The starting point of the conversation was stating the fact that most hotels can no longer rely on room revenues only to optimize financial performance. Experiential travel is also demanding hotels to be more creative with what is offered outside of the bedroom.
The renown hospitality industry professionals Jay Stein, CEO Dream Hotel Group; Michael Manz, Founder & Managing Partner, Swiss Hospitality; Marco P. Nijhof, Group Director of Hospitality & Guest Experience, Value Retail Management; Ronit Copeland, Managing Director, Copeland Hospitality addressed the complex topic of how to best optimise the non-revenue generating spaces. Recommendations have been raised on what hotels can learn from the retail sector, looking at measuring revenue per sqm, co-branding with fashion and retail brands. Another thread of the talks was how the creation of foodtainment spaces as dining & nightlife attractions can contribute to the revenues outside the bedroom.
Watch the recorded panel session 'Seeing the Bigger Picture: How to Maximise Revenue Beyond the Bedroom':
For more information on IHIF
New report examines how wellness impacts hotel performance across 11,000+ properties worldwide, with debuting Top 10 country rankings for membership fee and spa treatment revenue, and UAE market spotlight for investors. Read more
New report examines how wellness impacts hotel performance across 11,000+ properties worldwide, with debuting Top 10 country rankings for membership fee and spa treatment revenue, and UAE market spotlight for investors. Read more
Our Group CEO, Roger Allen, joins Riyan Itani's panel at Future Hospitality Summit to discuss the financial realities of Branded Residences development, covering investment economics and profit margins. Read more
Our Group CEO, Roger Allen, joins Riyan Itani's panel at Future Hospitality Summit to discuss the financial realities of Branded Residences development, covering investment economics and profit margins. Read more
Sleep in hospitality is revolutionizing the guest experience. The hotel sleep experience has become a central focus, as modern travelers are willing to pay more for accommodations that enhance their sleep. Hotels that prioritize restorative sleep through innovative technology and environmental design gain lasting competitive advantages. Read more
Sleep in hospitality is revolutionizing the guest experience. The hotel sleep experience has become a central focus, as modern travelers are willing to pay more for accommodations that enhance their sleep. Hotels that prioritize restorative sleep through innovative technology and environmental design gain lasting competitive advantages. Read more
Hotels must come up with new ways to successfully attract and retain employees and boost their appeal to new cohorts of candidates in an ever-intensifying race for skilled workforce. In this article, we examine what difficulties and challenges they need to overcome in the labour market and how they can build resilient and innovative human resources strategies. Read more
Hotels must come up with new ways to successfully attract and retain employees and boost their appeal to new cohorts of candidates in an ever-intensifying race for skilled workforce. In this article, we examine what difficulties and challenges they need to overcome in the labour market and how they can build resilient and innovative human resources strategies. Read more
Sign up for our Newsletter
