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5. Advanced Revenue Management: Data-Driven Decision Making. In the evolving hospitality landscape, data-driven decision-making is crucial for hotels to maximize revenue. Advanced Revenue Management systems in 2024 leverage machine learning algorithms to analyze market trends, competitor pricing, and guest behavior.
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January 11, 2024. 11:52 AM. Morguard Corp. is offloading the majority of its Canadian hotels as the company shifts its focus to its core real estate investments, including office, industrial, and retail properties. The real estate company announced this week that it has inked a $410M deal to sell a portfolio of 14 hotels across Ontario and Nova.
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10. Use Guest Messaging Technology to Upsell. Guest messaging technology can have a tremendous impact on guest satisfaction for a number of reasons. One reason being that hotels can use messaging to remind guests of offers or add-ons throughout their stay.
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MISSISSAUGA, Ont. - Morguard Corp. says it has signed a deal to sell a portfolio of 14 hotels for $410 million as part of its plan to focus on its core real estate investments, including office.
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In the hotel industry, upselling is a strategic approach aimed at promoting upgrades on bookings or reservations. This entails encouraging guests to spend more on additional amenities and services at any point throughout the guest journey, encompassing pre-arrival, stay and post-stay phases. It's well-known that these upselling techniques can significantly help hotels increase profits. But.
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MISSISSAUGA, Ont. — Morguard Corp. says it has signed a deal to sell a portfolio of 14 hotels for $410 million as part of its plan to focus on its core real estate investments, including office.
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MISSISSAUGA, Ont. - Morguard Corp. says it has signed a deal to sell a portfolio of 14 hotels for $410 million as part of its plan to focus on its core real estate investments, including office.
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Offer tours to local tourist attractions or beer from local breweries. 9. Use hotel upselling software to schedule and automate upsell opportunities. Simplify your team's job and improve communication with guests with hotel upselling software that automates upsells throughout the guest journey. 10.
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Hyatt Hotels Co. (NYSE:H - Get Free Report) insider Jnp Parachute Mirror Trust L sold 66,701 shares of the firm's stock in a transaction that occurred on Tuesday, January 9th.The shares were sold at an average price of $126.21, for a total transaction of $8,418,333.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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