Latest news with #HotelManagementNetwork
Yahoo
a day ago
- Business
- Yahoo
Surge in European residential investments brings challenges for hotels
European residential property investments have seen a notable increase recently, driven by several large-scale transactions. This trend is attracting attention beyond traditional real estate circles, including the hotel sector, as investors seek stable, long-term returns in residential assets. Understanding these developments is important for hotel operators and investors, as shifts in urban living and housing markets can influence local demand and hospitality strategies. Several high-value residential property transactions have pushed investment volumes higher across key European cities. These sizeable deals often involve entire residential portfolios or landmark housing projects, signalling strong investor confidence in the sector. For the hotel industry, this underscores a broader shift in urban property investment, with residential developments increasingly shaping city landscapes and influencing accommodation demand patterns. The growing investor focus on residential real estate reflects ongoing urbanisation and housing shortages in many European markets. These factors contribute to rising rental demand and more stable occupancy rates in residential properties, elements that hotel operators also monitor when planning capacity and services. As residential investments rise, hotels may need to adapt to changing neighbourhood dynamics and the evolving needs of local populations. The expansion of large residential property investments is likely to have ripple effects on the hotel sector. Increased residential development can alter visitor flows and local market conditions, affecting hotel occupancy and pricing strategies. Furthermore, the integration of residential and hospitality concepts may present new opportunities for collaboration and innovation in urban property management. "Surge in European residential investments brings challenges for hotels" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14-06-2025
- Business
- Yahoo
TakeUp's AI platform available on Oracle Cloud Marketplace for revenue optimisation
TakeUp, a provider of AI-powered revenue optimisation platforms for independent hotels, has announced its availability on Oracle Cloud Marketplace. The platform can be deployed on Oracle Cloud Infrastructure (OCI) and integrates with Opera Cloud via the Oracle Hospitality Integration Platform (OHIP). This integration aims to enhance hotel revenue management strategies through AI-driven solutions. TakeUp CEO Bobby Marhamat said: 'Making TakeUp available on the Oracle Cloud Marketplace is a game-changer for independent properties looking to level up their revenue strategy beyond traditional yield management. 'TakeUp's participation in Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to reap the benefits of TakeUp's AI-powered revenue management platform. We look forward to leveraging the power of Oracle Cloud Infrastructure to help us achieve our business goals.' The TakeUp hotel revenue management platform combines AI-powered learning models with personalised guidance from revenue strategists to optimise room rates in real-time. This approach ensures that shifting demand, market conditions, and guest behaviour are analysed through machine learning and refined with human expertise to maximise revenue impact. Revenue managers face an overwhelming number of pricing decisions daily. TakeUp claims to streamline this process by automating complex, time-consuming tasks. The platform runs real-time simulations across countless scenarios, dynamically adjusting rates to match shifting market conditions. TakeUp acts as a partner, allowing revenue managers to focus on high-level decision-making while continuously optimising their pricing strategies. Through this integration, revenue managers can access near real-time price sensitivity analysis, enabling them to fine-tune rates with data-backed precision. A continuous feedback loop refines future strategies for revenue and profitability. Intelligent automation saves time by automatically running simulations and adjusting rates based on market conditions, reducing manual guesswork. Oracle Cloud Marketplace serves as a centralised repository for enterprise applications offered by Oracle and its partners. It provides Oracle customers with trusted business applications and services that offer unique solutions. Designed to run any application faster and more securely, OCI offers more than 150 AI and cloud services. It is claimed to address data privacy, sovereign AI, and low-latency requirements, providing consistent performance and global pricing. "TakeUp's AI platform available on Oracle Cloud Marketplace for revenue optimisation" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-06-2025
- Business
- Yahoo
Actabl launches new ProfitSword digital night audit feature for hotels
Hospitality software company Actabl has unveiled its Digital Night Audit feature within the ProfitSword platform, transforming the traditional hotel audit process. This innovation aims to replace manual, paper-based audits with a fully automated digital system. Engineered for on-property teams and finance leaders, the feature enhances efficiency and compliance management across hotel portfolios. The Digital Night Audit tool allows hotels to configure custom workflows, automatically compile reports, and track submissions and approvals in real-time. With data stored for up to seven years, the feature ensures easy access for compliance reviews and audits. This development promises to save staff time and reduce compliance risks associated with traditional nightly audits. Actabl product development senior vice president Stephen German said: 'For most hotels, night audits are still painfully manual. Dozens of reports are printed, marked up, scanned, and then filed away in storage units that cost money and collect dust. 