As Occupancy Stalls, Parking Drives Hotel Revenue Growth
By Robert Mandelbaum and Todd Casper Based on the February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average US hotel returned to pre-COVID levels in 2022. This occurred despite the fact that the average occupancy for US hotels is not expected to exceed 2019 levels until 2026. With occupancy levels lagging during the post-COVID recovery and guest counts depressed, hotel owners and operators have had to look for alternative sources of revenue beyond the rental of guest rooms to make up for the income deficits. For some hotels in the US, parking has become…
Taylor Swift parties, events before Eras Tour in Denver on July 14, 15
Whether or not you’re going to Taylor Swift’s concerts at Empower Field at Mile High next week, you’re in good company. Fans of the singer-songwriter and her Eras Tour, which plays Denver on Friday, July 14, and Saturday, July 15, scrambled to snag tickets the moment they went on sale earlier this year, ensuring both instant sell-outs and disappointment. But anyone can attend these parallel yet separate Swift-themed events, in which boutique hotels, promoters, bars and upscale shopping complexes cater to people coming to (and from) the shows in downtown Denver. Getting a piece of that action means meeting fans…
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…
Discounts and deals include free food, drinks and other discounts
With the end of the school year approaching, teachers are being recognized with specials at retailers and restaurants across the US for Teacher Appreciation Week. Former first lady Eleanor Roosevelt began the effort to create Teacher Appreciation Week and National Teachers Day when she urged Congress in 1953 of the need for a day recognizing teachers, according to School Specialty. National Teacher Day was initially celebrated on March 7, but in 1984 it was moved to May. At that time the National Parent Teacher Association began calling the entire first week of May as Teacher Appreciation Week. “Teachers play a…
Thank You Booking.com For Showing Us The Future
For the last five years, travel has been all about sustainability, recovery, and – for the last few weeks – generative AI. And while all of these are highly relevant topics, there’s only one thing that ties them together – Diversity, and knowing that each person is different and is looking for unique and personalized experiences that cater to their individual needs and preferences. This is where, at the recently concluded Click. 2023 event, Booking.com showed us the future of travel and hospitality. The Changing Traveler and the Future of Travel The 2023 Travel Predictions by Booking.com showcased at the…
Spotlighting Past Hall of Fame Inductees
Recognized for being industry pioneers, inductees to the HFTP International Hospitality Technology Hall of Fame are the individuals behind much of the hospitality industry’s technology developments. Since 1989, 51 innovative and influential professionals have been selected to be a part of this venerated group, and this Spring, nominations are once-again being accepted for 2023 nominees. The deadline to apply is April 17, with inductees recognized at the upcoming HITEC Toronto on June 27. Jeff Edwards, also a 2023 inductee, said, “Being inducted into the Hall of Fame is a true career honor, as it is a recognition by my industry…
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…