Larry Spelts

Jun 27, 2024 | hotelnewsresource.com | Connor Vanderholm |Dan Voellm |Larry Spelts

Spa, Swimming Pool - Unsplash+    Effective pricing strategies are the cornerstone of spa revenue management. While price controls are still largely a manual endeavor in the spa industry compared to the more sophisticated automated programs employed for hotel rooms and airline seats, there are a number of pricing levers including dynamic, real time, advance, and last-minute pricing strategies that can be used to build your spa revenue management program. Let’s explore. 1.

Jun 26, 2024 | hotelnewsresource.com | Connor Vanderholm |Dan Voellm |Larry Spelts |Debbie Miller

The Blame Game: When Marketing Blames Revenue Management and Vice Versa     The Duel of Perspectives Picture this: Marketing campaigns are in full swing, beautifully crafted, and meticulously executed to entice guests. Meanwhile, the revenue management team is diligently fine-tuning pricing strategies to optimize profits. Peaceful and cohesive like a Paula Detlefsen painting. That is until occupancy rates falter or revenues don’t meet expectations, then the fingers begin to point.

Jun 3, 2024 | hotelnewsresource.com | Dan Voellm |Larry Spelts |Debbie Miller |Mandy Murry

Six Pitfalls for Full-Service Hotel Development Part 1- By Dan Voellm    Part 1: Two pitfalls for full-service hotel development Hotel development is a complex undertaking. It requires little of the skills to operate and monetize the asset. Owners and architects are often ill-equipped to measure up the requirements for running a successful hotel a few years down the road. While certain industry trends exist, fundamentals still need to be observed.

May 30, 2024 | hospitalitynet.org | Larry Spelts

Small properties (one hundred rooms or less), especially upper-upscale and luxury boutique hotels in destination markets that are principally leisure with higher ADRs, are often attractive buy-out destinations for certain kinds of groups. This can range from weddings and reunions to corporate and association retreats or incentive travel.

May 18, 2024 | hotelnewsresource.com | Larry Spelts |Kristina M. D'Amico

The Travel Sector in 2024 is Breaking Boundaries According Mastercard Research    The travel sector in 2024 is breaking boundaries. Through March 2024, consumer spending on travel is robust with significant increases in passenger traffic, according to the latest global report from the Mastercard Economics Institute. Released today, “Travel Trends 2024” provides comprehensive insights into the evolving landscape of the travel industry across 74 markets.