Sat.Mar 25, 2023 - Fri.Mar 31, 2023

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BREAKING: Oyo Cuts IPO Size Nearly in Half to $600 Million, Aiming for November Listing

Skift Blog

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.

Market 357
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Banyan Tree Management Relaunches as Aperture Hotels

Lodging

ATLANTA—Officials of the former Banyan Tree Management announced that the company has relaunched as Aperture Hotels. The new company will continue to provide hotel management services but with an eye on expanding its third-party management portfolio and possible management company mergers and acquisitions. “Historically, we have been seen almost exclusively as an extension of Banyan Investment Group, providing services only for their portfolio,” said Charles Oswald, president and CEO, Aperture H

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W Sydney announces trio of management appointments

Hotel Management

Marriott International’s highly anticipated W Sydney hotel is formulating its management team ahead of its October opening with the appointment of three industry leaders. Judd Rabbidge, takes up the position of Hotel Manager, Richard Millar joins as Culinary Director, and Christopher Stedman as Director of Rooms. Rabbidge was previously the Director of Sales and Marketing for W Bali and Director of Sales for One&Only Reethi Rah in the Maldives.

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March Madness and the Search for Pipeline Predictability

Anthony Cole Training

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!

Pipeline 233
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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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LGBTQ+ Travel Gains New Recognition After Long Challenging Evolution

Skift Blog

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.

Travel 334
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U.S. Travel: Face-to-Face Meetings Benefit the Travel Industry by Creating Increased Revenue

Lodging

WASHINGTON—Face-to-face meetings and business travel create measurable benefits for companies and organizations—from increased revenue to lasting and effective professional relationships, according to the U.S. Travel Association. This message will be shared with the U.S. travel industry and meetings professionals around the world on Global Meetings Industry Day (GMID), the annual international day of advocacy showing the value of business meetings, trade shows, incentive travel, exhibitions, con

Revenue 275

More Trending

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Greening the Hospitality Industry: Implementing Renewable Energy in Hotels

Are Morch

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.

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Why New York Thinks Tweaking Iconic Tourism Slogan From ‘I’ to ‘We’ Matters

Skift Blog

Skift Take: Tourism marketing slogans should stick to their domain when they try to spur locals to civic pride and action: focusing on what makes the destination so great to attract locals and visitors in the first place.

Tourism 321
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Hilton Plans to More Than Double Puerto Rican Portfolio

Lodging

MCLEAN, Virginia—Hilton announced plans to more than double its portfolio in Puerto Rico, a destination that represents Hilton’s largest collection of hotels in the Caribbean, with seven existing properties encompassing more than 2,350 rooms across four of Hilton’s brands. Hilton’s pipeline of hotels under development in Puerto Rico also represents the largest of Hilton’s Caribbean growth markets by number of hotels.

Pipeline 275
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Long-time TFE employee named Vibe Adelaide GM

Hotel Management

TFE Hotels has appointed South Australian Katie Obst to the General Manager position at Vibe Hotel Adelaide. Obst’s appointment to her first pre-opening General Manager role comes after 10 years at TFE Hotels, the past four of which have been spent at the helm of Adina Apartment Hotel Adelaide Treasury. The 123-room new-build Vibe hotel, which opened on March 1, marks the brand’s entry into South Australia.

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Diving into Diversity: Decoding the Foundations of Inclusion in Hospitality Talent Acquisition

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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Why hotels benefit from a proactive approach to reputation management

eHotelier

It’s now possible for hotels to use digital communications technology to intercept guest requests and reviews as they appear. Hoteliers can use this technology to shape their reputation rather than allowing third-party review sites to define them.

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Why So Many Souvenirs Gather Dust on Travelers’ Shelves

Skift Blog

Skift Take: Souvenirs are an essential part of the travel experience, but they still haven't under gone the revolution like other parts of the travel economy. New innovative ways to support local artisans and communities in tourism are still unrealized.

