August 14, 2014
Did you know that in the next five to ten years millennials will be the core consumers in the hospitality and travel industries?
Understanding how to market to this sector is critical as they enter into their peak earning, spending and travel years. We compiled a few different insights that hotels can begin implementing now, as millennials start becoming the dominate consumer.
First it is important to know the demographics of this target audience. Hospitality Times has put together a detailed infographic showcasing the statistics of this group.
Now that we know a little about them, below are some examples of how we can use our knowledge of this group to attract them:
Millennials are looking for a unique experience and are usually willing to pay more for that better experience. As they soon become the leading group of business travelers, it is important to know what factors can influence their decisions on where they choose to stay. For example, “foodies” (who are a prevalent subset of this market) are looking for a gourmet experience and are willing to spend 42% more company money on higher end meals, compared to only 26% of non-millennials. This means hotels will need to revamp their lobby bars, restaurants and food service to meet the expectations of this sector.
Millennial travelers are also highly tech savvy and expect to have access to the web at all times. This means hotels are going to have to invest in improving wi-fi and bandwidth to ensure its guests can be constantly connected. Make sure that logging on to wi-fi is easy by removing obstacles like faulty passwords or low connectivity, but do not compromise security in the process.
A final insight to this group is that sustainability is an important component in the lives of these socially responsible travelers. Creating and maintaining hotel policies around recycling, composting, reusing linens and towels can enhance a hotel’s reputation and give it a distinctive edge among these environment-friendly jet-setters.
For more insight about how to market to millennials contact us.
May 21, 2014
DENVER, Colo. – - Richfield Hospitality, a leading hotel management company, today announced that Will Loughran, the company’s senior vice president of sales and revenue strategy, has been named president.
“Will has been a consistent source of innovation and leadership during his tenure with Richfield,” said Sherman Kwek, CEO of City e-Solutions Limited, Richfield’s parent company. ”Over the course of his career, he has proven himself in the various disciplines that he has undertaken and his background comprises a strong blend of operational and sales experience, not to mention his exceptional teamwork abilities. I am confident that his passion for the hospitality business will enable him to deliver outstanding results for both Richfield and the owners of the properties we manage.” (more…)
April 28, 2014
DENVER, Colo. —Richfield Hospitality, a leading hotel management company, today announced that Peter Nichols has joined the company as senior vice president of business development. Nichols will head all business development efforts for the company, including third-party management and investment opportunities.
“Pete has a tremendous history in this industry and brings a strategic discipline to our development processes and team.” said Will Loughran Richfield Hospitality senior vice president, sales and revenue strategy. ”His leadership and experience will be a great asset to the company and our aggressive growth strategies.” (more…)
April 24, 2014
DENVER, Colo. —Richfield Hospitality, a leading hotel management company, today announced that Alan Baer has been named chief financial officer, responsible for directing the day-to-day operational finance activities of the company’s hotel portfolio. Baer joins Richfield from HRI Lodging where he served as senior vice president finance and chief financial officer for MetWest Terra Hospitality.
“Alan has a successful track record of financial leadership, and we look forward to him joining us in this critical role,” said Will Loughran, senior vice president sales and revenue strategy. “With significant experience, Alan will play an instrumental role in leading Richfield as it transforms the financial disciplines to provide owners and other stakeholders with the superior operating results they’ve come to expect.” (more…)
April 17, 2014
DENVER, Colo. —Richfield Hospitality, a leading hotel management company, today announced that Jeanne Lynch has joined the company as vice president of human resources. She will guide all Richfield portfolio hotels to attract, motivate and train high-performance employees.
“Having worked in a variety of industries in numerous countries, Jeanne brings great perspective on the human resources challenges and opportunities facing the hospitality industry,” said Will Loughran, Richfield Hospitality senior vice president of sales and revenue strategy. “I am confident that with her guidance, our team will develop top notch recruitment strategies, innovative professional development, and associate retention strategies that will propel Richfield as a leader in talent engagement. We are thrilled to have her onboard.” (more…)
November 22, 2013
Committed to positioning the eclectic resort as Santa Fe’s finest leisure destination
SANTA FE, N.M./DENVER, Colo., November 22, 2013—Richfield Hospitality, a leading hotel management company, today announced that it has been retained by a venture sponsored by 1754 Properties LLC to operate La Posada de Santa Fe Resort and Spa in Santa Fe, N.M. Led by new ownership and operator, the hotel will undergo repositioning activities to establish the property as the premiere leisure destination in the heart of downtown Santa Fe in the Plaza district and the closest full service hotel to Canyon Road. (more…)
October 18, 2013
The International Hotel, Kahler Grand Hotel, Kahler Inn & Suites, Marriott Rochester Mayo Clinic Area and Residence Inn by Marriott Rochester Mayo Clicnic Area Under New Management
ROCHESTER, Minn./DENVER, Colo., October 18, 2013—Richfield Hospitality, a leading hotel management company, today announced that it has been retained by Kahler Hotel Group to operate five hotels in Rochester, Minn. Kahler Hotel Group whose board of directors is chaired by Javon R. Bea, who is also president and CEO of Mercy Health System, a vertically integrated health system with 69 medical facilities in southern Wisconsin and northern Illinois. All the hotels, totaling nearly 1,300 rooms, are located in the downtown district and are the closest to the renowned Mayo Clinic. (more…)
October 1, 2013
Bloomington Hotel Completes Multi-Million Dollar Renovation
BLOOMINGTON, Minn./DENVER, Colo., October 1, 2013—Officials of Richfield Hospitality, a leading hotel management company, announced the appointment of Robert Pottberg as the new general manager of the newly renovated Doubletree by Hilton Bloomington Minneapolis South hotel.
Pottberg most recently served as general manager of the Crowne Plaza Syracuse hotel in Syracuse, NY. He has over 20+ years of industry experience and has held numerous senior leadership positions with Hilton, IHG, Starwood and Omni hotel organizations. (more…)
September 5, 2013
Richfield Hospitality Ranks No. 1599 on the 2013 Inc. 500|5000 with Three-Year Sales Growth of 248%
NEW YORK, September 05, 2013 — Inc. magazine today ranked Richfield Hospitality NO. 1599 on its seventh annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Fuhu tops this year’s list. Richfield Hospitality joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year’s list.
“We are thrilled to be among some of the fastest-growing companies,” said Greg Mount, president of Richfield Hospitality. “Richfield is poised for growth within the hospitality industry and we are excited to continue our momentum by delivering superior ROI to hotel owners through our proven operating platform.” (more…)
April 23, 2013
Read more below about Richfield’s managed Pittsburgh property converting to the second Sheraton in the Pittsburgh metropolitan area.
Sheraton Pittsburgh Airport Hotel Boasts a convenient Location near the Airport, Business District, Shops and Restaurants
STAMFORD, Conn.–(BUSINESS WIRE)–Apr. 18, 2013– Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening of Sheraton Pittsburgh Airport Hotel just outside Pittsburgh International Airport (PIT). Owned by an affiliate of Platinum Equity, the hotel completed a comprehensive multi-million dollar renovation prior to re-opening in order to meet Sheraton brand standards. The opening is part of the Sheraton brand’s strategic $8 billion expansion effort. (more…)