While many industries focus on making and selling products, hospitality is more concerned with delivering service. A hospitality job is one that involves working in a service-oriented industry, such as tourism, lodging, events, transportation, or food and beverage, and performing tasks that foster a relationship with your company’s customers. Services…...
The Future of Travel: Trends and Predictions in the Hospitality Industry
In the grand theater of economic sectors, the hospitality industry has consistently played a lead role. A powerful force in the global economy, this industry has been a cornerstone of growth and development in countries worldwide. But it’s an industry that never stays static; it evolves and adapts to the…...
The 7 top hotel marketing channels and how to make the most of them
The global online travel market is estimated to be worth an impressive $1 billion in 2030. The demand is there, but are you capturing your share of it? To get your piece of the pie, you need to cover multiple hotel marketing channels and optimize them for direct booking revenue. Hotel…...
6 Trends & Predictions For The Future Of The Hospitality Industry
The world of travel and hospitality has always been at the mercy of change. Still, few could have anticipated the seismic shifts experienced over the past years. Now, as we look to the horizon, it’s time to examine the emerging trends and predictions in this industry. One of the most…...
Why operations is the most important part of a hotel business
To succeed in hospitality, you need to focus on operations above all else. Operations is more important than sales, marketing, design, technology, or revenue management. Excellence in hotel operations means happier guests, better staff, and more profits for your investors. I learned this through working with tens of thousands of hotels…...
Hotel Budget Plan & Example: Are you Ready for 2023?
No time to lose, the next year is almost here. And a good hotel budget plan isn’t made overnight. How far are you with your targets, budget, and plan of attack for next year? What REVPAR and GOPPAR do you need to achieve? Have you gone over what next year will look…...
Hospitality Tech Trends for 2023
If the past two years have highlighted anything about the travel and hospitality sector, it’s resilience. When COVID-19 hit, hospitality companies were still transitioning into digital- and data-led paradigms and adapting to non-traditional competition; during the pandemic, travel all but stopped in many places, leaving property owners and managers scrambling.…...
How Hotels Can Capitalize on New Hybrid Work Models
Working Collaborative Group Gatherings: A New Segment is Being Defined for Hotels The concept of a hybrid workstyle is revolutionizing businesses and salespeople. Thanks to recent technological breakthroughs, companies have the option to hire employees from any geographic location, thereby reducing overhead costs associated with office space and equipment. Read…...
5 Key Tips for Optimal Hotel Revenue Management Strategy in 2023 – Oaky
Despite pent-up demand and projected high occupancy rates, achieving revenue targets in 2023 won’t be a walk in the park for hotels. However, smart approaches to revenue management will help improve your hotel’s bottom line. We sat together with the experts from Duetto, an award-winning revenue management software solution for hotels,…...
Hotel Marketing Plan & Strategies | How to Market a Hotel
Today’s traveler’s journey is more fragmented than ever. With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating.…...
Hospitality Financial Leadership – How to Prepare a 5-Year Proforma
Preparing a five-year financial plan for your hotel might sound daunting, but it is all in your head. Let’s lay it out. You are either dreaming about a business that does not exist yet and you need a plan, or you are up and running and you want to look…...
Hotel Budget Season: Are you Ready for 2023? | By Patrick Landman
No time to lose, the next year is almost here. And a good hotel budget plan isn’t made overnight. How far are you with your targets, budget, and plan of attack for next year? What REVPAR and GOPPAR do you need to achieve? Have you gone over what next year will look…...
