Hotels that offer a booking strategy with room prices based on attributes will provide guests freedom of choice…and will achieve higher revenue. This paper explores the concepts of attribute-based shopping and pricing to guide hotel technology needs as the industry pushes forward.
Resources
Attribute-Based Pricing: What Is It & Why Does It Matter?
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INtel – A Bimonthly GuideIntel Jan. 2021: Serviced Apartments and Extended Stay
The hotel sector has faced challenges the like of which it has never seen before, with governments around the world shutting down travel and companies limiting the movements of their employees. A sudden slowdown to standstill which came out of nowhere and was not the sector’s fault.
While hoteliers cut costs and looked to leap onto the Working From Hotels trend, there were areas of resilience in the form of serviced apartments and extended stay, many of which were able to stay open and, because of leaner operations, were able to break even at much lower levels of occupancy than traditional hotels.
They are now looking to capitalize on the move into the leisure sector and attract attention from investors who want something to hedge against their more volatile hotel holdings.
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WebinarInvesting in Greek Hospitality Real Estate
The Investing in Greek Hospitality Real Estate roundtable, hosted by Enterprise Greece, highlighted the country’s growing importance as an investor target. Greece has suffered in the wake of the pandemic, but with strong government support, has been able to focus on recovery and is looking to upgrade its hotel and resort stock and become a leading luxury destination.
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WhitepaperAdjacent Spaces: Investing Beyond the Hotel Room
The Covid-19 global pandemic has dealt the hotel sector a blow and sent it looking for different consumers from its regular business traveler fare, as working from home became the norm. As operators have leapt onto the Working From Hotel trend, investors have looked to the adjacent spaces to find fruitful investments, taking in sectors including serviced apartments, senior housing, hostels, co-living and co-working.
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Fronts Eyebrow DescriptorINTELThe pandemic has changed every aspect of travel. When, how and if we can and, as the spreading of the virus shifts, so must the approach to travel.
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Fronts Eyebrow DescriptorEconomyFor economists, these are simple times. The only way is up. The only questions are when and how, with all debates considering what shape the recovery will take. Key will be the reasons behind the lift in restrictions. If there is an effective vaccine, normal life can return in a rush. If the virus can be contained, but not dismissed, then travel will be more localised.
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Fronts Eyebrow DescriptorHotel TechHotel owners, managers and operators have plenty to think about during this period of great uncertainty and poor visibility. To what extent can technology help with their decision-making?
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WebinarThe Case For Cyprus
The major trends that have been pushing the hospitality real estate market forward are set to gain strength as economies and travel recover. In particular, resorts and mixed-use developments in well-connected destinations such as Cyprus continue to offer strong opportunities for investors, both local and international.
This webinar, hosted by Invest Cyprus, brings together a panel of international and local experts who will share their views on the future of hospitality investment, from the global to the local perspectives.
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WhitepaperINtel
Your bimonthly supplement digging deep into major hospitality trends
Welcome to the first of our INtel supplements. In this issue we’re going to look in-depth at technology, which has evolved from something only a few hotels at the very cutting edge indulged in, to something every hotel can - and must - get ever deeper into, whether on their own or through their brand.
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Fronts Eyebrow DescriptorPodcastAs the most fascinating story of the summer unfolds, this week Katherine caught up with two of the main contenders for a stake in the hotel group. Lionel Benjamin, CEO at Gullwing Hospitality and Thomas Magnuson, Co-founder & CEO at Magnuson Hotels. AGO Hospitality is comprised of Accor, Gullwing Hospitality and Oasis Holdings and promises the owners "a seat at the table to discuss their opinions with the brand and the operator" while Magnuson Hotels promises "to bring in the money".
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Fronts Eyebrow DescriptorPodcastThis week Alexi Khajavi and Katherine Doggrell discuss the latest details from the Travelodge story, conversions and asset management. Katherine interviews Joachim Schmitt, CEO at Orascom Hotel Management to discuss real estate developments and we team up with Jeremiah Batucan, Conference Director for Bar & Restaurant Group at Quextex Hospitality & Travel with his guest Devin Burns, VP of Rooms and F&B for Omni Hotels & Resorts. Unpack the latest developments with this week's panel.