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With the first quarter of the year behind us, Hospitality Net's recent sentiment survey provides a snapshot of the hotel industry's current state and a glimpse into what 2024 might hold. Read on. #hotelindustry #hospitality

U.S. hotel industry profitability trends in 2023 provide a yardstick for predicting revenue metrics this year. Total industry revenues and profits were well beyond 2019 as pricing power outweighed the impact of weakening demand. Read on. #hotelindustry #hospitality

Exciting Insights from J.D. Power's 2024 Hotel Guest Satisfaction Index! J.D. Power's latest report reveals an exciting trend in the hospitality industry: higher-end hotels are achieving record-high guest satisfaction despite soaring room rates. Five brands, meanwhile, stood out for guest satisfaction across the upper-midscale, midscale and economy tiers: Drury Hotels (upper-midscale), Home2 Suites by Hilton (upper midscale/midscale extended stay), Tru by Hilton (midscale), Microtel by Wyndham (economy) and Choice Hotels' WoodSpring Suites (economy extended stay). The J.D. Power study, now in its 28th year, measures overall hotel guest satisfaction based on six factors: communications and connectivity, food and beverage, guestroom, hotel facility, staff service and value for price. #HospitalityIndustry #GuestSatisfaction #TravelTrends #HotelManagement #LuxuryTravel #Hotels #HotelDevelopment #FranchiseDevelopment #JDPower #Hospitality #Franchise #Wyndham #WyndhamHotels https://lnkd.in/euPqcZVH

Behind Every 5-Star Stay: How Hospitality Management Reigns Supreme in Hotel Triumphs! ⭐ A bad experience at a luxury hotel—poor service, lack of attention to detail, and mismanagement—left such a lasting impression. I knew there had to be a better way, and I wanted to be part of the solution. That experience taught me that hospitality management is the heart of any successful hotel. Here’s why it’s so important: Guest Satisfaction: Exceptional management ensures every guest feels valued, leading to repeat business and glowing reviews. 🌟 Operational Efficiency: Great management runs operations like a well-oiled machine, keeping costs down and experiences up. 📊 Brand Reputation: A hotel’s reputation depends on consistency. Even the most luxurious property can fall flat without excellent management behind it. 🌍 Maximizing Profitability: Strong management drives revenue through optimized operations, upselling, and handling peak seasons. 💼 Hospitality management isn’t just about running a hotel; it’s about creating unforgettable experiences that keep guests coming back. That’s the difference between good and great hotels. 💡 What’s the one thing that makes a hotel experience memorable for you? Let’s chat! #HotelHannah #HotelInvesting #GuestExperience #HotelSuccess #CustomerSatisfaction #BusinessGrowth

Check out our latest article on why lobby markets are now critical for guest satisfaction & hotel revenue growth. #hotel #selfcheckout #hotellobbymarket #hotelpantry #managedlobbymarket #unattendedretail #revenuegrowth

https://buff.ly/4d5k9xl Hotel CPOR: What Is It And How To Manage It Effectively SiteMinder : CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are #hotels #hoteliers #hotelrevenue #hotelfinancials #hotelmarketing #cpor #costperoccupiedroom #expertinsights Mark Dawson – Jo Kibunja – Dean Elphick – Maria Cricchiola

Unlock the secrets to hospitality success with our latest blog post! Discover how expert hotel management can transform your guest experience and drive business growth. Read our blog post to learn more: https://lnkd.in/d2P6geAs 🌟🏨 #Hospitalitysuccess #hotelmanagement #Proactivehospitality #blogpost

Behind the Scenes of Hotel Management: A Closer Look So, you're thinking of getting into the hotel business, huh? It's a lot more than just building a fancy building and putting beds in it. Let's break down the basics. First off, you're basically the boss of everything. From the front desk to the housekeeping, you're responsible for making sure everything runs smoothly. You need to be a leader, a problem-solver, and a customer service champ. You also need to know your numbers; how much money is coming in and going out. Running a hotel, especially if you're new to it, can seem like a lot to handle, but it’s really about understanding a few key areas and making them work together. The front desk is where everything starts; it's where guests check in, ask for help, and form their first impressions. Keeping this process smooth and friendly can make a big difference in how guests feel about their stay. Housekeeping is another crucial part. A clean, comfortable room is what every guest expects. The satisfaction of walking into a room that feels fresh and inviting; this is what your guests should experience every time. Revenue management might sound complicated, but it's really just about setting room prices in a way that attracts guests while maximizing profits. Guests love a good meal, and offering something unique, like local dishes, can make your hotel stand out. And of course, marketing is how you get the word out. These days, being active on social media, running promotions, and creating engaging content are all part of attracting more guests. It’s all about showing people why they should choose your hotel over others. When you put these pieces together, you’re not just running a hotel, you’re creating an experience that guests will want to come back to. Remember, this is a journey. There will be ups and downs, but if you're passionate about it and willing to put in the work, you can make it a success. #hotelbusiness #hotelmanagement #hotelier #hoteltips #hotelservice #hotelmarketing #digitalmarketing #hotellife #ukhotels #dubaihotels #canadahotels #australiahotels #italyhotels

https://buff.ly/49fpOAh Metrics that Matter: The Key Hotel Data Points You Need #hotels #hoteliers #hoteldata #guestdata #hotelrevenue #hotelprofit #guestexperience

“The ability for someone to pay more really isn't going up,” Jackson said, “but our cost to run the hotel did go up.” Group purchasing organizations can help defer some of those costs, he added, but since “the biggest expense in hotels is the labor,” the company is increasingly focused on making sure it has “the right amount of people for the right amount of hours.” HOTEL MANAGEMENT Magazine spoke with Adam Jackson, vice president, hotel operations at Jackson Hotel Management about challenges they're facing in the industry, how hoteliers can adapt and why they're excited to attend #HotecOperations next week in FL. Read the article here, https://loom.ly/Bqn1OGY. #hotelmanagement #hotecevents #hotelbuyer #hotelmanagementcompanies #jacksonhotelmanagement #hotelindustry #hoteliers #hoteloperations