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One of the main challenges that the hospitality industry faces in any market environment is how to properly allocate money for property improvement plans (PIP), which are the investment plans that hotel owners and management companies oversee in order to remain a part of their corporate brand(s). Hotel owners and managers want to ensure they get the highest average daily rate (ADR) possible, and one of the ways to do that is to invest in updating their properties and rooms with the latest technologies and amenities.
Managing supply chain risk requires much more than addressing logistical issues. The most effective supply chain risk management capabilities align and integrate with related marketing and finance processes and considerations.
It might be tough to see how corporate trade, travel, and charitable donations are connected, but Active International’s strength is its unique ability to recover or create value through corporate trading. In this case, there was an opportunity to create a donations program using our clients’ everyday budgeted group meetings and Active’s existing travel investments and inventories in our portfolio of hotels and resorts.