Hospitality rEVOLUTION - OCTOBER 22

Latest news, trends and updates from around the globe related to the hospitality industry, tourism and globalism .

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Are we entering the "Ancillary Revenue Revolution" in the Hospitality Industry?To "four airlines," CarTrawler chief commercial officer Aileen McCormack said, ancillary revenue is already the "predominant revenue source." He calls this phenomenon the "ancillary revenue revolution." However, in our industry, up/cross-selling seems to be perceived as mainly a "vanity metric."

What Is Hotel Overbooking, Anyway?Every empty room in your hotel is money you’ve left on the table. That’s why most hoteliers have an overbooking strategy. But when that goes wrong you’re left with angry customers, scathing reviews, and stressed-out staff.

Three metrics that count in your food operationIf you do not have all three of these metrics on your radar screen at the same time, you are flying the profit picture in your food operation with at least one eye closed.

How automation can forecast uncertainty, drive demandUncertainty is nothing new for hospitality. | Revenue-management systems can measure uncertainty by creating an unconstrained demand forecast, which in turn produces a more accurate holistic forecast overall.

7 Types of Hotel Guests and How to Tap Into Their Needs - OakyTypes of hotel guests are an essential part of the targeting strategy in hotel marketing. Learn more about different types of guests and how to target them

Lead Time: What Is It, How To Calculate It And Why It MattersLead time is a formula used to calculate the time between a guest confirming a reservation at your hotel, and their arrival date

Trends in hospitality - Focus on the future of the food industryTo discover the most recent trends in the future of the food industry, we’ve scanned the latest news and publications to gather the latest innovations.

Calculating Flow Thru - What’s the Correct Formula?Flow thru is a concept, how much of the additional revenue generated from one period to another is kept as profit? Performing flow thru or as some call it retention calculations can be confusing. Especially when one or both of the numbers is a negative. What is the proper way to calculate flow thru for all scenarios and what is the excel formula?

What value does the brand bring to the residential component of a mixed-use development?The growth of branded residential has been on an upward trajectory for some time – growing 230% in the last decade, according to | There's a lot for investors to weigh up when it comes to making a choice.

Digital Transformation: Captivating your Hotels Digital Audience | By Are MorchWhen I look at digital transformation there are several key factors that will move the needle for hotels.

10 Effective Ways To Attract Hotel CustomersAre you searching for winning strategies to attract hotel customers? In this article, we analyse strategies you can implement today.

Sustainability action plan for hospitalityA framework of the most realistic implementable steps to get a hospitality sustainability action plan started from the hotelier's perspective.

How travel brands can boost their “loyalty dividend” | PhocusWireAccenture offers tips for travel companies on how to ensure their loyalty programs are relevant, valuable and profitable.  

A Fractured Wellness Market: Both Super-Expensive and Free, Simple Wellness Will Rise - Global Wellness InstituteA Fractured Wellness Market: Both Super-Expensive and Free, Simple Wellness Will Rise By Thierry Malleret, economist HIGH-END WELLNESS: WHERE WILL IT END? The most recent Trendium from the GWI’s sister organization, the Global Wellness Summit, is about the post-pandemic surge in “super-expensive wellness”: the seemingly never-ending expansion of very high-priced wellness products and services that benefit the upper decile in terms of income and wealth.…

A tragedy of the Commons at Chinese dining tablesThe economic science case called 'tragedy of the commons' reveals how the Chinese tradition of food sharing at the table can lead to food waste.

How to Create Alignment From a Fragmented Booking FunnelThe more vendors and programs you are using in the booking funnel, the more data sets you will need to weed through to determine the best course of action

The benefits of flexible working practices in the hotel sectorFlexible working practices refer to employees' freedom to organize their professional lives via part-time work, remote work and flexible scheduling.

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