Travel 306
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Drawn To Hospitality Design

Lodging

What initially inspired you to get into the hospitality business? Before joining Stonehill Taylor in 2008, I was working at MTV as a designer. During my time there I was managing the interior design of their Times Square store and I fell in love with the process. This project sparked my passion for the hospitality design industry and has led me to where I am today.

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Actions over words: Hilton rolls out LGBTQIA+ inclusivity training across Australia

Hotel Management

Hilton is advancing its LGBTQIA+ inclusion efforts across marketing and guest experience through a training program in partnership with Husbands That Travel (HTT). A HTT survey of over 500 LGBTQIA+ travellers in Australia found that 98% have changed their behaviour while travelling to avoid drawing attention to their sexuality or gender, and 60% said it was their default to go back into the closet when they travel.

Travel 264
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A Buyer’s Guide to Future-Proofing Your Restaurant Tech Stack

The race to 100% digital is on. With the restaurant industry still in the early innings of its digital transformation, brands need an airtight strategy when it comes to building out their tech stack. Download the buyer’s guide to learn where to prioritize your efforts and get the most out of every investment.

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HT-NEXT 2022 Exclusive: Key Takeaways for Navigating Hospitality’s Challenges

Hospitality Tech

During this innovator roundtable, executives from Fortinet, Sabre and Tabit answered a series of thought-provoking questions that revolved around industry challenges, dos and donts, ways to provide differentiation from the competition, and more.

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Kayak Bows Out of Opening Lifestyle Hotels Under Its Own Brand

Skift Blog

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.

Branding 300
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Branching Out: CoralTree President Tom Luersen’s Journey From Cutting Grass to Cutting Deals and More

Lodging

Like many in the hospitality business, CoralTree Hospitality Group President Tom Luersen grew up in the industry. In his case, that formative experience was a job at the Galt House, a Louisville, Kentucky hotel where his father served as general manager. There, he mowed lawns at 13 and functioned in a managerial role—assistant front office manager—at age 16.

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Exclusive: Ascott eyes Sydney suburb for next co-living property

Hotel Management

The Ascott Limited’s co-living brand lyf is eyeing its third location in Australia, with a new property in Sydney expected to be announced soon. Almost a year on from the opening of its first Australian property in Melbourne’s trendy inner-city suburb of Collingwood, and with another under construction in Bondi Junction, the brand is exploring further opportunities for growth – in dynamic metropolitan neighbourhoods.

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Beyond The Meeting Room: Luxury Magazine Resource

Escape into a world of luxury and dive into the future of tech, fun takes on the American pastime, and many inspirational individuals. With engaging reports on fashion, food, travel, finance, sports, and more, download now and enjoy the read!

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What is the optimal distribution mix in a hotel?

eHotelier

Every hotel has an optimal distribution channel mix – meaning that channels are selected and managed in such a way that they will drive optimal profitability for the hotel in the long run.

Hotels 115
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Hotels Playing Up Services to Push Strongly Into Short-Term Rentals

Skift Blog

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?

Services 294
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A Data Driven Story

Lodging

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.

Business 173
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Exclusive video: inside the stylish Prince Waikiki hotel in Honolulu

Hotel Management

Across from the Ala Moana Center in Honolulu, you’ll find a leading O’ahu hotel that’s headlined by a fantastic infinity pool, spacious suites and one of the best club lounges in town. Welcome to the Prince Waikiki. If you love shopping, ocean views, sunsets, spacious suites, infinity pools, club lounges and sushi, Prince Waikiki should be high on your radar when it comes to choosing an O’ahu hotel for your next Hawaii trip.

Shopping 245
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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.

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Pre-stay questions and unstructured responses guiding hotel revenues

eHotelier

Any and every form of guest interaction with your hotel can be invaluable for guiding the future of your brand, but only if you are properly digitizing and tabulating all these forms of communication. The two of us are believers of the ‘silent majority’ whereby for every question posed to your hotel, there are ten.

