

MAY 26, 2022

The AI and its modern algorithms are able to accurately predict demand and recommend sales strategies that yield the highest possible revenue. Hotel Revenue Management has evolved over the years, giving hoteliers new strategies to improve their pricing and optimize the profitability of their businesses.

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Pricing 52

SiteMinder

APRIL 19, 2023

Join SiteMinder and Abode Booking in this webinar as we share tips and tricks to help you maximise your direct booking strategy and gain more revenue for your hotel and accommodation business through automation.

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Book 52

SiteMinder

JANUARY 1, 2024

The questions around what old practises can be returned to, what new strategies will become gospel, and what innovations need to be driven further than ever before are fascinating points of discussion for the industry.

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Marketing 45

InnQuest

AUGUST 8, 2023

In other words, it is a form of dynamic pricing where businesses vary the prices based on the changes in demand and real-time market conditions. Usually, it is higher than the standard price in peak season, where the demand is high, and lower during off-season. To learn about the power of online reviews for hotels, read this.

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Pricing Guest Satisfaction Blog Budgeting 220

PhocusWire

MARCH 25, 2022

The credit financing for the San Francisco-based company comes from Goldman Sachs and Ares Global Management.

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Modern Restaurant Management

APRIL 18, 2024

Over the next ten years, there will likely be a sharp increase in demand for automated restaurant fryers due to the introduction of cutting-edge technologies in food service equipment. Major manufacturers are producing commercial fryers with integrated filtration systems in order to meet the increasing demand.

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Marketing Procurement Budgeting Pricing 116

PhocusWire

AUGUST 1, 2022

Govy designs each trip package and "pushes" it to consumers through a visual feed similar to a social media platform.

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eHotelier

APRIL 7, 2024

The Esplanade Hotel Fremantle has been listed for sale as owners look to capitalise on strong investor demand for large scale hospitality assets across Australia.

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Modern Restaurant Management

NOVEMBER 6, 2023

However, the typical increase in consumers wanting to dine out during the holiday season – not to mention the continued demand for take-away and delivery services – could disrupt this balance, even as businesses attempt to bolster their staff with seasonal hires. This influx of new staff is a major stressor in itself.

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Scheduling Budgeting Training Customer Service 200

InnQuest

APRIL 5, 2023

Yield management, also known as revenue management, is a strategy hotels use to optimize their revenue by adjusting prices and inventory according to consumer demand. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

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Pricing Book Blog Marketing 220

eHotelier

MARCH 26, 2024

Ahead of Australia’s first school holidays of the year, Expedia Group has today revealed new search data on the most sought-after Easter travel destinations – and the unique opportunities the demand will provide local hoteliers.

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Modern Restaurant Management

SEPTEMBER 13, 2023

They often have to rely on historical data to forecast customer demand, and typically can’t take into account the impact of weather and other local events on demand. Scheduling employees is one of the most time-intensive tasks for restaurant managers.

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Scheduling Accounting Communication Server 206

eHotelier

FEBRUARY 16, 2023

New values of travel are opening up important opportunities for hoteliers and DMOs to create innovative and engaging offers based on quality rather than quantity of travel demand.

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InnQuest

SEPTEMBER 5, 2023

Effective management of these diverse inventory types ensures that a hotel can meet guest demands, maintain quality standards and optimize revenue streams. Invest in a Revenue Management System (RMS): RMS software uses data analysis and algorithms to optimize room pricing based on demand, occupancy, market conditions, and competitor rates.

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Guest Satisfaction Maintenance Pricing Book 218

Revenue Hub

MARCH 5, 2024

The crux of the argument against relying solely on search data as a demand predictor lies in its inherent limitations. This discrepancy between interest and action suggests that search data, while valuable, should not be the sole basis for forecasting demand in the accommodation sector.

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Travel and Tourism Article Events Definition 92

Revenue Hub

MARCH 22, 2024

COMPETITIVE BENCHMARKING: Analysing competitor pricing, market demand, and trends is imperative for hotels to stay ahead in the game. FORECASTING DEMAND: Accurate demand forecasting is key to optimising pricing and rooms inventory management.

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Pricing Guest Satisfaction Information Book 93

Modern Restaurant Management

APRIL 11, 2024

The year 2024 promises a journey of adaptation and fierce competition for the restaurant industry as it manages stronger-than-expected economic data and slowing inflation while dealing with the headwinds of short labor supply, more demanding customers and an uncertain political environment.

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Back of House Presentation 187

Revenue Hub

FEBRUARY 15, 2024

When it comes to demand indicators for travel and hospitality companies, events stand out as one of the most accurate predictors of out-of-season spikes. Many businesses still rely on gut instinct or “educated guesses” to predict demand fluctuations, often based on previous year experiences. What are the impacts this has on demand?

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Events Article Pricing Reservations 90

Revenue Hub

MARCH 27, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Customise and optimise pricing strategies based on demand. Outlier factors: How special events and unusual occurrences have historically affected demand (e.g.

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Pricing Special Events Book Article 90

Lodging Magazine

APRIL 26, 2024

The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are trending positively, and the group has continued to manage its balance sheet in line with its commitments.

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Magazine Marketing 102

Modern Restaurant Management

MARCH 14, 2022

It’s estimated by Gartner that only five percent of employers currently offer some sort of on-demand pay program in place, and this figure is expected to increase upwards of 20 percent over the next two-to-three years. Earned Wage Access. Further, 79 percent of those surveyed said this would make them feel more valued as an employee.

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Revenue Hub

FEBRUARY 27, 2024

The Myth of the Static Pie: Traditional revenue management views demand as a fixed entity, with each hotel vying for a slice. This belief implies that demand is inelastic; In other words, a group of hotels will receive their collective share of demand and results, regardless of their individual actions.

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Pricing Budgeting Book Article 95

Modern Restaurant Management

MARCH 18, 2024

Plant-based menus are becoming more available as the variety of offerings and demand of restaurant patrons continues the momentum. Culinary methods and sources of inspiration for menus and venues were also part of this group’s discussion. They are no longer content with unimaginative, expected offerings on catering menus.

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Travel and Tourism Information Catering Special Events 188

Revenue Hub

FEBRUARY 29, 2024

Typically, when we want to gauge the demand for our destination, locality, and even our property, we turn to Google as the primary source of information. Indeed, Booking.com provides us with a clear indicator of how strong the demand is, how it’s evolving for our destination, and how we’re performing relative to that demand over time.

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Book Article Information 91

Revenue Hub

APRIL 9, 2024

Hotel revenue optimisation strategies focus on striking the perfect balance between supply and demand to ensure you make as much money as possible. Market demand Most hotels see a spike in demand on weekends when compared to weekdays. Why should small hotels invest in revenue optimisation strategies?

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Pricing Article Events Marketing 86

Modern Restaurant Management

NOVEMBER 5, 2021

Food service suppliers have been scrambling to keep pace with fluctuating demand in a supply chain that has been anything but predictable since 2020. But with the delta variant stressing health systems, colder months on the horizon, and uncertainty about the future, suppliers need the right strategy and data to outpace swings in demand.

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Procurement Information Pricing 236