Hotel Business

JANUARY 18, 2024

DeCort is also bullish on fundaments and is excited about consumer trends—think unique and immerse experiences leading demand, along with corporate travel picking up. “We Extended-stay is running about 10 points occupancy premium to transient, you put those two things together there are opportunities,” he said. “We

Occupancy 59

Occupancy Operations Services Scale 59

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

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. Hotels can bid on metasearch advertising placements and pay when consumers click on the ad.

OTA 98

OTA Revenue Travel Hotels 98

Amadeus Hospitality

DECEMBER 14, 2022

For example, sustainability is rapidly gaining consumer focus, so as hoteliers and Destination Management Organisations (DMOs) look to the future, there is a clear need for the travel sector to understand related guest expectations. This welcome resurgence of travel should not just be looked at in isolation.

Global Distribution System 52

Global Distribution System Scale Travel Business 52

eZee Absolute

SEPTEMBER 30, 2022

I am listing below the prime OTAs in the hotel industry that can promote your hotel on a larger scale to drive maximum bookings. Tripadvisor can drive a load of bookings to hoteliers because it believes in a simple mantra – “consumers trust other consumers’’. OTA Listing and Your Channel Manager Go Hand in Hand.

OTA 85

OTA Hotels Accommodation Consumer 85

Hotelogix

JUNE 10, 2024

  Dynamic pricing in the hotel industry refers to tweaking room rates based on various factors such as demand, occupancy, seasonality, events, and even competitor pricing. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior.

Revenue 52

Revenue Occupancy ROI Revenue Management 52

Hotel Management

MAY 10, 2023

Pohl went on to say that mid-scale, extended stay brand “Home” has proven popular with Americans and that the emerging Gen Z market was pushing new development in brands like Aiden (part of BWH). Be sure to embrace not only what they like, but that which helps you improve.” Travel and Leisure Co.’s

Marketing 130

Marketing Market Branding Events 130

Little Hotelier

MARCH 10, 2024

Learn more Little Hotelier Little Hotelier is a management software crafted specifically for small-scale hotels, providing a comprehensive suite of tools to simplify daily operations and featuring a range of third-party integrations to enhance functionality.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

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. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Competition.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Cloudbeds

FEBRUARY 28, 2024

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Hotels Revenue Operations 98

Clock Software Hospitality

JANUARY 12, 2021

Read more: The Three Steps to Building a Successful Segmentation Strategy For Hotels Concerts had to reschedule with tour dates pushed back a year or so, and any large scale public events that still take place (races, sports events, exhibitions, etc.) Is the wedding industry going to pull back from large scale events?

Hospitality 52

Hospitality Average Daily Rate Scale Events 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

Catala Consulting

DECEMBER 28, 2023

In recent years, the hospitality industry has seen rapid changes in guest expectations, largely driven by technological advancements and changing consumer values. Small, continuous improvements can lead to significant enhancements over time, reducing the risk and disruption associated with large-scale changes.

Management 52

Management Revenue Management Revenue Hotels 52

MediaBoom

AUGUST 6, 2024

The ability to specialize in one field can help you attract more consumers by meeting their unique demands. They shape consumer perceptions , influence booking decisions , and directly impact a hotel’s reputation. They can leverage consistent standards and economies of scale to deliver reliable experiences.

Branding 92

Branding Hotels Services Marketing 92

Cloudbeds

JUNE 5, 2024

How your online reputation impacts pricing strategies Your online reputation has a significant impact on occupancy and profitability. This, in turn, leads to more visitors, conversions, and, finally, higher occupancy rates. without harming its occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

SiteMinder

FEBRUARY 14, 2024

Tourism trends reflect evolving patterns and preferences in travel, influenced by factors such as technological advancements, socio-economic shifts, and changing consumer behaviours. What are tourism trends? Table of contents Why keep up with new trends in tourism?

Tourism 59

Tourism Market Marketing Travel 59

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. This industry heavily relies on consumers having disposable income. Housekeeping management: Rostering housekeeping staff, and ensuring they know when and where to clean, can be a surprisingly tricky and time-consuming job.

Operations 59

Operations Management OTA Hotels 59

Little Hotelier

JULY 5, 2023

The amount of money you make will depend on how many rooms you have to rent out, your nightly rate, and your occupancy rate throughout the year. Note that most Airbnb listings are side gigs, so if you treat it like a business and you have multiple listings with high occupancy, you can earn significantly more.

