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Skift Take: A cut in IPO size to almost half may be significant, but the confidential pre-filing route provides Oyo the flexibility to change primary issue size to almost $900 million. A lot of that will depend on market conditions.
Today's topic: March Madness, the ongoing search for bracket and sales pipeline predictability. The March Madness tournament can be somewhat predictable, but upsets are expected. In the world of sales forecasting, you have the same problem!
Skift Take: Despite the LGBTQ+ community's growing clout in the travel industry, many travelers in the rapidly growing segment still face enormous challenges. Here's a look at how Skift has covered the progress LGBTQ+ travelers have seen as well as the setbacks the group has encountered.
What initially inspired you to get into the hospitality business? My interest and experience in telling a story with data is what led me to STR. This is where I really learned the full breadth and depth of the hospitality business and the opportunities in this industry. My first experience in hospitality was when I was teenager working as a hostess, then server, at Ruby Tuesday.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling
Skift Take: Nothing ventured, nothing gained. Kayak won't be opening any new hotels near you, but still hopes to make a go of building a hotel tech business. That, too, could be a big challenge.
HENDERSONVILLE, Tennessee—Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR’s latest data through March 25, 2023. U.S. Hotel Performance March 19-25, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 64.9 percent (down 0.6 percent, down 6.3 percent)ADR: $158.61 (up 4.7 percent, up 19.5 percent)RevPAR: $102.98 (up 4.1 percent, up 12.0 percent) Among the Top 25 Markets, Chicago saw the high
Skift Take: Hotels have an upper hand in the three "Cs" of hospitality — commercial laundry, cleaning staff and a concierge service. The thinking: If they can play to their advantage in pandering to the emerging "bleisure traveler," why not lend that brand experience to vacation rentals?
Skift Take: Hotels have an upper hand in the three "Cs" of hospitality — commercial laundry, cleaning staff and a concierge service. The thinking: If they can play to their advantage in pandering to the emerging "bleisure traveler," why not lend that brand experience to vacation rentals?
FRISCO, Colorado—Denver, Colorado-based hotel company 5 Senses Hospitality Management has announced the opening of the AC Hotel Frisco Colorado by Marriott. The announcement comes nearly two years after the hotel’s acquisition in 2021 and subsequent renovation. Located off I-70, the property is nearby Summit County’s ski resorts including Breckenridge, Keystone, Copper Mountain, Beaver Creek, Arapahoe Basin, and Vail.
Skift Take: In this video from Skift Future of Lodging Forum 2023, we hear from hospitality leaders at Sojern and Marriott International about what hotel marketers should be thinking — and doing next — in order to develop first-party data, understand guests on a one-to-one basis, and increase profitability.
Property improvement plans, or PIPs in industry parlance, can be a sore spot in the relationship between franchisors and franchisees. While auspiciously meant to align property standards with changing guest expectations, they can create a slippery slope for the franchisee in terms of amenity creep and be an expensive undertaking with a questionable return.
Skift Take: In this video from Skift Future of Lodging Forum, we hear from Rob McDonald, chief commercial officer of IAG Loyalty, about the dynamically changing landscape in travel loyalty and how brands can stand apart in an era where customers are becoming more empowered to shop around if they don’t see rewards quickly.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
The hospitality industry is a substantial contributor to global carbon emissions. Hotels are among the most energy-intensive buildings, making them ideal candidates for renewable energy adoption. As per the International Energy Agency, renewable energy accounted for 72% of new power capacity added globally in 2020, with solar power being the leading source.
Skift Take: Today’s edition of Skift’s daily podcast looks at those travel trinkets gathering dust, pop culture tours and trips, and remote work’s impact on hotels.
What initially inspired you to get into the hospitality business? My love for beautiful things and a passion for travel inspired me to pursue a career in luxury design, which ultimately led me to hospitality design. I was a first-generation college student at FIT, and now I’m the first female managing director of Pierre-Yves Rochon, a Parisian heritage design studio.
Hotel Designs Hyatt makes debut in Portugal Hyatt makes debut in Portugal With sweeping views over the Tagus River, Hyatt has debuted in Portugal with the opening of its first Hyatt branded Hotel, Hyatt Regency Lisbon… The opening of the 204-key Hyatt Regency Lisbon meets a much-desired demand for luxury accommodation in the capital city of Portugal and marks a significant milestone for Hyatt in Europe , as it continues to prioritise its growth plans in places of interest to its guests.
