The hospitality industry is enjoying its longest expansion and healthiest growth in decades, yet there are some troubling trends beginning to surface that threaten profitability and overall performance. One of these trends is that net room revenue - i.e., revenue that remains with the hotel after accounting for distribution costs (OTA commissions, traditional agency commissions, and other distribution expenses)has been declining steadily over the past several years.
The trick is to put yourself in the shoes of your guests and understand their journey to make this task effective. To get closer to your guests requirement, understand where they are most likely to find you and to design a strategy that will put you ahead of competition is a definite way to boost hotel occupancy. Weve put together a list of 9 simple and easy-to-implement steps that can help you increase hotel room occupancy.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with both Henderson Park and Hines for the first Grand Hyatt hotel in Greece, Grand Hyatt Athens. The opening is expected in Q3 2018.
Don Quixote tilted his lance at windmills: we tilt ours at service standards that do not meet expectations, which is why I am spending a perfectly beautiful Florida spring Sunday inside, banging away on the keyboard when sensible people are beaching, sailing, golfing, etc.