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1490 posts

[[ 18 ]]

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  • 4 min

The Metrics Every General Manager Should Track

  • Revfine.com1
  • 27 January 2025
📊 Starbucks shifted focus from average transaction value to customer loyalty, engagement, and lifetime value metrics. Their rewards program accounts for 40% of US sales, with members spending 2-3 times more than non-members. The article stresses the importance of general managers in hospitality tracking metrics like space utilization, daily guest spend, guest lifetime value (LTV), guest acquisition cost (GAC), net promoter score (NPS), sustainability, average length of stay (ALOS), user disengagement, staff turnover rate and cost, and employee net promoter score (eNPS) for competitive success and long-term growth.
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OPIC Technologies’ Spatial Livestream Technology

  • Tony Loeb
  • 27 January 2025
🤖 LG Electronics secured a majority stake in Bear Robotics by acquiring an additional 30% on Jan. 22, following an initial $60 million investment in March 2024 for a 21% stake. LG now holds a 51% stake, integrating Bear Robotics' AI-driven service robots with LG's "CLOi Robots." Bear Robotics, founded in 2017, services markets in the U.S., South Korea, and Japan. LG will launch the AI Home Hub Q9 within the year, featuring Microsoft’s voice technology and multimodal sensing. At CES 2025, CEO William Cho hinted at expanding LG's robot focus to a "Zero-labor Home." LG's robotics software capabilities are enhanced by this acquisition, aiming for an integrated software platform across commercial, industrial, and home robots to shorten development cycles and improve user experience.
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  • 4 min

What Guests Really Want – and 5 Ways Hotels Can Deliver

  • Revfine.com1
  • 26 January 2025
🏨 68% of guests pay for a preferred view, while 78% prioritize room views, 75% balconies, and 76% better layouts. Upsell timing is crucial; guests are 24% more likely to accept a room upgrade and 48% more inclined for a different floor at check-in. Loyalty members, representing 83% who recently bought add-ons, expect personalized rewards. Communication preferences vary, with 51% opting for email and 40% in the US favor text messages. Offering control over stay details increases trust and likelihood of repeat bookings. Sources: Plusgrade Hospitality & Rail Study, 2024; Global Travel Segmentation Study, 2024.
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  • 5 min

Is TRevPAR the key hotel metric in 2025?

  • Maciej Czajka
  • 24 January 2025
🏨 In 2025, hotels prioritize TRevPAR (Total Revenue Per Available Room) over traditional KPIs like RevPAR and ADR, recognizing the need to measure all revenue streams, including room, food and beverage, spa, events, and ancillary services. TRevPAR offers a comprehensive view of hotel profitability by including non-room revenue, which is crucial as guest spending patterns shift towards experiences beyond accommodations. A formula example shows TRevPAR calculated as €500,000 of total revenue divided by 200 available rooms, resulting in €2,500 TRevPAR. Strategies for improving TRevPAR include enhancing F&B revenue, maximizing ancillary services, leveraging data for personalization, optimizing distribution channels, and merging revenue with marketing strategies.
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  • 4 min

Social Commerce, Hospitality’s Next Best Opportunity for Growth

  • Revfine.com1
  • 24 January 2025
📱 Global social commerce sales hit $992 billion in 2023, forecasted to triple by 2026. 98% of consumers may shop via social media within a year. Travel industry sees 87% of travelers seeking inspiration on social media, with 55% booking directly via these platforms. Instagram and Facebook facilitate direct hotel bookings, with features like Instagram’s Shop and Facebook’s Shops. Four Seasons saw a 23% boost in social media bookings through influencer partnerships. User-generated content (UGC) drives conversions, with Marriott’s UGC seeing 2.5x higher rates than brand content. Mobile shopping accounts for 79% of social transactions, and video content doubles conversion rates compared to images.
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  • 8 min

BREAKING: OpenAI drops AI Agents you can use today with its new “Operator” product.

