Hospitality Financial Leadership – Revenue Management for Recovery | By Amin Himani

Emerging trends – what to expect This year more than ever, recognizing the discipline of Revenue Management in our industry must transcend into Revenue Strategy will be crucial for success. While navigating the unpredictable travel patterns in 2021, consider that the traditional pace, competitive sets, and value-proposition identified historically to be altered and a need […]

Bespoke Hotels to manage Dumbleton Hall following sale

Bespoke Hotels has been appointed to manage Cotswold country hotel Dumbleton Hall, after the site was recently sold to a US buyer for an undisclosed sum. Dumbleton Hall is a classic Grade II* listed country house hotel with 38 individually-designed bedrooms, restaurant, lounge and bar, as well as function rooms for weddings, private celebrations and […]

Chinese domestic market rebounds

Leading Chinese hotel operators are seeing a return to previous levels of business, as 2021 unfolds. But their overseas holdings dragged down performance in the last year, and are still acting as a brake as pandemic lockdowns remain in place.   Fast-growth budget hotel operator Huazhu saw overall net revenues down 9% for the full year, but up 6% in […]

WeWork goes to market

Serviced office providers are moving fast to grab the initiative as they look to a more flexible future of work, after the pandemic.   Sector leader IWG is busy signing up new corporate clients and has already agreed one European takeover deal. Meanwhile, sector newcomer WeWork is heading towards a listing, via reversal in the US […]

Repurposing begins

Developers in London are reviewing their pipelines, as an era of cheap development finance for hotels appears to have temporarily closed off some options.  Two high profile schemes in London have recently been reappraised by their developers, the tip of potentially a much larger wave of projects that will not proceed as planned. Alongside concerns over […]

Travel’s massive losses

The World Travel & Tourism Council has assessed the economic impact of covid-19 as being a loss of almost USD4.5trn in business. It says the sector’s contribution to global GDP dropped 49.1% and last year accounted for just 5.5% of the global economy.  WTTC president Gloria Guevara praised government interventions that helped save jobs and […]

How to come up with creative upsell deals your hotel guests will love

When you think of upselling, the first thing that comes to mind may be offering a paid upgrade. Other options like a breakfast add-on or an airport transfer might be your next ideas. That’s a great place to start with upselling, and you’ll definitely see results. But how about making it more fun, memorable and […]

Sensory summertime experiences on the cards for staycationing Brits

With just days to go until al-fresco dining and the first phase of staycations are allowed across the country, new VisitEngland research shows that it’s foodie experiences that are top of the agenda for sensory-starved Brits. In a research poll of 2476 nationally representative adults commissioned by VisitEngland, more than half (51%) of respondents cited […]

VisitEngland launches latest edition of the Pink Book

VisitEngland has published the latest edition of its popular Pink Book outlining regulatory requirements and guidance for accommodation providers and attractions in England.  Now in its eleventh edition, ‘The Pink Book: Legislation for tourist accommodation and attractions’ provides guidance for running an accommodation business and an attraction – from food hygiene and health and safety […]

How an integrated PMS helps to grow TRevPAR

In case you need a refresher on your acronyms, TRevPAR stands for total revenue per available room. The key difference between it and RevPAR is that it takes into account all other outlet purchases from each guest to give a more holistic picture of sales and growth. As a basic example, consider a couple traveling […]