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HB Exclusive: Reeco raises $15M for procure-to-pay platform

Hotel Business

The funds will be used for research and development; customer acquisition; scaling sales and marketing efforts; and launching new platform features. In todays competitive market, Reeco is essential. The Series A round was led by Aleph VC, with participation from Net Capital Ventures and Joule Ventures.

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HB on the Scene: Leaders discuss AI, labor and other issues at AAHOACON24

Hotel Business

They will know where you stayed the last time, and what chain scale you stayed at. ” Trivedi noted that AI-driven platforms like Google’s new search experience gives hoteliers the opportunity to “know your guest up close and personal, and you can do targeted marketing.”

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How Hotels Can Use Data Analytics To Anticipate And Manage Peak Season Demands

Hotel Speak

For instance, beach resorts may experience surges during summer months, while urban hotels might see increased bookings during major conferences or festivals. Personalization Strategies: Targeted Marketing : Reach different guest groups with seasonal offers. Segmentation Criteria: Demographics : Age, nationality, travel purpose.

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Hotel feasibility study: Full guide with examples and costs

SiteMinder

It will give you key details such as risks, development costs, potential revenue, preferred target markets, competitor analysis and more. Sometimes, you may need to adjust your business plan based on the findings or even look for another opportunity elsewhere if the results are not positive.

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Your comprehensive guide to hotel classifications

SiteMinder

That being said, they all follow a similar system, with one star being the most basic type of accommodation and five star being on the luxury end of the scale. Shared leased contracts means that you are effectively renting access to the property and the deed remains with the resort or owner. Resort hotels. Golf resort.

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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. As Dimitris Manikis, president and managing director EMEA of Wyndham Hotels and Resorts, said recently : “ You have to evolve with a business… consumers two-and-a-half years ago are different from today.”

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Luxury Travel Brands — Delivering Immersive Experiences

MediaBoom

One&Only VISIT WEBSITE One&Only is an uber-luxe hotel brand with 12 hotels and resorts in fascinating locations around the world — from Mexico and Maldives to U.A.E. A&K is one of those luxury travel brands that tap into the power of segmented and targeted marketing to address the unique needs of its clients.