by Joe Rice | Jul 21, 2017 | Industry Trends
The hospitality industry is always evolving. People are constantly wanting different things out of their traveling and lodging experience. Today, travelers want a break from the mundane. They don’t want to be in the standard, chain hotel where the look and feel of a...
by Joe Rice | Jul 19, 2017 | Industry Trends
No matter the business or industry, planning and being prepared for the future is important to any company. After all, failing to prepare is preparing to fail. An imminent challenge that all businesses need to begin planning for is the mass exodus of Baby Boomers from...
by Joe Rice | Jul 17, 2017 | Hotel Industry, Industry Trends
“The Times They Are a Changing” Bob Dylan’s hit song may have been talking about the age of love where most of the baby boomer generation was born, but the lyrics are as true today as they were then. As baby boomers retire from the workforce and millennials take over,...
by Joe Rice | Jul 11, 2017 | Hotel Industry, Industry Trends
Mergers and acquisitions, and the formation of strategic partnerships, typically indicate a dynamic, healthy financial condition for the hospitality industry. The other side of the coin? Ultimately, a few giants can dominate the market. Consider Marriott’s recent...
by Joe Rice | Jul 5, 2017 | Hotel Industry, Industry Trends
How Revenue Management is Changing the Hospitality Industry One of the primary goals of any business is to rake in revenues. In the hospitality industry, businesses are increasingly looking at smart pricing options as a way of attracting potential guests and...
by Joe Rice | Jun 27, 2017 | Hotel Industry, Industry Trends
How Hotels Are Appealing to Millennials Millennials are taking over the market and have edged out baby boomers. According to the U.S Census, there are over 83.1 million millennials and 75.4 million baby boomers. Millennials are now a new key segment of the market....
