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Visual Design Trends and Their Influence on the Hospitality Industry
In the current dynamic landscape of the hospitality industry, the integration of data science innovations is revolutionizing guest experiences and revenue strategies. This evolution extends beyond traditional hospitality environments to encompass innovative platforms like Kalibri Labs, where data-driven decisions are critical to success. In this exploration, we’ll delve into how the biggest visual design trends…
Beyond RevPAR: Assessing True Hotel Demand and Performance
In the ever-evolving U.S. hotel industry, performance assessment and benchmarking has reached a critical juncture. Traditional methods, such as the basic RevPAR index, which once served as the gold standard, are no longer sufficient to capture today’s market complexities. It’s time for hoteliers to adopt a more comprehensive approach to performance benchmarking, one that leverages…
Eclipse Economics: How the 2024 Total Solar Eclipse is Shaping U.S.
On April 8th, the next total solar eclipse will occur, with a significant number of U.S. cities in the path of totality. This is the first total solar eclipse visible in the U.S. since 2017. Outside of knowing not to stare directly at a solar eclipse (you know that right?), the other thing most hoteliers…
Hotel Development – Looking Beyond Traditional Metrics
Evolving Market Environment With the U.S. construction pipeline hitting a record high in the fourth quarter of 2023, and recent positive sentiment about deal activity, the industry could see increased competition for hotel assets later this year. As a result, it is critical for key stakeholders to look beyond traditional metrics to make more informed…
Maximizing vs. Optimizing: Navigating Hotel Commercial Strategy for Long-term Success
In commercial strategy, the concepts of “maximize” and “optimize” play a crucial role in the success of a hotel. Although both terms refer to strategies aimed at improving profitability and asset value, they do it in different ways, each with its own implications. Maximizing Revenue: A Narrow Focus Maximizing revenue, often measured by metrics like…
Proactive vs. Reactive Approach in Hotel Commercial Strategy
In our dynamic industry, the challenge of adopting a proactive versus a reactive approach in commercial strategy is more important than ever. Traditionally, commercial strategy teams have primarily responded reactively to shifts in the market, focusing on managing rates and filtering inbound business. However, this approach is no longer effective as we focus on increased…
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