In a new article published by Hotel News Now/CoStar, RLA Global CEO explains what revenue-management approach and metrics will become more relevant for industry stakeholders to judge hotel performance in the future?
We are seeing more and more hotels and resorts investing in eco-glamping, well-being retreats with a sustainability focus, serviced apartments, safe co-working space for bleisure travelers and co-living facilities in natural settings. Further investment is also being made into the experiential side of operations or venturing into the foregoing hybrid projects. They are exploring how to deliver new services with a difference that guests are willing to buy — while justifying the investment and targeting optimal returns. It is safe to say that a significant part of hotel revenue is already generated by new offerings that go beyond hotel rooms and tend to blur the traditional categorization of departmental revenue flows.
To continue reading this must-read please visit: CoStar - Will Experiences End Traditional Hotel Revenue Models?
RLA Global proudly announces its strategic expansion into Central Asia, a dynamic region bursting with opportunities. RLA Global's local representative and senior consultant will be Baktyiar Tokoev. Read more
RLA Global proudly announces its strategic expansion into Central Asia, a dynamic region bursting with opportunities. RLA Global's local representative and senior consultant will be Baktyiar Tokoev. Read more
We at RLA Global are pleased to be recognized by the European Travel Awards. "We are motivated by this award to continue advancing as leaders in the international leisure and hospitality industry,” said Roger Allen, our CEO. Read more
We at RLA Global are pleased to be recognized by the European Travel Awards. "We are motivated by this award to continue advancing as leaders in the international leisure and hospitality industry,” said Roger Allen, our CEO. Read more
We're pleased to share an insightful new report on the US hotel industry outlook for 2023 recently published by our friend and fellow hospitality expert, Michael Shindler of Four Corners Advisors. Read more
We're pleased to share an insightful new report on the US hotel industry outlook for 2023 recently published by our friend and fellow hospitality expert, Michael Shindler of Four Corners Advisors. Read more
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Hotels are still riding a significant wave of leisure demand growth, but forecasts suggest a slowdown could be looming. Here are the do’s and don’ts of preparing for a downturn. Read more
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