HOTEL BUSINESS REVIEW

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Andrew Freeman

What once served almost solely as a waiting place - a place to kill the time before check-in or after check-out, the hotel lobby is now becoming a destination in and of itself. Many of the greatest moments in film and literature have taken place in hotel lobbies --- from the lazy summer days at The Plaza in The Great Gatsby, to The Graduate's Benjamin Braddock's realization that Mrs. Robinson was indeed trying to seduce him in the lobby of the Taft Hotel. And now great moments can happen again each and everyday, as lobbies are no longer just quiet waiting spots, they are becoming the "it" spots at the best hotels around the world. READ MORE

Arthur Weissman

By integrating software tools that are now available on the market for real estate management and project performance, many hotels are becoming more and more reliant on computerized databases to monitor, assess, and report on their companies' environmental and social goals. In this article we will try to explain how making improvements in hotel management software systems and other types of workflow management systems can enable hospitality managers and property owners to adopt a life-cycle management approach within their brand or property. READ MORE

Steve Kiesner

Electricity is there when you need it. And it has been this way for almost one hundred and twenty-five years, since Thomas Alva Edison developed the first practical electric light bulb and set off a revolution that changed virtually everything in our society. But electricity, and indeed all energy, is something we can't take for granted. Although most people think about electricity only when they flip on the light switch, the U.S. electric system consists of a massive, interconnected network of generating plants, transmission lines, and distribution facilities. Energy legislation is needed now to reinforce electric reliability, foster more efficient, competitive electric power markets, promote fuel diversity, and expand our energy supplies and production. At the same time, a national energy bill needs to stress efficiency and the wise use of existing resources. With electricity consumption expected to increase 49 percent between today and 2025, these supply and demand measures are the best long-term solutions for our energy future. READ MORE

Matthew Rosenberger

So what type of branding is your hotel engaged in to reach children? Have you considered the impact branding has on children under the age of 10? Branding is an advertising method designed to establish recognition and positive associations with a company name, product or logo, with the goal of creating lifelong customers. We know now it's possible to reach customers even when they are still in diapers. Since brand recognition begins as early as 2 years of age, particularly when cartoon (think cereal advertisements) or cartoonish (think fast food advertisements) licensed characters are used to sell products, experts agree that marketers who reach these very young children with an effective branding campaign build stronger brand loyalty as a child grows. READ MORE

Dan Brown

The ultimate responsibility and goal of a hotel manager is to achieve a profit for the hotel's owner and ensure that the hotel's guests are happy with their stay. To that end, a hotel manager acts behind the scenes at a hotel like a puppeteer with numerous day-to-day responsibilities for nearly all aspects of a hotel's operations, including, but not limited to, supervising and managing personnel, marketing, sales, security, maintenance, and food and beverage operations. READ MORE

Gini Dietrich

We are well into the 21st century, and as technology continues to advance all around us, the business climate is changing. PKF recently forecast that lodging is going to be down again in 2009, but that capacity is on the rise. With the combination of both, profits are expected to also decrease. However, the lodging industry is adept at taking cost out when demand drops, and using bloggers and other social media to continue your communication efforts is critical. READ MORE

Jane Segerberg

We are no longer mouthing the words, "Doing business in a brand new way". With the recent changes in the economic climate and subsequent changes in travel patterns and customer loyalty, we are doing business in a brand new way and saying "Who do we want to attract and who do we want to keep as loyal customers?" In the spa business, the anchor currently is the Baby Boomers. READ MORE

Michael Goldstein

We've equipped our stylish guest rooms with the most current, cutting-edge technology, provided unparalleled bedding made from the finest Egyptian cotton and luxurious spa-like guest baths and products. Yet all of those amenities and appointments can quickly dissipate in the eyes of our guests if they do not encounter employees who are responsive to their needs and sincerely hospitable. Simply put, it's paramount to remember that the most logical and practical way to outperform your competition is directly through your employees. They are the ambassadors for your hotel - and should be recruited and trained to complement and enhance your multi-million dollar assets. READ MORE

Nina Curtis

It should be known by now that all we do is connected to selling. We sell concepts, dreams, fantasies, hope, results, and more. But so often we only think that the products on the shelf are all that we sell, but this is far from the truth and usually the last thing we sell, if we sell at all. It would behoove all of us to take inventory on what we are really selling so that we know how to clearly and consistently market it to our potential guest. READ MORE

Greg Pesik

We know why hoteliers look to bring groups to their venue. That answer is simple: Revenue. As I have said in past articles, group events represent a $30 billion+ market opportunity for hotels, and over 30% of a hotel's total revenue on average. Many hotels rely on group events for over 50% of their revenues. In order to tap into this opportunity hotels are scrambling to line up their calendar of events for the year ahead. One question I get from many customers, colleagues and friends in the business is the following: "Once we have booked a healthy amount of group events, are there any additional ways to identify and generate more revenue from each event so we can take our group revenue up to the next level?" These folks are always glad when I answer that question with a firm "Yes." The question is how, and read on to find out more! READ MORE

Roberta Nedry

How many times does the guest feel like they are the one waiting versus the wait staff waiting on them? What are the timing issues that make or break a service encounter? How does timing impact the overall guest experience as a service factor? Consider making time to analyze 'time' with employees who have "time" with guests. The 'weight' of the wait in the world of service delivery should not be underweight or overweight! READ MORE

Steven Belmonte

The consumer marketplace is being transformed by a generation of socially-aware individuals who would like to see companies they patronize and work for take the lead in making the world a better place. Surveys have long validated the growing power of the baby boomer generation, and businesses should not dismiss those unique wants and needs. On top of that, the younger Generation Y members are voicing their desire to embrace causes they are passionate about. To the hotelier, this means that guests and employees want a promise of social vision and to be a part of a brand that advocates social improvement. READ MORE

Tom LaTour

In the past five years, the fractional ownership buzz has been amplified within the luxury space -- and throughout popular culture as well (nee Hard Rock "condotels"). The result of this attention? Resort owners and developers around the world are tapping into the fractional ownership trend. By all indications, there's a paradigm shift occurring away from hotel rooms and more toward luxury vacation lifestyle experiences. Consequently, these new ultra-luxe fractional resorts are catching the eye of developers and investors alike who want to be well positioned when the economy regains its strong footing and luxury consumers start flexing their buying power again. READ MORE

Jed Heller

A well conceived and executed marketing strategy can be the key success factor for small hotel owners, whether the property is privately owned or a small franchise within a large chain. In today's uncertain economy, many hotel owners are rethinking their marketing strategy and re-evaluating the magnitude of their financial investment as they can't afford to waste their limited funds allocated to marketing. But, they can't survive without a marketing investment either. Logic dictates that owners must get the biggest bang for their buck with their marketing spending. READ MORE

Joanna Harralson

Whether your property has a morning coffee n' croissant cart or a more extensive food & beverage take-out venue, are you certain that the correct safeguards are in place to protect your profits? Here are some questions that could uncover weaknesses that can result in your venue's bottom line being compromised. READ MORE

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