Hospitality Daily Podcast What’s Really Happening in Hotels Now: A Conversation with Top Hotel Asset Manager Rachel Roginsky
19 snips
Jan 8, 2025 AI Snips
Chapters
Transcript
Episode notes
Hotel Demand and Profitability Outlook
- Hotel demand is expected to be flat or slightly better next year, driven by corporate and group travel.
- Leisure travel may decrease, and rising expenses will challenge profitability.
Managing Expenses in Hotels
- Control labor costs, optimize menus, and evaluate pricing strategies.
- Leverage technology for revenue management and labor monitoring to improve the bottom line.
Technology's Impact on Hotel Finances
- Technology is driving financial results in the hotel industry.
- It offers tools for forecasting weather and monitoring labor costs and staffing.