Put simply, evenÊgiven low levels of migration there will not be a big enough working age population to fill all of the jobs that will be available. The sums do not add up!
Measuring and managing labor productivity
In hospitality, the measurement and management of productivity is hit and miss and miss again. What is an effective measure?
How to lose revenue in ten ways
As the old saying goes: ÒThereÕs a fine line between love and hate.Ó The same could be said for your revenue strategy and its ability to positively impact your hotelÕs profits. Play your cards strategically and insightfully, and your hotel reaps rich and profitable rewards.
Hospitality financial leadership Ð The Russians
When heads of state come to visit your hotel they usually make a bit of a show. The Russians are no exception, they even bring their own warship, the KGB and a wad of cash!
Travel media can survive the digital revolution
The rise of digital content has been a real test for travel print media. Consumer habits have changed, and with these changes many brands saw their circulation plunge. However, some print travel media brands have managed to survive against the odds. How? Through innovation, following trends, and creating multimedia platforms.
Common pitfalls and pro tips to boost your ROI
In the hospitality industry, there are many opportunities for savvy businesses to use public relations to increase brand awareness with potential customers and, as a result, to boost sales. But for those just getting started, PR can seem very complicated and confusing; however, with a bit of information, youÕll be ready to start generating media coverage for your company.
Are select service and boutique hotels ready for automated maintenance and guest response software?
This may seem hard to believe, but most hotels under 150 rooms still track guest requests and hotel maintenance manually. ThatÕs right, old school paper logs are still widely used to maintain millions of dollars in physical assets, and to service another important asset – the guest!
Maximizing the conference experience to achieve capital gains
Next week the capital markets and hospitality industry leaders will converge upon New York City for the annual NYU Investment Conference from June 4 Ð 6, 2017. The conference is one of the most important investment conferences in the hospitality and financial sectors.Ê
ItÕs time to question your revenue strategy
New hotels are breaking ground, renovating or reflagging in nearly every single market. Industry consolidation continues to fuel online behemoths like Booking.com and Expedia with no signs of stopping. When you stop and look around, it seems as though hotels are facing unbridled online competition.
Making a difference to your hotel culture
ÒItÕs easy to make a buck. ItÕs a lot tougher to make a difference.Ó ThatÕs a quote by Tom Brokaw and itÕs one of my favorite quotes. I trained myself to keep it in mind when I start my day, and then in late afternoon or evening I reflect on it by asking the question, ÒToday, did I make a difference?Ó
