Hotel Earnings: What We Learned This Week – in 2 Minutes
Skift Blog
MAY 3, 2024
Skift Take: IHG saw U.S. hotel revenue normalize. Marriott plans to launch a new midscale brand. Hyatt aims to expand its all-inclusive resort portfolio. And more.
Fri.May 03, 2024
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The latest US hospitality survey unveils future travel trends
Hospitality Net
MAY 3, 2024
Is the “hush workcation” the new vacation trend? Nearly a third of Americans admitted they’ve worked remotely on vacation without telling their bosses.
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Skift Travel Health Index Shows Softening Trend
Skift Blog
MAY 3, 2024
Skift Take: The Travel Health Index in March 2024 shows an overall softening trend compared to the previous month, with the index dropping by 4 points. However, some countries continue to show robust growth, with China, Japan, and Hong Kong out front with double-digit gains.
Recharged Strategies: Insights and Updates From Choice Hotels’ Annual Convention
Lodging
MAY 3, 2024
Over 6,600 attendees gathered for Choice Hotels International’s 68th Annual Convention at Mandalay Bay in Las Vegas, Nevada. This year’s agenda was themed “Next Level” after its marketing strategy and offered a comprehensive array of educational sessions, brand programs, and networking opportunities. Within the past five years, Choice Hotels has experienced a surge in revenue and membership expansion, driven by the integration of Radisson Hotels Americas onto its digital platforms.
Don't Let AI Pass You By: The New Era of Personalized Sales Coaching & Development
Speaker: Brendan Sweeney, VP of Sales & Devyn Blume, Sr. Account Executive
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!
The Awakening of Sleep Tourism
Skift Blog
MAY 3, 2024
Skift Take: The travel industry is cashing in on sleep tourism. Editor-in-Chief Sarah Kopit and Head of Research Seth Borko delve into the latest trend.
What does a Hotel Manager do?
Hospitality Net
MAY 3, 2024
Hotel Managers have one of the most challenging yet rewarding jobs in hospitality, and that’s why the job is not for the faint-hearted. The role attracts those who have high ambition, a passion for service, and are natural-born leaders. A career in hotels can be exciting, luxurious, and lead you to travel the world. Whether you work in a boutique hotel or a multinational chain, the day-to-day challenges can be similar.
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HVS India Hospitality Industry Overview 2023
Hospitality Net
MAY 3, 2024
This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024.
Travel Startup Funding Slows Down After $689 Million Spree
Skift Blog
MAY 3, 2024
Skift Take: Travel startups raised $689 million over two weeks in mid-April, and then they raised only $29 million in the two weeks following that.
Key Takeaways from Virtual Roundtable for Senior Revenue Management Executives
Hospitality Net
MAY 3, 2024
In a virtual roundtable discussion hosted by HSMAI Europe on Thursday last week, senior revenue management executives gathered to delve into the evolving landscape of Creating a Total Revenue Management (TRM) Culture in the hospitality sector. The discussion was moderated by Shumi Khan, SVP Business Intelligence & Revenue Management Accor Hotels and Chair of the HSMAI Europe Revenue Optimization Advisory Board.
Ups and Downs of Expedia and Booking’s First-Quarter Earnings
Skift Blog
MAY 3, 2024
Skift Take: Today's podcast looks at Expedia's altered outlook, Booking Holdings' connected trip success, and the fight for privacy at U.S. airports.
How to Stay Competitive in the Evolving State of Martech
Advertiser: ZoomInfo
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
Event driven hotel pricing: How do major events influence the evolution of room rates?
Hospitality Net
MAY 3, 2024
They are generally circled out in any hotel commercial team’s calendar as critical points to drive revenue and consequently you must have the right strategy in place.
What IHCL’s 4th Hotel in Varanasi Says About India’s Religious Tourism Boom
Skift Blog
MAY 3, 2024
Skift Take: Religious tourism is booming in India and hospitality companies are now catching up to cater to this demand.
Navigating Digital Reputation Management for Brands
Hospitality Net
MAY 3, 2024
I recently wrote an article for Entrepreneur.com that I wanted to share with our Insights Audience and expand further on in relation to the 2023 Guest Experience Benchmark Report. In today’s digital era, where every consumer interaction can be broadcasted globally in seconds, reputation management has never been more challenging or crucial. As businesses grapple with the power of online reviews and social media, proactively managing and safeguarding a brand’s public image is essential for sustai
Tour Expedition Leader Lindblad Buys Adventure Travel Group
Skift Blog
MAY 3, 2024
Skift Take: The new partnership is just the latest in Lindblad's recent acquisition spree.
Beyond the Basics: How to Develop and Retain a Top-Performing Sales Team
Speaker: Brendan Sweeney, VP of Sales at Allego
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.
March 2024: Europe’s hospitality industry buds early
Hospitality Net
MAY 3, 2024
The European hotel industry is continuing the positive momentum begun last month, with performance indicators showing steady improvement. While the weather in March was less than ideal, the opposite was true for the region’s hoteliers. While Southern Europe continues to be the driving force behind this recovery, with the exception of Greece, Northern European countries are posting increasingly solid performances as the warmer weather approaches.
IHG Talks Hotel Growth Opportunity in Germany
Skift Blog
MAY 3, 2024
Skift Take: IHG sees promise for growth in Europe's largest economy, Germany.
