My Revenue Hub

The HSMAI Revenue Advisory Board have selected specific news, insights, education, jobs and more. Let us do the work filtering the relevant information for you.

FASTRACK YOUR REVENUE PROFICIENCY!

It takes a long time to train a new person for the revenue Department. Speed up the process with an online study program. HSMAI have developed a course especially for people who have less than two years experience in revenue functions. The “Certificate in Revenue Management (Hospitality)”. Start anytime, study anywhere.

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ARE YOU CERTIFIED?

Get certified and boost your professional status. Executive certification offers you the chance to confirm your knowledge, experience, and capabilities in the field of revenue management.  Get your CRME designation from HSMAI now….read more

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HOTEL REVENUE INSIGHTS

APAC Travel Trends and the Digital Transformation in Hospitality

From Recovery to Innovation: Asia Pacific's Travel Trends and the Digital Transformation in Hospitality In 2024, the Asia Pacific travel industry is experiencing a significant recovery, with tourism figures drawing close to pre-pandemic levels, as reported by Reuters and TTG Asia. The region is positioned as the primary engine for travel growth, with a Skift report projecting a robust 20% increase in travel revenue over the previous year, significantly outstripping Europe's modest 5% gain. Destinations within the region are strategically emphasizing sustainable tourism and high-quality experiences to effectively manage the surge in travel demand. As the year progresses, the tourism landscape exhibits a blend of cautious optimism and a clear evolution in traveler behavior, signaling a nuanced and promising outlook for the Asia-Pacific travel sector. 2024 Asia-Pacific Regional Performance and Trend: Across Asia-Pacific, RevPAR grew about 40 per cent year-on-year, with the whole region outperforming 2019 by 10 per cent. Leisure demand drives occupancy, with sustained corporate and group travel increases. Tokyo, Bali, and Shanghai are top performing destinations. Anticipation of increased travel demand due to Asian travelers’ interest in cultural and ancestral heritage. In Southeast Asia, countries like Malaysia and Thailand are among the top destinations that are benefiting from...

5 Place Based Marketing Strategies for Hotels

Davis Keeter, CHDM, Leisure Groups Team, BWH Hotels, Rising Marketing Leader Council Member  At Best Western we have properties all over the globe. Domestically, there are a few key locations that we heavily market to make sure our customers know about. The biggest being our National Park hotels. You can find a Best Western location near almost all national parks in the US. This led me to spark the conversation with the Rising Marketing Leaders on how we are utilizing strategic hotel placement. Here are our top tips.   Utilize Strategic Locations: The success of a hotel often depends on its location. Whether it’s nestled in a national park or centered in a bustling city, location plays a pivotal role in attracting guests. Targeted Marketing Campaigns: Understanding guest interests is crucial. Hotels in sports-centric locations, for example, tailor their marketing to attract sports fans, creating a stronger personal connection. Emphasize Luxury and Exclusivity: For luxury hotels, highlighting the exclusivity and unique aspects of their location can add an extra layer of appeal and intrigue for guests. Capitalize on Niche Markets: Hotels like those along Route 66 exploit unique opportunities by being the sole option in some regions. This strategy creates a unique selling point that...

Effective Communication in the Hotel Industry: Key Takeaways

Effective Communication in the Hotel Industry: Key Takeaways Heather Harmeyer, Director of Sales and Marketing, Embassy Suites, HSMAI Rising Sales Leader Council Member  From meeting planners to your team to guests, it is essential to change your communication strategies aligning with the changing landscape and technological advances. Drawing from a recent discussion with HSMAI Rising Sales Leaders, I have identified four actionable insights that can lead to improved communication throughout hotels, spanning across departments, and extending to clients.  Adapt to Change and Technological Advancements During the pandemic there was often tension between meeting planners and hotel representatives, often fueled by cancellations and alterations to terms. Navigating these challenges demanded a shift in communication strategies. The emphasis has since moved towards being adaptable, acknowledging the changing landscape, and harnessing technological advancements to stay connected.  Ensure Sales Team Alignment Ensuring that the sales team remains on the same page, especially when managing multiple properties, is essential for effective operations. Regular and consistent communication came out of our discussion as the core of achieving this alignment. One member recommended holding weekly meetings with general managers to establish common goals and maintain synergy across teams.  Embrace Heart-Centered Leadership Heart-centered leadership, characterized by empathy and understanding, was highlighted as an...

Regional Conferences

Events for Revenue people

Events

Regional Conferences

Events for Revenue people

REVENUE ARTICLES

REVENUE ROUNDTABLES

2) Chief Revenue Officers Executive Roundtable

21st March, 2018 – Singapore

Chief Revenue Officers Roundtable – Australia/Pacific 
26th March, 2018 – Sydney
Chief Revenue Officers Roundtable – Australia/Pacific

25th July, 2018 – Sydney

Chief Revenue Officers Executive Roundtable

17th October, 2018 – Singapore

Note: Roundtables are Invitation-only events

Please contact us if you lead the Revenue function for your hotel chain or company and you would like to be on the invitation list.

Economics and Business

Service design is a form of conceptual design that involves the activity of planning and organizing people, infrastructure, communication and material components of a service in order to improve its quality and the interaction between the service provider and its customers.

Service Management

Service design may function as a way to inform changes to an existing service or create a new service entirely. The purpose of service design methodologies is to establish best practices for designing services according to both the needs of customers and the competencies and capabilities of service providers.

Administrative Service

If a successful method of service design is employed, the service will be user-friendly and relevant to the customers, while being sustainable and competitive for the service provider. For this purpose, service design uses methods and tools derived from different disciplines, ranging from ethnography

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