News2020-01-29T13:02:29+01:00




Hospitality Meaning: Understanding the Hospitality Industry

Hospitality is a large and complex industry, meaning delivering services and solutions for guests. The hospitality sector is intimately connected to the hotel and travel industries yet distinct from both. "Hospitality" isn't just a set of services -- it's a culture. In this article, you'll learn about hospitality as an industry and a concept. Table of Contents: Hospitality: Meaning? What Is the Meaning of the Hospitality Industry? What Is the History of the Hospitality Sector?

Slow Tourism: What It Is, Its Importance, and Examples

Slow tourism is an emerging tourism trend that serves as an antidote to some of the negative aspects of mass tourism. At the same time, slow tourism places a strong emphasis on sustainability, engagement with local culture, and fully appreciating travel experiences. Here, you can learn more about slow tourism, including how it is defined, its growing importance, and how it can be beneficial, complete with examples. Table of Contents: What is Slow Tourism? What

Restaurant Management Software: A Complete Overview

Investing in the right restaurant management software can greatly improve your business's efficiency and overall effectiveness. Of course, to find the best solutions for your restaurant, you need to understand the different types of software on the market and how they work. This article will explore various restaurant management solutions, their benefits, their main features, and more, allowing you to make more informed decisions. Table of Contents: What is Restaurant Management? What is Restaurant Management

The Basics of Revenue Management Explained!

Revenue management is concerned with optimizing financial results and is especially popular in industries like hospitality, which must contend with high fixed costs and a perishable inventory. For example, hotels have a certain number of rooms and fixed costs, which must be met regardless of how many rooms are sold. In such industries, revenue management predicts demand and optimizes inventory and price availability. When utilized correctly, this will ultimately result in higher revenue. Table of Contents: History of Revenue Management What is Revenue Management? Necessary Conditions for Revenue Management Revenue Management vs. Yield Management The Importance of Revenue Management All

Interview with Founder and CEO Tom Dibble of Screen Pilot

In this interview, we're talking to Tom Dibble, the founder, and CEO of Screen Pilot. Screen Pilot optimizes hotels' direct distribution channels with comprehensive digital marketing solutions. This provides several benefits, including increased booking and brand recognition, decreased need for third-party services, and a larger return on investment. Can you tell us a bit about yourself? I was born in the U.K. and spent a few years in

Should Sales Teams Receive Revenue Management Training?

Question for Our Revenue Management Expert Panel: Should Directors of Sales be trained in Revenue Management? How would it affect their understanding of Revenue Management complexities, their results & strategy? (Question by Connor Vanderholm) Our Revenue Management Expert Panel Connor Vanderholm - CEO, Topline Tanya Hadwick - Group Revenue & Yield Leader, SunSwept Resorts Heiko Rieder - Vice President Business Development, Travel Charme Hotels & Resorts Diego Fernández

Unique Direct Booking Perks: The Power of Travel Assistance Insurance

Today, as travelers seek a blend of convenience, security, and added value, hoteliers can distinguish themselves by providing incentives that resonate deeply with potential guests. Travel assistance insurance has emerged as a powerful tool that not only sets hotel’s direct channel offerings apart but also empowers guests with peace of

5 Ways to Invest Surplus Marketing Funds Before Year End

As the fiscal year ends, it’s not uncommon for hotel teams to discover unallocated funds in their marketing budget. Since the golden rule of budgeting is “use it or lose it,” here are five quick, effective ways to make an impact with surplus dollars before the end of the year.

Rethinking Off-Season: Revenue Strategies Hoteliers Need to Follow

Unless you’re operating a ski resort or fortunate enough to have a property located in a year-round warm-weather travel destination, the autumn and winter months can be particularly slow for hoteliers. These low-season booking conditions can lead to some hoteliers adopting an ‘a busy hotel is a successful hotel’ strategy,

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