Yes - it's budgeting season, again!
The good news is that the process doesn’t have to be that difficult. The team at Revenue Matters has put our heads together and has come up with some helpful tips to help get you through. You can get the complete list by clicking HERE.
Also, we thought it would be helpful if we provided you with some helpful resources to aid you in your 2019 planning.
2019 Projections for the US market:
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U.S. hotel forecasts continue to look up
By Alicia Hoisington, Hotel Management
Another quarter gone, another round of forecasts from the industry’s analysts. And most of it spells good news for the United States hotel sector. Is there a downturn in sight? It doesn’t appear that way when looking at the data projected through the end of this year and into 2019.
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Hotel Sector Forecast Lifted or 2018, 2019
Michael Tucker, MBA Newslink
The U.S. hotel sector is likely to continue its strong performance through 2019, according to a report from STR and Tourism Economics.
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This past month, we had the opportunity to experience charming hospitality at The Inn at Hastings Park in Lexington Massachusetts. This Relais and Chateaux property sits just steps from Lexington Common where the first shots of the American Revolutionary War were fired. Of course, every property has its own flavor of what service and attention to detail means; however, the natural welcoming reception we experienced here and the meticulous restoration of an historic home stands out as being very memorable.
Heading further north into Maine, we felt it was our mission to taste test every lobster roll we could. The one we had sitting out on the deck of The Clam Shack in Kennybunkport was fantastic. The combination of a fresh one-pound lobster covered in both butter and mayo probably did it. The AC Hotel in Portland was home base for a couple nights. A design-forward property within convenient walking distance to the shops and restaurants on Commercial street. Bao Bao was my favorite restaurant - a must visit if you like dumplings.
Although we were a bit too early to see the full splendor of the fall colors, the drive through New Hampshire’s White Mountain National Forest to Vermont was very scenic. The tour of the Ben and Jerry’s ice cream factory in Waterbury was a nice treat too. It’s amazing how such a simple concept and relatively small physical plant can become a global phenomenon. After a meeting there (more on that later), we stopped by the Waybury Inn in Middlebury, VT. What’s so special about this place you ask? It was the inspiration behind Bob Newhart’s “Stratford Inn” which, strangely enough contributed to my interest in pursuing hospitality as a career! It’s funny how something so innocuous can have a profound impact on our lives. I have no regrets!
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Introducing Dana Paisley, Marketing Coordinator
Dana Paisley brings with her over ten years of experience working in the marketing and hospitality industries. Prior to working for Revenue Matters, Dana held positions as Marketing Coordinator and Social Media Manager for a small hospitality marketing company. Prior to that, she worked as a marketing coordinator for Destination Hotels & Resorts. Throughout the years, she has had the opportunity to gain experience in many aspects of marketing, including writing and editing mail, email and website copy and managing the execution of direct mail and email campaigns, as well as managing social media outlets for clients in the hospitality industry.
Since joining Revenue Matters, Dana has learned that Excel formulas are your friends, not your enemies; that patience is key when the need for troubleshooting arises; and that working with people that you love and admire is actually possible.
What you may not know, but would love to find out:
- Dana's favorite room in her home is the kitchen...where the day begins with a hot cup of coffee and ends with a creamy bowl of ice cream.
- After the hustle and bustle of the day, you'll find Dana cozying up to her favorite show, Offspring.
- Summer vacation would never be the same for Dana without a trip to the Outer Banks.
- Dana's favorite leading man on the big screen is Jimmy Stewart.
- Dana's favorite past time is organizing anything and everything she can get her hands on.
- A dinner out must always include Dana's husband, Tom...and shrimp and grits.
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The Guestbook
The Guestbook is a customer loyalty program that specializes in direct bookings, by offering guests the best deals through cash back rewards, resulting in 20%+ higher direct booking conversions and a stronger relationship between hotel and guest. It's simple, yet effective program integrates seamlessly with over 20 different reservation systems and is currently connected with over 600 properties across the globe.
To find out more, ask your director of revenue strategy or go to: theguestbook.com.
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Upcoming Office Closures:
October 22–26, 2018 – Annual Company Retreat
November 22 & 23, 2018 –Thanksgiving Holidays
December 24–26, 2018, December 31, 2018–January 2, 2019 – Holiday Season |
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Do you know how Revenue Matters can help build your revenue?
Watch this quick 2-minute video to learn more! |
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