TOP NEWS - 10 Minutes News for Hoteliers - Page 111

1 min

Hyper-Local F&B Strategies to Keep Your Property Top of Mind – Anthony Torres

🍽 Anthony Torres, an acclaimed hospitality industry food and beverage leader, shared tactics for keeping properties top of mind in a podcast episode on January 17, 2025. The episode highlighted hyper-local strategies, partnerships with influencers, and collaborations with local businesses. It was supported by Shiji Group, a leader in hospitality technology, and featured music from Bespoke Sound. Torres emphasized transforming guest experiences and implementing technology to improve business outcomes.

1 min

STAAH Weekly Hospitality Quiz: 17 January

📅 Seasoned and aspiring hoteliers tested their hospitality knowledge in STAAH's weekly hotel industry quiz, an initiative aimed to keep participants informed about the latest industry trends. The final quiz of the year offered a range of questions on luxury hotel brands and essential hotel software, inviting participants to challenge themselves and stay updated. Quizzes are available weekly, encouraging ongoing learning and expertise enhancement in the hospitality field. Missed quizzes can be accessed for a catch-up on STAAH's blog.

3 min

PAR Technology Launches New Gift Card Solution

📱 Duetto's 2025 hospitality trends report identifies key challenges: increased costs, AI integration, personalization, evolving revenue metrics, and data utilization. 54.5% of hoteliers plan to purchase RMS, with 61.1% increasing tech budgets. AI's role in revenue management is emphasized, yet hoteliers are hesitant to trust AI without human oversight. Personalization is seen as crucial for guest satisfaction. Metrics like TRevPOR and GOP are gaining traction over RevPAR for profitability insights. Data is pivotal in strategizing, urging deeper integration into decision-making processes. Insights are drawn from global industry experts, with a focus on hotels, casinos, and event businesses.

Lodging Interactive Launches GuestCONNECT

📃 Duetto, a leader in hospitality revenue management software, released its 2025 trends report, identifying rising costs, AI, personalization, evolving revenue metrics, and data integration as key challenges for hoteliers. Increased costs, particularly labor, are the top concern. With 54.5% of respondents planning to invest in a revenue management system in 2025, and 61.1% looking to increase their technology budgets, the industry prioritizes tech advancements. AI is recognized for its predictive forecasting and dynamic pricing benefits, yet skepticism about replacing human judgment persists. Personalization is emphasized for enhancing guest experiences and loyalty. Revenue metrics are shifting towards total revenue per occupied room (TRevPOR) and gross operating profit (GOP) for better profitability assessment. Data's role in revenue strategies is expanding from collection to actionable integration. The report includes insights from Hotel Tech Report, Sandos Hotels & Resorts, CP Hospitality, Noble House Hotels & Resorts, Sandman Hotel Group, and Grand Metropolitan Hotels.

New Study Finds 73% of Hoteliers Believe AI Will Transform Hospitality

📰 Duetto, a leading revenue management software provider for hospitality, released its 2025 report identifying increased costs, AI, personalization, evolving revenue metrics, and data as key challenges. The report is based on a global survey of hoteliers and includes input from industry executives. Key facts include 54.5% planning to buy a revenue management system in 2025, and 61.1% increasing their technology budgets. AI's role in revenue management is emphasized, alongside the rising importance of TRevPOR and GOP over RevPAR for profitability insights.

5 min

91 – The relationship between Revenue and Marketing

📢 Tripadvisor and Perplexity have announced a partnership to utilize unstructured data about travel for recommendations, aiming to enhance travel planning. Meanwhile, an investigation suggests that OTAs may be implementing price discrimination, with San Francisco residents potentially paying up to $500 more for identical hotel rooms. Amazon, after generating most of their operating profits from ads, has launched Amazon Retail Ad Service to expand ad opportunities. Marketing in the travel and hospitality industries is increasingly intertwined with revenue generation, calling for a unified approach to KPIs.

6 min

Stop Hiding Behind Benchmarking: Why Hotel GMs Must Lead—Not Follow

🏨 Benchmarking in hotels reveals operational standings, potential pitfalls, and improvement strategies but can trap them in the status quo. The key is to use data for innovation and avoid "copycat" strategies. An example given is Hotel Terra Vista, which discovered operational inefficiencies through benchmarking and addressed them with a unique "Concierge-to-Go" check-in and a local culinary strategy, enhancing guest satisfaction and profitability. Hoteliers should balance past insights with forward-looking strategies and translate innovation into numbers to gain stakeholder support, aiming for market leadership.

2 min

Phocuswright Research Roundup 4Q24

🏖️ Travel has risen in the U.K., France, Germany, Italy, and Spain over the previous year, with decisions influenced by value and price. Social media usage is increasing for trip planning and idea sourcing. The report surveys consumers in these countries who traveled in 2023 and are planning to travel in 2024. It examines European consumer behavior, technology's impact on travel planning, and future travel expectations amidst rising costs and sustainability concerns.

6 min

A Comprehensive Overview of Attribute-Based Selling in the Hotel Industry

📌 Attribute-Based Selling (ABS) in the hotel industry allows customization of stays by selecting room features individually, gaining traction especially among larger hotel chains and boutique hotels. ABS implementation requires Cloud-based PMS like Hotelogix and Stayntouch, enhancing guest booking transparency and satisfaction. Benefits for hotels include increased revenue, conversion rates, and operational flexibility, with improvements in ADR and RevPAR. Guests enjoy personalized experiences and potential cost savings. However, challenges involve complex technology integration, inventory management, and staff training. Overselling attributes poses risks of consumer disappointment, reputation damage, and legal concerns. Ethical marketing practices are essential for balancing ABS benefits, and future trends indicate increased ABS adoption with support from AI and machine learning.

4 min

From Overwhelmed to Organized: Tech Solutions for Hotel Sustainability Goals

🏛 Over 200 sustainability certifications are available globally for hospitality and tourism brands, emphasizing the importance of strategic selection for hoteliers. Leveraging technology simplifies data management for certifications, which are essential for compliance with regulations like the EU's Green Claims Directive and Corporate Sustainability Reporting Directive. Certifications such as LEED and BREEAM focus on environmental building performance, while others like Green Globe target specific operational practices. Strategic choices between standardization and local specificity are key, with digital tools like BeCause's AI platform aiding in compliance and benchmarking.

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