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Industry Dematerialisation
Youri Sawerschel | May 14, 2020
By Youri Sawerschel What services can hotels offer that digital upstarts can’t? For centuries, the core of the hotel business has been essentially the same everywhere. Sell rooms, check in the guests, serve breakfast and check them out. But now Online Travel Agencies (OTAs) have taken over the booking element, apps like Deliveroo and Uber Eats offer a myriad of breakfast, lunch and dining options, and Airbnb is challenging even the room portion of the business. This disruption has forced hoteliers to rethink their value proposition around a simple question: what can I offer that these digital upstarts can’t ? One answer to th
Paris Hotels Will Experience Short-Term Pain but a Strong Recovery to Follow, Says HVS London
HVS | May 14, 2020
14 May 2020, London: Once the Paris hotel sector overcomes the initial period of recovery, the longer term, post-Covid future looks promising with the Olympic Games in 2024 expected to provide a much-needed boost to tourism. Looking at recovery in Paris’s hotel sector, global consultancy HVS says that the Games are likely to benefit the rebound of tourism, with the €2bn investment plan to revitalise Disneyland Paris expected to go ahead, albeit with possible delays because of the pandemic. Paris is currently undergoing a phased easing of the strict coronavirus lockdown measures imposed on 17 March, with hotels – as well as resta
Guest Perspectives Post COVID-19: What Hotel Guests Want From a ‘New Normal’
Terri Miller | May 14, 2020
By Terri Miller As human beings we know change is inevitable. They say life is 10% of what happens to us and 90% is how we respond to it. There’s no question the hospitality industry will rebound from this challenging period. And when we do, it would be naive to think everyone will resume life as we knew it. We need to first acknowledge guests will adjust the way they travel and interact with hotels. But we have to go further than just acknowledgement. We must understand, adapt, and respond before the first guests ever (re)crosses our threshold. We need to actively re-instill trust before a guest even considers travel. Technology and
ProfitSword Publishes Best Practice Guide on How Hoteliers Can Overcome Market Uncertainty and Safeguard Revenue
ProfitSword | May 14, 2020
In-depth report details how latest business intelligence practices can preserve hotel financial stability and ability to implement successful strategies despite economic challenges. ORLANDO, Fla. – (May 14, 2020) – ProfitSword, hospitality’s premier developer of business intelligence and data integration software, has published a detailed guide demonstrating how hoteliers can leverage the latest business intelligence strategies and their organization’s performance data to safeguard hotel operations and revenue during times of economic hardship. Entitled, “Staying One Step Ahead of Economic Uncertainty With an Effective Business
First Hospitality to Manage Fairfield Inn & Suites by Marriott Columbus OSU
First Hospitality | May 14, 2020
COLUMBUS, OHIO - May 14, 2020—First Hospitality today announces it has assumed management of Fairfield Inn & Suites by Marriott Columbus OSU. The hotel is owned by Fillmore Capital Partners, LLC and features a fresh, contemporary design following a $4.5 million renovation. “This hotel is a strong addition to our portfolio, and we look forward to continuing our partnership with Fillmore Capital,” says David Duncan, president and CEO of First Hospitality. “We’ve been managing hotels in the Columbus market for nearly a decade. I’m confident that Fairfield Inn will continue to be an asset for Columbus visitors under the leader
Hotels at Secondary and Tertiary Airports Will Suffer Longer
Jenny Lee | May 13, 2020
By Jenny Lee The coronavirus pandemic’s impact on travel is thought to be six or seven times greater than the 9/11 attacks, according to the U.S. Travel Association. Air travel volume fell precipitously through March. The estimated revenue losses by air carriers in 2020 is at least $252 billion. In late March, domestic carriers received a $60 billion bail-out, with some strings attached. The Department of Transportation issued an order that carriers receiving financial assistance under the Coronavirus Aid, Recovery, and Economic Security Act (the CARES Act) are required to maintain minimum air service to all destinations served as o
Canadian Lodging Outlook Quarterly 2020-Q1
HVS | May 13, 2020
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. Source: STR Source: STR If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504. HVS Canada performs major portfolio appraisals and single-asset consulting assignments and valuations from coast t
The National Conference Center Names Kevin Croke Vice President, Sales & Marketing
the National Conference Center | May 13, 2020
Leesburg, VA (May, 13 2020) – The National Conference Center, the nation’s premiere learning and conference center located in Leesburg, VA has named Kevin Croke as Vice President Sales & Marketing. Geoff Lawson, VP & General Manager of The National made the announcement. “The National is committed to providing the best in class learning environment dedicated to serving and supporting those organizations investing in learning and development,” said Lawson. “Kevin has a proven track record of results in sales leadership and operational excellence. We are confident that his experience and invaluable knowledge will be a great