Boutique Hotel News

DECEMBER 20, 2022

With inflation on the rise globally, consumers are likely to be more mindful when it comes to spending their money. This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Hotel e-tail. per cent on average above inflation per year.

Travel 124

Travel Hotels Branding Consumer 124

Little Hotelier

MARCH 10, 2024

The software supports various functions, including reservation management, rate setting, and sales forecasting, facilitating a more organised and strategic approach to selling rooms and services. Real time PMS updates on forecasts and recommendations only happen 5 times a day, however, which makes it less suitable for larger hotels.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Hotelogix

JUNE 10, 2024

Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. Forecasting : The software should offer accurate demand forecasting and trend analysis. Real-time Data : Ensure it provides real-time data analysis and updates.

Revenue 52

Revenue Occupancy ROI Revenue Management 52

gcommerce

SEPTEMBER 18, 2024

And all we knew about Inbound was that it was one of the largest marketing conferences in the world (even at that time), and that we wanted inspiration from outside our industry to ensure we stayed on the cutting edge of digital trends and consumer behavior. To be clear, Inbound is hosted by Hubspot , and it is primarily a B2B-focused event.

Digital Marketing 52

Digital Marketing Hotels Consumer Marketing 52

Hotel Designs

AUGUST 29, 2023

During each guest journey, the visitor will have touchpoints with a vast number of different technologies, and these systems are constantly evolving with new features and solutions emerging in the market, catering for the demands of existing consumers as well as for a younger generation of travellers coming through.

Hospitality 98

Hospitality Operations Travel Hotels 98

MediaBoom

JULY 12, 2023

It allows you to focus on specific demographics, consumer interests and behaviors, and browsing history so you can deliver highly personalized ads. Leverage Customer Testimonials The latest consumer survey revealed that 49% of people trust reviews as much as personal recommendations.

Real Estate 87

Real Estate Sales Business Events 87

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. It makes sense to keep your finger on the pulse and be attuned to consumer trends to deliver the best guest experience possible.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Catala Consulting

NOVEMBER 18, 2023

Hotels used historical data and simple forecasting methods to set room rates, often focusing on short-term gains. In an environment where consumer preferences are rapidly changing and competition is fierce, focusing on profitability ensures that hotels can sustain and grow in the long run.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Cloudbeds

JUNE 5, 2024

One study by Cornell University estimated that a 1-point increase in user review score (on an OTA’s 5-point scale) would allow a property to increase prices by 11.2% Vary pricing based on demand, whether it’s actual (bookings already made by guests for a given period) or based on forecasting. without harming its occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

MediaBoom

JUNE 13, 2023

AI Tools Trends and Forecasts 95% of companies have now integrated AI into their marketing strategy, 44% of which indicate they’ve gone all the way. Elai has an extensive range of pre-made templates to churn out professional videos at scale in just three clicks. It supports 23 languages, helping you reach a broader consumer base.

Marketing 84

Marketing Market Business Sales 84

Hotel Operations

MARCH 15, 2023

Forecasting demand is an example. “We’re AI for training and coaching is a great example of using technology to empower better human interaction at scale. Revenue management was the first major function to deploy advanced analytics at scale, with practices like dynamic pricing now an industry standard.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Hotelier Magazine

JULY 31, 2023

A bright spot for the economy and the hotel industry is the increased consumer confidence and sentiment which among other things has led to strong demand for guestrooms. In 2024, 236 projects/24,281 rooms, and in 2025, 319 projects/32,798 rooms are forecast to open in the extended-stay segment. construction pipeline.

Construction 52

Construction Pipeline Forecasting Hotels 52

Hotelier Magazine

OCTOBER 10, 2023

Secondly, we need to be working smarter, more strategically, really understanding your marketplace and understanding your consumer in detail. Our long-term forecast is that we’re at full recovery. Test it out on a small scale and see if you can create meaningful improvements. How do you upskill?

Hospitality 59

Hospitality Consumer Motels Revenue 59

Hotelier Magazine

MARCH 11, 2024

This represents the recovery of the tourism sector from the pandemic, one year earlier than forecast. Even in today’s economic climate, consumers globally are allocating a larger share of wallet to experiences over goods, including 48 per cent of Canadians who are prioritizing travel at the expense of other spending.​

Tourism 52

Tourism Business Marketing Market 52