We are almost made to the end of another dramatic year 2022, and many of you might be busy writing your New Year’s resolution, but wait! did I ask you to quit writing a resolution?

The future of the hotel industry is likely to be shaped by several key trends and developments. As technology continues to advance, hotels will need to incorporate new technologies into their operations and guest experiences to remain competitive. At the same time, sustainability will become an increasingly important factor, both for guests and hotels. Additionally, the rise of alternative accommodations will call for hotels to set themselves apart by offering unique, personalised experiences to guests.

Having a clear understanding of your property’s financial performance is crucial for any CEO, accounting professional or hotel owner. This information can help lay the foundation for you to make important decisions, such as where and how to allocate resources, and help you build your business. But the question remains – where do you begin?

A tool that has proven itself useful is the Uniform System of Accounts for the Lodging Industry (USALI). This system supplies users with a standardised accounting plan of action and a set of metrics that can be used to measure a hotel’s financial performance. While not mandatory, hotels globally have been using USALI as a best practice for decades. In this blog, we will provide you with a breakdown of USALI, and how it can be used to your advantage.

As time marches on, an older hotel can easily fade. Its appearance can become dated and its paint a victim to wear and tear. The tired carpeting in the hallways may have been walked on a few too many times and the room decor hasn’t budged in decades. At some point, age starts to show in every hotel.

Among all operational real estate, hotels are one of the biggest consumers of energy in the hospitality industry. According to UNWTO, hotel facilities rank among the top five in terms of energy consumption in the tertiary building sector (minor only to food services and sales, health care and certain types of offices).

Are you looking for ways to better your hotel? Are you feeling stuck in the current situation of your hotel and wondering how to break through? Well, we get it. As much as hotels are an exciting industry with endless possibilities, they can also be challenging at the same time. Keeping up with trends, new technology, and competitors can be difficult. But luckily you’re reading this blog, because you know there has to be a way to make things better for your hotel. With that said, here are six reasons why people aren’t booking rooms in your hotel:

What does hotel development mean, what types of hotel development are there and how are they defined?

Like any industry, hospitality has its own jargon that is widely used and very important in day-to-day operations. Here, we have compiled an A-Z list of the most frequently-used terms, phrases and acronyms in the industry to help you get up to speed and get in the know.

The future of hotel technology: How the industry is changing and what it means for the customer

Objectives and Key Results, or OKRs, are an excellent tool for helping you achieve your goals in the hospitality industry, but not every hotel owner or operator uses them. In this article, we’ll explain exactly what OKRs are and why you should consider using them to manage your business. Let’s dive right in!