UAE Restaurant Diners Might Quickly Take pleasure in Meals Constructed from Lab-Grown Meat
Written by: Rochak Khandelwal All of us love meat after we collect round barbecues and on the dinner desk. But when somebody would have mentioned a number of years in the past that the meat steak or the burger we’re consuming is developed in a laboratory, it could sound like science fiction. Meals critics first tried a lab-grown burger in 2013, and your entire world watched. The tiny pink patty was used as proof that it was possible to generate protected and palatable meat with out butchering any animals. It was taken out of a petri dish and cooked in…
How The Industries Of Journey & Meals Can Profit One One other In A Submit-Pandemic World
Tim Hentschel, Co-Founder & CEO of HotelPlanner Group Hentschel Tim Hentschel, Co-Founder & CEO of HotelPlanner, is somebody who lives and breathes journey. He launched HotelPlanner.com in 2003, on the peak of the dot-com period after an informal dialog over beer on what the largest problem to reserving resorts was for vacationers on the time. Quick ahead to in the present day, the journey expertise firm is among the world’s high facilitators of particular person, group and company bookings, specializing in negotiated group lodge charges, prolonged stays and extra for every little thing from weddings to sporting occasions. This reserving…
Total Revenue Management and the Mi$$ed Opportunities
Written by: Katerina Papadima Total revenue management is not a new concept, but it is one that hoteliers will embrace more for the years to come. To implement it, though, we first need to define it. What is total revenue management? Extending Revenue Strategy Across All Departments and Guest Journeys Revenue managers have been focused on maximizing room revenue, and for a good reason: it is the highest contributing revenue stream. In the post-pandemic era, as travel levels surged and properties were running below full capacity given the staff shortages, we saw hoteliers pushing rates. As the effect of revenge…
Low Development Costs, High ADRs and Incredible Valuations
Written by: Jay Bhakta Glamping has taken the hospitality industry by storm over the last few years with developments occurring overnight. These remote-style stays became especially popular over the course of the Covid pandemic, as they offered the distanced retreats and vacation getaways that many craved after lockdowns. Due to the lack of physical structures required, development is rapid and far less costly. However, with the unique service proposition provided, glamping properties are able to charge high ADRs. And, as these properties are valued based on the income approach, their valuations are derived from their cash flow — resulting in…
How the Hotel and Travel Industry Can Monetize Non-Fungible Tokens
Written by: Dominika Duziak Editor’s Note: This blog post will feature podcast episodes from the HospitalityVerse Podcast, a new series that discusses the latest trends in hospitality technology, including discussions on the Metaverse, blockchain, NFTS and more. Remember NFT: one of the hottest buzzwords of 2021? Looks like last year’s hype died down — impacted by the “crypto winter” and the FTX meltdown. Just to recap: non-fungible tokens (NFTs) represent unique digital assets recorded on a blockchain that certifies their authenticity and ownership. Typically, when we talk about NFTs, we think of digital art and collectibles. Christie’s, one of the…
The Fall of the Traditional Dining Experience?
Written by: Ricardo Tellez The hospitality and, more specifically, the food and beverage (F&B) industry are two that live by the motto: “if it ain’t broke, don’t fix it.” Unlike almost every other industry, the F&B industry prefers to stick to tradition; despite the incredible leaps in technology made in the past decades, many restaurants have stuck to using pen and paper. However, in recent years there have been glimpses of a shift in this mentality. Instead of uniformity and conformity, people have begun to seek new and unique experiences. Additionally, with the rise of social media platforms, celebrity chefs…
International Travel Tips Ahead of HITEC Toronto 2023
Last year, hospitality professionals from 46 countries across the globe traveled to Orlando, Florida USA for HITEC North America. Will your HITEC journey be transnational in 2023? Here are some valuable travel tips to help non-Canadian attendees prepare for the upcoming trip to HITEC Toronto, taking place June 26-29 at the Metro Toronto Convention Centre. You can also visit cbsa.gc.ca and cic.gc.ca for more information on traveling to Canada. ENSURE YOU HAVE THE REQUIRED DOCUMENTS IN ADVANCE. Make sure you have all proper, up-to-date travel documents to enter Canada as a visitor. According to the Government of Canada, international visitors…