Hotel news and insights for current and aspiring leaders.
WEBDec 9, 2022 · Redefining Hospitality: The Rise of Gen Z in the Industry. Gen Z is challenging the hospitality industry to up its game. By possessing different sets of skills, different approaches to work, and different education, they offer a significant change. Not only this but they are doing it with flair, and in some cases even outperforming their ...
An unpredictable market with silver linings: hotel performance in …
WEB5 hours ago · The demand for Meetings, Incentives, Conferences and Exhibitions (MICE) has been generally increasing in 2024, and commentators say this is set to increase further. In fact, the global MICE market is projected to grow from $970.76 billion in 2024 to $1,932.73 billion by 2032 (Fortune Business Insights).
2023 trends: Top 5 future innovations in hotels and hospitality
WEBJan 19, 2023 · AI-driven robots are emerging as a popular tech trend with automation and self-service playing an increasing role in improving the hotel customer experience. Robots can help with speed, cost-effectiveness and accuracy. A pioneer in robotic customer experience is the famous Henna na Hotel, in Japan and last year, the hotel opened its 2nd ...
Essential hotel business strategies you need to know in 2022
WEBNov 25, 2021 · Investigate Cost & Profit Margins. First things first, you need to make sure you’re spending your available investments and budgets in the best possible way. This means looking into how you’re marketing, which channels you’re spending your money on, and how you’re putting yourself out there. In short, you need to make sure you’re ...
Elevating hotel management for the future - eHotelier
WEBMar 8, 2024 · As we navigate the future of the hospitality industry, hotel managers stand at the forefront of change, guiding their teams and operations towards new heights of excellence. By focusing on exceeding guests’ service expectations through personalisation, technology, and sustainability; nurturing team members with continuous learning, a culture ...
The top 10 hotel performance metrics - eHotelier
WEBJun 7, 2022 · Top 10 Hotel Metrics to Track. 1. Revenue Per Available Room (RevPar) Revenue per available room (RevPAR) is the average revenue generated per available room in a hotel. It considers a combination of occupancy, rate, and revenue for all available rooms within a property. It can be measured daily, monthly, or …
2Q-2022 Hotel Industry Outlook and Market Intelligence Reports
WEBJun 2, 2022 · Currently, Lodging Analytics Research & Consulting (LARC) expects U.S. RevPAR to increase by 27.3% to $91.48 in 2022, which would put 2022 RevPAR 5% above 2019 levels. The recovery is driven by continued strength in ADR. LARC expects ADR to be up 17.3% this year to $146.19, which is 11% above 2019 levels.
2021 Top hospitality industry trends - eHotelier
WEBJan 13, 2021 · From necessary COVID-19 adaptations to accommodating evolving consumer preferences: the TOP 10 hospitality industry trends. 1. Going contactless. You may remember that “digitized guest experiences” featured on last year’s hot list.
7 changes the hotel sector can’t afford to ignore
WEBJan 21, 2022 · Here are seven changes that businesses can’t afford to ignore as we move into 2022. 1. Reliance on technology. The use of smart rooms, digital reception, keyless rooms entry, smart payment, smart check-in/-out – with some hotels eliminating the need for a front-of-house reception team entirely – is now becoming commonplace.
Why sustainability in the hospitality industry must be our
WEBMay 19, 2021 · Hotels need to take our future into our own hands to ensure the resilience of our industry and the 319 million people it employs worldwide. We need to step up and become active sustainability leaders, for three simple reasons. 1. The hospitality industry depends on a healthy global ecosystem and is uniquely …
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