Simply put, a hotel that does’t apply overbooking is losing a big chunk of profitable revenue, as normally the high BAR rates are sold last. On days when there is incremental demand, the opportunity to sell 100 per cent of the rooms is there. In a market with lot of incremental demand, hotels need to pay extra attention in order not to lose out on revenues.

travelikoÊis aÊbooking platform thatÊwas conceived by a group of hospitality professionals who saw hotel profits squeezed due to the high commissions paid to the dominant global OTAs, which ultimately had a negative impact on the quality of services provided to guests.

If youÕre looking to buy a hotel, what makes more sense as an investment? A high-end luxury hotel or a lifestyle, boutique establishment? We would all like to be rich enough to buy a trophy hotel in central London, Paris or Singapore. Imagine the kudos in being able to invite your friends round for dinner. But in reality, what presents the better value in terms of returns?

Expectations. I hear this word from almost all GMs, controllers and hotel executives. ItÕs the wrong word and itÕs not an effective way to manage.ÊIn our lives, few things make us less productive and more distant than other peopleÕs expectations of us. Expectations are everywhere in our work and personal lives and people detest them. Who are you to have an expectation of me?

The most exciting trend happening in real estate development right now is the emergence of the LIVE, WORK, PLAY, WELLNESS master plan communities springing up in secondary and tertiary markets.Ê These communities encompass all sectors of real estate.