Hotel Management

NOVEMBER 19, 2024

Properties equipped with aquatic attractions like water slides and play areas consistently outperform their counterparts in revenue metrics such as Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR). higher than regional averages. The post Water Parks Boost APAC Hotels appeared first on Hotel Management.

Average Daily Rate 130

Average Daily Rate Revenue Hotels Resorts 130

Hotel Management

AUGUST 15, 2024

AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market. With the government aiming to attract 60 million inbound tourists by 2030, domestic and international hotel brands are recognizing the immense potential of the Japanese market.

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

Hotel Management

JULY 4, 2023

The long-term outlook for Australia’s visitor economy remains bright, despite the impact of interest rate rises and lower household savings rates in the near term, but a full recovery may take until 2025, according to Tourism Research Australia’s 2022 State of the Industry report.

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Hotel Management

JULY 3, 2024

A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

Hotel Management

APRIL 22, 2024

The AFL Gather Round returned to Adelaide for a second year, from April 4-7, and while year over year occupancy dripped slightly by 1.2%, average daily rate (ADR) jumped 15% to AU$372.77. The increased room rate translated to a 145% lift to the long-term Thursday-Sunday April average.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

Hotel Management

OCTOBER 17, 2024

Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”.

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Hotel Management

AUGUST 8, 2024

First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Hotel Management

SEPTEMBER 9, 2024

The event, a precursor to the full two-day conference in 2025, drew an impressive gathering of close to 200 key players, including Japanese and international hotel groups, investors, developers, owners, and asset managers. The country’s travel recovery has been remarkable, with inbound tourism experiencing a significant upswing.

Events 130

Events Average Daily Rate Tourism Market 130

Hotel Business

FEBRUARY 22, 2023

OTAs, wholesalers and destination management companies reasserted their dominance across SiteMinder’s Top 12 booking channel lists in most markets as international travel returned, with Booking.com remaining the most popular. Overall, travelers booked with more commitment to travel than the year prior.

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Little Hotelier

OCTOBER 17, 2024

Hotel accounting is a system designed to track and manage a hotel’s finances – income, expenses and financial performance – to ensure profitability, compliance and operational efficiency. Little Hotelier helps you manage finances seamlessly. What is hotel accounting? mortgage or loan interest statements.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Occupancy 93

SiteMinder

SEPTEMBER 4, 2024

SiteMinder’s data also reveals that, during the festival from 21 September to 6 October 2024, room rates for hotels and other accommodation properties in Munich have reached an average of €416 – 59% higher than the city’s average daily rate of €261 this autumn and, notably, 138% above the city’s average of €175 for the year-to-date.

Average Daily Rate 59

Average Daily Rate Accommodation Revenue Hotels 59

SiteMinder

MAY 8, 2024

Bangkok, Thailand – It was a lucrative Songkran festival for Thai hotels as the average cost of a hotel room surged by 33% during the festival period in April. Between April 11-18, the average daily rate in Thailand increased to THB 5,421 (US$148), from THB 4,087 (US$120) in the corresponding period last year.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Operations 59

Operations Management OTA Hotels 59

Amadeus Hospitality

DECEMBER 5, 2023

We now have clarity of market conditions and how we can grow our position in the travel ecosystem,” says Martina Gelardi, Strategic and Sustainable Tourism Planning, EMPROTUR Bariloche. Although winter is its strongest tourism season, Bariloche was interested in developing a sustainable strategic plan to grow demand throughout the year.

Tourism 52

Tourism Business Average Daily Rate Travel 52

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Operations 52

Operations Management OTA Hotels 52

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Market Marketing 98

Cloudbeds

JANUARY 17, 2024

Capitalize on experiential tourism The shift in traveler preferences from destination-focused to experience-focused tourism represents a significant marketing opportunity for lodging businesses. Hotel management must closely observe rates to maximize the number of direct bookings through these channels.

Hotel Marketing 98

Hotel Marketing Marketing Market Hotels 98

Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,

Forecasting 75

Forecasting Occupancy Revenue Management Revenue 75

SiteMinder

FEBRUARY 13, 2023

OTAs, wholesalers and destination management companies reasserted their dominance across SiteMinder’s Top 12 booking channel lists in most markets as international travel returned, with Booking.com remaining the most popular. Overall, travellers booked with more commitment to travel than the year prior.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

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

Cloudbeds

APRIL 30, 2024

It’s the bedrock of hotel revenue management , and for good reason. The glaring issue with older revenue management strategies like these is that by selling at flat rates for the majority of the time, you are ignoring market conditions, competitor rates, market data, and variable demand. But it’s not solely about revenue.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

SiteMinder

DECEMBER 4, 2023

Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. Hotels and tourism typically make up 10% of worldwide GDP. An annual revenue growth rate of 4.2% Hotel occupancy will increase 2.5% globally next year. in the next 12 months.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Experience Hotel

MAY 30, 2024

Collaborer avec les offices de tourisme et autres points d’intérêt touristiques locaux tels que les musées et théâtres pour attirer des groupes loisirs lors de période de taux d’occupation faible et optimiser ainsi son taux de remplissage. Sa stratégie ? Il met en évidence la valeur moyenne que chaque client apporte à l’hôtel.

KPI 52

KPI Yield Management Occupancy OTA 52

SiteMinder

JUNE 6, 2024

The report analyses hotel reservations made for stays between June and August this year, in 10 of the largest tourism markets within the Northern Hemisphere, including Austria, Canada, France, Germany, Italy, Mexico, Portugal, Spain, the UK and US. The average daily rate (ADR) has increased in 9-out-of-10 countries.

Average Daily Rate 59

Average Daily Rate Revenue Accommodation Hotels 59