Hotel Management

NOVEMBER 9, 2023

Simpson said some there are now more flexible franchising options available, such as employing an experienced operating team or hotel asset management company to manage the property, and manchise agreements, where a brand management contract can be converted to a franchise agreement once stabilisation has been reached.

Forecasting 264

Forecasting Consumer Management Branding 264

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

Hotel Business

JANUARY 6, 2025

As a result, real estate operators must meet these standards to mitigate financial risks associated with non-compliance, further motivating them to enhance performance. This alignment of incentives fosters cooperation between utility providers and business consumers to identify energy reduction opportunities. According to the U.S.

Occupancy 52

Occupancy Hotels Forecasting Operations 52

Hotel Speak

MARCH 8, 2024

Yet it’s not just rising food costs causing challenges to hotel operators. Data from CoStar showed that the total operating expenses per available room in the U.S. Amid market challenges like high consumer goods and labor costs, hotel operators must stay nimble and implement strategies to safeguard their profitability.

Operations 103

Operations Hotels Consumer Events 103

Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% Despite solid wage growth, declining airfares and improving consumer sentiment, RevPAR growth declined for the third straight month in Feb. While consumers have the means to travel, dwindling COVID savings and below-average savings rates could be a headwind going forward.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

Operations 88

Operations Revenue Management Revenue Forecasting 88

Hotel Business

NOVEMBER 16, 2023

RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% hotel performance to weaken when economic growth is resilient and consumers are spending at record levels,” said Michael Nhu, senior economist and head of global hotels forecasting, CBRE. The company forecasts 3.0% ADR increase.

Forecasting 110

Forecasting Occupancy Scale Consumer 110

Boutique Hotel News

APRIL 4, 2023

UK hotel occupancy rates were up from 56.1 Occupancy levels are yet to reach pre-pandemic volumes of 69.6 Gross operating profits of UK hotels were up nearly seven per cent (24.4 That means that consumer spending will also probably drop after the one per cent q/q fall in Q3 2022.” to £196.26 in London. to £125.31

Average Daily Rate 97

Average Daily Rate Consumer Occupancy Hotels 97

Hotel Business

DECEMBER 20, 2022

While COVID-19 shined a light on indoor air quality (IAQ)— 91% of consumers believe that IAQ is important in the prevention of COVID-19—it’s also increased the conversation on why IAQ should have always been a priority before the pandemic. Operating efficiency. IAQ technologies and how hotels can implement them. Staff productivity.

Hotels 116

Hotels Occupancy Consumer Operations 116

Hotel Business

APRIL 11, 2023

A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls during an economic downturn, according to CBRE. Direct access to a base of loyal customers is a benefit to owning and operating a branded hotel.

Occupancy 115

Occupancy Branding Revenue Resorts 115

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Occupancy or ADR? So what is it, Occupancy or Average Room Rate (ARR)? In a formula it is expressed as follows: Occupancy x ADR = RevPAR In the end, it is not about occupancy or ADR, average daily rate, but about how much money is made by the hotel.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Business

JANUARY 25, 2024

International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. As borders reopen, a surge in urban hotel performance is expected, benefiting both performance and liquidity.

Consumer 126

Consumer Real Estate Tourism Hotels 126

Little Hotelier

JULY 18, 2024

Hotel tax, also known as occupancy tax, lodging tax or bed tax, is a tax that US authorities impose on the rental of hotel rooms and other forms of short-term accommodation. Is hotel occupancy tax state or local? The business acts as the intermediary, collecting the tax from the consumer and passing it on to the government.

Occupancy 52

Occupancy Accommodation OTA Hotels 52

Hotel Management

DECEMBER 18, 2023

Camil Yazbeck, Accor Global Chief Development Officer – Premium, Midscale and Economy Division Globally, we are witnessing a consumer trend toward ‘premiumisation’ in all sectors – cars, airlines, dining, retail shopping, and so forth. Ibis remains a strong economy brand for Accor Accor is investing heavily in the extended stay segment.

Branding 200

Branding Consumer Events Services 200

Hotel Speak

MAY 30, 2024

Operating with increasingly tight margins, many hotels can no longer support loss-making business units, yet F&B remains a pivotal service for the industry. This highlights the need to ensure more intelligent cost controls across the business which improve profitability and drive operational efficiency.

Consumer 105

Consumer Forecasting Revenue ROI 105

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

STAAH

APRIL 23, 2024

Hoteliers are increasingly turning to sophisticated software solutions to streamline their operations and gain a competitive edge. Hotels can increase revenue per guest by adjusting prices according to demand, seasonality, and consumer preferences , achieved through upselling and cross-selling additional services and products.

Revenue Management 110

Revenue Management Revenue Ancillary Revenue Management 110

Hotel Business

NOVEMBER 9, 2023

The honor was determined through votes cast by travel professionals, media leaders and consumers worldwide. Twenty-five years ago, we pioneered technology that accurately predicts occupancy and aligns it with staffing levels—an early form of machine learning.

Travel 105

Travel Occupancy Consumer Accommodation 105

Hotel Business

MAY 16, 2023

If your guests can’t leverage mobile check-in features and your staff can’t manage reservations, billings, vacancies or reports from a smartphone or tablet, you’re severely restricting the convenience of the guest experience as well as your hotel’s operational efficiency.

Revenue 96

Revenue Revenue Management Occupancy Operations 96

Hotel Speak

JANUARY 25, 2024

The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. Average occupancy in 2023 was 49.1%, a 3% increase YOY and 19% higher than 2019 levels. For the U.S.

Average Daily Rate 103

Average Daily Rate Revenue Travel Upsell 103

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

Hotelogix

JANUARY 21, 2025

From managing electricity consumption to addressing food wastage, the aim is to operate in a way that’s kind to the planet and beneficial to your business. Why Hotel Sustainability Matters Environmental Responsibility Hotels consume significant amounts of energy and water daily, contributing to global resource depletion.

Hospitality 40

Hospitality Consumer Hotels Operations 40

Xotels

MARCH 3, 2025

From making sure staff, guests, and smooth operations are all attended to, we can understand why revenue management so frequently gets put on the back burners. Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. Cheers, Patrick Landman PS.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Amadeus Hospitality

DECEMBER 3, 2024

The report highlights that hoteliers view increasing occupancy and improving operational efficiencies as key priorities, with 85% of hoteliers anticipating that personalization could help deliver over 5% in incremental revenue. decision-makers planning to invest in technology within the year.

Ancillary Revenue 52

Ancillary Revenue Upsell Revenue Shopping 52

Inn Quest

APRIL 5, 2023

Yield management, also known as revenue management, is a strategy hotels use to optimize their revenue by adjusting prices and inventory according to consumer demand. It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods.

Yield Management 88

Yield Management Management Occupancy Revenue 88

STAAH

MAY 14, 2024

As the hospitality industry continues to evolve in response to shifting consumer preferences and technological advancements, hotels are redefining their approach to revenue generation. Let’s explore 7 trending new revenue streams that can boost your hotel’s profitability.

Revenue 110

Revenue Dining Hotels Consumer 110

Cloudbeds

JANUARY 22, 2025

EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring/Rent) is a profit metric that excludes costs not directly related to operational performance. EBITDAR is calculated using details from the income statement, which presents a company’s revenues and operating expenses over a specific period.

Revenue 40

Revenue Hotels Operations Average Daily Rate 40

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

StayNTouch

MAY 5, 2022

Leveraging Mobile Technology to Combat 5 Common Hotel Operational Hiccups Efficient operations are the backbone of any well-run hotel and the foundation of an exceptional guest experience. Because of this, it’s important for hoteliers to avoid legacy systems with complicated and clunky user interfaces.

Operations 52

Operations Hiring Hotels Services 52

Hotel Speak

JUNE 20, 2024

The DMA is all about fostering fair competition and giving consumers more choices within digital markets. While Booking.com has long argued that rate parity benefits consumers by ensuring consistent pricing and easy access to options, the platform is now aligning with the new regulatory framework.

Hospitality 99

Hospitality Revenue Digital Marketing Consumer 99

Hotel Business

SEPTEMBER 12, 2024

As always, we are proud and delighted to have the team from Hospitality America as our operating partner.” “Our goal is to partner with great companies and working with Marriott to bring this hotel to The Holy City is a thrill for us.

Management 101

Management Hospitality Hotels Branding 101

Hotel Speak

SEPTEMBER 26, 2024

Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push.

Market 104

Market Marketing Hotels Forecasting 104

Hotelier Magazine

SEPTEMBER 20, 2024

Most food is wasted by the consumer. We also look at occupancy and food sales projections to ensure we order enough product for our occupancy levels. As we are a 24-hour operation, accurate forecasting of business levels remain a key factor in managing the business,” says Grotsch. Most items are individually portioned.”

Services 90

Services Dining Forecasting Occupancy 90

Hotelogix

JANUARY 10, 2025

Even though there are loads of reservation tools out there, many small hotel operators are going with something they already know how to use: Google Calendar. Operational delays: Manual data entry and updates consume valuable time that could be better spent on guest services. The answer you are searching for is, Yes.

Consumer 40

Consumer Management Services Occupancy 40

Catala Consulting

JULY 13, 2022

But many hoteliers (both small and large) struggle with high operating costs. It is even more challenging for new hotel owners, as they do not yet know how to balance having a minimal operating cost and maximizing profit. The article contains a comprehensive breakdown of hotel operating expenses and how to cut them down.

Operations 52

Operations Hotels Revenue Revenue Management 52

Hotel Business

SEPTEMBER 3, 2024

Disrupted flights meant major headaches for hoteliers, impacting their occupancy rates and revenues. By modernizing their IT systems and adopting new technologies, hotels can improve their ability to handle unexpected challenges, maintain operations smoothly and deliver consistent guest experiences.

Cancellation 104

Cancellation Revenue Hotels Travel 104

SiteMinder

JUNE 12, 2024

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. Optimising Occupancy : Hotels have a fixed number of rooms, making it essential to ensure high occupancy rates. They’re not just satisfied with traditional metrics like ADR or RevPAR. But the evolution doesn’t stop there.

Yield Management 98

Yield Management Management Revenue Management Revenue 98