Invest in Preventive Care image source The adage “prevention is better than cure” holds particularly true when discussing health plans. In the context of the hospitality industry, where employees often work long hours and face physically demanding tasks, preventive care can be a linchpin in maint...
No longer confined to managing budgets and financial reporting, CFOs are now integral to the strategic planning process. In the hospitality sector, where market conditions can be volatile and competition fierce, the CFO’s ability to provide strategic leadership is crucial. CFOs bring a unique persp...
Rate management in the hospitality industry is the practice of strategically setting and adjusting room rates to optimize bookings and maximize revenue. It involves analyzing a variety of factors to determine the best rate for each room at any given time. These factors include: Market conditions:The...
The European Hospitality Industry Outlook survey by Deloitte in 2023 found that 83 percent of hospitality leaderssurveyedstated that rising costs and labour shortage were the key risks to growth respectively. Leaders must also adjust their business strategies to cater to a more price sensitive, digital...
In 2020, the hospitality industry is facing dramatic changes. On the one hand, the global hotel industry has suffered heavy losses and struggled to survive under the impact of the epidemic; on the other hand, the unprecedented crisis has also created the opportunity to overtake...
or specialized cleaning for industries like healthcare or hospitality. Determine your pricing structure, taking into account factors such as the size of the space, the level of cleaning required and any additional services you offer. Remember to take all expenses into account to calculate yournet ...
Susan Bland, managing director of RBH Hospitality Management, added: “It is a brave move to say no to certain brands because they are not as tech savvy. But as an industry, we need to move this forward, and the only way is to stand up to those that are holding us back.” ChatGPT...
To stay ahead, hoteliers must prioritize strategic digital transformation and invest in integrated, cloud-based hospitality management systems. To learn more about Infor® Hospitality solutions, read our eBook“The future-ready hotel: Strategic technology adoption for industry leaders” and discover ...
ETF companies have even made it easier for you to invest in sinful companies and get instantdiversificationin the industry. While demand for things like tobacco and alcohol is certainly stable, sin stocks face higher regulatory and taxation risks than the average company. ...
Hospitality REITs manage hotels, resorts, and serviced residences. These REITs earn income from room rentals and related services, often catering to both business and leisure travelers. The performance of hospitality REITs is influenced by occupancy rates, tourism trends, and broader economic conditions...