Weekly Insights. March 2, 2024

Weekly Insights. March 2, 2024

Best hospitality industry articles focused on 💵revenue, 📊markets, and 🎯strategy (Feb 25 - Mar 2, 2024).

Alex Kapichin

Why high-tech and high-touch is the only way forward in hospitality?

Whether hoteliers like it or not, the hospitality industry is moving from low-tech and high-touch to high-tech and high-touch. But what kind of high-touch? Fewer, well-trained and well-paid employees using technology to provide stellar service. Service, which currently the poorly paid and trained employees, overwhelmed by labor shortages and mundane, repetitive tasks simply cannot provide.

The question is, how can hoteliers use technologies to reduce their staffing needs and afford to pay their employees living wages, train them better and empower them with the right tools to provide stellar service?

How to choose a culinary and restaurant management course?

Navigating the world of culinary and restaurant management education can feel overwhelming. But don't worry, we're here to help make this journey smoother and more meaningful for you. Embarking on a restaurant management course is a significant step towards a thriving career in the F&B sector. This guide will help you select the right restaurant management course, considering key factors like global recognition, curriculum balance, and practical learning opportunities. We'll delve into what makes a comprehensive course, from expert faculty involvement to the integration of real-world culinary experiences, ensuring your choice aligns with your career goals in the dynamic field of restaurant management.

How to increase hotel occupancy: 9 proven ways to grow your occupancy rates

It’s not a revelation, but a hotel cannot thrive—or survive—without a sufficient stream of guests coming through their doors. While operators will likely find success increasing their hotel’s occupancy rate by cutting prices, engaging in a “race to the bottom” with your competitors in pricing is not advisable for reputational and long-term financial health.

Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Below, we’ll highlight how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.

Is it realistic to focus on profitability over revenue?

Our Industry Expert Panel exists out of professionals within the hospitality & travel Industry. They have comprehensive and detailed knowledge, experience in practice or management and are forward-thinking. They are answering questions about the state of the industry. They share their insights on topics like revenue management, marketing, operations, technology and discuss the latest trends.

Maximizing vs. Optimizing: Navigating hotel commercial strategy for long-term success

In commercial strategy, the concepts of "maximize" and "optimize" play a crucial role in the success of a hotel. Although both terms refer to strategies aimed at improving profitability and asset value, they do it in different ways, each with its own implications.

What is Yield Management in the hotel industry? An introductory guide

For an independent hotelier with little commercial experience, dipping your toe into Revenue Management or Yield Management can be daunting. There’s a lot to learn and so many things to consider to make a success of your business.

After the pandemic, the hospitality industry experienced significant growth, paving the way for innovation and new hotel trends. Some, like renewable energy and sustainability, had been dominating the headlines even before the pandemic. While other trends, like artificial intelligence or bleisure travel, started transforming hospitality only in the past few years.

In 2024, all these trends are expected to continue shaping the industry. Keep reading to uncover the top hotel trends for 2024 as well as explore emerging trends poised to make an impact on your strategies this year and beyond.

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