Hotels 201: Hotel ownership part 2
In our last blog, we wrote about modern hotel history, and how it plays into the ownership structure of properties today. Now, let’s chat about who owns hotels and how the financial structure of hotels works. Privately Owned There’s still myriad hotels owned by individuals or families. In fact, 60% [...]
Hotel 201 – Hotel ownership
The hotel business is significantly more complicated than people initially think. There’s layers of nuance, understanding and history that can only be understood after some time in this business. So, for our next series of articles, we’re going to demystify some of the elements of the hotel business. For this [...]
4 Tips to Help you Optimize your Hotel’s Revenue
Managing hotel revenue has become an increasingly complex endeavor as individual skills and technology constantly advance. Long gone are the days of setting rates once a year, or even setting rates seasonally. Now, it’s about constantly adjusting rates along with the ebb and flow of demand. Complicating matters, we’re entering [...]
Leverage event rates for your hotel
This week the SkyTouch team is at HITEC in Toronto. Whether for business or pleasure, events like this can be big money makers for hotels, if they have the right tools in place. According to Lodging Magazine, “large-event host cities such as Los Angeles, New York City, and Miami reaped [...]
What to see at HITEC 2017 in Toronto
The industry’s biggest technology and trade conference on the horizon, but making it though HITEC successfully takes a lot of planning, some in the moment inspiration, and a pair of comfortable shoes. Coming to Toronto’s Metro Toronto Convention Centre June 26-29, HITEC pairs in-depth educational seminars and keynote speakers with a massive trade show. Read [...]
GreenTree Inns selects SkyTouch Technology for U.S. hotels
GreenTree Inn, the world’s 14th largest hotel brand globally, and SkyTouch Technology, have formed an agreement to use SkyTouch Hotel OS at GreenTree Inn hotels in the U.S. Read full article here.
Guide to HITEC 2017 in Toronto
With the industry’s biggest technology and trade conference on the horizon, we wanted to get you set to maximize your time. That’s because making it though HITEC successfully takes a lot of planning, some in the moment inspiration, and a great pair of comfortable shoes. Coming to Toronto’s Metro Toronto [...]
Online Reviews Closing Rev Gap For Independent Hoteliers
Ratings and reviews are changing everything; and independent hotels that are getting great reviews are finding that in today’s world they can be more successful than ever before. Why? According to a new UCLA study, independent hotels that become fan favorites in the online review space are making more than [...]
What Exactly is Revenue Per Available Room (RevPar)?
Part three of our series exploring the basics of hotel operations brings us to the topic of RevPar. To fully maximize hotel performance, we use several specific terms including RevPAR, ADR and Occupancy; each of which we’ve been discussing over the last few weeks. This week we’re examining RevPAR. What [...]
Hotel 101: Understanding ADR
Part two of our three part series about the critical metrics we use in the hospitality industry explores ADR. We are going back to the basics to define terms used in accurately measuring hotel performance. What is ADR? ADR stands for average daily rate. It’s a critical benchmark industry statistic [...]
Hotel 101: Understanding Occupancy Rate
We’re getting back to basics to help you better understand the critical metrics we use in the hospitality industry necessary to measuring performance. To fully maximize hotel performance, we use several specific terms including RevPAR, ADR and Occupancy; each of which we’ll discuss during the next few weeks. This [...]
University Hotels Get Educated on Smart Hotel PMS Systems
One major hospitality trend failing to get adequate coverage in the mainstream lodging media is the incredible growth of hotels on university campuses. Either owned, or operated by, the university or a third party, these hotels regularly prove to be a strong return on investment. So, it’s natural they’re becoming [...]
Maximize Your Education at AAHOA Convention 2017
It’s almost time for AAHOA’s conference where more than 6,000 of the association’s members will be gathering in San Antonio for the annual event. The record breaking crowd will be visiting the San Antonio Convention Center from April 11-14 for an event that covers it all. It’s equal parts education, [...]
Summer is Around the Corner – Is your Hotel High-Season Ready?
Is your hotel optimized for maximum revenue this summer season? All indications are the 2017 summer travel season is going to be scorching hot for hoteliers. It’s exciting news, but also a warning to hoteliers without the proper technology in place to ensure their hotels run smoothly during the busiest [...]
How an easy to learn PMS is helping University students learn hotel efficiency
While the SkyTouch Hotel OS® is known for helping hoteliers operate their properties more efficiently, it’s being used creatively in other places too. At universities, it’s helping with some of the unique operational facets of campus hotels. But one flavor of Skytouch’s easy-to-learn property management system is also being used [...]