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Revenue management endured a strange year in 2020. Last March, the terabytes of historical demand data that drove many revenue management system (RMS) algorithms became useless overnight. Someday it will return, but hotels can’t wait. In the meantime, many hotels have rethought their approach to revenue management in ways that will result in permanent as well as temporary changes.

What 2020 Taught Us
Posted: 01/12/2021

In early 2020 in celebration of Aspire's 25th Anniversary, I wrote a book called Sh*t I Wish I Knew, 25 Lessons over 25 Years. When we decided to make it a "limited edition," we had no idea how profound that decision would be!

What a difference a year makes. After hotel occupancy peaked at 62.2 percent last January, the onset of COVID-19 led to seven months of consecutive drops, bottoming out at 24.5 percent in April before stabilizing around 48 percent in October. Hotels have largely remained in operation during this bumpy ride thanks in part to investments made in new technology such as contactless communications, data analytics, and automated systems. Hotels are increasingly embracing innovation like never before as they search for new ways to operate, shedding outdated strategies in favor of what works.

In the chaos of an epidemic, we have never longed more for peace. Peace of mind. Peace between each other. Peace on earth.

2020 is now thankfully almost behind us. With the arrival of vaccines, the hospitality industry is starting to regain some optimism about the future. The pandemic facilitated technology adoption, as hotel managers were forced to implement technologies that they previously rejected – and often found some of them very effective. This experience should reduce the resistance to adopting new technologies in hotels in coming years, at least a bit.



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Articles tagged as: mindset
What 2020 Taught Us
Posted: 01/12/2021 by Renie Cavallari

In early 2020 in celebration of Aspire's 25th Anniversary, I wrote a book called Sh*t I Wish I Knew, 25 Lessons over 25 Years. When we decided to make it a "limited edition," we had no idea how profound that decision would be!

Toxicity Kills
Posted: 10/07/2020 by Renie Cavallari

It doesn’t matter if it is toxins in your physical environment or toxins in your mental environment. This stuff kills! 

The Power of a Changed Mindset in a World in Flux
Posted: 10/07/2020 by Karla Brooklyn

It’s said that when someone’s mindset shifts, everything around them can change at the same time, and in our current setting, the importance of being in the right headspace, both personally and as an organization, can’t be discussed enough.

Finding Peace Within
Posted: 05/05/2020 by Renie Cavallari

As we continue to social distance and find our way in this new world order, the one thing you can control without exception is how you think and what you choose to focus on. Your thoughts reflect your beliefs. A belief is something you feel certain about. Generally, your beliefs are a reflection of your life experiences. This is why one person can experience something and see it as a positive while another person has the same experience and feels terrible, stuck and afraid. 

10 Ways to Turn Your Motivational Switch
Posted: 04/21/2020 by Renie Cavallari

In challenging times, it is sometimes hard for us to dig in and turn on. Today more than ever, we get sucked into the endless news feed. We have limitations on what we can do and how we can do it.