Hotel chains may soon start earning more from food and beverage (F&B) than room revenues as F&B revenue has been growing constantly over the past five years while room revenue has been dipping.
According to a recent HVS-FHRAI report on the Indian hotel industry, revenue from F&B segment - which includes banquets and restaurants - rose to 42.6 per cent in 2015-16... Read Full Article
In the present context supply chain management is the constant search for improving the way you get the materials that the hotels need to generate the product/ service. It touches upon planning for managing the resources which result in giving service to your customer. This is so because according to the basic requirements of SCM the hotel may spend up to 55% of their costs on material procurem... Read Full Article
Airbnb itself was founded in August 2008 and defines itself as "a social website that connects people who have space to share with those who are looking for a place to stay", and exemplifies a community marketplace. Airbnb hosts list their spare rooms or apartments, establish their own nightly, weekly or monthly price, and offer accommodation to Airbnb guests.... Read Full Article