Inbound international travel to the United States has been steadily rising year over year since the COVID-19 pandemic, and 2025 figures to be more of the same.
In some ways, Brian Hicks stepped into the president and CEO role of the Hospitality Sales and Marketing Association International in uniquely difficult circumstances — stepping in to fill the shoes of a long-time, beloved leader who recently died.
Hotel revenue managers and strategists are redefining their roles across the hotel industry and pushing for more sophisticated practices from broader commercial teams, experts say.
Stonebridge Companies is hoping to close a busy 2024 strong despite an uncertain economy and unpredictible political climate rearing its head in the fourth quarter.
NASHVILLE, Tennessee — Technology is what helped the hotel revenue management discipline get to where it's at today, and it's technology that will forge the space's path forward, experts in the field say.
NASHVILLE, Tennessee — There are signs that group demand is close to pre-pandemic levels at U.S. hotels, boosting the hospitality industry in the middle of the week.
NASHVILLE, Tennessee — The revenue-management discipline has come a long way over the years, with advancements in technology serving as a game-changer in how the space is viewed in the overall hotel operations landscape.
NASHVILLE, Tennessee — Forecasting hotel performance often is described as both art and science, but data experts say the real key is prioritizing qualitative analysis and justifying assumptions.
NASHVILLE, Tennessee — The best group travel mix will differ from property to property, but as the segment pushes closer to full recovery, noticing the trends associated with higher group occupancy will be vital for revenue and profits.
NASHVILLE, Tennessee — Gone are the days when hotel companies didn't know what to do with their revenue managers. Now, revenue strategy is one of the key drivers of decision-making among hotel owners and operators.
NASHVILLE, Tennessee — Prioritizing profits over revenues and using technology to drive more opportunities outside of rooms is the next phase of revenue management in hospitality.
NASHVILLE, Tennessee — Hotel pricing transparency from California is already changing how hoteliers present their rates nationwide, but those who haven't adjusted to the new regulations will soon have to as the California law is expected to soon go into effect across the U.S.
Speakers at the recent 2024 HSMAI Commercial Strategy Conference in Charlotte, North Carolina, continued to push for more collaboration between sales, marketing and revenue-management teams, and said metrics between the three disciplines should be aligned to maximize their goals.
CHARLOTTE, North Carolina — To obtain the best possible results, hotel revenue management leaders know they have to build out a strong team that is proficient in both calculating numbers and communicating strategy to a hotel's key stakeholders.
CHARLOTTE, North Carolina — The hotel industry is in a "new normal" environment, not necessarily fully recovered from the pandemic but distanced from most of the chaos that came with it. As the travel segments recover at different paces, it's been a challenge for revenue managers to dig their feet in and forecast for the future.