By Jean Francois Mourier, CEO of REVPAR GURU For any hotelier, there is no doubt revenue management is an essential component to running a successful lodging enterprise. Though implementing a revenue management strategy may sound like a simple enough task, revenue management today requires much more than setting a price and hoping for the best. Today, it reflects a proactive approach to generating profits through the sale of rooms, alleviating some of the unavoidable complications that can arise from the highly perishable nature of hotels' core products.
According to hoteliers in the UAE technology will continue to play a key role in hotels in 2011 as more hotels embrace the increasingly sophisticated world of mobile technology and in-room interactivity. Most hoteliers also agree that food will go back to basics with more healthy options and less fusion cuisine. General managers are also in agreement on where their marketing budget will be allocated next year – digital marketing and social media – and all are hopeful of a slow growth of business as the year moves to its close.
Hilton Worldwide has signed a management agreement with Afak Co. for Touristic Development, one of the Egyptian Engineers Companies (Zaghloul Holdings), for the newly built 676-room Hilton Makadi Resort, the fourth Hilton Hotels & Resorts property in Hurghada, Egypt.
While authorities claim that the Falaknuma Palace has been painstakingly restored to its original glory after being transformed into a hotel, old timers who have observed the palace from close quarters, point out that some royal art, artefacts, marble statues and precious articles that once adorned the palace walls and rooms are missing.
The Mysore hotel and restaurants association on Saturday came out with a strong plea before the state government to create a ‘South India tourism zone’ comprising Kerala, Tamil Nadu, Andhra Pradesh and Karnataka and implement a uniform tax policy to prevent tourists from paying more money and flooding the states where tax rates are low.
With cities like Mumbai, NCR, Goa, and Hyderabad edging ahead of it, Ahmedabad is set to be the eighth most attractive destination of hotels by 2013, says a study by Knight Frank India Pvt Ltd, a leading global property consulting firm.
Strategic Hotels & Resorts, Inc. (NYSE: BEE) today announced that the company has closed on its disposition of the InterContinental Prague to an investment group led by an affiliate of Westmont Hospitality for a total consideration of approximately €108.0 million.
With an aim to create awareness among the guests and wine enthusiasts about various wine cultures across the world, JW Marriott Hotels and Resorts has launched its Wine Ambassador Programme. The programme was launched in JW Marriott, Mumbai, besides 46 other properties in 19 countries.