A Guide to Effective Channel Management for Hospitality Businesses
Hotels Food
ameky , , , ,
A Guide to Effective Channel Management for Hospitality Businesses
In the modern era of digitalization, managing your online distribution channels is crucial for the triumph of your esteemed hospitality enterprise. A professional channel manager can facilitate you in efficiently allocating your inventory to various online travel agencies, direct booking engines, and metasearch engines, thereby expanding your outreach and maximizing your revenue. In this comprehensive article, we shall delve into the nuances of a channel manager, how it functions, and how it can be instrumental in unlocking new avenues of revenue for your business. What is a channel manager? A channel manager is a software application that allows hotels, vacation…
Low Development Costs, High ADRs and Incredible Valuations
Hotels Food
ameky , , , ,
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…