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1475 posts

[[ 18 ]]

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  • 5 min

The Tale of Two Revenue Managers

  • Anders Johansson
  • 24 September 2024
💾 The Grand Royale Hotel's revenue manager Emily was overwhelmed with manual tasks, facing isolation, burnout, and declining performance. Meanwhile, Alex of The Elite Haven Hotel used automation tools to eliminate tedious tasks, spurring profits and earning bonuses. Emily, inspired by Alex, proposed automation to her GM, who initially rejected the idea. With support from colleagues and after a pilot's success, their hotel saw improved profits and employee morale, validating the shift to automation and strategic work over manual labor.
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  • 1 min

STAAH’s ‘The Big Connect’ Hospi-Tech Conference Concludes with Resounding Success in Mumbai

  • Nashi Dasgupta
  • 24 September 2024
📢 STAAH, a New Zealand hospitality solutions provider, held ‘The Big Connect’ event in Mumbai, attended by over 400 experts. In partnership with Booking.com and WebBeds, the conference at Sahara Star Hotel focused on tech-driven solutions for hotels, aiming to increase online bookings, revenue, and streamline distribution. National Sales Head – India, Shoaib Ali, highlighted the event’s success and potential future expansion. The event concluded with entertainment including a live comedy act.
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Lavu Partners with Check to Offer Payroll Solution for Restaurants

  • Tony Loeb
  • 23 September 2024
💳 Adyen's Global Hospitality Report highlights that 37% of hotel customers abandon bookings due to limited payment options. Despite 59% valuing a seamless booking-to-check-out experience, 31% of hotels can't accept popular methods like BNPL or Apple Pay. Digital wallets are used by 15% for online hotel payments, and social media bookings have increased to 10%. Cancellation flexibility is crucial, with 59% favoring free cancellation policies within 24-48 hours. Financial grievances have prevented 44% from rebooking, including issues with card declines and refunds. Over the next year, 60% of hotel leaders plan to enhance their payment processes.
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  • 5 min

6 Hacks to Drive Immediate Exposure to Your Hotel WITHOUT Reducing Rates

  • Mia Belle Frothingham
  • 23 September 2024
🏨 To attract hotel guests without lowering rates, leverage social media for exclusive offers, increase meta search spend, craft email campaigns for past guests, and use OTA tools like Expedia’s Accelerator or Booking.com’s Visibility Booster. Agoda and Priceline growth campaigns offer global exposure. Pay-On-Performance media campaigns provide visibility with no upfront costs, focusing on actions like bookings or clicks. RevOptimum, with 30 years of experience, empowers hotel revenue growth, pioneering remote management solutions and innovative revenue tools, dedicated to impacting the hospitality industry positively.
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  • 6 min

From Start to Finish: Unleashing the Power of Hospitality Technology for Engaging Guest Journeys

  • Katharina Heitmann
  • 23 September 2024
🏨 A TrustYou study reveals travelers read 8.7 reviews before booking. Hotels maximize revenue through technology like meta-search and ad management platforms (Triptease, D-EDGE), revenue management systems (IdeaS, RoomPriceGenie, Atomize), and direct booking platforms (Hotelchamp, Triptease). Pre-stay phases engage guests with apps, SMS, and upselling tools (Oaky, UpsellGuru), while on-site experiences are enhanced by PMS solutions (Mews, Cloudbeds) and payment methods. Post-stay engagement uses surveys and loyalty programs to maintain guest relations.
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  • 17 min

J.D. Power: What’s Changing in Guest Satisfaction Now – Andrea Stokes

  • Tony Loeb
  • 23 September 2024
📋 In this insightful episode, Andrea Stokes, hospitality practice lead at J.D. Power, discusses the 2024 North America Hotel Guest Satisfaction Index. Higher rates after the pandemic led to increased expectations, causing a decline in satisfaction across the industry in 2023 compared to 2022, notably among economy and limited-service segments. Conversely, luxury and upper upscale segments met higher expectations, maintaining or even improving satisfaction. The episode also touches on the new J.D. Power third-party hotel management guest satisfaction benchmark, revealing that third-party managed hotels often outperform brand-managed or owner-managed ones. Key factors influencing guest experiences include service quality, property upkeep, personalization, and leveraging technology for improved guest interactions. Davidson Hospitality Group ranks the highest for the third consecutive year, excelling in guest room, food and beverage, hotel facility, and connectivity. The importance of food and beverage service has risen post-pandemic with increased consumer spending in hotel restaurants and food outlets.
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  • 5 min

The Myopic Pursuit of Channel ROAS: How to Avoid this Hotel Industry Pitfall

  • Revfine.com1
  • 22 September 2024
🏨 Hoteliers have been focusing on individual channel return on ad spend (ROAS), often showing high numbers, such as a 5:1 ROAS on Google Ads. However, this overlooks the multi-touch journey typical of modern consumer behavior, where a traveler might engage with multiple channels before booking. The article suggests moving towards multi-touch attribution models, valuing customer lifetime value (CLV), and investing in cross-channel data integration. It promotes a cultural shift to integrated marketing strategies, encouraging hotels to consider long-term customer relationships over immediate conversion rates. The solution is a holistic approach, transcending individual channel performance to foster brand loyalty and sustainable growth.
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  • 3 min

Airzone Integrates Inverter HVAC with the Bodhi Building Operating Platform

  • Tony Loeb
  • 19 September 2024
🌎 Minor Hotels Europe & Americas, with over a decade of sustainability efforts, partners with Deepki to reach net zero. Committed to a 46.2% reduction in scope 1 and 2 emissions by 2030 (from 2019 levels) and a 90% reduction company-wide by 2050, the targets are SBTi-approved. Utilizing Deepki’s platform, the Group tracks over 350 buildings in 30+ countries, aiming for 100% data coverage for energy and environmental KPIs, with automated data collection to improve energy efficiency and reduce carbon footprint.
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  • 3 min

Minor Hotels Europe & Americas Partners with Deepki to Support its ESG Leadership in the Hospitality Sector

  • Tony Loeb
  • 19 September 2024
🏡 Minor Hotels Europe & Americas partners with Deepki for ESG efforts, targeting a 46.2% reduction in scope 1 and 2 greenhouse gas emissions by 2030 from 2019 levels, and a 90% reduction in emissions by 2050 to achieve net zero company-wide. The goals are SBTi approved. Deepki's platform aids in tracking, monitoring, defining energy efficiency measures, and measuring impacts for over 350 buildings across 30+ countries. The aim is 100% data coverage for environmental performance and harmonization via technology and digitization.
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  • 4 min

A/B Testing: The Secret to Success on Your Hotel Website

  • Revfine.com1
  • 19 September 2024
🏨 In the competitive hotel industry, A/B testing on hotel websites can enhance user experience and increase direct bookings. Testing elements like the booking engine, CTAs, and landing pages can reveal insights into customer preferences and behavior. Personalization through A/B testing offers tailored content and can reduce bounce rates, leading to higher engagement and conversion rates. With today's technology, experiments are easy to initiate without coding knowledge, allowing hoteliers to swiftly optimize their websites for better performance on their direct channels.
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