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Hospitality Exchange kicked off yesterday and our Project Director Roisin McKee attended. An amazing line-up of speakers explored the exciting theme of automation vs personalisation. 💡 Key takeaways: 🔸 Balance tech and personal touch: The future blends technology with meaningful human connections. 🔹AI for routine tasks: Let AI handle the mundane, so your team can focus on delivering exceptional guest experiences. 🔸 Consumer trends matter: Guests crave personalised service, seamless tech, and unique, memorable moments across all channels. 🔹 Enhance guest experience: Strive for continuous improvement, making every guest interaction better than the last. 🔸Boost creativity with AI: Leverage AI to inspire and elevate your creative strategies. 🔹 Develop future leaders: Focus on self-leadership, trust, ethics and a clear vision. 🔸 Emphasise emotional intelligence: Equip your team with emotional intelligence skills to meet future demands. 🎉 A huge congratulations to all the Rising Stars recognised today for shaping the future of hospitality! 🌟 #HospitalityExchange #FutureOfHospitality #RisingStars

We present our first hospitality market analysis report for H1 2024! . . on BW HOTELIER, Mediabrief.com & Travel And Tour World. Our analysis indicates that 2,706 rooms have been added to the market in the first half of the year alone, with 37% being upscale rooms and the remainder 63% comprising premium inventories. H1 2024 also saw the opening of 22 new projects by hospitality giant brands like #IHCL, #ITC, #Radisson, #Hyatt, and more. to read more, check the first comment below #IndianHospitality #HospitalityTrends #SKYEHospitality #RealEstate #Hospitality #MarketAnalysis 

Driving overall profitability for your property/asset is now the key. That goes beyond rooms and into the other VERY profitable outlets. Your biggest savings? TIME... the thing we can't get back. Learn how Radisson Hotel Group saved a day/week of their team's time to focus on strategic profitability. #RevenueManagement #HotelManagement #Hospitality

Lighthouse Hotel PLC (LHL) Swings Back to Profitability LHL emerged from a four-year period of losses, driven by a surge in tourist arrivals. This positive turn of events resulted in a significant increase in revenue for both the quarter and the full year. Q4 Performance: Revenue soared by 110% year-over-year (YoY) and 34% quarter-over-quarter (QoQ) to LKR 480 million. LHL also recorded a quarterly profit of LKR 107 million, representing an impressive 891% YoY increase and a 101% QoQ increase. Full-Year Performance: Revenue reached an all-time high of LKR 1.27 billion, reflecting an 89% increase YoY. Profit reached LKR 173 million, marking a 306% increase YoY and the highest profit recorded in the last five years.

🟥🟨🟩🟪 Minor Hotels Unveils Strategic Growth Plans and Global Expansion at SEAHIS Andrew J Wood 24.06.2024 https://lnkd.in/gWHJp6ww Dillip Rajakarier discusses Minor Hotels’ exceptional growth, strategic NH Hotels acquisition, and global expansion plans, focusing on quality and resilience despite market challenges. At the recent SEAHIS conference in Bangkok, Dillip Rajakarier, Group CEO of Minor International PCL and CEO of Minor Hotels, shared insightful perspectives on the company’s recent successes and strategic future. In a candid interview with ANDREW J WOOD of TravelDailyNews Media Network Asia Pacific, Rajakarier discussed Minor Hotels’ exceptional performance, strategic acquisitions, and growth plans, despite current market challenges. Earnings Soar, Share Price Steady Rajakarier began by saying, “Our earnings last year were the best ever, and Q1 has also been the best ever,” he noted. However, he acknowledged the disconnect between these strong earnings and the company’s share price, attributing this to external factors like interest rates and geopolitical tensions. Despite these headwinds, Rajakarier expressed confidence in long-term recovery, and highlighted the benefits of this acquisition, stating, “It’s made us a true global company. We’ve brought in strong talent, technology, innovation, and transformation.” This move has enabled Minor Hotels to integrate brands across diverse markets, from Europe to South America, and the Middle East to Asia. NH Hotels experienced its best year ever in 2023, with Q1 of 2024 showing unprecedented profitability in Europe, traditionally a loss-making quarter. Rajakarier attributed this success to a strong surge in regional travel and favorable weather conditions, enhancing year-round occupancy rates. Expansion and Brand Strategy Rajakarier revealed ambitious expansion plans, with a target of adding at least 200 hotels over the next three years, focusing on key markets like India, China, and Eastern Europe. Minor Hotels currently operates over 550 hotels, with a robust pipeline ensuring sustained growth. Despite this expansion, Rajakarier emphasized the company’s commitment to quality over quantity. “We don’t want to be the biggest hotel company in the world. We want to be the best,” he asserted. Future Opportunities Minor Hotels continues to identify and bridge gaps in their global presence. In Europe, the focus is on expanding into Eastern and Nordic regions, with recent openings in Copenhagen and Helsinki. Asia remains a significant growth area, with the first Anantara hotel opening in India and plans for further expansion. Japan and Singapore are also on the horizon for new ventures. Rajakarier’s interview at SEAHIS highlighted Minor Hotels’ strategic….red more click https://lnkd.in/gNDvtp9V Theodoros (Theodore) Koumelis Dillip Rajakarier @TravelDaily

We’re thrilled to share our first hospitality market analysis report for H1 2024! 🔍 Our analysis reveals that the market has seen the addition of 2,706 new rooms in the first half of the year. Of these, 37% are upscale rooms, while 63% are premium inventories. 🏨 Additionally, H1 2024 marked the launch of 22 new projects by major hospitality brands including #IHCL, #ITC, #Radisson, #Hyatt, and more. For a detailed overview, check out the link in the first comment below. #IndianHospitality #HospitalityTrends #SKYEHospitality #RealEstate #Hospitality #MarketAnalysis #indianrealestate #brandedresidences

In light of Hyatt’s reported pursuit of Standard International, hospitality pros shared with me some key advantages of hotel brand acquisition — as well as the obstacles it poses. This deal, particularly, could help Hyatt Hotels Corporation expand in the #boutiquehotel space, which has seen significant growth of late, according to The Highland Group’s Boutique Hotel Report 2024, which I got a sneak peek at. More generally, hotel brand #acquisition can help expedite portfolio growth and build #loyalty. But there are some challenges that come along with acquiring an already established brand. Find out what you need to know about hotel brand acquisition in my latest for Hotel Dive. Thanks for your insights, Yariv Ben-Ari. https://lnkd.in/eFy_Vqjx

Nesuto Hotels, a hotel and apartment operator in Australia and New Zealand, temporarily uninstalled G3 RMS to save costs but found it led to more work and didn't improve their rates. They then reinstalled IDeaS Revenue Solutions' G3 RMS and saw significant improvements in market share, rate growth, and efficiency. “In the space of three months, we saw the average rate increase 30% which is similar to that of a 4 ½ star hotel. […] With G3 RMS, you can just sit back and enjoy all of the money coming in.” Check out the full case study. 👇 #RevenueManagement #HotelManagement #Hospitality

Well done

Achieving smarter, swifter deal closures for our subscribers. Surpassing expectations, one RFP at a time. Discover why hoteliers adore Spalba and what sets us apart! Aralia Hotels . . . #EventPlanning #Hospitality #EventManagement ##DigitalTransformation #Innovation #EventTech