Luxury Hotels
Lodges, eating places battle to remain afloat as meals costs soar
KISII, Kenya July 30 – In the previous couple of weeks, Kenyans have been struggling to deal with the rising value of meals costs led to by adversarial climate and rising enter prices which have been worsened by the Ukraine struggle. In response to the Kenya Nationwide Bureau of Statistics, the inflation fee for meals costs rose to 12.4 % in Could 2022, up from 7 % in Could 2021. This enhance in meals costs has been largely affected by hoteliers in Kisii County with most of them struggling to take care of their workers and clients and make revenue…
Hotels Food
Iconic Churchill portrait reported as stolen after a decoy hung as a replacement for months
A well-known portrait of former British Prime Minister Winston Churchill seems to have discovered itself on the middle of a heist. The portrait, on show on the Fairmont Château Laurier in Ottawa, Canada, was documented by Armenian-Canadian photographer Yousuf Karsh in 1941 and put in in 1998, the resort posted on Fb Monday. The resort stated the {photograph} was changed with a duplicate of the unique. It found the swap when a upkeep worker who cares for the resort art work and images observed the picture wasn’t aligned correctly on the wall, stated Geneviève Dumas, the resort’s basic supervisor. Lodge…
Luxury Hotels
Inns and eating places cannot levy service cost by default, says CCPA
The Central Client Safety Authority (CCPA) on Monday barred inns and eating places from levying service cost by default in meals payments, and allowed prospects to file complaints in case of a violation of the norms. There shouldn’t be any assortment of service cost by another identify, it added. The inns have to obviously inform the buyer that paying the service cost is on the client’s discretion, the CCPA mentioned. The rules empower shoppers to complain in opposition to the apply underneath varied provisions of the Client Safety Act, tagging it as an ‘unfair commerce apply,’…
Hotels Food
How Hotel Pricing is Going to Change in the Age of AI
Imagine a world where your hotel knows what a guest wants even before they do. A world where your pricing strategy is not just about numbers, but about understanding choices, dreams, and the urge to travel. A world where your revenue management and marketing teams work hand in hand to craft personalized offers that guests can’t resist. Sounds utopian right? Well, with Artificial Intelligence (AI), this dream is becoming a reality. Over the last few months, we have seen ChatGPT, Bard and other travel-technology companies use Large Language models to fundamentally alter the way travelers looked for inspiration, searched for…
Hotels Food
The Potential of Blockchain Technology in Boosting African Tourism
Written by: Obiora Ndili Africa is home to some of the world’s most beautiful natural wonders and diverse cultural experiences. It has become a popular destination for tourists from around the globe. But the tourism industry in Africa is facing various challenges such as lack of infrastructure, weak regulation, and low levels of investment. However, blockchain technology has the potential to revolutionize the tourism industry in Africa. Blockchain technology is a decentralized ledger that can record transactions in a secure, transparent and immutable manner. It has already shown great potential in various industries such as finance, healthcare and supply chain…
Hotels Food
Leveraging the Power of the Metaverse
Written by: Juliette Girardin Event risk management is critical to ensuring the safety and security of attendees, personnel and the venue. It takes time and effort to identify, assess and mitigate possible risks to an event’s success. Yet, because most events are constructed over a few days and only happen once a year, it is difficult to think of all the possibilities. With the rise of the metaverse, the work of risk managers may become more effective and secure. The metaverse is a multi-user virtual area in which people can engage with each other and with virtual items in a…
Hotels Food
A major hotel chain abandons San Francisco, blaming the city’s “clouded” future
Park Hotels & Resorts, one of the nation’s largest hotel real estate investment trusts, is pulling out of two hotels in downtown San Francisco, saying it lacks confidence in the city’s ability to overcome “major challenges.” Park Hotels said that it has stopped making payments toward a $725 million loan backed by two of its San Francisco properties, the 1,921-room Hilton San Francisco and the 1,024-room Parc 55 San Francisco. Both hotels are located near the Moscone Center, a conference venue that prior to the pandemic drew throngs of professionals to the area. San Francisco hasn’t fully recovered since COVID-19…
Hotels Food
RateGain Results for FY23 out; PAT Grows 8X YoY
Noida, May 19, 2023: RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q4 & FY23 ending on March 31, 2023, reporting record revenues and profitability with robust growth and operational efficiency contributing to higher margins. In an environment where most technology companies are dealing with both growth and cost pressures, RateGain continues to show robust revenue growth at 54.2% YoY to INR 5,651.3 Mn and substantial improvement in operating margins to 15.0% for FY2023, up from 8.3% in the prior year; on the…