The top performing hotel Sales Department will look very different than the model over the past 20 years. With the abrupt loss of demand and loss of traditional markets, it is critical to maximize the role of Direct Sales. Growing market share will be the focus to generate revenues and the successful hotelier in a competitive marketplace will quickly evaluate to devise and execute plans to impact market share. READ MORE

TRENDING

This Week's Top Pick

Emily Adams

Civil suits against hotel and motel chains for allegedly benefiting financially from human trafficking are on the rise across the country. On February 5, 2020, the December 2019 request for 38 human trafficking lawsuits pending in 12 states to be consolidated into one federal case was denied. As a result, lawsuits against hotel and motel entity defendants alleging violations of the Trafficking and Violence Protection Reauthorization Act will proceed in a minimum of 12 district courts in the coming months.

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The hospitality industry took one of the biggest financial hits during the pandemic, but it's in the position to make one of the biggest comebacks, including winning back market share from homestay offerings. Customer confidence will drive repeat, continuous traffic, and as leisure travel begins to pick up, hotels are in a competition for cleanliness to earn the trust of their guests through thoughtful upgrades and renovations. READ MORE

For some guests, the presence of a valet at the front door of a hotel is as expected as a bed in a guest room. And for hoteliers, implementing such a program may not seem to require much investment or planning. What they must keep in mind, however, is that valet programs don't come without risks, particularly in the wake of COVID-19. READ MORE

As much as we would like to believe that the bad news is largely behind us, we actually face something much more complicated for the next 24 months: uncertainty - around the virus, how the public will respond, etc. In human history this isn't the first time a pandemic and recession have impacted the human race. READ MORE

September FOCUS

Hotel Group Meetings: Demand vs. Supply

We are taking time to optimistically and critically rethink our meetings, including challenging their essential components, what may be dispensable, and what we've been missing. A meeting planner and small business owner shares her experience on COVID's effects on the planning community, why government needs to pay attention to letting meetings take place, how to get people back to in-person events, and why the pandemic is good for the planning industry. READ MORE

As the meetings and events industry responds to the pandemic, hotels have implemented industry leading best practices to gain event planner confidence. A key component of the events industry, hotels have to quickly pivot and adjust all phases of the buying process, execution, and operational guidelines to meet safely. Keeping the events industry moving forward and delivering on the value proposition of meetings, in smaller and groups, RLH Hotels are delivering. READ MORE

The meeting and event industry faces one of the toughest times in its history. Meeting Professionals International's quarterly Meetings Outlook survey predicted the lowest meeting and event growth on record, with only 36% predicting favorable business conditions over the next year. For organizers that are planning live events during this pandemic, we have a powerful opportunity to demonstrate how events can happen safely. READ MORE

Hospitality expert and podcast host Amy Draheim offers three key tips for hotel sales teams. From zoning in on your audience, to the latest ideas in tech, to learning how to communicate, Amy outlines how to approach communications both during and after the pandemic, to keep your property top of mind. READ MORE

ARCHIVES

More from our online Library Archives...

Sherrif Karamat

Business events are more than just meetings, trade shows or conferences at hotels and convention centers. The $1.05 trillion industry is a platform for economic and social transformation in addition to driving organizational success. There's a powerful community legacy created by business events through social impact and job creation. And, there's a knowledge exchange that benefits us all. Discover how global business events with different purposes contribute to the greater good and how business events can tackle complex issues in our society. READ MORE

Matt Inabinett

Authenticity and experience count when it comes to meetings and events in the 21st century. Attendees aren't just looking for an anonymous location in which to do business. They want to discover every nook and cranny of local culture in a destination, both as a part of a meeting and away from it. Creating a true sense of place can transform an event into something inspiring and unforgettable by incorporating the flavor of a city into every aspect of an event, from design to food & beverage, to unique experiences and beyond. READ MORE

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.