Be a part of Your Fellow Hospitality Professionals On-line in New HFTP Neighborhood Teams
By: Mark Pate Sr., CHAE, CHTP, MBA, HFTP International President Are you searching for that subsequent position to take your profession upwards the place you need it to go – or maybe looking for to fill a vital position at your organization with the precise particular person? Are you attempting to unravel a seemingly insurmountable drawback at work – or simply questioning if there are different folks on the market fighting an {industry} problem such as you? The perfect reply usually lies in constructing connections. Because the president of an affiliation, I realized way back the worth of getting concerned…
Can Proptech Remedy the Asset-heavy/ Asset-light Dilemma?
Written by: Victoria Loing In a globalized world and really aggressive setting, lodges are preventing to stay leaders of their market. Which manufacturers to develop? How one can retain clients? Which modern expertise to implement? Which enterprise mannequin technique to observe? These are a non-exhaustive checklist of questions resort teams ask themselves to carry out in a continually evolving setting. This weblog will concentrate on the asset-heavy/asset-light technique difficulty and the way innovation akin to property expertise (proptech) can clear up the issue. Let’s begin with the context: actual property is an asset in hospitality but additionally a legal responsibility.…
How the Hospitality Business Can Battle “The Nice Resignation”
Written by: Sheheryar Javaid This text is not going to contact on the influence “The Nice Resignation” has had on the hospitality {industry}, as we’re properly conscious — the main target will as a substitute be on what actions we will take to battle it. Cash shouldn’t be the reply. Many lodge homeowners and operators do not need a lot cash left after the pandemic, anyway. Fortunately, there are a lot of elements that workers are searching for in addition to elevated pay (though it could be good!). The aim of this text is to focus on a few of…
The Power of Allyship: Building Bridges of Support and Inclusion
Pride Month is not just a time for the LGBTQ+ community to celebrate their identities, but also an opportunity for allies to educate themselves and advocate for equality. Allyship is a crucial pillar of support, and it plays a significant role in creating a more inclusive society for all. Let us delve into the importance of allyship, emphasizing the transformative power of education in fostering understanding, empathy, and acceptance. Expanding Perspectives: The Role of Education Education is the cornerstone of allyship. By seeking knowledge about the LGBTQ+ community, its history, struggles, and accomplishments, allies can develop a deeper understanding of…
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…
A Virtual Education Preview from Solution Providers
How does an industry that is required to offer a relaxed, discreet, unobtrusive, and unencumbered experience for guests and members, reconcile those goals with offering guests and members a secure environment? Every company is responsible for creating and maintaining a safe environment for its employees. Understanding that there is potential for danger, hospitality properties need to counter it with preemptive response planning. It is imperative for organizations to implement appropriate security measures, collaborate with local authorities and train staff in proper prevention and reaction methods. Employers can provide a safe and secure working environment by using a thorough security system…
RateGain appointed Yogeesh Chandra as Chief Strategy Officer
New Delhi, April 28, 2023:RateGain Travel Technologies Limited, a global provider of SaaS solutions for travel and hospitality, today announced the appointment of Yogeesh Chandra as its Chief Strategy Officer. Yogeesh has worked at RateGain for over 12 years, playing multiple roles in setting up high-performance teams, go-to-market strategy, customer success, and product management with P&L ownership. As a seasoned strategist with a proven track record of delivering results, Yogeesh has a deep understanding of the travel and hospitality industry, having worked across commercial teams of leading hotel brands. In his new role, Yogeesh will oversee RateGain’s strategic planning, business…