It must be high time for budgeting at your business, which is why you are reading this article. Feeling overwhelmed? But seriously, why can’t companies just minimise spending and cut back on all unnecessary expenses? Who needs pizza days anyway?
Recent TRG blog posts
Hotel Budgeting: Tips to Stay in Control
Posted by Rick Yvanovich on Tue, Nov 12, 2024
Blog Topics: Hospitality solutions, Financial consolidation, planning and reporting
Generative AI vs OTAs: What's Going to Happen to Your Hotel Business?
Posted by Andrew Turton on Thu, Oct 24, 2024
Remember when OTAs were the unavoidable gatekeepers of online hotel bookings? Those days might be numbered, thanks to a new disruptor in town: generative AI. If you're a hotel executive watching the AI revolution unfold, you're probably wondering what this means for your business – and more importantly, your bottom line.
Blog Topics: Hospitality solutions
The Environmental Price of Convenience: Waste in the Hospitality Industry
Posted by Andrew Turton on Mon, Oct 14, 2024
In the hospitality industry, waste management refers to the practices and strategies used to reduce, reuse, and recycle waste generated by hotels, restaurants, and other service providers.
Blog Topics: Hospitality solutions, News
Paws On The Go: How Hotels Cater To The Pet Travel Boom
Posted by Andrew Turton on Mon, Oct 7, 2024
Travel is more than just a getaway; it is an opportunity for adventure, exploration, and bonding. For many pet owners, their furry companions are an important part of this journey. In recent years, the trend of travelling with pets has become increasingly popular, driven by a desire for connection, comfort, and an enriched travel experience.
Blog Topics: Hospitality solutions
Personalisation vs Profit: Which Matters More for Hotels?
Posted by Andrew Turton on Fri, Sep 20, 2024
Personalised services versus revenue management, which is more crucial for a hotel's success? This is a question that has sparked considerable debate among industry professionals.
Blog Topics: Hospitality solutions
Understanding USALI Fundamentals: Your Guide to Hotel Accounting
Posted by Andrew Turton on Tue, Sep 17, 2024
As seasoned hospitality professionals know, accurate financial reporting and analysis are essential for hotel success. For nearly a century, the Uniform System of Accounts for the Lodging Industry (USALI) has been the definitive standard for achieving transparency and comparability across the industry.
Blog Topics: Hospitality solutions, Financial Accounting Management Software
Why Indian Tourists are a Gold Mine for Global Tourism
Posted by Rick Yvanovich on Fri, Sep 6, 2024
India's rise to become the world's most populous nation is transforming Southeast Asia's tourism landscape. Learn how Vietnam and neighbouring countries are adapting to attract Indian tourists, addressing challenges, and seizing this lucrative growth opportunity. Discover strategies that can enhance Vietnam's appeal to Indian tourists and ensure memorable experiences.
Read more: How Hotels Can Capitalise on the Growing Trend of Bleisure Travel
Table of Content
- How the World's Most Populous Nation is Transforming the Tourism Landscape
- Thailand and Malaysia: Welcoming Indian Tourists
- How Vietnam Can Seize This Opportunity
- A Good Example: Indian Billionaire's Company Trip
- Conclusion
How the World's Most Populous Nation is Transforming the Tourism Landscape
India is rapidly emerging as a significant player in the global tourism market. With a burgeoning middle class and increasing disposable income, Indian tourists are exploring international destinations more than ever before. Their preferences often lean towards cultural sites and beach resorts, making them an attractive demographic for countries looking to boost their tourism sectors.
Blog Topics: Hospitality solutions
Best Practices for Financial Forecasting in the Hospitality Industry
Posted by Andrew Turton on Tue, Sep 3, 2024
Financial forecasting in the hospitality industry presents unique challenges such asseasonality, economic fluctuations, and rapidly changing consumer preferences. By following the best practices outlined in this article, finance executives in the sector can greatly improve the accuracy and effectiveness of their projections.
Blog Topics: Hospitality solutions, Financial Accounting Management Software
How an IT Professional Can Make the Case for Cloud PMS to the C-suite
Posted by Andrew Turton on Sat, Aug 31, 2024
As an IT professional in the hotel industry, you're no stranger to the importance of a reliable Property Management System (PMS). While the familiarity of your current on-premises solution might make it seem like a safe choice, the benefits of migrating to a cloud-based solution are substantial.
Blog Topics: Hospitality solutions
Sustainable Hospitality: Why Going Green Is Not That Straightforward
Posted by Rick Yvanovich on Thu, Aug 15, 2024
With travellers increasingly seeking out eco-friendly options, the hospitality industry is under pressure to adapt to a world where sustainability is not just preferred but required, but before jumping onto the green bandwagon, there are things hotel executives need to consider.
Blog Topics: Hospitality solutions, Digital Transformation