'With Digital Night Audit, we're removing that pain and replacing it with a smarter, faster way of working. Hotel teams and leadership get a standardised, real-time view into audit activity across their entire portfolio—bringing greater consistency, accountability, and efficiency to one of hospitality's most outdated workflows.' The feature provides hotel management companies with a consistent and controlled approach to monitoring audit activities. This enables management to oversee completion rates and identify exceptions without the need for direct oversight of property teams. This marks a departure from previous methods, which often involved inconsistent processes and ad-hoc communication. The introduction of Digital Night Audit transforms the verification of audit completions, which previously relied on emailed spreadsheets and physical documents. A new digital checklist and centralised dashboard facilitate real-time tracking of progress and approvals, ensuring a more efficient and error-free process. This electronic record-keeping also aligns with sustainable practices by reducing paper usage. Last month, Actabl also launched ProfitOwner, a business intelligence platform for hotel ownership groups. This platform provides immediate, standardised data across properties. "Actabl launches new ProfitSword digital night audit feature for hotels" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Kalibri unveils Profit Platform to tackle rising hotels costs
Data and technology company Kalibri has introduced Profit Platform, a solution designed to enhance profitability and enhance the value of hotel owners' assets. The solution seeks to help the hospitality sector tackle the current scenario where operational expenses are outpacing income, squeezing profit margins. Leveraging granular transaction data and advanced predictive AI, the Profit Platform equips hotel proprietors, managers, and asset supervisors with the capabilities to transcend traditional revenue per available room (RevPAR) and superficial financial indicators. Kalibri co-founder and CEO Cindy Estis Green said: 'At a time when the hospitality industry faces surging expenses and increasing complexity in targeting its business sources, the focus has to shift to getting the revenue that contributes most to profit. 'This is about helping hotels take back control of their performance and shift to a ProfitFirst strategy that aligns with owner priorities.' The platform has begun to yield quantifiable outcomes, says the company. A select-service hotel that used Kalibri's Profit Platform has seen a substantial enhancement in its asset valuation, amounting to an increase of $2.24m. Additionally, the hotel achieved an increment of $179,000 in revenue that carries a high profit margin, which was attributed to strategic adjustments in their mix of services and more intelligent distribution of resources. B.F. Saul Company Hospitality Group president Mark Carrier said: 'Finally, a platform that speaks the owner's language of flow-through and profit. 'Kalibri's platform helps our management team spend time and funds on the business mix that yields the highest profit contribution. That means we grow our bottom line and our asset values.' Kalibri's Profit Platform is designed to identify the most lucrative business mix and forecast demand across different rate categories and channels. With this tool, hotel operators can avoid redundant spending patterns and pursue more profitable business opportunities. Kalibri president and chief operating officer Kristen Clark said: 'As we head into budget season, hotel teams finally have a tool that aligns sales and marketing spend with profitability.' "Kalibri unveils Profit Platform to tackle rising hotels costs" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Special hotel booking service launched for 18-year-old travellers
US-based Hotels for 18 Year Olds has launched a service targeting young adults who often encounter difficulties when booking hotel accommodations due to age restrictions. The platform aims to simplify the process by providing information on age-friendly hotels across the country. The service specialises in collaborating with hotels that welcome guests who are 18 years old, addressing a gap left by traditional booking sites, which frequently omit clear age requirements. This oversight can lead to last-minute cancellations and complications for young adults, who, despite being legal adults, face age-based barriers in the hospitality sector. founder Randall Barwick said: "Too many 18-year-olds are being turned away at hotel front desks or having their reservations cancelled simply because of their age. "We're bridging this gap by creating the first platform specifically designed to solve booking challenges for young adult travellers who are legally adults but still face age discrimination in the hospitality industry." The platform provides details about each property, encompassing specific age requirements and any other policies that might impact young adult guests. Barwick added: "We're seeing strong interest from both travellers and hotel partners who recognise the value in serving this demographic. "College students, young professionals, and other 18-year-old travellers deserve the same booking confidence that older guests enjoy." The service caters to different travel needs common among young adults, which include internship relocations, college visits, gap year trips, and early career travel. The platform is now live and features properties in major US destinations, with plans to broaden its network of partner hotels and include international destinations. "Special hotel booking service launched for 18-year-old travellers" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
