Hotelivate Private Limited · 8 Jul
The COVID-19 crisis has brought the Travel & Tourism sector to a gruelling halt. The resulting global lockdown has pushed hotels to deal with unprecedented changes in demand and capacity and forced many properties to remain temporarily closed for business; a first in our lifetime. The recovery is unlikely to resemble anything we've seen previously and hotels that can adopt flexible and innovative revenue management tactics will emerge on top. Travel demand will continue to be low and extremely volatile for the coming months and booking patterns will be drastically different from pre-COVID-19 times. As such, hotels will be in the novel position of starting to build demand from scratch once they reopen.
Hotelivate Private Limited · 4 Jun
The onset of COVID-19 is the mega crisis of our lifetime. For the hospitality sector, it is an Armageddon event threatening to wipe out the good, the bad and the ugly without any distinction. Arne Sorenson of Marriott described the impact of the pandemic to be more severe than the 9/11 attacks and the 2008 financial crisis combined.
Hotelivate Private Limited · 4 Dec
In any ever-growing hospitality market, existing players are constantly pushed to find ways and means to stay competitive and relevant. Key performance indicators (KPIs) are therefore some of the most crucial statistics monitored by hoteliers. More so today, when the competitive marketplace is so dynamic, it is coercing revenue managers to scrutinize these data points on a daily basis.