An Unstoppable Growth in the Middle East: Focus on Accor’s Strategic Expansion in Saudi Arabia, the UAE and Qatar
Hospitality Net
MAY 3, 2024
Accor is proud to have participated to the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom’s leading industry experts. From 2022 to 2032, the growth rate in the GCC’s tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD. Accor, firmly rooted in the Middle East, responds to the dynamic shifts in travel preferences and consumer needs, seamlessly adapting to expectations in this thriving market, such as sustaina
Ask Skift: How Is Climate Change Impacting Travel?
Skift Blog
MAY 3, 2024
Skift Take: Climate change is one of the most pressing issues in travel, and here's a brief look at how it's impacting the industry.
ABM Evolution: How Top Marketers Are Using Account-Based Strategies
Advertiser: ZoomInfo
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.
Tempo by Hilton Louisville Downtown NuLu Opens
Hospitality Net
MAY 3, 2024
Designed for the rhythm of life, Tempo by Hilton Louisville Downtown NuLu opens its doors May 1, as the third property to open nationally from Hilton’s new stylish contemporary lifestyle brand. The 130-room hotel echoes the surrounding upbeat NuLu neighborhood with lively settings for social gatherings and events for locals and travelers alike, as well as stylish spaces to rest and recharge.
Source Acquires Berman Purchasing, Inc., Expanding the FF&E Procurement Firm
Lodging
MAY 3, 2024
Portland, Oregon-based Source announced its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The move creates a bicoastal women-led procurement firm with decades of FF&E procurement experience in all types of projects. Nicole Schmidt, Source’s founder and CEO, explains the strategic move: “We were looking for a firm that aligned with our values and operating ethos: full transparency and commitment to client relationships, with a footprint on the eastern s
Hyatt Signs Agreement with Knowledge Economic City for Two New Hotels in The Kingdom of Saudi Arabia
Hospitality Net
MAY 3, 2024
Two Hyatt-branded hotels set to debut in Madinah as Hyatt House Madinah KEC and Hyatt Centric Madinah KEC.
Hotel Revenue Management System
Are Morch
MAY 3, 2024
Do you feel that a hotel that gets the maximum number of guests is profitable? If so, you’re on the wrong track. Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. This is where you need […] The post Hotel Revenue Management System appeared first on Are Morch, Digital Transformation Coach.
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
HotelRunner Named Strategic Partner in Agoda Connectivity Partner Program
Hospitality Net
MAY 3, 2024
The leading hospitality technology provider HotelRunner got the highest title of Strategic Partner at the 2024 Agoda Connectivity Partner Program. The program, designed to recognize top technology providers in the hospitality industry, highlights HotelRunner’s commitment to excellence and innovation in serving its accommodation partners.
How Revenue Management System are Transforming Hotels and Resorts
Are Morch
MAY 3, 2024
Do you feel that a hotel that gets the maximum number of guests is profitable? If so, you’re on the wrong track. Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. This is where you need […] The post How Revenue Management System are Transforming Hotels and Resorts appeared first on Are Morch, Digital Transformation Coach.
Omni Atlanta Hotel at Centennial Park Unveils Stunning Renovation and Rebrand with New Name
Hospitality Net
MAY 3, 2024
Guest Rooms & Suites Receive Timeless Refresh Highlighting the Hotel's Rich History in the Atlanta Market.
Omni Atlanta Hotel at Centennial Park Unveils Renovation and Rebrand
Lodging
MAY 3, 2024
Omni Atlanta Hotel at Centennial Park, an iconic landmark in the heart of downtown Atlanta, has announced a comprehensive renovation and rebranding. Inspired by Atlanta’s role as a hub for global travel, media, and transformative meetings and conventions on a global scale, this transformation marks an area leaving behind the old and rising into a new era of regeneration.
ABM Success Recipe: Mastering the Crawl, Walk, Run Approach
Advertiser: ZoomInfo
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.
Congress Threatening to Create Chaos at Airports this Summer and Beyond
Hospitality Net
MAY 3, 2024
A severe and troubling scenario for travelers could play out at airports this summer travel season if Congress enacts an amendment by Senators Jeff Merkley (D-OR) and John Kennedy (R-LA) to the Federal Aviation Administration reauthorization bill.
Tour Expedition Leader Lindblad Buys Thomson Adventures For $30 Million
Skift Blog
MAY 3, 2024
Skift Take: The new partnership is just the latest in Lindblad's recent acquisition spree.
WTTC’s Hotel Sustainability Basics Reaches 3,400 Verified Properties
Hospitality Net
MAY 3, 2024
The World Travel & Tourism Council (WTTC) has today announced that its Hotel Sustainability Basics (Basics) has achieved a significant milestone, with 3,400 properties now verified across almost 80 countries.
Driftwood acquires Marriott Raleigh Durham Research Triangle Park
Hotel Business
MAY 3, 2024
Driftwood Capital has acquired the Marriott Raleigh Durham Research Triangle Park, a 225-key, full-service, upper-upscale hotel located in North Carolina’s Research Triangle area. The company will carry out an extensive renovation project to enhance numerous features throughout the hotel. Franklin BSP Realty Trust originated a multimillion, two-year loan with three one-year extension options at a competitive interest rate. “The acquisition of Marriott Raleigh Durham Research Triangle Park
A Buyer’s Guide to Future-Proofing Your Restaurant Tech Stack
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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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