Accommodation 52

Accommodation Motels Business Occupancy 52

Travel Media Group

APRIL 24, 2024

Where we got to the closest thing to zero occupancy is we could get, but there was still a demand for that type of, uh, stay for that type of experience. There’s so much space below for, you know, lower rated travel in a different chain scale. And I think that says a lot. It gets to a point where it’s performing so well.

Hospitality 97

Hospitality Branding Digital Marketing Travel 97

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. This industry heavily relies on consumers having disposable income. Housekeeping management: Rostering housekeeping staff, and ensuring they know when and where to clean, can be a surprisingly tricky and time-consuming job.

Operations 52

Operations Management OTA Hotels 52

Catala Consulting

NOVEMBER 18, 2023

This approach includes optimizing room rates and occupancy, but it goes much further. 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

MediaBoom

MARCH 14, 2024

A staggering 75% of consumers admit to judging a business’s credibility based on its website design. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue. Here’s how video marketing can be a game-changer for hotels in the digital age.

Digital Marketing 68

Digital Marketing Services Market Marketing 68

SiteMinder

OCTOBER 11, 2022

From collating data in one place to automation processes – these are key to ensuring time-consuming activities are completed quickly, boosting overall efficiency. Repeat customers can be rewarded through loyalty programmes, which are particularly important for large-scale hotel chains and resorts. Housekeeping.

Hotels 52

Hotels Management Revenue Management Revenue 52

Boutique Hotel News

JANUARY 27, 2023

Governments have set targets, and consumer behaviour is changing, albeit slowly and hampered by the cost of living crisis. The consumer shift away from material items towards immersive experiences has contributed to Way’s success so far, which includes partnerships with Kimpton, Highgate, Graduate Hotels, Fairmont, and more.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

SiteMinder

AUGUST 29, 2023

Think about introducing occupancy sensitive cooling and heating systems that adapt to when people are present in the room. Be detail oriented about running the hotel Taking a greater interest in energy efficiency could have significant long-term benefits for your hotel.

Revenue 52

Revenue Hotels OTA Operations 52

Hotel Operations

MARCH 15, 2023

We’re not just looking at past occupancy rates, but can bring in customer segments and property types and weather and plane schedules – a wide range of external or causal factors. AI for training and coaching is a great example of using technology to empower better human interaction at scale.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Travel Media Group

NOVEMBER 29, 2023

You know, during the pandemic because of economic conditions, you know, when you get down to 15% occupancy, you just can’t hold onto employees or you might actually lose your business. One, to share those best practices, but also to communicate to consumers that, hey, if you’re going to a hotel, doesn’t matter.

Events 98

Events Digital Marketing Business Consumer 98

Hotelier Magazine

JULY 5, 2024

performance across the board; RevPAR declines reported across all chain scales; and EURO 2024, Formula One and Taylor Swift’s Eras Tour lifted cities across Europe. Shift in Juneteenth holiday pushed occupancy down while rate held. per cent year-over-year (YoY), which was entirely the result of an occupancy decline of 1.8

Average Daily Rate 40

Average Daily Rate Occupancy Scale Hotels 40

Hotelier Magazine

APRIL 2, 2024

For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. And while the pandemic certainly decimated the industry in 2020, as soon as consumers got the go ahead to travel once again, the rebound was quick and dramatic.

Pipeline 59

Pipeline Construction Sales Scale 59

Hotelier Magazine

OCTOBER 10, 2023

Secondly, we need to be working smarter, more strategically, really understanding your marketplace and understanding your consumer in detail. Test it out on a small scale and see if you can create meaningful improvements. But as we move into 2024, we’ll start to see a much more stable marketplace. How do you upskill?

Hospitality 59

Hospitality Consumer Motels Revenue 59

Hotelier Magazine

MARCH 11, 2024

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.​ Occupancy rates have returned to pre-pandemic levels with ships largely at 95 per cent occupancy.

Tourism 52

Tourism Business Marketing Market 52

Hotelier Magazine

OCTOBER 10, 2024

Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. How has this impacted ADR and occupancy? Bob Singh: A great year.

Real Estate 59

Real Estate Marketing Market Hotels 59