Preparing for an Uncertain 2023: Lessons from a Hotel Strategist

Summary:

The International Monetary Fund (IMF) is predicting that the global economy will face a tough year in 2023. While ADR continues to grow, new economic challenges—including interest rates and operational costs—are rising at an even faster rate.

In this webinar, we’ll discuss the key macro headwinds facing hoteliers in 2023, their impact on demand and revenue management, and reasons for optimism. You’ll learn practical tips from a hotel strategist on how to creatively solve for these challenges and be positioned to handle uncertainty this year – and in the future - better than your competition.

Key learning objectives:

How to best approach the uncertainty in the face of a potential recession
Strategic methods that will help continue to grow rate
Ways revenue management should be utilizing guest data to improve property performance

Speakers

Bryan Bailey

Vice President of Revenue & Distribution, Minor Hotels

Bryan is responsible for the leadership and direction of the revenue management and enterprise distribution functions for Minor Hotels. Bryan is a senior commercial leader with a strong background in commercial functions and people management, having spent more than 20 years within the airline, hotel management and tourism industries whilst based in Thailand, Australia, Denmark and the United Arab Emirates. Prior to joining Minor Hotels, Bryan was Manager of Revenue for the Virgin Australia Group of Airlines.

Troy Lovatt

Director of Account Management, IDeaS Revenue Solutions

Troy has been helping IDeaS clients for more than six years and has been in the hospitality industry for more than 30 years working to educate and optimize revenue on property and in the corporate office across major hotel chains including Minor Hotels, ONYX Hospitality Group and IHG in the Asia-Pacific region.

Available On-Demand

First Name

Last Name

Company

Job Role

Job Level

Country

I would like to receive marketing communications from IDeaS. Yes

Comments

Integrated Decisions and Systems, Inc. (IDeaS) places great value in fair information practices. From time to time IDeaS would like to send you marketing materials including monthly newsletters, webinar invitations, industry-related thought leadership and offers. Your information will be handled in accordance with our privacy statement. If you agree that IDeaS may contact you for marketing purposes by email, please opt-in above.

Webinar On-Demand