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While some may view partnering with an external recruiter as an added expense, the return on investment (ROI) tells a very different story. For example, a resort needing an experienced Food & Beverage Director doesn’t need to spend weeks advertising, sorting resumes, and conducting first-round interviews.
This evolution highlights the urgency for hospitality brands to adopt innovative strategies like hospitality content marketing , which involves creating and distributing valuable, engaging content to connect with travelers at every stage of their journey. trillion by 2027 , driven by evolving trends and preferences.
Park Hotels & Resorts Inc. Proceeds from the sale will be used for ongoing ROI projects in Parks portfolio and for other general corporate purposes. chairman/CEO, Park Hotels & Resorts. The post Park Hotels & Resorts sells Hyatt Centric Fishermans Wharf for $80M appeared first on hotelbusiness.com.
For decision-makers in hospitality, the ROI is clear: better customer satisfaction, higher retention, and a stronger brand reputation. In a competitive market where brand loyalty is earned through relevance and reliability, integrating AI-driven customer intelligence isnât just a tech upgrade, itâs a strategic advantage.
Markets are saturated. Here are a few ideas: Early check-in/late check-out fees These are straightforward, high-margin offerings that work well in almost any market. Transportation In some areas, such as beaches or ski resorts, getting around and parking only create headaches. If you operate in a lifestyle-driven market (e.g.
Consumers are also more discerning, looking for authenticity and relevance rather than mass marketing. A hotel may have thousands of followers, but if engagement doesn’t lead to inquiries or stays, the marketing effort lacks measurable value. Identify trends in guest feedback to refine services and marketing.
” Whether you’re running a 10-room guesthouse or a 300-room resort, revenue management always works. With dynamic pricing and smarter forecasting , these properties can outperform the big chains, without a marketing army or loyalty program. Align your pricing with each market segment. Wrong again. Not by guessing.
For instance, beach resorts may experience surges during summer months, while urban hotels might see increased bookings during major conferences or festivals. Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand.
The newly added properties span multiple markets and hotel segments, further cementing Dellisart’s reputation for flexibility and operational excellence across a wide variety of asset types. This vertically integrated approach allows the company to drive top-line performance while maintaining operational efficiency for owners.
Forecasting: Using historical data and market trends to predict future demand and optimise pricing accordingly. Gain Access to Specialised Skills: Benefit from the expertise of seasoned revenue managers who possess in-depth knowledge of pricing strategies, distribution channels, and market trends. To AI or Not to AI?
And as market conditions shift, so do the insightsâmaking this tool an agile companion in todayâs fast-moving hospitality landscape. Through a partnership with ZINIO , one of the worldâs largest digital reading services platforms, HCN is expanding its no-cost services to hotels and resorts.
With more than 30 years of experience as a Hotelier representing; Luxury, Full-Service, Boutique, Extended Stay and Limited Service Brands, Mr. Riley has supported and achieved a ROI for the following; Wyndam Hotel & Resorts, Preferred Hotels Group, IHG, Hilton Hotels, Marriott Hotels, Interstate Hotels & Resorts & Hyatt Hotels.
The Funnel’s Been Replaced with a Feed We broke this down in our blog, Why the Marketing Funnel Doesn’t Work in a Gen Z World —but here’s the short version: the old funnel is dead. Compare that with a luxe mountain resort in Colorado. In this new “situation”, round-the-clock responsiveness isn’t a tech upgrade.
This eliminates the need for an external media player, saving on additional expense and energy, for maximum ROI. â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution.
per cent in 2024, 2025 will likely bring more muted gains, with supply returning to pre-COVID levels in key markets. Laport noted Concord has eight hotels under construction, while Toor is building strategically in high-barrier markets. She noted that while RevPAR growth was 4.5 Conversely, strong transaction activity was noted.
Additional enhancements include advance deposit options by rate type, and improved tools for managing rates and resort fees. Teams can now upload documents directly to guests, groups, and client profiles. âThis is designed to ensure that guests never miss an appointment." Click here to book a meeting to speak with our team at HITEC.
Whether a traveler is looking for “best beachfront hotels in Mykonos” or “Instagrammable resorts in Bali,” your hotel’s content needs to show up in those results to even be considered. Hotel, Resort). What your hotel should do: Best practices Assign social engagement to your marketing or guest experience team.
This enables proactive engagement with potential guests in high-demand feeder markets before it becomes apparent to competitors â an important tool to remain profitable, even offseason or during times of weakened demand. This eliminates the need for an external media player, saving on additional expense and energy, for maximum ROI.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. To see the OPERA Cloud platform in action visit HITEC booth #4015 on June 16-19 th.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels.
All devices are connected to Anacoveâs AI-powered cloud system, which treats the hotel as a unified ecosystemâ delivering automated reports and actionable insights that show clear ROI and support smarter operations. LAN service providers are enabled to provide more customized solutions to their hospitality clients.
announced its new Nomadix Energy Management Solution that addresses the market need to reduce operational costs and reach sustainability goals. The Nomadix solution is one of the lowest cost-of-ownership offerings on the market, while also achieving a quick return on investment (ROI).
resort locations and the corporate support center, the program empowers over 13,000 employees, affectionately known as Pack Members, to feel valued and rewarded for their hard work. High Paws is now live across all Great Wolf Lodge resorts nationwide, as well as the corporate support center. Now live across all 22 U.S. year-over-year.
