I recently wrote an article that outlined 5 free tech tools for hoteliers. I was surprised by the reaction from folks in my position at other management companies who had never heard of these tools. Google Alerts: Get notice of news and events that can help your sales team identify opportunities. Boomerang: Schedule your emails […]
How Much Does it Cost to Build a Hotel – 2014
To read the most recent cost survey, check out our latest article for how much it costs to build a hotel in 2015.
Boutique Hotel Performance Versus Traditional Brands
According to a recent article by Real Estate Weekly titled, Boutique Hotels Reaching New Height: At the national level, boutique space reflects an occupancy premium of approximately 13%. The boutique sector also exhibits strong growth in RevPAR. In 2012, 2013, and 2014 RevPAR is trending at 6.3%, 7.4%, and 8.8%, respectively, exceeding national averages, for […]
Hotel Management Agreement Pricing
Negotiating a Hotel Management Agreement can be a much longer process than you imagined. What goes into making the agreement, which looks more like a book, is going to form the business relationship that may last as long as 30 years or hamper your ability to exit a property effectively. Negotiating the best contract for […]
The Future of Social Media Marketing on Facebook
Facebook admitted recently that page’s are receiving fewer and fewer hits on their posts. If your sales team or eCommerce department have been watching, there has been a clear and consistent trend. Fewer hits, less likes and lower engagement. In fact this was an official statement out of Facebook: “We expect organic distribution of an […]
Top 10 things Millennials Want in a Hotel
Full disclosure, I am a millennial, and I am a bit on the older end of the generation being 30 years old as of this writing. Information We are way to savvy to hide information from. If your hotel is under construction, we’ll know about it through social media, tripadvisor, yelp or by some other means. […]
Are you using actionable data?
Maximizing your Hotel’s Website Revenues
We were recently approached by one of our Director of Sales about an opportunity with an online review website’s sales pitch. It sounded like a great deal to him, but he wasn’t quite sure and wanted a second opinion. The offer: $500 monthly cost 500 Ad Impressions Average click through rate of between 2-4% to your hotel’s […]
Jose Miguel Batista
Rooms and Revenue Management Jose Miguel originally from the Dominican Republic, brings a wealth of experience and has played a key role in assisting hotels effectively yield their hotels. This ability to increase rate results in higher profitability, plays a role in understanding which business to take and what to walk away from. Jose Miguel […]
How Much Does it Cost to Build a Hotel – 2013
To read the latest numbers for 2014, see our latest article How Much Does it Cost to Build a Hotel – 2014. Construction Costs – 2013 HVS just released their annual cost estimate survey today detailing the costs to build every scale segment of a hotel. The prices are of course averages so a hotel […]