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In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.
Duetto, a global leader in revenue management solutions, and SHR (an Access company), a leading provider of innovative and intelligent technology solutions for hotels and resorts, today announced a strategic partnership designed to revolutionize the casino resort industry.
In fact, concert-goers often flood the local hotel market, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand. Here’s a closer look at the tangible impact of live concerts on hotel occupancy and the hospitality industry, backed by compelling examples and statistics.
In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the marketÕs ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.
[New York, 13 August] – Mews , the industry-leading hospitality cloud , and Duetto, a leading provider of revenue management software for the hospitality industry, have now exceeded 600 joint hotel customers, driving revenue growth for hoteliers globally.
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Marriott International has appointed Carolina Voullieme as multi-property director, sales and marketing, overseeing both the Aruba Marriott Resort & Stellaris Casino and the Grand Cayman Marriott Resort. She then became the director of sales at both the San Juan Marriott Resort & Stellaris Casino and the Grand Cayman Marriott Resort.
room types, maximum occupancy, stay restrictions, etc.), Using data from various systems, including your PMS, revenue management system (RMS) , and customer relationship management (CRM) system, hotels can strategically leverage data to implement dynamic pricing strategies and personalized, segmented, and tailored campaigns via their CRS.
This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses. EBITDAR formula explained One way to calculate EBITDAR is first to determine earnings by subtracting all expenses from revenue and then adding back five cost categories.
I think revenue-generating positions are one of them. It’s based on generating a certain volume of business (and revenue) every week, every month. If you don’t generate that revenue, that month is lost. You can’t run 110% occupancy in a future month to make up for two months of being 5% off! Think about your budget.
For example, there are luxury hotels, boutique hotels, all-inclusive hotels, casino properties, spas, and lifestyle resorts. You may want to consider the following factors: Revenue and Forecasting report Sales, revenue, and forecasting reports are essential in this industry.
So, here are a few tips on how can hotels attract guests during Diwali and boost revenue. Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. They not just boost your occupancy during the festival but also enable you to earn extra by upselling.
Hospitality revenue management software provider Duetto has unveiled its 2025 hospitality trends report, revealing that increased costs, AI, personalization, evolving revenue metrics and data are the biggest challenges the industry will face this year, according to the global survey of hoteliers.
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