Cookies on HFTP Bytes

This site uses cookies to store information on your computer. Some are essential to make our site work; others help us give you the best possible user experience.
By using the site, you consent to the placement of these cookies. However, you can change your cookie settings at any time. Read our Privacy Notice to learn more.

I understand
  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

  • Letter from the HFTP Global President: Budgeting and Planning are Integral to Success

    HITEC Houston, which attracted HFTP’s largest event attendance in history, may now be behind us but the year is far from over. At the end of this month on July 28 is the new Club Forum in Sarasota, Florida USA.

  • HITEC Special: Revenue Strategy: Not Just a Fancy New Name for Revenue Management

    By Cindy Estis Green. A strategic view of revenue calls for proactive business mix planning and decision-making around deployed resources, well beyond reacting to what comes over the transom. Excerpt from the 2018 HITEC Bytes Special Report.

commercial

Keep Up on Constantly Evolving Hotel Digital-Marketing Trends

Duetto Research Blog·24 August 2018
How consumers research and shop hotels — and on what channels — can be considered rather fluid. Keeping up with the constant changes, additional distribution sites and package options is a nonstop job.
commercial

Getting to Know the Chinese Traveller's Needs

Duetto Research Blog·21 August 2018
Chinese travellers continue to dominate in growth numbers and are increasingly showing interest in new destinations, adventure and authentic local experiences. According to a recent report Chinese International Travel Monitor (CITM) released byHotels.com, this shows a maturing of the market beyond the traditional norm of travelling.

No Shortage of Revenue Strategy Best Practices at HDC

Duetto Research Blog·20 August 2018
The 10th annual Hotel Data Conference at the Omni Nashville opened discussion about many of the challenges and opportunities hoteliers are facing today.

Hotel Occupancy and Demand are Soaring. Why Can't You Drive ADR?

Duetto Research Blog·20 August 2018
Despite industrywide record demand and occupancy levels, historical data shows that hoteliers — specifically general managers and revenue teams — are struggling to drive rate at paces they’ve seen during past peaks.

Shifts in Revenue Culture, Technology Needed to Optimize Group Bookings

Duetto Research Blog·15 August 2018
Hoteliers gathered at RSS 2018 acknowledged that the group business side of the revenue equation remains as important as ever, but the sales process for securing contracted and negotiated bookings often lags behind advancements made for the transient side in modern Revenue Strategy.

Russian Hotels Score Rate Wins From World Cup

Duetto Research Blog·14 August 2018
Russia may not have won the 2018 FIFA World Cup, but its hotels certainly proved winners, with properties in Moscow reporting a 52% increase in revenue per available room (RevPAR) to RUB7,700 for H1 2018, according to data from JLL Hotels & Hospitality Group.

Airbnb Looks More and More Like a Hotel Company

Duetto Research Blog·13 August 2018
Seven trending hotel news stories that will impact your hotel Revenue Strategy.

Using Technology to Light the Way

Duetto Research Blog·10 August 2018
One of the largest owner-operator hotel management companies in London, glh Hotels has a portfolio of more than 5,000 rooms spread across five unique brands.

Owners, Asset Managers Emphasize Need for Leadership in Revenue Strategy

Duetto Research Blog· 9 August 2018
Hotel owners and asset managers led the charge at RSS 2018 for revenue-focused leadership that would help them and the major brands whose flags they carry. A more holistic Revenue Strategy that maximizes profitability is within reach, RSS attendees said, but it requires greater collaboration among all stakeholders, as well as all departments of a property.

Of Battlegrounds, New Channels and the Need for the Right Strategy

Duetto Research Blog· 8 August 2018
Over a couple of beautiful winter days Down Under, hotel practitioners gathered at the Sydney Exhibition Centre at the No Vacancy Accommodation Expo 2018 to listen to experts discuss changing trends and challenges faced by the industry.
commercial

Expedia, Hotel Tonight Pushing More Discount Opportunities

Duetto Research Blog· 6 August 2018
Seven trending hotel news stories that will impact your hotel Revenue Strategy.
commercial

Kalibri Offers Guide for Finding Optimal Business Mix

Duetto Research Blog· 2 August 2018
The success of any hotel depends on dozens of factors — some within your control and some outside it. But one thing is certain, hoteliers can maximize profitability by determining their Optimal Business Mix.
commercial

Red Planet Looks to Millennials for Expansion; Turns to Franchisors

Duetto Research Blog·31 July 2018
Seven trending news stories that will have an impact on your hotel Revenue Strategy.
commercial

