Looking for a Boost to in-Room Dining Revenue? Try Some New Technology!
You’ve found some hotel real estate for sale, and after your purchase, you’re trying to think of new ways to enhance the visitor experience. You already know that you’re planning to offer room service to guests, but how can you try to maximize the revenue there? When you consider that the vast majority of your […]
How AI is Changing the Way Front Desk and Reservation Agents Work
Although we’ve relied on hotels and other means of lodging for centuries, that doesn’t mean this sector has no need to innovate. On the contrary, both boutique and chain hotels alike need to keep up with the times if they want to continue to attract guests. In other words, hotels have to find ways to […]
Does Your Hotel Need to Meet Sustainability Goals? Five Technologies to Help
Beyond the obvious goal of contributing to the welfare of the planet and its natural resources, hotels that meet sustainability goals experience many business benefits as well. It reduces costs in many areas, such as water expenses and food spending. Also, many customers base part of their decisions on which hotel to frequent based on […]
What’s Attracting High Net-Worth Investors to Value-Add Assets?
More and more high-net worth investors plan on putting their money in value-add assets. As a wealth-management strategy, investing in high-value real estate is an effective way to grow and even protect one’s assets. That’s one of the reasons why investors are looking for value-add real estate properties. The move is also an excellent way […]
Radisson Hotel Group Invests in Meetings and Events Offering
Amenities continue to be a significant draw for hotel guests. By providing clients with spaces where they could plan and organize events, hotels can generate more rental revenues. The Radisson Hotel Group believes in the same idea, with the brand launching its new meetings and event spaces. The hotel group wants to become the number […]
Clean Tech: How Technology is Changing Hotel Linens
It takes an enormous amount of water—about 2,800 gallons of it—to wash a queen-size bed sheet. Factor in the chemicals needed to sanitize the sheets along with the annual cost of replacing hotel linens—which have risen by about 25 to 35 percent due to theft and persistent stains—and that gives you an idea of how […]
Ambiente, North America’s First Landscape Hotel, to Open in Sedona in 2020
Sedona has plenty of breathtaking views, given its well-known red rocks, fantastic sunsets, and some of the best resorts the country has to offer. With the first landscape hotel opening in late 2020, tourists have another reason to pay a visit. Ambiente is owned by Two Sister Bosses, a local Sedona company. The firm has […]
10 Lodging Investment Trends and Challenges of 2019
Being in the hospitality business means you’ll need to stay on top of trends and challenges. If you are on the hunt for a new property, here are some of the things you might need to discuss with your hotel brokerage firm. Labor issues Expect operating profits to take a hit after the recent labor […]
Tax Incentives for Opportunity Zones: a Brief Introduction
Hotel investors are taking advantage of opportunity zones, and rightly so. Opportunity zones are a win-win for both low-income neighborhoods and investors, which is why the government has created some major tax incentives for them. Want to learn more? Read Congressional Research Service’s briefing of tax incentives for opportunity zones here. Ready to invest in […]
The Future of Cellular Connectivity for the Hospitality Industry
As guests become more demanding in the type of services they want, hotel properties will need to keep up to meet their demands. That includes providing excellent wi-fi connectivity. Draw Factor Reliable and secure high-speed wireless connectivity is one of the basic amenities that many guests now require, with more than 96% of guests who […]