For full-year 2019, The Caribbean hotel industry reported lower occupancy but record-breaking average daily rate (ADR) and revenue per available room (RevPAR) during 2019, according to data from STR.
This week we conclude our three-part series: Growing Restaurant Revenues: Revenue Management - as we explore five ways to optimize your restaurant’s menus for profit, the final revenue management strategy to increase profitability.
In last week’s Spotlight on Tourism column we began a 3-part series: Growing Restaurant Revenues: Revenue Management.
Perhaps, your restaurant is thriving, but you're always seeking a few new strategies to further boost sales. Or maybe your restaurant isn't making enough revenue and you need a solution to avoid having to close your doors.
Remember 2010? Well, the iPhone 4 was cutting-edge and the era of mobile check-in using smartphones or PDAs had just began; London was gearing up to host the Olympics; and Iceland was a movie location not a tourist destination.
Businesses in the hospitality industry are, well, businesses, but making a profit and making a difference do not have to be mutually exclusive.
Established businesses around the world invest in customer retention, as well as making themselves attractive to other consumers who are leaving their current providers in search of a better alternative.
A lot has changed over the years, but if you ask today’s customers, a lot has stayed the same.
The holiday season is one of the busiest times of the year for many hospitality and tourism businesses.
This is the third and final part of our Then and Now series on tourism, bringing you from the 1980s up-to-date with Cayman’s present-day tourism industry