The management of groups, especially small groups and meetings, is at an inflection point in the industry. The industry has long relied on antiquated methods, such as room lists, as a core component of that management process. However, room lists are just symptomatic of a non-guest, non-planner centric approach to the process. The industry is not only poised for change, but must change to meet the demands of the digital age. READ MORE
HOTEL BUSINESS REVIEW
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Business events are more than just meetings, trade shows or conferences at hotels and convention centers. The $1.05 trillion industry is a platform for economic and social transformation in addition to driving organizational success. There's a powerful community legacy created by business events through social impact and job creation. And, there's a knowledge exchange that benefits us all. Discover how global business events with different purposes contribute to the greater good and how business events can tackle complex issues in our society. READ MORE
After three decades in the hospitality business, one of the biggest shifts I have seen has been in the role of the meeting planner. Long gone are the days of just booking a location, setting up the AV and rolling out the buffet. Today's meeting planners are big idea people, technical wizards, curators of culture and deliverers of WOW experiences. The realm of group meetings has become competitively charged, keeping planners on their toes, as they must address the rapid evolution of technology and continuous flow of new trends. Here are some trends, tips and best practices for planning your next group meeting to create pathways to inspiration, memorable experiences, and lasting connections. READ MORE
This article points out the vital importance of hotel leadership in effectively aggregating human capital into social capital to achieve higher degrees of competitiveness. This article draws upon the role of hotel executives as social architects that provide elaborative insight for followers by illuminating how hotel executives can effectively build and spend social capital within hotels. This article suggests that it is critical that hotel executives understand that hotel leadership supports social capital to effectively implement knowledge management projects and therefore, remain competitive. READ MORE
Increasing ADR, in conjunction with appropriate occupancy levels, is an ever-present goal. Not only does this increase RevPAR, but gaining more revenue through ADR provides assets with increased profitability. Consistent application of the following proven techniques leads to consistent rate dominance. In this article, co-authors Marcelo Trujillo and David Beaulieu rely on their experience of more than 35 combined years to thoroughly analyze and explain the pathway to sustainable ADR to maximize a hotel's success. READ MORE
- Human Resources, Recruitment & Training
- How Hotel Brands Can Reimagine the Employee Experience to Solve the Talent Gap
A recent Econsultancy survey querying companies on the most exciting opportunity for 2019 found that customer experience (CX) topped the list, edging out content marketing and mobile marketing. This CX trend has been accelerating over the last several years – especially in the hotel industry. As hotels pursued customer experience strategies, however, they often neglected to invest in their most important competitive advantage: the employees tasked with delivering the customer experience. In the hotel industry, you can't outcompete rivals on CX without an employee experience program that produces satisfied, well-trained employees. READ MORE
- Group Meetings
- Reconfiguring Meeting Facilities To Meet the Growing Demand For Non-Traditional Spaces
Because high-quality hotel meeting and conference facilities are a reliable way to generate revenue and drive food & beverage profitability, experienced hotel owners and operators understand the value of great meeting and event spaces. The question is what does a "great" meeting space look like, and how has this changed in recent times. There is no one answer, of course, but with the growing trend of businesses and leaders looking for creative and non-traditional spaces for their professional events, more hoteliers are finding innovative ways to identify or create those unique environments and memorable experiences. READ MORE
- Human Resources, Recruitment & Training
- Six Leadership Skills Required for Success in Today's Hospitality Industry
The hospitality industry is enjoying a healthy period of innovation and growth, with many opportunities for differentiation among the various brands. Successfully "doing business differently" requires pioneering leadership, however, and it's not always easy to find CEOs with the right skills and attributes. With the changes brought about by technology, finding suitable business leaders for the future is paradoxically both easier and more challenging. Hotel company CEOs now need to have a completely different skill set than they did before. This article looks at six of the trends we're currently seeing in hospitality leadership and where hotel companies can source people with the leadership skills they need. READ MORE
When planning an event, the venue is vital to creating an engaging experience for attendees. A meeting space is no longer a place for people to sit and listen to someone talking on stage; it's an opportunity to engage and transport attendees with a memorable and creative atmosphere. To cut through the "predictability," it pays to choose a fresh space that break from convention. Because client entertainment is an important part of doing business, we've identified five venue categories that work as stand-alone experiences or as part of multi-event programs to meet relationship-building, client education and ROI-generating event goals. READ MORE
As meeting planners strive to integrate unusual settings into their events, more and more business is being driven away from hotels and resorts in favor of off-site venues such as zoos, aquariums, botanical gardens and museums. For our industry, it presents both a challenge and an opportunity to evolve our business in a way that meets the needs of meeting planners' shifting priorities. The way to maintain their business on-property is to adapt with creative, inventive ways to ensure hotels are just as authentic to their destination as any of these alternate sites. READ MORE
There is a new breed of traveler emerging, one that places importance on social responsibility, environmental responsibility and overall sustainable travel. This shift in the marketplace will undoubtedly encourage hospitality companies to analyze their current practices and see how they measure up. Legacy Vacation Resorts was seeking a way to do just that and subsequently became a Certified B Corporation. Now, leadership is hoping to use their conscious business model to inspire other companies in the industry and beyond to utilize their business as a force for good and focus on a triple bottom line of serving people, the planet and profit. READ MORE
Jeff Hart, General Manager of the Los Angeles Airport Marriott explores the evolution of airport hotels in 2019 and discusses ways in which the properties can "take off." From challenges to opportunities, Hart gives a 360-degree look at the operations of an airport property and provides tactical advice to elevate offerings and stand out amongst competition. According to hart and the team at the Los Angeles Airport Marriott, 2019 is the year of the airport hotel, and now is the time for properties to look at the ways (small or large) in which they can level up their spaces, offerings and approach. READ MORE
Offsite events in the hospitality industry have become increasingly popular. While these vary in the kinds of activities and venues involved, all of them require some advance consideration of the risks that may arise. For example, some events may involve a greater danger of possible physical injuries while others may create the potential for employment-based claims. As a result, meeting planners, the company sponsoring the event, and even hotels should review these risks during the planning stage of the event along with possible insurance coverages. The following article explores this kind of assessment in greater detail. READ MORE
By addressing channel performance-the concept of measuring key performance indicators across a complex, multi-channel booking landscape-hoteliers can optimize pricing and marketing across all channels, and boost revenue as a result. But for those new to the world of advanced revenue management practices and technology, how does one begin to map out a proactive and profitable distribution strategy? How you choose to distribute your offerings must be carefully and regularly assessed, with the goal of maximizing your profit potential always in mind. Evaluating channel acquisition costs, looking beyond online travel agencies (OTAs) for better revenue opportunities, and finding ways to drive more direct bookings are all good practices for monitoring and improving the health of your distribution strategy. READ MORE
In an effort to stimulate creative thinking and encourage team-building among their groups, event planners are breaking the conventional mold by moving out of traditional conference facilities and convention hotels into university lecture halls, community theaters, warehouses and even tents. They concurrently are teaming up with nonprofits in conjunction with their organizations' community outreach programs. Nontraditional venues typically present a new set of challenges for planners who, regardless of the venue, are still are expected to exceed expectations. READ MORE
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