Kelvin Kua’s Post

In the world of hospitality, the Revenue Management System (RMS) has long been seen as a mysterious "black box" Let's be clear here, no RMS can replace people (including myself since I am also a Revenue manager 😅 ) and that's because people are responsible for strategies while RMSs are responsible for tactics! So how can we, RMs implement different strategies in an RMS? How can different strategies differ for rooms and dorms? How shall we treat non-refundable rates vs. flexible rates? Join us in 2 weeks from now for now for a mutual webinar with our partners from BeSafe Group and let's start cracking this so-called “black box”! Anatoly Burdakov Paolo Piccini Lukáš Jecha hotellab.io MeetMe23

Thanks to hotellab.io for inviting me to the webinar! We'll talk about, among other topics, the impact of insured rates, such as BeSafe Rate, on hotel revenue. See you on 25 July at 12.00 pm (EEST)! Below the link to register for the webinar: https://lnkd.in/eHC2V7Sd #BeSafeRate #BeSafeGroup #InsuredRate #HotelRevenue #RevenueManagement #WebinarRevenue

📝💼 Get the latest insurance insights for the Hospitality, Golf, and Country Club industries in our market update here https://lnkd.in/etmbVBF5 In 2023, the hospitality industry continued to navigate economic shifts, regulatory changes, and evolving insurance landscapes. Faced with challenges like a tough labor market and increased demand, businesses in the sector—from casual dining to upscale clubs—invested in risk mitigation to ensure sustainable success. As we look into 2024, industry players must stay agile, enhancing their strategies in loss control, insurance, and employee benefits. Partnering with expert advisors at BKS Partners can bolster risk management, protect operations, and enrich customer experiences. #HospitalityIndustry #RiskManagement #BusinessStrategy

📝💼 Get the latest insurance insights for the Hospitality, Golf, and Country Club industries in our market update here https://lnkd.in/etmbVBF5 In 2023, the hospitality industry continued to navigate economic shifts, regulatory changes, and evolving insurance landscapes. Faced with challenges like a tough labor market and increased demand, businesses in the sector—from casual dining to upscale clubs—invested in risk mitigation to ensure sustainable success. As we look into 2024, industry players must stay agile, enhancing their strategies in loss control, insurance, and employee benefits. Partnering with expert advisors at BKS Partners can bolster risk management, protect operations, and enrich customer experiences. #HospitalityIndustry #RiskManagement #BusinessStrategy

📢 Partner announcement! On the cusp of revealing the venue for the 2024 THIS Industry Networking Party, we’re delighted to announce UnitedHealthcare Global Global as a sponsor of this year’s event. For over 40 years, UnitedHealthcare Global has created and managed plans at the local market level in over 130 countries for the world’s mobile populations. Their mission has been clear: ‘To help people lead healthier lives and help make the healthcare system work better for everyone’. Join Louis Kaszczak and the team on 11 September at the THIS Industry Networking Party and discover what UHC can do for your business. 🎉 But where in London will the global travel insurance and IPMI industry be gathering for this year’s event? Let’s just say that it’s a true hidden gem, nestled among vaulted arches that once guarded the spices, silks, and gold that enriched London in years gone by. Guests will be treated to delicious food, drinks, and entertainment - in a space where lords and traders once rubbed shoulders after a day's business. If your business is in - or with - #travel and #health insurance, sign up to the waitlist to be first in line when limited tickets go on sale next week Admission to the THIS Industry Networking Party is included if you're attending the INNOVATE THIS travel insurance conference on 11 & 12 September at Tobacco Dock London. Stay tuned for the venue reveal this afternoon! #networking #travelinsurance #ipmi #insuranceevent #travelindustry #trm #riskmanagement #airambulance #travelassistance #healthinsurance #costcontainment #underwriting #payments #businessdevelopment  #innovatethis

Another article by The Caterer talking about the ENIC increase and it's impact on the already flagging bottom line of independent hospitality businesses. If there's one thing I have learned about hospitality (both from being in it myself and observing others during big crisis moments), is that it's one of the most creatively resilient bunch of operators. Solving problems is what we do, find ways to run service despite the power cut, despite the flood in the basement or despite the deliveries running late... Creatively staffing your teams is another way to solve for this challenge, leveraging flex pools through tools like ResolveUK where there are no agency fees and temps can be recruited into your teams FT without any fees. 📲 Build a pool of flex staff who dip into your business only when you need them. 💰 Save cash by not paying Agency fees 🤩 Select the best talent with transparent profiles If you're curious about ResolveUK drop me a line... How do you plan to mitigate this challenge in your hospitality business? Link to Article --> https://lnkd.in/epSxbcmJ