Cvent IQ combines powerful AI capabilities with deep industry expertise, proprietary insights and analytics, a smart platform, and intelligent infrastructure to help marketers, event planners, and hospitality professionals move faster and smarter, collaborate better, and deliver more engaging, high-return experiences.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. To see the OPERA Cloud platform in action visit HITEC booth #4015 on June 16-19 th.
Recent market research indicates that the global hotel POS terminal market is set to reach a staggering $4.8 How Hotelogix Simplifies POS Management Hotelogix PMS comes with a fully integrated cloud-based POS system designed specifically for hotels, resorts, and multi-property groups. billion by 2028 , growing at a CAGR of 8.1%
Thatâs a compelling ROI argument for sustainability-focused investments, especially when margins are tight. Additional enhancements include advance deposit options by rate type, and improved tools for managing rates and resort fees. Waste Reduction = Cost Avoidance A 44% cut in food waste led to $250 million in savings.
Additional enhancements include advance deposit options by rate type, and improved tools for managing rates and resort fees. Teams can now upload documents directly to guests, groups, and client profiles. âThis is designed to ensure that guests never miss an appointment." Click here to book a meeting to speak with our team at HITEC.
At Asksuite, our mission is to empower reservations, marketing, and sales teams by turning service requests into qualified leads, direct bookings and increased revenue. This groundbreaking tech tool already delivers unparalleled results, including a 71x ROI for clients using automated, personalized messaging.
Early adopters include luxury resorts, casinos, and lifestyle hospitality groups. In her role, Secor oversees restaurant operations, technology, and training, while collaborating cross-functionally with departments including supply chain, marketing, and development.
In his new role, he will oversee all aspects of the brandâs franchise development strategy, with a focus on new market expansion and both traditional and non-traditional growth opportunities worldwide. PAR Engagement brings together loyalty, marketing & offers, ordering, and guest data into one deeply integrated platform.
Wyndham Hotels & Resorts has unveiled its first-annual Hotel Owner Trends Report. Theres a lot of noise in the marketplace right now, and yet, more than 90% of hotel owners and developers are optimistic about what the next five years hold for them,” said Amit Sripathi, chief development officer, Wyndham Hotels & Resorts.
PAR Engagement brings together loyalty, marketing & offers, ordering, and guest data into one deeply integrated platform. Connecting marketing, loyalty, and ordering systems into one integrated platform, eliminating data silos and unifying the digital guest journey. The transaction is subject to customary closing conditions.
PAR Engagement brings together loyalty, marketing & offers, ordering, and guest data into one deeply integrated platform. Connecting marketing, loyalty, and ordering systems into one integrated platform, eliminating data silos and unifying the digital guest journey. Every Guest Journey. and Canada.
Focus on ROI —hotels using AI messaging have seen 30-50% lower operational costs by reducing manual labor. Example: A 5-star resort in Dubai uses AI for room service requests but ensures that front desk interactions always include human staff for a personal touch.
SHANGHAI, China—IHG Hotels & Resorts recently announced Holiday Inn Express has surpassed 500 hotels in operation and pipeline in Greater China, marking a milestone for the upper midscale brand. Leveraging its offerings in ROI for owners, Holiday Inn Express has garnered attention from owners and investors since entering the market.
What is hotel ROI? Hotel ROI means return on investment, which evaluates how much money you are getting out compared to what you put in. The aim is to generate a positive ROI, which you can then use to grow and improve the business or take out as profit. To succeed overall, you can’t afford too many areas to be falling behind.
The luxury resort industry is a fiercely competitive arena where capturing and retaining guests is paramount. To capture the attention of discerning travelers , resorts must deliver exceptional experiences and employ sophisticated marketing strategies. Is it the kind of service that your resort offers?
What is hotel influencer marketing? Hotel influencer marketing involves collaborating with influencers—individuals with a strong online presence and a loyal following—to promote your hotel. Influencer marketing has become a powerful tool in the hotel industry, helping hotels connect with their audience through authentic voices.
When it comes to sustainability, there is one frontrunner in the world of hotels and resorts and that’s Sonvea, which strives to become better as the years go by. They decided to open a resort like no other, whilst ensuring ultimate protection of the environment. Tell us about Soneva’s history as a brand.
With travel demand set to grow 8% annually by 2025 , nows the time to embrace bold hotel marketing strategies that captivate guests and boost bookings. Hotel marketing strategies are carefully crafted tactics that hotels use to promote their services, attract guests, and drive bookings.
Resolute Road Hospitality and Wyndham Hotels and Resorts recently hosted a joint event, “Economics of the Extended-Stay Segment of Lodging,” in Nashville. “It was a productive event filled with passionate hospitality professionals interested in the rapidly growing extended-stay market. .
Artificial Intelligence (AI) in luxury hotels and resorts still generates skepticism. 7 Reasons to use AI to complement human service in luxury hotels and resorts 1. Among the 4,000+ properties served by Asksuite in over 80 countries, these operations present a higher direct revenue and ROI generation.
New York, NY - Islamorada Resort Collection, a group of upscale resorts in the Florida Keys, has selected Tambourine to handle website and digital marketing efforts for its portfolio properties.
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