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 Marketing 113

Hotel Speak

APRIL 2, 2025

Why Wellness is a Game-Changer for Hotels Wellness tourism is no longer a niche marketits a thriving industry projected to reach $1.3 trillion by 2025, growing at a rate of 9.9% annually, according to the Global Wellness Institute (Global Wellness Institute, 2023).

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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 Hotels 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 country’s travel recovery has been remarkable, with inbound tourism experiencing a significant upswing. The market’s potential is undeniable, with a surge in Average Daily Rates (ADR) reflecting its attractiveness to hotel owners and operators.

Events 130

Events Average Daily Rate Tourism Marketing 130

Hotel Speak

FEBRUARY 11, 2025

With travel and tourism in Asia Pacific (APAC) projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2025 to 2029 – reaching an estimated market volume of US$358.70 With that in mind, it’s an opportune time for hotel operators to reassess their revenue strategies to capitalise on the influx of travellers.

Hospitality 66

Hospitality Average Daily Rate Revenue Services 66

Hotel Management

OCTOBER 3, 2023

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands. This has, in turn, created enormous opportunity for hotel conversion.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Business

FEBRUARY 22, 2023

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to $177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by Dec. Overall, travelers booked with more commitment to travel than the year prior.

Travel 102

Travel Average Length of Stay Average Daily Rate Cancellation 102

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. It breaks down cash flows into operations, investments and financing activities, which can help to assess liquidity and financial health.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

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

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

Operations 59

Operations Management OTA Hotels 59

Hotelier Magazine

FEBRUARY 7, 2025

According to the latest forecast by CoStar Group and Tourism Economics, U.S. per-cent growth in the Average Daily Rate, with an occupancy level of 63.1 Despite the challenges, the forecast for 2025 suggests a slight increase in general operating profit per available room. HENDERSONVILLE, Tenn. per cent in 2025.

Forecasting 52

Forecasting Average Daily Rate Hotels Tourism 52

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

Operations 52

Operations Management OTA Hotels 52

Cloudbeds

MARCH 23, 2023

To convince travelers to book their property, lodging operators must provide a clear, compelling picture of what to expect and the confidence they’re making the right choice. And the great thing is that these sites operate 24/7, so you can receive reservations while you sleep! But success in eCommerce is about more than visibility.

OTA 98

OTA Digital Marketing Marketing Market 98

Cloudbeds

JANUARY 17, 2024

In 2023, the hospitality industry reached record-high ADRs as travelers from around the world got back out to explore, and lodging operators worked hard to keep up with demand (despite lingering staffing shortages). Capturing travelers’ attention will become even more important in 2024. What hoteliers and hosts can do to prepare.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

SiteMinder

FEBRUARY 13, 2023

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31. 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

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. billion, up from $3.09

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline 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. By understanding demand patterns and market dynamics, hotels can implement dynamic pricing strategies, adjusting rates based on anticipated demand.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Cloudbeds

DECEMBER 2, 2024

A paper published in Tourism Management highlighted just how much valuable insight lies within hotel data. Points above the line indicate days when the hotel’s occupancy outperforms the compset average, while points below the line indicate underperformance. The study analyzed booking data of U.S.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

SiteMinder

MARCH 13, 2025

PKF Hospitality Group : An international firm with broad experience covering the hotel, tourism, and leisure sectors. SiteMinders user-friendly nature is invaluable in optimizing my productivity and overall work experience, making it an indispensable asset to my daily operations.

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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 Hotels Average Daily Rate 52

Little Hotelier

FEBRUARY 25, 2024

Streamline operations and boost revenue Improve your day-to-day processes and implement better revenue management with the leading all-in-one software for small properties. In fact, small hotels often have more to gain than large hotels, as their direct competitors often won’t be searching for hotel revenue management.

Revenue Management 52

Revenue Management Revenue Services Management 52

Cloudbeds

APRIL 30, 2024

That’s why, traditionally, hoteliers have set different weekday and weekend rates and made seasonal rate changes in advance based on historical demand patterns. A pricing optimization tool operates by analyzing the data inputs it receives. Traveler trends can significantly influence demand.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52