  • Tony Carne
  • 24 January 2025
📈 📈 For years, brands have utilized travel influencers for marketing. Traditional campaigns on platforms like Instagram or TikTok last 3-9 days, focusing on "reach" and "engagement". The aim is to boost brand searches and direct website visits over time, usually assessed through year-over-year (YoY) comparisons. Videreo extends campaign lifespans indefinitely, linking influencer videos to product sales on a searchable map. This allows for measurable Return on Influencer Spend (ROIS). Contiki, G Adventures, & Globus are examples of brands sold through Videreo's method. Kayak predicts AI travel agents by 2030 while OpenAI releases booking agents today. Grindr introduces AI features, including an "AI wingman" for chat summaries, and displays user concentrations in city neighborhoods aiding travel community connections. A 2025 hotel industry survey shows 61% believe AI impact is imminent, with automation and guest preference prediction as key benefits. Privacy concerns emerge as Apple scraps AI summaries after BBC's complaint, and reports suggest Microsoft uses all typed content in Word to train AI models. Yonder, an AI chatbot, offers 24/7 customer service for tourism businesses. Sarawak launches an AI-powered event impact system, a first in legacy management. AI is transforming SEO, with experts like Tahnee Perry and Kevin Indig offering insights. Perry suggests using AI for drafts and details, while Indig provides a master
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  • 2 min

Meet the team: Monthip Manthumnusorn, Business Development Manager – Thailand

  • Nashi Dasgupta
  • 23 January 2025
🏨 Monthip has 8+ years in hospitality, with 4 years in hotel operations and 4 years in Sales & Marketing. She moved to tech, working 2 years in Thailand as a Sales & Marketing Specialist for a SaaS company offering cloud-based PMS solutions. Currently at STAAH, Monthip leverages her hospitality/tech expertise to aid hoteliers. She values STAAH's collaborative culture and practices a success mantra of striving for excellence and continuous learning. Her interests include staying current with industry trends and travel.
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  • 5 min

92 – Ai search results are eating the world’s organic traffic

  • Martin Soler
  • 23 January 2025
📈 HubSpot's organic traffic plummeted by 75% in 2024, from 10 million to 2.5 million visits. Italy proposed a law against fake hotel reviews, requiring identification from reviewers. The hotel industry now has access to APIs, but faces challenges with AI search altering traditional search landscapes. The media industry struggles with stagnating engagement. Creative marketing proves impactful without extra costs. Destination management aims to balance tourism and local experience. Emotion in marketing remains essential despite analytical shifts.
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  • 7 min

The Three Biggest Problems for Revenue Managers—and How to Solve Them

  • Anders Johansson
  • 23 January 2025
📈 Hotel revenue managers face persistent challenges that limit their strategic impact: wrestling with inconsistent and overwhelming data, attracting the most profitable guests, and forecasting in uncertain conditions. They spend hours on data cleanup due to multiple disjointed data sources like PMS, OTAs, and internal spreadsheets, which often contain errors and lack integration. To maximize profitability per guest, it's essential to focus on NetRevPAR, Revenue per Guest, and Flow-Through rather than just occupancy rates. Forecasting is complicated by unpredictable market conditions and poor data quality across revenue streams like F&B and spa. Key strategies include investing in data consolidation tools, providing cross-functional staff training, aligning processes, and integrating technology for a holistic guest view. Building a collaborative forecasting process, adaptable forecast models, and incentivizing staff for quality data entry can improve profitability and competitiveness.
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  • 2 min

Main challenges for revenue management in 2025 | Duetto

  • Tony Loeb
  • 22 January 2025
📊 In 2025, hotels face flattened top-line revenue performance, rising costs, and shrinking profits, prompting a shift from siloed strategies to alignment between marketing, sales, and revenue management. Prioritizing direct bookings to improve conversion rates is essential. A centralized "single source of truth" for data across departments, focusing on around three key metrics, is recommended for revenue managers. Independent properties struggle with integrated technology, which affects efficiency and decision-making. Success hinges on direct channel growth strategies, technology investment, and data centralization to stay competitive.
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