Revenue Management

🏨 Adrian de Gortari joined Remington Hospitality as Senior Vice President of Revenue Management in October 2024, having 15+ years of experience, previously at a private equity firm and roles at Magna Hospitality Group and Marriott International. He taught e-commerce and revenue management strategies at New York University and holds a Bachelor of Science from Purdue University. Algorithmic tools have improved forecasting precision and occupancy optimization, hence enhancing profitability. Despite the growth of automation, teams interpret data and make strategic decisions. Real-time insights from machine learning enable quick adaptation to market shifts, detecting early demand changes. Simplification via technology automates real-time pricing and targets customer segments effectively. Future trends suggest integration of revenue management with digital marketing and sales, leveraging online sales lead optimization tools for targeted strategies. De Gortari emphasizes operational resilience, cross-departmental collaboration, continuous learning, and a humble approach to leadership.

🍴 Starting Wednesday 7th May, Little Bat bar—sister bar of Callooh Callay—introduces a new restaurant menu by chef consultant James Cochran and a refreshed drink list. Celebrating global flavors, the menu features British produce, with items like warm toasted sourdough with whipped butters, buttermilk fried chicken with jerk spiced hot honey glaze, and jerk spiced Mangalitza pork. Cocktails include innovative options like Tokyo Drift and Loosen Mai Tai, in addition to wines, beers, and non-alcoholic drinks. Bookings now open for the launch.

🍴 Sygnature Dish, a new steak and seafood restaurant, will open at Forge Island in late spring, in time for summer holidays. It will serve lunches, dinners, cocktails, and beers alongside a menu featuring T-bone, sirloin, rib-eye steaks, beef ribs, burgers, salmon, prawns, and a fish of the day, as well as chicken, pasta, vegetarian, vegan, and gluten-free options. Diners can also create their own platters. Owned by siblings Dalu and Sibbs Sikhosana with over 30 years of combined experience, the restaurant joins Arc Cinema and Travelodge. The Sikhosanas aspire to establish more Sygnature Dish locations nationwide. Vetro Lounge, also at Forge Island, will open on April 30.

📈 Over 15 years ago, hotel revenue management was challenging for small hotel owners due to scarce, expensive solutions designed for larger hotels. Options were limited to hiring full-time revenue managers or outsourcing. Today, fewer than 30% of hotels globally use dedicated revenue management solutions, often relying on intuition and manual processes. Advanced AI-driven solutions now provide real-time data analysis, actionable recommendations, and allow hotel teams to focus on marketing, optimizing distribution, and creating promotions to differentiate their offerings and attract guests.

🍴 NIJŪ, a Japanese restaurant in Mayfair, London, celebrates its first anniversary on April 26 with a special menu by Executive Chef Chris Golding and Culinary Director Endo Kazutoshi. Known for seasonality and craftsmanship, NIJŪ offers modern Japanese cuisine, Katei Ryōri style dishes, and premier Wagyu and Kobe beef cooked on a Konro grill. A six-course menu, including sushi, sashimi, and matcha white chocolate fondant, is priced at £110 per head, plus £70 for wine pairings.

📖 Bret Thorn, Senior Food & Beverage Editor for Nation’s Restaurant News and Restaurant Hospitality, joined in 1999. Host of "In the Kitchen with Bret Thorn" podcast. Wrote "Kitchen Dish" column for The New York Sun (2005-2008). Lived in Thailand (circa 1994-1999), writing for Manager magazine and Asia Times. Graduated magna cum laude from Tufts University (1990), Phi Beta Kappa member, studied traditional French cooking at Le Cordon Bleu in Paris. Worked for ABC News during Tiananmen Square protests (1989). Won 2006 Jesse H. Neal Award, inducted into Disciples d’Escoffier (2014), author in the Oxford Encyclopedia (2012) and Oxford Companion to Sugar and Sweets (2015). Lives in Brooklyn, NY.

💸 Independent hotels and boutique properties often miss revenue opportunities, such as underpricing rooms by $20 during events or failing to upsell. These oversights can lead to thousands or tens of thousands of dollars in annual losses. RevOptimum specializes in revenue performance optimization, helping hotels reclaim lost income through strategies like daily pricing optimization, OTA strategy management, and intelligent forecasting. They work with PMS systems like Cloudbeds and Mews to maximize hotel performance.

🍴 L’Abeille, a fine-dining French restaurant in NYC's Tribeca, opened in March 2022 by Rahul Saito and his husband, offering $245 10-course or $185 6-course tasting menus. Additionally, L’Abeille à Côté serves Japanese-influenced French cuisine with items like $28 oysters, $18 edamame hummus, and $36 Bear in a Blanket beef curry. Kuma Hospitality, Saito's company, will close Sushi Ichimura in summer 2023, a restaurant highlighting Chef Eiji Ichimura's skills, opened in June 2023.

🍳 Somebody People, a Denver restaurant, emphasizes sustainability with a no single-use plastics policy and menus showcasing farm sources. Executive chef Justin Freeman crafts new menus weekly from surplus ingredients to minimize waste. The Sunday supper initiative features inventive dishes like pizza from leftover pasta sauce and ice cream from used coffee grounds, aiming to eventually achieve zero food waste. Onion soup made from normally discarded onion skins is a highlight in waste reduction.

🍴 Hibachi restaurants offer a grilled dining experience in front of customers. Originally a "fire bowl" in Japan, hibachi now refers to a grilling method and Japanese condiments. In the U.S., 1% of menus feature hibachi, 80% of the population is familiar with it, and 60% have tried it. Expansion includes home grills and meal kits for an authentic Japanese taste. A Reno, Nev., restaurant uses hibachi cooking on its menu.