Germans keen to travel once again.

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4hoteliers.com
25/10/2010

Germany’s resurgent economy sees its citizens keen to travel again – the latest ADAC Reisemonitor survey is upbeat about travel prospects in 2011 and more than 70 per cent are planning a lengthy holiday trip in 2011.

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Hyatt and Starwood Capital announce Joint Venture to create Andaz Wailea Resort

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hotelnewsresource.com
26/10/2010

Hyatt Hotels Corporation (NYSE: H) and an affiliate of Starwood Capital Group, a leading global private investment firm focused on real estate, announced today that affiliates of Hyatt and Starwood Capital Group have formed a joint venture to acquire an existing property and redevelop it into Andaz Wailea Resort and Residences, an ocean front resort on Mokapu Beach in Maui, Hawaii, within the premier master planned resort of Wailea. Hyatt anticipates that its investment in the project will be approximately $90 million.

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Mandarin Oriental Hotel Group launches iPhone application

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hotelsmag.com
15/10/2010
 

Mandarin Oriental Hotel Group has launched MO Hotels, a travel application available for download on the iTunes App Store.

Designed for iPhone and iPod Touch and compatible with iPad, the complimentary app offers travelers the ability to make or modify real-time reservations, review detailed hotel information, explore destination guides and more.

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Best practices in Revenue Management, part 3

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ehotelier.com
19/10/2010

This article is the third and final in a series addressing best practices in the area of hotel revenue management.

For the past while, we have been discussing integral areas of revenue management and aspects of revenue management systems that give hotels the best possible competitive edge.  In previous columns, these have ranged from general attitudes and approaches to revenue management to more specific, actionable components of the practice like strategic pricing and rate discipline.  Most of the best practices we have already identified are applicable to both traditional revenue management structures- wherein a revenue manager and their staff perform tasks manually- and to those that rely on comprehensive revenue management systems.  The best practices we examine today, focus more tightly on the RMS side, as this is where we believe the industry as a whole is trending, and the style of revenue management that we believe gives hotels and hoteliers the best opportunity to consistently grow both RevPAR and bottom line profits.

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Best practices in Revenue Management, part 2

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ehotelier.com
18/8/2010
By Jean Francois Mourier, CEO, REVPAR GURU

 This article is the second in a series addressing best practices in the area of hotel revenue management.

Two weeks ago in this space, we discussed two prominent operational areas of hotel management, strategic pricing and the general conception and underlying attitudes of successful revenue management.  When considering revenue management, though, more than these two aspects come to mind.  In fact, the most visible aspect of revenue management in today's operating environment is the use of the most up-to-date information available, one of the topics of today's article.  Another is rate discipline, which is subject to wide interpretation and can sometimes be at odds with other revenue management aims, like occupancy maximization. The third aspect of revenue management covered in this article is the important process of predicting future prices, and generating rates that align with those predictions.

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