Boutique hotels have started facing increasing difficulties to operate. Hospitality giants such as Marriot International, Accor, and IHG are following an expansionary strategy by acquiring collections of boutique hotels.
A loyalty program for hotels usually are run by big hotel chains. A hotel loyalty program is a key approach to attract and maintain business at its properties. These days, loyalty programs are becoming an increasingly important factor when guests are selecting a hotel.
Co-working has significantly come to the attention of the hospitality industry, offering both additional facilities and the potential to boost the hotel revenue. Charging the public space by the hour or day offers revenue generation that does not follow the typical hotel cycles or patterns.
A boutique hotel is a small hotel typically ranging between 10 to 100 keys with one-on-one 5-star hospitality service and strong personality in unique settings with glamorous accommodation and individualized UPS's.
What are millennials (Gen Y)According to demographers at Pew Research Center, The Millennial generation are born between roughly 1981 and 1997. They account for approximately 2 billion people which make them the largest living generation by population size (27% of the global population).