The concept of total profit optimization has grown in significance within the hospitality industry. Not just a focus on profit margins, this approach embraces all revenue-generating areas in a hotel, including ancillary outlets. By harnessing the power of data, hoteliers measure the performance of each outlet to identify the most profitable strategies, setting a new standard for business optimization.
MDO, in collaboration with Stayntouch and Revenue Analytics, has released "The Hotel Profit Playbook: Data-Driven Strategies to Move Beyond Rooms Revenue," a special report aimed at redefining the way hoteliers approach profit management.
In our latest eBook, How to Boost Your Hotel's Total Profitability, industry leaders share top tips and best practices for getting the most from your revenue strategy by adopting a holistic approach to optimizing total guest value.
What are travelers’ new expectations? How to find the right balance between digital and human in the guest experience? How are loyalty programs transforming to better serve and engage clients? What does it take today to attract, engage, and retain talent? How can we become sustainably local? We take a closer look at the transformations impacting key aspects of our industry.
Tripadvisor®, the world's largest travel guidance platform, releases its first Seasonal Travel Index of 2023, providing an outlook for travel patterns and demand over the next three months.
New research looking at Publicly listed companies has revealed that the leisure industry is facing a major diversity disparity, with only 7% of the top spots held by women, a stark contrast to the 50-50 gender balance of the overall workforce.
Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion) and in states across the nation this year, according to state-by-state projections released today by the American Hotel & Lodging Association (AHLA) and Oxford Economics.
The Latino Hotel Association released the 2023 inaugural Latino Hotel and Entrepreneurship Investment (LHEI) Report showcasing data and research detailing Hispanic entrepreneurship, economic and population growth, and specific opportunities and barriers to Latino business ownership within and outside the hospitality industry. The LHEI report advocates for specific policy needs necessary for Latinos to navigate the steps required to own and invest successfully in hotels and demonstrates the importance of Latino ownership to hotel chains seeking franchise owners.
Hard Rock International and Seminole Gaming today announced the release of its 2023 Corporate Social Responsibility Report: Fifty Years Forward. Social purpose has propelled Hard Rock since its inception in 1971, guided by its founding mottos: Love All-Serve All, All Is One, Save The Planet, and Take Time To Be Kind.
Couples are optimistic about their relationships and intend to make more time for their partners in 2023 according to a recent survey by the Sandals Institute of Romance – Sandals Resorts' trend-house responsible for analyzing and spotting the latest global news in modern love, relationships, and intimacy. Surveying more than 1,000 adults across the United States in partnership with Wakefield Research, the data points to major trends, expectations, and other factors impacting relationships, passion, and connection in the year ahead.
The corona crisis had at least one positive effect on hospitality, which is only slightly proven by hard numbers: Online direct bookings soared up last year. Based on the responses of 96 hotel chains worldwide, representing over 2 million rooms, website bookings increased to 20% of total hotel revenue in 2022, nearly doubling from 2017 levels (10%), when h2c conducted its first Distribution study.
A very warm welcome to this latest edition of the Horwath HTL Poland Hotels and Chains report.
This wide-ranging, international sentiment study examines the purchasing behaviour of travellers and the influence their spending has across industries. It also offers advice for marketers looking to capture the attention of this important group of consumers.
The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics, according to the American Hotel & Lodging Association’s 2023 State of the Hotel Industry Report.
Hotel real estate specialist Christie & Co has released its annual Business Outlook 2023 report - “Finding Clarity”, which highlights key hotel market activity, trends and challenges in 2022 and provides forecasts for 2023.
A major new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism amongst consumers, with 69% of travellers actively seeking sustainable travel options1.
Relais & Châteaux announces an ambitious sustainability action plan and publishes its first-ever sustainability report examining the global association’s environmental, social and societal impact and setting 15 objectives for 2025 and 2030. Sustainability Report: In Search of Hospitality in Harmony with the Natural World (the baseline year 2021) seeks to measure, share and accelerate the association's progress and highlight the positive contribution the group’s independent chefs, hoteliers and restaurateurs can have on the environment, diversity, and local communities and economies.
Today, Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and ConferenceDirect, a full-service global meetings solution company, announced the results of a survey entitled, 2023 State of the Meetings Industry. The collaboration reveals insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2023.
In November 2022, close to 300 delegates - including 100 corporate travel managers - gathered in Brussels for GBTA’s first-ever Global Business Travel Sustainability Summit. Participants from 20 countries, including business travel professionals, policymakers, NGOs, and experts, tackled the most critical sustainability issues impacting the business travel industry. Through panel discussions, breakouts and an interactive session on climate action planning, the business travel community showcased their strong commitment towards decarbonizing the industry. Revisit the discussion via our event highlights, including:
Here’s the good news this holiday shopping season: Consumers are open to trying new brands, which means the door is open for savvy consumer-facing companies to entice new customers by delivering on their fast-changing preferences.