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MCR Hotels and Island Capital Group (Island) have closed on a $260-million refinancing loan for the 1,780-key Sheraton New York Times Square. JLL’s Hotels & Hospitality group arranged the financing. The 50-story hotel is one of New York City’s largest by key count and one of the prime event venues in the city.
Shaking up the mid-scale hotelmarket, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. Graduate Hotels, known for its youthful vibe and focus on local university connections, boasts 33 properties across the United States and United Kingdom.
Ryan and Anne give tips on how to modernize your B&B’s marketing strategy and optimize your property’s presence online. They share several examples of how to leverage websites, social media, and online reputation in order to gain marketshare and grow online revenue. I'm your host, Ryan Embree. Anne Sandoval: Yeah.
According to a Market Analysis Report by Grand View Research , the global wellness tourism market size was estimated at $814.6 Further, North America dominates this marketshare at nearly 40%. So, how can hoteliers tap into this colossal market? billion USD in 2022 and is expected to reach $923.6
Ryan Embree: Welcome to Suite Spot where hoteliers check-in and we check out what's trending in hotelmarketing. As we enter a new year, we're closing out 2021, but we're excited for the prospects of what 2022 has to offer. I'm your host, Ryan Embree. Hello everyone, and welcome to the Suite Spot.
This episode contains valuable information for hoteliers looking to make better operational and strategic decisions for their hotels as the end of the year approaches while closing out the year strong. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotelmarketing.
Similar to any other business, even hotel businesses have a group of Key Performance Indicators which help the decision makers to evaluate how their hotel’s performance. Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs.
Expanded market reach & revenue growth: Unique distribution strategies help businesses access new geographical territories, demographics, and partnerships. The resulting boost in marketshare directly translates to higher revenues. Here are some secrets to help you decode customer delight.
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 marketshare: with more hotels forecasted to open every year , gaining a fair marketshare will become more difficul t each year.
Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check out what’s trending in hotelmarketing. This is Travel Media Group Marketing Director and host of the Suite Spot, Ryan Embree. But then they also align very closely with our revenue strategy teams. I’m your host, Ryan Embree.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in and we check out what’s trending in hotelmarketing. We talked about this on this podcast about how to attract Gen Z and how to capture marketshare from Gen Z travelers. Before republishing quotes, we ask that you reference the audio.
Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check out what’s trending in hotelmarketing. Yesterday we officially closed on a new OCI Hospitality property, the Double Tree, Rocky Point Waterfront. So he took his money and he bought a hotel and he was truly an engineer.
Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check-out what’s trending in hotelmarketing. Ryan Embree: All right, well we’ll keep a close eye on Atrium Hospitality and what you guys have shaping up for the future, but certainly is exciting. I’m your host, Ryan Embree.
Ryan Embree: Welcome to the Suite Spot where hoteliers check in and we check out what’s trending in hotelmarketing. And obviously it started with the pandemic of a health and safety issue of trying to minimize close contact between your guests and your staff. And they were trying to maybe steal some of that marketshare.
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 marketshare: with more hotels forecasted to open every year , gaining a fair marketshare will become more difficul t each year.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotelmarketing. Whether if you’re a business traveler and you don’t wanna do a call with a bed in the background, or you just want the close the door between your kids and you, then those things are priceless.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in and we check out what’s trending in hotelmarketing. You’re gonna capture more marketshare. And you, you’ll see that in your marketshare. Pete Sams: I’ll close with this on that topic, Ryan. You just said it.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotelmarketing. But what’s interesting is that loyalty and that desire, or the willingness to pay more for great quality then has driven really great marketshare and RevPAR premiums. One is a breakfast refresh.
With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotelmarketing strategy can seem intimidating. Pick the right CMS for you.
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