Hotel Business Review: Week of Sep 29, 2014

Sherry Heyl
  • Social Media & PR
  • 10 Ways Travelers Use Social Media to Plan a Vacation
  • Today, when we need an escape, we turn to the mobile apps on our smart phones and the Internet. When we need a mental break from work, we turn to our social networks. When we need to escape boredom we turn to our news feeds. When we need to avoid an awkward moment we face one of our many digital screens. So it should be no surprise that when we need a break, an escape, a getaway we turn to our social networks, news feeds and various digital screens to plan a vacation. Read on...

Kathleen Pohlid
  • Hospitality Law
  • OSHA Recordkeeping Requirements: A Synopsis of Current Requirements and Proposed Changes
  • Record keeping did not make OSHA’s Top Ten list of most frequently cited violations in 2013, nor in 2012. However, when the proposed record keeping changes go into effect, establishments will have significant incentive to ensure they are complying with OSHA recordkeeping rules and maintaining a safe workplace. Record keeping information provides an important safety and health summary for establishments, alerting them as to potential serious problems and serving as an opportunity to identify potential violations for correction before OSHA arrives and which may lead to other injuries, or worse, fatalities. Soon this information will be available to the public. Read on...

Larry  Mogelonsky
  • Sales & Marketing
  • A Three Step Relief Plan to OTA Frustration
  • The OTAs have become entrenched in customer hotel purchasing habits and this can have very harmful long-term effects. Firstly, the commissions they take squeeze a property’s margins until it has no choice but to cut services in order to stay in the black. Next, the OTA marketing machines are especially powerful, shifting guests away from hotel brands to the point where consumers are no longer loyal to one particular brand and no longer aware of each brand’s unique points of differentiation. This article will address the issue through three broad steps as well as actionable tactics to reengage consumers. Read on...

SEPTEMBER: Hotel Group Meetings for 2015

Drew  Salapka

Revenue management continues to grow in importance across brands and independents, with hotels of all sizes. Strategies for success abound, but who is executing the strategy at the hotel level? Do the frontline staff members understand what must happen to the rate at their property from day to day, even hour to hour, in order to assure financial success? Drew Salapka maintains that you must conduct training with not only the hotel’s sales they need in order to be successful team, but also the front desk associates. They must be equipped to understand and work with revenue management. Read on...

Holger  Bause

The evolution of location based services and applications is changing the way that hoteliers think about revenue management. With apps that will initiate contact with the guest, hoteliers will have the ability to fully customize the guest experience, from the time the guest books a room, to after the guest has checked out. There will be a significant impact on “big data”, as hoteliers will have access to their guests’ habits before, during and after their stay. Revenue managers will be able to use this data to personalize offers for guests and increase revenue. Overall, it seems that location based services are very much at home in the hospitality industry, and are one new technology that every hotelier needs to keep a close eye on. Read on...

Jean Francois Mourier

Anyone who has worked in the hospitality industry for any period of time would know that - in hotels of all sizes - the Director of Revenue Management and the Director of Sales are often completely at odds with one another. No matter how experienced or knowledgeable, there is generally a confrontational relationship even over the simplest pricing issues. If one says to 'offer a discount', the other says to 'raise the rates'. If one suggests a focus on group sales, the other suggests transient sales instead. No matter what the issue, it is often very difficult to get these two employees to see eye-to-eye (or rate-to-rate) and it can create a huge problem for hotels. Read on...

Mario  Candeias

The hotel sector has been booming, feeding on the rebound of the global economy. Some asset managers and hotel executives in investment forums claim the industry is peaking. Development pace is strong, funding deals seems to be a problem of the past, rolling out new brands seems to be a growing trend. With more disposable income, more information and faster and cheaper capital flows, the speed of change increases, market cycles are shorter, time to market is cut-throat. There are “new kids on the block”, East and West, North and South. Stakes are high. For the army generals (Luxury Hotels), they are higher… Read on...

Bonnie Knutson

In today’s 24/7 interconnected media world, sustainability (or conservation or greening) and public relations go hand-in-hand. In recent years, environmentalism has move from a being fringe issue to becoming a mainstream issue. Whether driven by the bottom-line, government policy, or consumer sentiment, sustainability is at the forefront of most – if not all -- our collective business decisions. And it has moved from being desirable to being necessary for successful property management too. Is this article, find six tips for optimizing your PR green strategy Read on...

Coming Up In The October Online Hotel Business Review


Feature Focus
New Developments and Best Practices on Maximizing Revenue Management
Revenue Management is the application of precision analytics that predict consumer behavior and optimize product availability and price to maximize revenue growth. The primary aim of Hotel Revenue Management is selling the right room to the right customer at the right time for the right price. The essence of this application is in understanding customers' perception of product value and accurately aligning product prices, placement and availability with each customer segment. In the hotel industry, implementing an effective revenue management strategy is a vital component of its operations. In fact, in a recent survey of nearly 500 revenue management professionals in the hotel industry, they predicted that revenue management strategies will become even more targeted and will be supported by increasingly sophisticated technology, as they are applied to other areas within a hotel. In particular, revenue management techniques are likely to be integrated into other hotel income streams, including spas, restaurants, conference/groups and golf courses. As a consequence, the revenue management function will become more crucial to hotel operations, and will likely become a separate department that is under the general manager’s supervision. The October issue of the Hotel Business Review will address these significant developments and document how some leading hotels are executing their revenue management strategies.