Expedia-Branded Hotels? 'Never Say Never'

Duetto Research Blog·30 July 2018
In a wide-ranging interview, Cyril Ranque, the president of Expedia Lodging Partner Services stays coy about the usual pressing questions for the online travel agency, but he does give the tantalizing answer of “Honestly, you can never say never,” when asked about the possibility of an Expedia hotel brand or soft brand some day.
commercial

Tribal Casino Operators: Embrace the Data

Duetto Research Blog·25 July 2018
Because casinos are a way to employ a large number of tribe members while drawing visitors long distances to remote locations, they’re a smart business choice for Native American tribes. First and foremost, they help tribes support their own community.
commercial

Japan Approves New Casino Legislation Despite Opposition

Duetto Research Blog·24 July 2018
Japan’s parliament recently approved legislation for three integrated casino resorts, which means the race for licenses is on for Las Vegas-based operators, including Las Vegas Sands Corp. and MGM Resorts International, who want a piece of the action.
commercial

Adapting to a New Hotel Customer Journey

Duetto Research Blog·23 July 2018
Seven trending hotel news stories that will impact your hotel Revenue Strategy.
commercial

Why Asset Management is a Vital Skill For Today's Hoteliers

Duetto Research Blog·18 July 2018
Jonathan Humphries has spent 20 years working in the hospitality industry, in various roles including operations, brand development and consulting. He has worked on development and expansion for companies such as Deloitte and Marriott, creating new concepts, such as the Residence Inn concept for Marriott, which he launched and rolled out in Europe and the Middle East.
commercial

Europe's Hotels See Profit Drop

Duetto Research Blog·17 July 2018
Hotels in Europe saw their first drop in profit in 12 months in May 2018, with gross operating profit per available room down 3.6%, according to figures from HotStats.
commercial

Taking Advantage: Expedia's New Package Approach Could Upend Distribution

Duetto Research Blog·16 July 2018
The marriage of convenience between hotels and online travel agencies gets rockier whenever one of the partners goes too far to gain the upper hand. Expedia’s recent changes to its bundled offerings, branded as Add-On Advantage, violates the entire basis of the opaque package or wholesale model and oversteps an important boundary.
commercial

Seeing Hotel Industry Threats as Opportunities Opens Up Revenue Strategy

Duetto Research Blog·13 July 2018
The hospitality universe is constantly shifting and, more importantly, growing. In his opening message at RSS 2018, Duetto CEO Patrick Bosworth encouraged the hoteliers, asset managers and technologists gathered there to see opportunities for better Revenue Strategy, where others might only see obstacles.
commercial

RSS 2018: Revenue Strategy Begins With Strong Leadership

Duetto Research Blog·12 July 2018
The sixth annual Revenue Strategy Summit brought together technology innovators and hospitality industry leaders, including brand executives and asset managers, to examine the challenges hotels face in maintaining rate growth and managing a distribution landscape that gets more complicated by the day.
commercial

All-inclusive, Bleisure Demand Strong in Mexico

Duetto Research Blog·11 July 2018
Like many other countries, Mexico’s travel economy differs greatly depending on which region of the country you’re discussing. Regions like the Yucatan Peninsula bring in heavy leisure demand, while other markets such as Mexico City are more business focused.
commercial

Duetto's Michael Skinner Wins 2018 Rakuten Data Challenge at ACM SIGIR 2018

Duetto Research Blog·10 July 2018
Michael Skinner, the resident “Data Whisperer” at Duetto, hospitality’s only Revenue Strategy Platform, placed first in the 2018 Rakuten Data Challenge and has been invited to present at the 2018 SIGIR Workshop on eCommerce, July 12 in Ann Arbor, Mich.
commercial

Marriott Looks For 'Intuitive' and 'Frictionless' Technology

Duetto Research Blog· 9 July 2018
The key to the future of travel is a digital one, according to Marriott International’s Brian King, chief global digital officer. King talked to Tasting Table about Marriott’s “model room” at the company’s headquarters, as well as experimenting with hotel technology that will transform the guest experience.
commercial

Use Data Analytics as a Framework for Driving Rate

Duetto Research Blog· 6 July 2018
Hotel revenue teams are in a peculiar spot these days: Average hotel occupancy and demand metrics are at all-time record highs, yet hotels have been unable to drive rate growth like they have during past peak times.

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Finance Bytes Newsletter please enter your email address below.
An error occured, please check your input and try again.
CancelSubscribe