Editorial Board   Guest Author

Mr. Gilbert

David Gilbert

President - Hospitality Group, Heartland Payment Systems

With more than 30 years of hospitality experience and a track record of leading successful growth while developing and maintaining brand identity and implementing strategic change, David Gilbert is responsible for the growth and development of Heartland's portfolio and services within several industries, including restaurants, lodging and affiliated markets. Prior to joining Heartland, the nation's 5th largest payment processor, Mr. Gilbert was the chief operating officer of the National Restaurant Association (NRA), the restaurant industry's largest and most respected trade organization. In this role from 2009-2012, Mr. Gilbert focused on guiding the organization in its ongoing efforts to provide and develop valuable products, services and benefits to help the industry and the Association's members. He was also responsible for all operations, sales, business/product development, strategic relationships and financial analysis of the association and its subsidiaries. Before the NRA, Mr. Gilbert spent several years as a restaurant and hospitality industry consultant, and held several executive positions with national chains, including chief administrative officer with Cracker Barrel Old Country Store, Inc., executive vice president and chief administrative officer with Shoney's Inc., and executive director of development with Applebee's International, Inc. His background also includes operations, product development and management experience in the quick service, casual dining and family dining segments. A resident of Nashville, TN, Mr. Gilbert holds a bachelor's degree in hotel and restaurant administration from Florida State University. He is also a member of the National Restaurant Association, the International Council of Shopping Centers and the West Virginia University Hospitality Board of Advisors.

Mr. Gilbert can be contacted at 88879831312281 or david.gilbert@e-hps.com

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.