Lodging
AUGUST 8, 2024
Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations and the development of automated revenue management systems (RMSs).
Lodging
NOVEMBER 15, 2024
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. CBRE now forecasts a.5 5 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 percent in August.
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Lodging
AUGUST 16, 2024
DALLAS, Texas—CBRE reduced its forecast for U.S. percent increase in revenue per available room (RevPAR) growth for 2024, down from the 2.0 Hotel Performance Forecast, Lodging Demand Softens appeared first on LODGING Magazine. CBRE now projects a 1.2 percent estimated in May 2024.
Skift Blog
AUGUST 8, 2024
hotels continue to perform roughly 10% above 2019 levels in revenue per available room. Skift Take: Choice Hotels recently saw its U.S Its executives believe that trend may roll on next year. Sean O'Neill Read the Complete Story On Skift
Skift Blog
JULY 23, 2024
Skift Take: Cancellations and no-shows for hotel reservations tend to be higher in summertime, which can significantly impact revenue for hotels and travel management companies (TMCs). Slicing and dicing data more granularly leads to better forecasting and may reduce potential revenue losses.
Skift Blog
OCTOBER 4, 2024
Skift Take: Airline revenue management is undergoing a significant transformation powered by AI and machine learning. By forecasting demand and offering personalized pricing, the PROS Willingness-to-Pay (WTP) model can help airlines enhance both revenue and customer satisfaction. PROS Read the Complete Story On Skift
Hotel Management
SEPTEMBER 25, 2024
As our New Zealand hotels continue to forecast robust revenue growth for the year ahead.” Rendezvous Heritage Christchurch The next 12 months are shaping up to be an important time for TFE as we continue to invest in technology and in growing our quality, design-led hotel portfolio in strategic locations,” Ritch added. “As
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