Hotel Management

NOVEMBER 9, 2023

Axsia HTL attributes this to the return of international business and corporate travellers, the resumption of traditional high and low seasons and a consumer willingness to pay more for an accommodation experience. It’s an ecosystem,” he said.

Forecasting 264

Forecasting Consumer Management Branding 264

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotel Management

MAY 1, 2023

Ascott acquired the Oakwood portfolio last year Lyf is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives.

Retail 246

Retail Accommodation Branding Market Share 246

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Guest Centric

NOVEMBER 23, 2023

Guestcentric’s insights suggest a notable increase in interest and bookings for accommodations across the country. The post Guestcentric Forecasts Strong Christmas & New Year Demand for Portuguese Hotels appeared first on GuestCentric.

Forecasting 67

Forecasting Accommodation Hotels 67

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

STAAH

APRIL 16, 2024

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts.

Revenue Management 111

Revenue Management Revenue Management Forecasting 111

Hotel Management

JULY 26, 2023

Australia’s accommodation market has continued to expand with the opening of around 3,420 rooms through 2022 in the 10 major markets. 2023 now presents as the peak of the hotel accommodation supply cycle. This will result in a 10% increase on the December 2021 base inventory.

Construction 130

Construction Accommodation Forecasting Market 130

Hotel Management

NOVEMBER 19, 2024

Oaks Hotels has shared its forecast travel trends for 2025, based upon an analysis of guest data across its network of over 60 hotels in both bustling cities and scenic coastal destinations. Weekend getaways and short breaks are proving particularly popular with 2.6 days per trip.

Travel 130

Travel Resorts Forecasting Events 130

STAAH

JULY 8, 2024

Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. Here’s a comprehensive guide to help accommodation providers optimize their efforts and maintain steady occupancy rates during economic downturns.

Digital Marketing 52

Digital Marketing Accommodation Marketing Market 52

Demand Calendar

JUNE 28, 2023

The forecasted demand for overnight accommodation at the destination is the most important KPI for hotels to understand. Each demand strength has specific characteristics and potential actions to maximize the total revenue.

KPI 97

KPI Forecasting Revenue Revenue Management 97

Hotel Management

AUGUST 8, 2024

Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates. The regional workers’ accommodation fund is witnessing high demand and oversubscription.

Scale 130

Scale Hotels Forecasting Market 130

STAAH

JANUARY 6, 2025

Top 10 Online Channels 2024 – Philippines The Southeast Asian hospitality and travel industry is projected to maintain a steady growth rate, and this is expected to continue over the next five forecasted years. Vietnam has seen a dramatic increase in popularity as a tourist spot with a dominance of luxury accommodation.

OTA 111

OTA Global Distribution System B2B Accommodation 111

STAAH

DECEMBER 12, 2023

During peak holiday periods, consider adopting a revenue management system that factors in various parameters such as historical booking data, competitor pricing, local events, and even weather forecasts. Create attractive holiday-themed packages that include accommodation, festive meals, entertainment options, or exclusive amenities.

Target Marketing 105

Target Marketing Cancellation Revenue Forecasting 105

Hotel Business

NOVEMBER 17, 2022

The partnership marks the first-ever standalone glamping investment from a public REIT in the segment, which has a 14% forecasted revenue CAGR from 2022-2030, and represents a major step in the maturation of the alterative accommodation market to the institutional level, according to the companies.

Real Estate 94

Real Estate Forecasting Hotels Operations 94

SiteMinder

JULY 11, 2024

“Partnering with SiteMinder marks a significant milestone for Globales, especially as we prepare for what our forecasts indicate will be a strong period of travel,” says Federico Crudo, Director of Commercial and Marketing at Globales. “We

Revenue 105

Revenue Branding Forecasting Revenue Management 105

STAAH

SEPTEMBER 1, 2022

Clearly, as emerging trends and as technology has been widely used by accommodation providers, we all need to walk together, upgrade ourselves and get more tech-savvy. It’s a data-driven approach for pricing strategies, forecasting the demand and improvising your business performance.

Business 98

Business Management Accommodation Forecasting 98

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Hotels are generating better revenue.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

STAAH

APRIL 23, 2024

Interactive dashboards and visual representations make it easier for revenue managers to make data-driven decisions, identifying revenue trends, tracking performance metrics, and accurately forecasting future demand.

Revenue Management 111

Revenue Management Revenue Ancillary Revenue Management 111

Hotel Business

SEPTEMBER 12, 2024

As we look ahead, LE’s report offers a detailed forecast of the anticipated supply growth. This concentration in the upscale and upper-midscale segments suggests strong demand for these types of accommodations, driven by traveler, investor and lender preferences. hotel landscape.

