Eugene Remm’s Post

Industry Insight: Navigating Challenges in UK Hospitality 🍻🍽️ This recent article from City AM by Laura McGuire sheds light on the precarious state of the UK nightlife and hospitality industry, teetering on the brink of collapse. https://lnkd.in/eF9p3T-d 📰 In the face of these unprecedented challenges, it's crucial to explore innovative solutions that can serve as a lifeline. 💡 By leveraging machine learning algorithms, businesses can not only analyse historical data and current trends but also tap into external data sets for a more comprehensive understanding. This empowers businesses to optimise inventory, reduce waste, and strategically plan for fluctuating customer footfall. 📊 By integrating external data sets into predictive models, businesses can enhance their ability to forecast demand more accurately. For instance, knowing how weather impacts foot traffic or understanding social media trends can aid in strategic planning. While the challenges are immense, technology can be a beacon of hope for the UK nightlife and hospitality industry. Let's advocate for innovative solutions, leveraging the power of data to navigate through these uncertain times. 💪🌇 Curious about how Predyktable can help your business navigate these challenges? Reach out today and let's embark on this transformative journey together. 🚀🤝 #hospitalitytech #techsolutions #machinelearning #Predyktable #datadriveninsights #predictivemodeling

Have you ever wondered why your favorite burger joint is conveniently placed right next to your gym, or why your go-to Starbucks is always perfectly positioned for your caffeine fix? It’s not magic—it’s strategic genius! Location can make or break a business. After all, you can't sell surfboards in the desert. So, I and my teammates Pawan Kurada, Karan Karnik, Haden Foster, Bhavan Sekar embarked on a capstone adventure, leveraging analytics and machine learning to crack the code of prime business locations. Picture this: a tool so advanced it could steer #retailchains, #banks, and #hospitality giants such as #Hilton and #Marriott toward their next prosperous location. In collaboration with industry leaders, we crafted the "vibrancy score." Think of it as a "happiness meter" for locations. This ensures businesses thrive in environments perfectly suited to their needs. Because, let's be honest, not every business can rely solely on good Wi-Fi!! Curious to witness our innovative approach in action? I invite you to watch our concise video created for the Future Edelman competition and like it, where we stand as finalists for more details. Video Link: https://lnkd.in/gFbHfHes #DataScience #Analytics #Geospatial #Purdue #INFORMS

🌟 Exciting News! 🌟 📈 Dive into the latest trends and insights shaping the Revinate Hospitality Industry in EMEA with our 2024 Benchmark Report! 💼 Unlock the 🔑 power of first-party guest data and discover why it's essential for maximizing revenue opportunities and gaining a competitive edge in today's dynamic market. 💰 Don't miss out on staying ahead of the curve! 🔄 Download the report now and elevate your strategies to new heights! 📊 #HospitalityIndustry #EMEA #DataInsights #RevenueOpportunities #CompetitiveEdge

Being up to date with the latest trends in the Hospitality industry is key to the success of your business and we have done the groundwork for you bringing the trends that must be on your radar this year, Hospitality Industry Trends and Key Statistics: 2024 Update https://lnkd.in/gdiJ79w7 #HospitalityTrends #IndustryInsights #BusinessSuccess #DataAnalysis #HospitalityStatistics #2024Update #EHLInsights #IndustryResearch #BusinessDevelopment #MarketTrends

We're on a mission to help hospitality businesses make better data-led decisions, through unrivalled insight into their customers, competitors and local market dynamics. Great data is one of the cornerstones of our business, with our card spending data tracking the purchasing behaviour of 10.2 million people across more than 160,000 individual named hospitality venues. We can help you cut through the noise and understand what's really happening; such as understanding if a particular challenge is something that's specific to you or whether it's a wider market issue. Please get in touch if you'd like to find out how our great data can help your business: [email protected] 📊📧 #HospitalityData #hospitalitysolutions #hospitalityconsulting #ukhospitality

It's like we're in a car with no brakes 😜 The economy. Strong 💪, soft landing 🍦 or recession 📉? So, what's the real deal? 🤨 I invited Don Barnett, DOSM at LondonHouse Chicago on to get a temperature check. He's more optimistic than me, but… His comments regarding the resiliency of the industry are something to really consider. Listen in, and for the full interview, see the link in the comments. 👇 . . . #hotelsales #hotelmarketing #hospitality #b2bhospitality #hospitalityb2b

Are you ready for some revenue sleuthing? 🤔 In a recent post, Connor Vanderholm, MBA shares ideas from advanced rate shopping to dynamic pricing strategies, to help you discover the secrets to staying ahead in the competitive hospitality industry. Whether you’re a seasoned revenue manager or just starting out, these insights will help you drive significant financial performance improvements. Grab the game game-changing tactics when you visit the link in comments. #RevenueManagement #Hospitality #CompetitiveIntelligence #DynamicPricing #HotelIndustry #RevenueSleuth

Thanks to The Scotsman for the publication today of this article about the power of data within the #hospitalityindustry, it was an interesting piece to research and write.

Great conversation with our Retail and Hospitality Directors Dominic Tixerant and Lizzie Knights on the CADA Design webinar last week. Topics covered included: 🛍 The new anchor brands: It's not just about department stores / big retail names any more. Visitor patterns have changed since the pandemic - today, a successful mixed use destination has it's own 'brand', defined by the unique blend of services/ leisure/ wellness/hospitality/ retail that increases dwell time and pull people in from morning to night. 👗 Increase in international entrants to UK retail, particularly from the US - these brands are translated differently here in London, where there is less space than their US market equivalents; while not able to carry the same breadth of lines, the range of townhouse concepts and boutiques offer a more engaging shopping experience. 🥘 It's exciting to see a huge increase in big international hospitality names looking to open in London - particularly from the Middle East and Europe - furthering London's reputation as a world leading restaurant destination and bringing with them a greater focus on service and luxury design. Watch a snippet here ⬇ and to learn more, reach out to us for a chat. A huge thank you to CADA Design for bringing us on board. 🙏 #leasing #leasingadvisors #hospitalitytrends #retailtrends