Recent TRG blog posts

Concert tourism has evolved from a niche market to a major driver of international travel, presenting unique opportunities for the hospitality industry. However, success will require a delicate balance between maximising economic benefits and ensuring sustainable, responsible tourism practices. 

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? 

Modern travellers today are not travelling for the destination!

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.

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.

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.

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.

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. 

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.

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.