Are you curious about how artificial intelligence is reshaping sales coaching, learning, and development? Join Brendan Sweeney and Devyn Blume of Allego for an engaging new webinar exploring AI's transformative role in sales coaching and performance improvement! Brendan and Devyn will share actionable insights and strategies for integrating AI into coaching and development - ensuring personalized, effective, and scalable training!
Hotel Designs Geberit brings nature into the bathroom Geberit brings nature into the bathroom As guests increasingly look for sustainable and eco-friendly options in the hotel experience, Geberit explores ways of integrating nature into hotel bathroom design. From living green walls to natural materials, these elements not only appeal to the environmentally conscious guest, but also create a more serene and calming atmosphere… One of the clearest benefits of integrating nature into hotel b
If you haven’t already, there’s still time to position your hotel SEO efforts for success in 2023. With new technologies, changing customer behaviors, and rising trends, hotel SEO strategies should be constantly evolving. Align your SEO strategy with the following trends and SEO tips for hotels for 2023.
Hotel Designs FOCUS on the outdoors FOCUS on the outdoors A fireplace might not be the first thing that springs to mind when talking about the great outdoors, however the Focus design studio has prepared six of its iconic indoor models to make the move… An evening spent outside around a beautiful fire remains a convivial and memorable moment and FOCUS designs gives extra soul to an unforgettable experience with its range of outdoor fireplaces.
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
Co-living can be defined as a mixed concept of hotel and permanent residence for different target groups. The focus of these concepts lies hereby on the attractive design of the public areas. One target group are digital nomads and young professionals who can work independently of their location and usually stay in a particular city for a few months before moving on and working from another location.
BWH Hotel Group has added several new properties in North America, Europe and Asia, including the U.S., India, Denmark, Austria, Thailand, Sweden, The Philippines, Germany, Greece, Spain, Japan and England. “As the resurgence of travel continues, we are proud to grow our portfolio in key destinations around the globe,” said Larry Cuculic, president/CEO, BWH Hotel Group.
Maximizing sales rep performance is no easy task. 📈 Traditional sales training methods focus heavily on the first few weeks in the sales role. Companies dedicate time, resources, and budget to onboarding new hires, only for them to forget what was learned in those first few weeks, lose motivation, and struggle to come to grips with their role.
Adding a total of 398 rooms between them in categories ranging from deluxe rooms to suites and serviced apartments, Tivoli Chengdu at Cultural Heritage Park and Oaks Chengdu at Cultural Heritage Park occupy an area of nearly 110,000 square metres.
Discover facts about the self-order kiosks market and why it is expected to reach approximately $4.6B by 2026 — a significant portion of that coming from food and beverage kiosks.
Emotional branding is a powerful marketing tool that allows companies to establish emotional connections with their target audience. By evoking positive emotions and memories, such as joy, love, nostalgia, and excitement, brands are able to craft a memorable experience that creates lasting loyalty in consumers. This article will cover the fundamentals of constructing an emotional branding strategy.
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
Spokane County’s current and under-construction offerings of sporting and event facilities continue to increase visibility for the market regionally and nationally. This article outlines the recent and upcoming changes to the county’s event facilities.
India: Softbank-backed hospitality chain OYO is said to have confidentially submitted a “pre-filing” document for its long-anticipated initial public offering [IPO], a source from the company told Reuters. The company, which is known officially as Oravel Stays, filed to go public as far back as October 2021 but the IPO has gone through a series of delays since then, including in January when the national Indian capital markets regulator, the Securities and Exchange Board of India [Sebi], aske
Evermore Partners and New Castle Hotels & Resorts have acquired the Montana Marriott Portfolio - a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile, a collection of approximately 20,000 square feet of high quality, in-line retail located in downtown Missoula, Montana.
Italy: Hotel franchising company Wyndham Hotels & Resorts has launched its Dolce brand in Italy with the opening of a 207-bedroom hotel in Milan. The Dolce by Wyndham Milan Malpensa marks the group’s first hotel under the Dolce brand in Italy. The opening of the property is the result of a longstanding franchise collaboration with hotel management firm Zeus International Hotels & Resorts , which currently oversees nine hotels in three countries.
Speaker: Lauren Fernandez - CEO & Founder, Full Course
Companies all over the world, including Marriot International and Hilton Worldwide, are aware of the value of including DEI in their talent acquisition strategy. However, despite these initiatives, there is still plenty that the hospitality sector can do to promote DEI. When comparing the hospitality industries in India, Iraq, the UK, and the US, you will see that there is a consistent underrepresentation of persons from different ethnic, gender, and disability origins across all levels of the i
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