Hotel Business

FEBRUARY 16, 2023

Accounting for 35% of the projects and 29% of the rooms in the combined renovation and conversion pipeline, the upper-midscale chain scale leads the way with the most activity. The upper-midscale chain scale also has the largest amount of construction activity in the U.S. with 2,175 projects/219,005 rooms.

Scale 99

Scale Pipeline Construction Real Estate 99

Hotel Business

SEPTEMBER 12, 2024

As we look ahead, LE’s report offers a detailed forecast of the anticipated supply growth. Hotel projects within the upscale and upper-midscale chain scales are leading the way. These two chain scales combined account for a substantial majority of projects. hotel landscape. 0025 or info@lodgingeconometrics.com.

Construction 111

Construction Pipeline Scale Hotels 111

Hotel Speak

JUNE 20, 2024

London —June 20 2024— IDeaS , a SAS company and provider of hospitality revenue management software and services, today announced that it has integrated with the Oracle Hospitality Integration Platform (OHIP). About IDeaS IDeaS, a SAS company, is the world’s leading revenue management software and services provider. Results delivered.

Hospitality 101

Hospitality Revenue Management Revenue Services 101

Hotel Business

MARCH 7, 2024

IDeaS , a SAS company, has introduced G3 RMS Portfolio Navigator for multi-property revenue management automation. “The addition of Portfolio Navigator to our flagship product, G3 RMS, is a game changer for multi-property revenue management. .

Revenue Management 64

Revenue Management Scale Revenue Forecasting 64

SiteMinder

SEPTEMBER 18, 2024

It also allows the group to optimize their channel mix for maximum bookings and revenue. Our current channel mix has allowed us to reach a variety of guest demographics to maximize our revenue. AI has already started to benefit our revenue management through suggested rate optimizations and trend forecasting.

Scale 52

Scale Management Resorts Business 52

SiteMinder

MARCH 4, 2024

Berlin, Germany – SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenue management strategy and mitigate real-time risks, free from their desk.

Revenue Management 59

Revenue Management Revenue Management Accommodation 59

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenue manager?

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Social Tables

DECEMBER 5, 2018

Whatever sort of events you host, maximizing revenue is likely one of your biggest objectives. That is, it can be difficult to gauge whether or not your event merch will help to increase the event’s total revenue or lose you money in the long run. 32% speakers and talent. 29% printed materials. 18% venues.

Events 146

Events Sales B2B Revenue 146

Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. Hotels used historical data and simple forecasting methods to set room rates, often focusing on short-term gains.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Hotel Business

JUNE 18, 2024

This goes beyond pricing and forecasting. It unlocks the true potential of data-driven revenue management, allowing hoteliers to make smarter decisions and achieve optimal results.” The post IDeaS now available on Oracle Hospitality Integration Platform appeared first on hotelbusiness.com.

Hospitality 59

Hospitality Forecasting Revenue Management Scale 59

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. Income: Forecasted and other expected revenue.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

Hotel Business

MARCH 6, 2024

It allows accommodation providers to forecast revenue performance and take targeted action whenever needed, using their personalized 14-day overview of rooms sold, revenue earned and best-performing distribution channels. These are capabilities that have traditionally felt too complex and large-scale to execute, even on desktop.

Revenue Management 64

Revenue Management Revenue Forecasting Marketing Strategy 64

Hotel Business

OCTOBER 12, 2023

MDO customers will now be able to take advantage of a broader set of back-office capabilities, while HelloGM customers will benefit from MDO’s paperless night audit solution and more robust budgeting, forecasting and business intelligence solutions. The post MDO acquires HelloGM appeared first on hotelbusiness.com.

Forecasting 64

Forecasting Scale Operations Business 64

Social Tables

DECEMBER 27, 2018

Meanwhile, late in 2018, CBRE forecasted that hotel supply would peak at 2% gain, stabilizing to 1.9 Respondents to the AMEX Meetings & Events Forecast predict that rise will equal about 2.41% in North America, while CWT expects an even higher hike of 3.7%. percent over the next two years. Click To Tweet. Key Takeaway for Venues.

