Weekly Insights. October 19, 2024

U.S. election impact on global travel and hotel performance

The article examines how the U.S. election may affect global travel and hotel performance, with potential changes in consumer confidence, economic stability, and international relations impacting travel behavior. It analyzes historical trends, economic indicators, and the influence of political shifts on both domestic and international hotel markets. It concludes that while elections can cause short-term disruptions, long-term recovery and growth are largely influenced by broader economic conditions.

Hotel assets: The dark horse in real estate investing

The real estate market is constantly evolving, influenced by economic factors and societal trends. Over the years, different real estate sectors have taken turns in the spotlight, with office and multi-family properties often seen as safe and stable investments. However, recent data suggests a changing landscape, with hotel assets emerging as a more attractive investment option. In this article, we will explore how real estate investment in the lodging sector is becoming more appealing.

Revfine Expert Panel: How have revenue management roles and systems been affected by AI to date?

Our Industry Expert Panel exists out of professionals within the hospitality & travel Industry. They have comprehensive and detailed knowledge, experience in practice or management and are forward-thinking. They are answering questions about the state of the industry. They share their insights on topics like revenue management, marketing, operations, technology and discuss the latest trends.

Creating value for guests: Innovative ideas enhance guest experiences

The article focuses on innovative ways hotels can create value and enhance guest experiences. It highlights strategies like offering personalized services, leveraging technology, and curating unique packages that cater to individual guest preferences. These tactics help build stronger relationships with guests, increase satisfaction, and boost loyalty. The blog post encourages hoteliers to think creatively to differentiate themselves in a competitive market by providing memorable, value-added experiences.

Quick wins to increase holiday bookings on your hotel website 

The article offers strategies to increase hotel website conversions, focusing on optimizing the booking process, personalizing content, and leveraging guest data. It highlights the importance of mobile responsiveness, creating compelling calls-to-action, and using remarketing techniques to engage potential guests.

Optimizing menu engineering for the hospitality industry

The article explains the importance of analyzing item popularity, pricing, and cost to strategically position high-margin dishes. It also discusses visual design, menu psychology, and how small adjustments can significantly impact a restaurant's bottom line.

Revenue Management impacts brand reputation: Here’s why

The article discusses how effective revenue management directly impacts a hotel's brand reputation. It highlights key factors such as online visibility, guest reviews, tailored pricing strategies, and managing room inventory efficiently. By integrating revenue management with marketing and sales efforts, hotels can improve profitability while enhancing their brand perception. Author emphasizes the importance of balancing technology-driven insights with human expertise to achieve sustainable success.

Hotel Revenue Insights Recommends

The art of revenue: A complete guide on revenue management by Diego de Ponga 

Mastering Hospitality Ancillary Revenue: Proven tactics for ancillary revenue growth in hotels, bars, restaurants & spas by Pablo Torres 

Hotel Tech 101: How Everything Works Together (…And Does It?) by  Ira Vouk

The Prosperous Hotelier: A Guide to Hotel Financial Literacy for the Hospitality Professional by David Lund 

Disclaimer