Widespread use of technology has given birth to a new generation of millennial travelers leading to birth of multiple millennial-inspired hotels, which are fully equipped with technology to woo this special stream of guests. Needless to say, there is an immense unprecedented opportunity for the hotel industry to grow their business by leaps and bounds.
The ability to aggregate big data into meaningful insight helps hoteliers to provide unparalleled opportunities to improve existing guest services, create innovative marketing strategies, improve the efficiency of operations, and enhance the overall growth and profitability of the hotel.
Selecting competitive set wisely is important for any hotelier. Eliminating or including hotels for consideration as you select your primary competitive set as well as develop secondary or dynamic competitive sets.
Hotels are using technology to deliver unique experiences to guests. The power of technology is being significantly harnessed by hospitality industry to enhance guest experience, the role of human touch can never be undermined.
Think of a time when you want to buy something that you have been wanting for a long time. Did you do enough research and due diligence? Now that you are nodding your head in agreement, think about the sources of your research; friends & family and internet would be the top two go to…
Part 1 of 4 Modern Revenue Managers Bid Adieu to Traditional Revenue Managers The progression of the hospitality industry has transformed the revenue management as a central discipline in the hotel. Hotels of today are striving hard to gain more profitability by implementing the latest revenue management strategies and technologies which involve much more than…