Strategies in Hospitality and Tourism Procurement

Vincent9913 Jan, 2025News

The procurement department has gained increased importance, especially in adapting to the evolving global marketplace and the hospitality industry's new normal. The travel and hotel sectors must transform to address shifting customer behaviors and enable reconnection. Real-time financial data, quick decision-making, and finding optimal suppliers with favorable contracts are now vital for competitiveness and profitability. Hospitality procurement emphasizes balancing unique branding with local and chain purchasing to meet diverse needs.