Page 2 - Data Conference News Today

Article - Hotel Industry Struggles To Replenish Quality Talent in Sales and Marketing - CoStar - Spending and staffing on hotel sales and marketing have reached pre-pandemic levels, but the quality of salespeople has dropped, executives said.

Article - Inflation Abomination - How Inflation Affects Hotel Revenue Streams, Expenses - CoStar - A presentation on inflations effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face increasing costs, particularly from labor.

Article - Leisure Travelers Becoming More Price Sensitive - CoStar - Hoteliers and travel experts speaking at the 2023 Hotel Data Conference said leisure travelers want to feel like theyre getting a good value in their stay and that theyre getting what they pay for.

Article - Executives Grapple With How Hospitality Must Change To Attract Workers - CoStar - While wage negotiations are always at the center of hiring, recruitment and retention, hotel leaders said young employees are also being more direct with their expectations of a career trajectory in the industry.

Mitra Innovation was delighted to co-sponsor Travis Perkins’ (TP) annual Technology and Data Conference, where internal IT teams present on current initiatives

Rising cost pressures, particularly from skyrocketing wages, are making it more difficult to maintain profits at hotels, but hoteliers say a combination of strong rate growth and more efficient operating models have helped keep their businesses thriving.

Hotel guests expectations for food-and-beverage offerings have risen with the record-high average daily rates across the country. But meeting those expectations amid staffing issues is no piece of cake.

Business-transient demand for hotels has been the slowest segment to rebound since the start of the COVID-19 pandemic, and Jan Freitag, national director for hospitality market analytics at CoStar, believes the segment may have permanently shifted.

Dragonfly Strategists announced the promotion of Alise Deeb as its new chief revenue officer to take charge of driving revenue and profitability of the companys growing diverse portfolio. Ms. Deeb earned this position after 5 years at the company to support Dragonflys client and company profitability.

Prior to March 2020, the tourism industry was booming worldwide. Hotels benefited from year-on-year growth in tourism and the continuous onslaught of guests during peak holiday seasons. As hotel business thrived, no one gave much thought to where their revenue was coming from, considered long-term investments, or clearly understood the implications to profitability.