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Exclusive: Veriu Group CEO talks Collingwood success, mixed-use developments, office conversions and more

Hotel Management

Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. A lot of the target [market] was around project-focused corporate opportunity. It is a mix.

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Embracing the Scientific Method: The Future of Hotel Management

Catala Consulting

Just as scientists hypothesize and experiment to understand phenomena, hoteliers can implement similar methodologies to test new ideas, services, or processes on a small scale before full implementation. The ability to quickly adapt and respond to market changes can set a hotel apart in a competitive market.

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Hotel Star Reports: What are they and how to read them

SiteMinder

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

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Hotel events: Guide to increasing revenue

SiteMinder

Ranging from small, intimate board meetings to large-scale international conferences, they often require technological support, such as high-speed internet and audiovisual equipment, alongside flexible seating arrangements. Tip : Leverage social media for targeted marketing.

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How to start an Airbnb and become a host

Little Hotelier

The amount of money you make will depend on how many rooms you have to rent out, your nightly rate, and your occupancy rate throughout the year. Note that most Airbnb listings are side gigs, so if you treat it like a business and you have multiple listings with high occupancy, you can earn significantly more.

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Hotel Reservation System: Their Significance and Impact on Your Business

Hotelogix

This leads to better utilization of room inventory and maximizes occupancy rates. Helps You Make Data-Driven Decisions Reservation systems offer detailed reports and analytics on occupancy rates, revenue, and guest preferences. This data allows hotels to adjust rates for peak and off-peak periods, optimizing revenue generation.

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Hotel Management: Meaning, Types, and Operations

SiteMinder

Placing yourself on a scale of personal growth is especially important for a hotel manager. A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules.