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These Were the Major Hotel Sales in Q2

Hospitality Net

While strong growth in many subcategories of Gross Domestic Product (GDP) including consumer and government spending, investment, exports, and employment has many optimistic, the economic outlook is tempered by global geopolitical risks including ongoing wars in Europe and the Middle East. economy continued to demonstrate resilience.

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LW Hospitality Advisors (LWHA) Q4 2023 Select Major U.S. Hotel Sales Survey

Hospitality Net

Furthermore, a roaring stock market continues to fuel American consumer expenditures resulting in strong demand for travel including lodging. Inflation has cooled, the economy continues to add jobs, interest rates appear to have peaked and are anticipated to gradually decline for the next two years.

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6 Game-Changing Sales Strategies for Hotel Pros in 2025

Hospitality Net

And 77% of consumers prefer to buy from brands they know and trust. If youre a hotel sales professional reading this, heres the reality: staying ahead means stepping out of your comfort zone. Lets back it up with numbers: 90% of decision-makers dont answer cold calls.

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The Rise of Media Networks in Travel: A Win&Win for Brands and Consumers

Hotel News Resource

ravel commerce media is a growing trend where companies monetize their websites by allowing advertisers to use their customer data for targeted advertising.

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The Value of the Understood Consumer - By Trey Williams, VP, Strategic Planning, MMGY

Hotel News Resource

Among marketing’s increasingly important modern challenges is the expectation of consumers for brands to deliver experiences that feel tailored specifically for them. In fact, today’s discerning consumers go a layer deeper, looking to understand and align the values of a brand to their own.

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Best hotel sales software to consider this year

Little Hotelier

What is hotel sales software? Hotel sales software is a specialised tool designed for the hospitality industry to manage and optimise sales activities. Manage your hotel sales with the best software in the market Use Little Hotelier’s revenue management features to manage your hotel sales and boost hotel bookings.

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The Star sells Sheraton Grand Mirage Resort to family consortium for $192 million

Hotel Management

“The sale of the Sheraton Grand Mirage Resort, which boasts a prime beachfront location, represents an uplift of more than 80% per key on the last high-end hotel to trade on the Gold Coast, the Hilton Surfers Paradise, which sold in 2019 for $355,000 per key,” she said.

Resorts 264