HOTEL BUSINESS REVIEW

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Stephen Darling

A hotel property in Kamloops, British Columbia decided to close a 5,000 square foot street-facing corner restaurant that was losing $500k per year. After four years of active marketing, they still could not find a tenant. Attempting to convert the eatery into a wellness space also didn't work. Following an unorthodox approach, the hotel transformed the space into a mediation and arbitration center called Centrepoint. This helped create symbiotic revenue as parties seeking Centrepoint's services would likely stay at the adjacent property in conjunction with freeing up hotel meeting space for larger events. READ MORE

Tony Bridwell

Being a statistic seems to be inevitable in life. In some way, each of us will find ourselves on a statistical list of sorts. For over half the country one such list is a reality: the “first time job” list. At some point in our life we have held a job in the hospitality/restaurant industry, and if you throw retail into the mix, it is possible to cover most of all the country. READ MORE

Bonnie Knutson

No matter how hot storytelling is in brand marketing and building, it is often misunderstood. One of the world's greatest brand storyteller, Guido Everaert, reminds us that good brand storytelling is not about the language, it is about creating and telling stories in a compelling way. It is about finding the right metaphors, and structure in which to tell your story. By doing so, you create a part of life and generate a story that is unique to your brand and, more importantly, can easily be readily remembered. In this article, you'll learn about the Storied Six of telling your hotel's brand story. READ MORE

Paul van Meerendonk

The hotel sector has never been a stranger to the winds of change. What was once considered leading-edge customer service practices, like offering free internet to guests or express checkout options, are now basic expectations that travelers view as standard services. Just as the hotel industry has evolved, so have the approaches that hotels have taken to attract the right guests at the right prices. The practice of revenue management, and the systems used to make accurate pricing decisions, have become even more precise and sophisticated in recent years. Most recently, these systems have begun incorporating data on competitor pricing activity and the pricing of services outside of guest rooms, like function spaces. Undoubtedly, the biggest change in revenue management today is the influx of large volumes of guest data and its impacts on future pricing decisions and hotel promotion. READ MORE

Frank Speranza

Many individuals and companies might not realize this, but social media is changing the face of recruitment in many ways, including a company's ability to secure the best talent. They are doing this by utilizing social media to provide incredible insights into candidates' backgrounds, personalities, the company they keep, and what their personal life looks like. Employers are looking at social media sites more and more as they check candidates to find out who they may know in common. READ MORE

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