Editorial Board   Guest Author

Mr. Gilbert

Robert Gilbert

President & CEO, Hospitality Sales & Marketing Association Int. (HSMAI)

For the last decade, Bob Gilbert has been guiding HSMAI through an exciting period of change. At the helm of what has become the definitive hospitality and travel marketing association in the world, he has made tremendous strides and enjoyed great successes as he's worked to establish HSMAI as the industry champion in identifying and communicating trends in the hospitality industry. During his tenure, HSMAI has launched a number of initiatives. In keeping with its overall objective to create relevance for its members and to be a vital information source for the industry at large, HSMAI has created Special Interest Groups (SIG) in five key industry segments: Travel Internet Marketing; Revenue Management; Resort Marketing; Hotel Director of Sales & Marketing and Sales and Marketing Faculty. Each SIG is strategically focused on the needs and concerns of its individual discipline and constituency, and reaches out to educate and inform its members through initiatives such as strategy conferences, webinars and publications. Furthermore, under Mr. Gilbert's guidance HSMAI has strengthened its chapters worldwide, with presence now in North America, Europe, the Caribbean and Asia/Pacific. Prior to joining HSMAI in 1995 (in an executive capacity), Mr. Gilbert was the vice president of marketing for Richfield Hospitality Services, Inc., at the time, the largest hotel management company in the world, where he oversaw the corporate marketing support for all Richfield hotels, which included product from every price tier in the industry. He holds a Bachelor of Science degree from the School of Hotel Administration at Cornell University in Ithaca, NY, and has been a member of HSMAI since joining the student chapter at Cornell. He is a frequent guest lecturer at the School and is on the adjunct faculty of the summer executive education program. Mr. Gilbert serves on the Board of Directors of the American Hotel & Lodging Association (AH&LA) and the Convention Industry Council (CIC), is on the HITEC Advisory Council, and is also on the Board of Trustees for the World Tourism Foundation as well as the Travel and Tourism Coalition of the Travel Industry Association of America.

Mr. Gilbert can be contacted at 703-506-3280 or bgilbert@hsmai.org

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.