Revenue 111
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Cabify Raises $66 Million for Spanish Rideshare Platform

Skift Blog

Skift Take: The startups this week cover a wide range of industries: rideshare, hospitality buying, audio entertainment, hotel restaurant reservations, business travel planning, and travel insurtech.

Travel 294
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Wyndham Hotels & Resorts Forms Partnership With Minor League Baseball

Lodging

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced a new multi-season partnership with Minor League Baseball. The deal makes Wyndham the Official Hotel Partner of Minor League Baseball (MiLB) with its loyalty program, Wyndham Rewards, becoming MiLB’s Official Hotel Loyalty Partner. Wyndham chose Minor League Baseball as the program’s newest partner based on MiLB’s growing popularity, accessibility, and synergies between its guests, particularly its rewards members, and MiLB’s fan base

Resorts 173
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Exclusive: Choice reports direct bookings boom, continued RevPAR growth

Hotel Management

Choice Hotels Asia-Pac has reported a boom in direct online bookings in 2022 ChoiceHotels.com and the Choice Hotels App bookings up 61% on 2021 and 88% on 2019 respectively. Choice Hotels Asia- Pac CEO Trent Fraser called it the “standout” performer in a strong year for the business saying it reflects the investment made in marketing during tough times.

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Preventing Employee Burnout in Restaurants & Hospitality: An Integrated Approach

Speaker: Lissa Bowen - Chief People + Culture Officer, Full Course Executive Director, Full Course Foundation

Employee burnout is a pervasive issue in the fast-paced and demanding restaurant industry, resulting in decreased productivity, high turnover rates, and compromised mental well-being. Effectively addressing this challenge requires a comprehensive approach that combines conventional management techniques, insights from neuroscience, and stress management strategies.

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HB Exclusive: Wyndham partners with Minor League Baseball

Hotel Business

Wyndham Hotels & Resorts has stepped up to the plate and entered into a new multi-season partnership with Minor League Baseball. The deal makes Wyndham the Official Hotel Partner of Minor League Baseball (MiLB) with its loyalty program, Wyndham Rewards, becoming MiLB’s Official Hotel Loyalty Partner. “It could not be a better match of a partnership for Wyndham Rewards and our everyday traveler,” Dana Rosenberg, SVP, marketing, Wyndham Hotels & Resorts, told Hotel Business.

Branding 111
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Remote Work Now Touches Every Corner of the Lodging Sector

Skift Blog

Skift Take: Hospitality leaders at this week’s Skift Future of Lodging Forum had plenty to say about how working trends were crossing over with their respective businesses. Check out this event recap to find out who said what.

Events 286
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Rising Labor Costs: Drivers Include Inflation, High Minimum Wage, and More Hours Worked

Lodging

Less spending on labor has been a big reason why U.S. hotel profit margins have held strong, but that spend is on the rise with labor costs growing at a compound monthly rate of 3.7 percent in 2022. Gross operating profit (GOP) came in at 42.3 percent in 2022, which was 0.6 percentage points higher than 2019. That success in maintaining profit levels can be largely attributed to more efficient operations (i.e., less frequent housekeeping, […] The post Rising Labor Costs: Drivers Include In

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Exclusive: meet Accor’s new chief of sustainability

Hotel Management

Sustainability is redefining Accor’s business model and shaping a new way of travel, according to Accor Pacific CEO Sarah Derry. In a bid to better serve its eco-conscious travellers and support its environmental commitments, the business has hired David Young as Chief Sustainability Officer and Director of ESG. A former Global Program Director Sustainability at One World Alliance and previously Executive Manager of Sustainability and ESG at the Qantas Group, Young brings extensive travel indust

Business 147
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ABM Success Recipe: Mastering the Crawl, Walk, Run Approach

Shifting to an account-based marketing (ABM) strategy can be both exciting and challenging. Well-implemented ABM motions build engagement with high-value accounts and drive impactful campaigns that resonate with your audience. But where do you begin, and how do you progress from crawling to running? Watch now as Demand Gen experts delve into the essentials of each stage of the ABM process.