Jan Freitag’s Post

Amid a growing travel market and steady inflation, hoteliers are under increased pressure to differentiate themselves from competitors and remain profitable. While room rentals are often considered the greatest source of hotel revenue, your culinary offerings also serve as a valuable opportunity to attract and retain business. 🔗 Discover the reasons why having a solid data strategy is key to menu engineering success in the #hospitalityindustry: https://lnkd.in/erXimkmv #FutureLog #menuengineering #hoteltechnology #restauranttechnology #datadriven #datastrategy #hospitalitytechnology Keen to know more? Please get in touch: [email protected]

Fantastic day yesterday at The Urban Living Insights: Hotels and Hospitality Conference representing Alliants. Thank you very much Piers Brown and Eloise Hanson for organising such an insightful event at L'oscar London. Amongst all of the discussions, the fact that the travel industry produces sixteen zettabytes 🤯 of data per year really got me thinking about the need for hoteliers to understand that less is often more. With all of that data available, the temptation is to get as many data points as possible in front of the operational teams and hope that they find a way to personalise the guest experience. This approach will likely overwhelm your teams and lead to missed opportunities; far better to spend the time developing a robust operational data strategy in order to surface the appropriate data, to the appropriate team at the appropriate time. This will help to ensure that all of the data being surfaced to operational teams has a clearly defined actionable process that benefits the guest experience. #HospitalityTech #Data #Hotels #LuxuryService

I love this opinion from a customer! Markus, CTO & CMO of Hiisi Homes & Hotels, shares how Bookboost helps turn guest data into personalized experiences. Serviced apartments, like any other hospitality business, can collect a lot of data, but why is that important? Like Markus says, when you can get visibility of everything that has happened, you can provide a better experience and cater to the guests’ needs better too. #data #guestexperience #hospitality

Revenue chained to spreadsheets? It’s time to re-group. If you’re managing a portfolio of properties, you need a system that drives growth with a consolidated view across your hotels. You need a proven partner in profitability. See how we can help. 👉 https://lnkd.in/f64l7 #RevenueManagement #HotelManagement #Hospitality

To sell or not to sell…The last minute factor Another season is unfolding as a puzzle for strong problem-solvers and managers with strong nerves. If you haven't developed a solid base of repeat customers over the years, don't have contracts with tour operators, and don't read the signs in time, you are likely facing the daily dilemma of whether to lower prices to fill your empty rooms for the next ten days or to be patient. There is no universal answer, as no hotel has the same characteristics as another. Without a satisfactory volume of reliable statistical data collected systematically, or without correctly interpreting the statistical data at our disposal, our approach will remain hasty. The common practice of calling neighboring hotels to see if they have vacancies and checking the parked cars in their lots to draw conclusions highlights the extent of our hasty approach to making critical decisions #revenuemanagement #hotelconsulting #revenuetips #hotelsadvisor

A rare Nordic data warning from Mews! 🚀💡 Check out some of our stats on occupancy, ADR, RevPAR, CXL policies etc. 📈 And get inspired by some of the new metrics in hospitality, such as space utilization & RevPAG, which give you a much more comprehensive picture of how your business is doing than some of those more traditional metrics! 🤩

🌶 Hot take from a recent Twin Cities Business article. 🌶 Leveraging innovative solutions to optimize your resources & elevate the guest experience is no longer optional. It's vital. It's a long road to recovery for the Twin Cities hotel scene, but I'm excited to see how the industry will optimize to move forward. We're an industry of problem solvers, after all. #HotelIndustry #HotelTechnology #Innovation #LaborChallenges

Dealing with the constantly shifting winds of demand and pricing is part of navigating the wide waters of the hospitality sector. As a reliable helm, a strong revenue management system (RMS) points the way and facilitates a more seamless voyage. Hotels and vacation rentals can optimize room pricing, improve occupancy rates, and increase overall income by implementing the appropriate RMS. These technologies offer the capabilities needed to stay ahead in the ever-changing hospitality industry, from evaluating real-time data to projecting future trends. #Innovation #Technology #Future #Hospitality #travel #analytics #strategy

It’s no secret that we’re all in on hotels as an investment. Hotels have proven to be one of the most resilient asset classes since the pandemic, and the outlook remains strong. Unlike other sectors—looking at you, office—there was never a systemic issue with the hotel industry, even during the darkest times of the pandemic. With a slowdown in new developments since then, existing hotels are benefiting from high travel demand and limited supply. Room rates are surging across the U.S., with over 20% of top-market hotels now charging $200+ per night, up from just 13% in 2019. Despite rising costs, leisure travelers remain committed, and overall demand remains robust, allowing hoteliers to maintain strong pricing power. As the industry continues to evolve, investors are well-positioned to capitalize on this strength, with high occupancy and stable growth on the horizon, which is expected to outpace inflation over the next decade. The hotel sector remains a valuable and resilient investment. Peachtree Group Peachtree Group Credit Peachtree Group Hospitality Management Brian Waldman Vickie Callahan Michael Ritz Jared Schlosser Michael Harper Brent LeBlanc Tim Witt Jatin Desai Matt Weatherford John Schellhase Allison Pohle The Wall Street Journal #hotels #hotelinvestments #commercialrealestate #travel https://lnkd.in/gTf6zqya

Are you ready for this? Explore detailed performance and pipeline metrics for more than 650 hospitality markets and 2,000 submarkets worldwide. This data, directly sourced from more than 83,000 hotels comprising 10.8 million rooms, is unparalleled in both quality and breadth. CoStar is the only product that combines global, market-based analytics with hotel inventory, analysis and insights, enabling you to: 🔎 Identify and evaluate hotel opportunities around the world 🌎 Assess market health and compare performance metrics across different regions 🎯 Set performance goals and maintain a competitive edge in the dynamic hospitality sector