Why is sustainability important in the hospitality industry?Sustainability in the Hospitality Industry:Hospitality is a broad category that applies to the restaurants and hotels that you frequent. Sustainability
Hotel data is essential information collected within the hospitality industry – guest bookings, preferences, revenue figures, occupancy rates and feedback. It covers metrics that can help you improve your hotel's operational efficiency.Whether from PMS, guest surveys, reservation management systems, or...
Why Corporate Social Responsibility is Important for Developing Customer Loyalty in Hospitality Industry?merchandise, creation and taxes in return (Crane, & Matten, 2007). So both are reliant and in need of each other, therefore it is essential for both to collaborate, benefit each other while ...
In the hospitality industry, embracing diversity and inclusion is not just a moral imperative—it’s a business necessity. Event management professionals have a unique opportunity to lead the charge in creating inclusive environments that benefit both staff and customers. By implementing thoughtful DE&I...
Move over RevPAR, there’s a new KPI in town. Recently, TRevPAR, which is short for Total Revenue per Available Room, has been gaining recognition as an important measure of success for lodging businesses in the hospitality industry. Why? Because unlike otherkey performance indicators(KPIs) ...
Within the hospitality industry, the comfort of your guests is as crucial as the quality of food you serve. An important aspect of comfort is the role played by Heating, Ventilation, and Air Conditioning (HVAC) systems. These systems do more than just maintain a pleasant temperature; they ens...
Travel thought leaders Skift, recently published a report on the current state of martech solutions in the travel industry. The trend in travel is toward greater martech spend, increased adoption, and positive business outcomes. Martech needs to create only the most relevant and meaningful experien...
Hospitality industry includes hotels, resorts and restaurants. Initially these industries incur high fixed cost which is why they are able to provide...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
not been impacted to some extent by “big data”. The term big data refers to the collection of huge amounts of data which is then analysed and used to predict future trends. This makes the process sound relatively simple but it has had a revolutionary impact on the hospitality industry. ...
Like any acquisition, it is important to understand the metrics that are used to judge how the asset is performing. In the hospitality industry, RevPAR (Revenue per available room), is calculated by multiplying the ADR (average daily rate) by the average occupancy rate of the hotel, and, ...