Written by Shivam Sharma
As an institutional investor, consider your investments — a hotel, club, restaurant, anything. Being an investor requires knowing how to allocate the appropriate funds to the right assets at the right time. But what if you have someone who can intricately manage that for you? This is where an asset manager would step in and decide what exactly investors should expect in returns from their assets. They define the metrics and targets to be achieved so that the entire asset is optimized to its maximum potential. Then, there is ESG: environmental, social and governance.
Environment: issues…
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Tag: hotels with free breakfast and dinner near me
Blue shrimp from Mazatlan with chili sauce, sesame seeds, fish sauce and cilantro at Cabuya Rooftop.
URIBE PHOTOGRAPHY
The food and drink scene in Mexico City continues to garner international attention and accolades. Tourists are flocking to the country’s capital to experience its high end restaurants, famous street stalls, and award-winning cocktail bars. Thanks to this influx, hotels are popping up across the area, bringing new dining and drinking options for visitors and locals. Here are two recent openings worth adding to your list.
Andaz Mexico City
The new Andaz Mexico City Condesa, located in an architecturally renowned and recently…
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In the dynamic hospitality landscape, maintaining rate parity remains a critical concern for the hoteliers. What is rate parity? Nothing but the practice of selling equal rates across all distribution channels, including direct booking websites, OTAs, and offline sales channels.
Rate parity is key to ensuring fair competition as it guarantees that consumers receive consistent pricing, regardless of the channel through which they book. However, hoteliers must overcome some obstacles to preserve it.
Rate leakage is one of the main challenges that hotels face.
It occurs when unauthorized channels offer lower rates without the property’s consent, leading to rate disparities…
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Travelers from around the globe have had their say, voting in the American magazine Food & Wine‘s first-ever readers’ choice award. Designed to celebrate the best culinary destinations in the US and abroad, the Global Tastemakers awards reflect the best of restaurants, hotels, airports, and cruises for all kinds of destinations.
“One of the biggest joys of international travel is sampling the local cuisine. But what makes this experience even better is not having to leave the hotel to get the best regional bites,” describes Food & Wine.
When it comes to hotel stays where you’re sure to find amazing…
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Installing motion sensors in public areas to save energy.
Providing “always on” digital communication enabling guests to alert housekeeping when they prefer to reuse towels and sheets or have them refreshed.
Eliminating paper from check-in, check-out, and payment processes across a property and its amenities.
These are just a few actions the hotel is taking to become more sustainable. And with 78% of travelers opting for green/eco-friendly accommodations when booking worldwide travel, these are also ways hotels are attracting guests and elevating Return on Experience (ROE).
Let’s take a look at technology’s role in reducing energy consumption and waste while…
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Nicolas Durand, VP of Revenue Strategy & Partnership at S Hotels & Resorts, highlights the accelerated role of the commercial team in the hotel industry.
The pandemic has expedited the adoption of cloud-based technology, allowing for better data utilization and optimization of revenue management across various departments such as food and beverage and spa. Durand emphasized the need for adaptability in response to rapidly evolving markets, mentioning the unpredictability of border openings and closures. The closure of China as a key source market poses challenges for tapping into new markets effectively.
Overall, Durand underscores the importance of data-driven decision-making and…
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In a discussion on technological changes and adaptation for profitability in the hospitality industry, Nicolas Durand — VP, Revenue Strategy & Partnership — from S Hotels & Resorts emphasized the accelerated development of their commercial team during the pandemic. The utilization of cloud-based technology has become essential for accessing and analyzing data to optimize revenue in various areas such as rooms, F&B and spas. He highlights the need for adaptability and quick market response in the face of changing dynamics. With the unpredictability of border openings and closures, the hotel industry must explore new markets to sustain profitability.
S Hotels…
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Siddesh Gawde — Head of Marketing (Kingston Hotels Group) — highlights the critical role of automation in addressing the manpower shortage and driving profitability in the hospitality industry.
With a tight labor market, automation emerges as a key solution to streamline operations and enhance efficiency. Gawde encouraged commercial team heads to prioritize considering automation during these challenging times. The implementation of automation technologies can help overcome labor challenges and pave the way for improved profitability in the hospitality sector.
Watch the video here:
Read the complete transcript here:
I think one of the main things that is required is automation,…
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