HOTEL BUSINESS REVIEW

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Selecting the right brand for your hotel can have lasting implications on the success of your investment. Investors should take time making this decision and assemble the right team when embarking on this complicated process. In this article, we examine how to evaluate brand options, conduct proper due diligence, and consider the financial implications of selecting a brand for your hotel. READ MORE

As we step into the new year, it is time to translate strategic priorities into action. Whether your goals are people-focused or business-oriented, they need a clear roadmap for execution. Formulating and documenting a direction moves the division, property and company. This article explores an "execution-driven" approach to turn vision into reality. Set your vision, and make it real! READ MORE

Hotels are entrusted with guests' personal and financial information. Protecting that data from nefarious actors and the increasingly sophisticated infostealers-which use emails, malvertising, spoofed websites and more to trick users into downloading malware that steals sensitive information stored on the infected computer-is financially and reputationally paramount for all hotels, regardless of size, guest profile, or geographic footprint. READ MORE

The hospitality industry is at a crossroads, driven by the rise of the 'Work From Hotel' (WFH) trend. As remote work becomes integral to modern life, hotel designs across North America are evolving to meet the needs of travelers seeking a seamless blend of work and leisure. This transformation focuses on creating spaces that support a hybrid lifestyle of comfort, productivity, and relaxation. READ MORE

The article compares brand-managed hotels with third-party managed hotels, outlining their key similarities and differences, and advantages and disadvantages. Each model has its strengths and weaknesses, and the ideal choice will depend on an owner's unique needs, market conditions, and long-term strategic vision. By weighing these factors carefully, owners can find the right balance to drive profitability and success in their hotel investments. READ MORE

In a market where everyone is hiring, today's workforce demands more than a paycheck to stay at one employer. Successful executives understand this, staying connected to employee needs, monitoring competitors' approaches, and making necessary adjustments to be the most attractive workplace. Winning organizations communicate their comprehensive total rewards, so employees understand the value of doing their job well and staying longer. READ MORE

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Kasia Russell

Partnering with an asset management firm can help maximize investor returns and property values. Asset management is particularly important in the current environment where macroeconomic conditions are in constant flux, geopolitical issues continue to intensify, and domestic monetary policy has considerable implications. The following article outlines how the right hotel asset management firm will help optimize the return on your hotel investment. READ MORE

Connor Vanderholm

This article explores advanced revenue management tactics used by hotel industry insiders, we call "Revenue Sleuths," to outmaneuver competitors and maximize profits. Key strategies include proper rate shopping, manipulating discount availability, corporate rate espionage, last-minute inventory manipulation, market segmentation, length of stay controls, and dynamic pricing. These sophisticated approaches help optimize revenue while maintaining a competitive edge. READ MORE

Coming up in March 1970...