“The acquisition of large-volume hotel units has now been included in our immediate priorities,” said IOGR Group Founder & Chairman Ioannis Grylos. “Our goal is to strengthen synergies that contribute to even greater added value for the overall tourism product.” IOGR Group and HotelBrain teamed up three years ago aiming to provide full tourism packages that include travel, accommodation and other services. Voula-based HotelBrain boasts more than 100 hotels in its portfolio and hopes to achieve 100 million euros in turnover this year.
Breezing Through Hotel Budgets: A Commercial Take on Asset Management Hotel - Asset Managers and Owners Have a Better Way Forward
Hotel asset management is evolving at a fast pace, and it requires a new commercial approach, not to mention a different skill set. Traditionally, asset managers have hailed from a finance or general manager background, and their primary focus when evaluating hotel performance has been profitability. Of course, profitability is crucial, but it is as equally important to assess how revenues can be optimized from the top down, taking into consideration the hotel's commercial plan.