Construction 111

Construction Pipeline Scale Hotels 111

Little Hotelier

JULY 11, 2023

Whether you’re a little hotelier, a host or accommodation provider, our FREE Money Matters Guide with expert tips and advice will help you get a better understanding of revenue management and why it plays such a pivotal role in the success of your small property.

Revenue 52

Revenue Forecasting Revenue Management Accommodation 52

Hotel Speak

SEPTEMBER 26, 2024

One week everything seems to be going fantastically, and the next week we’re forecasting next to nothing for the following month. This short lead time makes it difficult for hoteliers to forecast demand. Some travellers still see staying in self-contained accommodations as a safer option.

Marketing 104

Marketing Market Hotels Forecasting 104

eHotelier

FEBRUARY 15, 2024

With 101 newly designed city and direct ocean view guest rooms in its historic tower and 36 luxurious cabanas and suites, The National Hotel Miami Beach is impressing guests with stunning views, luxury accommodations, personalized experiences, and unparalleled service.

Operations 52

Operations Forecasting Management Accommodation 52

Hotel Business

NOVEMBER 15, 2023

IDeaS , a SAS company, has released Future Forecast: Six Hotel Technology Predictions for 2024. IDeaS predicts campsites, “glamp-sites,” cruise ships and other similar but different accommodations providers will begin to embrace the benefits of revenue management practices.

Revenue Management 64

Revenue Management Forecasting Revenue Hotels 64

SiteMinder

AUGUST 11, 2024

Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past. A richer data set will allow for a clearer picture of market conditions and improved forecasting.

Revenue Management 84

Revenue Management Revenue Management Forecasting 84

Inn Quest

AUGUST 8, 2023

By accurately forecasting demand patterns, hoteliers can allocate the right number of rooms to each price tier. During peak seasons like holidays, festivals or local events, the demand for accommodations tends to surge. Maximizing Revenue: Thereafter, an effective seasonal pricing strategy for hotels ensures revenue optimization.

Hotels 88

Hotels Occupancy Overbooking Revenue 88

STAAH

JUNE 4, 2024

It serves as a virtual storefront, enabling visitors to browse available accommodations, check prices, and complete bookings without third-party involvement. A hotel booking engine is a software application integrated into a hotel’s website, allowing guests to reserve rooms directly.

Revenue 111

Revenue Hotels Occupancy Management 111

eZee Absolute

DECEMBER 7, 2023

This myth has gained momentum because RM services are being adopted majorly by high-end accommodation providers. Myth #5: Budgeting and demand forecasting aren’t important in revenue management When it comes to hotel revenue management, budgeting and demand forecasting play a crucial role. Again, this is not true.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hotel Speak

NOVEMBER 17, 2023

By using third-party data to strengthen demand forecasting accuracy and dynamic pricing, hotels can ensure that they are maximizing their revenue during not only F1 weekend but the thousands of other impactful events happening on the strip throughout the year.

Revenue 93

Revenue Events Forecasting Hotels 93

SiteMinder

JULY 13, 2024

This then allows you to make informed decisions on what accommodation to promote to the right client, at the right time, with appropriate pricing through the most suitable distribution channel. Forecasting Forecasting involves predicting future demand for rooms. We’ll talk more about forecasting and analysis later.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Inn Quest

OCTOBER 17, 2023

Financial Costs: Compensating guests for alternative accommodations, transportation or other inconveniences can lead to financial losses for the hotel. Advanced forecasting tools and data analytics can help hotels make informed decisions about how many rooms to make available for booking on any given day.

Overbooking 88

Overbooking Cancellation Forecasting Occupancy 88

SiteMinder

APRIL 18, 2024

London, UK : The average lead time for accommodation bookings has increased 13% year-on-year to 83 days for the coming London Marathon weekend, shows data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

FEBRUARY 28, 2023

As forecasted , Phoenix’s hotel industry ranked second all-time among Super Bowl host markets in ADR and RevPAR during the weekend of the big game, according to STR. While the market’s rankings were as forecasted, the values that produced that status were different than projected.

Occupancy 52

Occupancy Forecasting Market Marketing 52

Boutique Hotel News

OCTOBER 17, 2022

” “Prior to the energy crisis, which is proving to be so devastating, the sector was forecast to grow by three per cent and there is still a real desire from our dynamic hospitality businesses to return to those levels of growth.

Accommodation 59

Accommodation Business Forecasting Shopping 59

SiteMinder

MAY 6, 2024

Pop star Madonna’s five sold-out Mexico City shows in April have given a significant boost to the capital’s accommodation industry. As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59

SiteMinder

OCTOBER 16, 2023

This means your tool is going to work to the advantage of your specific property, allowing you to accommodate local demand and competition within your specific market. Simplifies the forecasting process Forecasting can be an overwhelming and cumbersome process, even for the most experienced hotel operator.

Forecasting 59

Forecasting Revenue Management Revenue Hotels 59