In the rapidly evolving hospitality industry, staying up-to-date with the latest trends is vital to ensure a steady flow of reservations. One prominent trend is the growing desire among guests for experiences that go beyond simply staying in a hotel room. This article explores the concept of “More than just a Room” and how hotels …
Embracing the Trend of “More Than Just a Room” in Hospitality Read More »
This used to be a much simpler topic back when people spent more time speaking to one another. In the past it was easy to get to know what the customer wanted and influence how they bought. It was a time when traditional travel agents ruled the roost, since customers would walk into the travel …
Within the hotel industry the topic of discussion has always been how do we maximize our room revenue each month as this also heavily impacts the total revenue your hotel is able to generate. We are now nearly halfway through 2023 and the demand for hotels has settled back to what it was before 2020. …
Total Revenue Generation – Maximise Your Segmentation to Maximise Your Business Read More »
It’s challenging to manage any business in the unknown, and without a doubt, the last six to twelve months have been a very anxious and troubling period for the travel, tourism, and hospitality industry at large. When countries around the world start to progressively loosen lockdown and travel restrictions, the hospitality sector will start to cautiously reopen …
TOP 5 TACTICS TO POSITIVELY INFLUENCE YOUR HOTEL’S COVID19 RECOVERY Read More »
Times are tough and when times are tough every penny counts, most hotels have never found themselves empty and in the need of urgent online business before. As many hotels have been finding out in the last few weeks it is very difficult to truly get a grip on the front end marketing that the …
With travel just opening and International Travel still very much restrained, one sector of the accommodation industry that is feeling the strain are the Boutique Hotels, Guest Houses and B&Bs. With months of lockdown and zero revenues, these mostly privately owned and funded businesses, find themselves cash strapped. Not only has lockdown drained any available …
Is it possible, that if we viewed Covid-19 as a forced recession and applied the lessons learned from the 2008 recession, that we just might be able to save the ship? When realistically looking at the Covid-19 situation and the aftermath, are we really facing a massive unanticipated recession? Could the lessons learned from the …
Lessons learned from the 2008 recession more valid now than ever Read More »
With the accommodation segment starting to open its doors, effective operational management is starting to show its muscle in conjunction with revenue management – or at least it should be! It’s a fact that the accommodation industry makes money differently to just about any other sector in the economy. The traditional trend in other industries …
Effective Operational Management as key to survive post-Covid19 Read More »
Sample Size Overview For the purpose of this study a sample size of 333 hotels based in Western Cape were used, the 333 hotels selected are based on the Western Cape Region category of STR. The study looks at the forward online pricing of each of the 333 hotels as of 1 June 2020 until …
Nowhere in the world currently, is the rise of Revenue Management more evident than in Africa! From the multi-billion dollar hotel chains to the influx of thousands of independently run hotels, lodges, management companies, as well as asset management companies, whom are all redefining traditional Revenue Management within the international community. At the same time, …
TrevPAR World Launches Real World Revenue Management – online Read More »