Many businesses, especially those with unique operations like mobile sauna services, often dismiss proper insurance due to perceived complexity. A 2022 survey by Vero revealed that 57% of small and medium-sized enterprises (SMEs) in Australia are potentially underinsured, with over one-third lacking a plan to address underinsured events. For out-of-the-ordinary businesses like Sauna Boat Tasmania, the intricacies of insuring both the marine and wellness aspects can be daunting. This complexity may lead some owners to operate without adequate coverage, exposing them to significant risks. We’re here to keep things running smoothly and are excited to support unique business, bringing the ultimate relaxation experience to new heights (and depths)! Combining wellness and the beauty of open water, Sauna Boat Tasmania is a one-of-a-kind way to unwind while enjoying breathtaking views. And behind every innovative business like this is a careful approach to insurance. Our team works to ensure all their unique risks are managed so our client can focus on what they do best! Engaging with our specialised insurance advisors can simplify the process, ensuring comprehensive protection tailored to such unique business models. #saunaboat #wellness #innovation #uniquebusiness #smallbusiness #smallbusinessowner #happyclients #riskmanagement #sauna

🏩 𝘼𝙡 & 𝙏𝙝𝙚 𝙃𝙤𝙨𝙥𝙞𝙩𝙖𝙡𝙞𝙩𝙮 𝙎𝙚𝙘𝙩𝙤𝙧 Love it or hate it, #Al is fast becoming a business essential. Hospitality businesses taking the plunge (and doing it well) can reap the benefits of supply chain efficiencies and customer insight on a level that slower adapters cannot begin to compete with and the potential business impact of Al is off the scale to anything seen since the dot.com boom. However, widespread adoption alongside constantly evolving capablities and the subsequent risk landscape means the potential of Al presents unique challenges on for businesses, insurers and regulators. Gallagher UK's new Al advisory explores the evolving risk landscape and the crucial #insurance considerations that the #Hospitality and #Leisure sector needs to consider. Read it here ⬇️ https://Inkd.in/en6sgA_3

We do things differently here at Arena International Events Group and it is great to know that our efforts are helping our customers engage directly with their targets! There's a reason we are a market leader in what we do! Don't take my word for it, though, here is the feedback from a recent sponsor at our Digital Transformation In Insurance Conferences "We had a really successful event particularly on the basis of direct insurer conversations. We had at least 20+ detailed conversations with circa 5 demos/ follow up meeting being booked off the back of this which, from experience is an extremely strong hit rate. The particular efforts but in place by yourself, to identify whom we wanted to speak to prior and then facilitating those introductions during the event proved invaluable and is probably the best delivery of this advised perk that I have witnessed, so bravo!" - Sales Director UKI - leading cloud-enabled insurance technology provider If you want to know how we can provide value like this to your organization and are looking to directly reach senior decision makers in the BFSI or Hotel sectors, then reach out to me via PM or email [email protected] I guarantee we can deliver! #DigitalTransformation #DigitalIntegration #Insurance #FinancialServices #WealthManagement #HotelInnovation #Hotels #HotelTechnology

Hey there, hotel owners, restaurant managers, and franchise leaders! Is your property silently leaking profits? From kitchens and guest rooms to dining areas and restrooms hidden water issues can be a silent killer for your business. But fear not–American Leak Detection is your secret weapon against costly water damage. Our state-of-the-art technology finds sneaky leaks throughout your property, even in the trickiest spots, without disrupting your daily operations. Whether you're running a quaint café or overseeing a resort with an Olympic-sized pool, we've got the expertise you need. There's a reason insurance adjusters turn to us first: we save both time AND money. Don't let another drop go to waste–call us today and keep your business flowing smoothly, indoors and out! American Leak Detection The Industry Leader In Accurate, Non-Destructive Water Leak Detection Residential | Commercial | Municipal | Insurance #hotelwaterleak #hotelhiddenleak #hotelplumbingproblem