Events 167

Events Business Scale Consumer 167

SiteMinder

MAY 6, 2024

This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.”

Revenue 59

Revenue Accommodation Hotels Forecasting 59

Hotel Business

JANUARY 30, 2024

“We are in the business of owning that forecasting and budget motion for each property,” Jason Luo, chief revenue officer, Actabl, told Hotel Business in an interview at ALIS. “We “Tax compliance is one of the most onerous factors impacting hotel management groups and their ability to operate and scale efficiently.

Forecasting 64

Forecasting Business Scale Revenue 64

Hotel Business

APRIL 15, 2024

This is 61 basis points higher than previously forecast. Luxury and upper-upscale posted the only positive chain scale performance during the month, up 2.7% Elevated costs meant total revenue growth failed to translate into profits. CBRE expects first-quarter GDP growth of 2.1% year-over-year (YOY) in February.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Little Hotelier

MARCH 10, 2024

It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions. 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.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Hotelogix

JUNE 10, 2024

We have witnessed firsthand the evolving landscape of hotel revenue management. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. Revenue Goals : Determine what you aim to achieve with dynamic pricing (e.g.,

Revenue 52

Revenue Occupancy ROI Revenue Management 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. in the next 12 months. million people.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

SiteMinder

OCTOBER 15, 2023

Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue. Dynamic rates, on the other hand, take all that information into account to give hoteliers the information they need to maximise revenue at all times. Our smart hotel platform helps you do exactly that.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Hotelogix

SEPTEMBER 12, 2024

A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc., Scalability : Cloud-based systems can be easily scaled up as the hotel grows.

Management 52

Management Revenue Management Hotels Operations 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Boutique Hotel News

DECEMBER 20, 2022

Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. A recent Knight Frank report supports this idea, revealing that ancillary revenues have increased in 2022 with the contribution to total revenue rising by 1.5

Travel 124

Travel Hotels Branding Consumer 124

A Sales Guy

DECEMBER 15, 2016

Predictive Scoring forecasts the companies most likely to close by analyzing historical data from customers who have already closed or become opportunities. Not every piece of content has to be specifically re-designed for a target account—that approach doesn’t scale. Look into the Future with Predictive Scoring.

Pipeline 98

Pipeline Market Marketing Intent 98

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

SiteMinder

MAY 15, 2023

You need to be sure your finances are in order before embarking on a large scale hotel project. This figure is forecast to grow in the following years to 2,480 global hotel openings in 2023 and 2,707 in 2024. Gaining capital is important for any business investment and, given their multifaceted nature, hotels are no different.

Real Estate 59

Real Estate Hotels Business Forecasting 59

SiteMinder

OCTOBER 10, 2022

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotelier Magazine

OCTOBER 10, 2023

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. Off premise is more profitable revenue because you’re serving customers but you’re not cleaning the tables or the restaurant and there aren’t as many servers,” said Dover. “I

Hospitality 59

Hospitality Consumer Motels Revenue 59

Hotel Operations

MARCH 15, 2023

A need to drive revenue The ongoing pandemic recovery and global macroeconomic uncertainty this year (2023) have put an increased focus on driving revenue growth. But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 This represents the recovery of the tourism sector from the pandemic, one year earlier than forecast. AB: What is the role of government in helping Canada grow tourism revenue?

Tourism 52

Tourism Business Marketing Market 52

Hotelier Magazine

SEPTEMBER 20, 2024

At the other end of the scale, the leaner model of the rooms-led economy segment, with little-to-no staffed F&B operation, has become more attractive for its operating model. While ADRs are expected to normalize in most markets, OCC growth in well-managed assets should drive revenue growth.

Tourism 52

Tourism Pipeline Hotels Marketing 52

SiteMinder

JULY 4, 2024

Guest satisfaction is pivotal to the success of any hotel as it directly impacts a hotel’s reputation, revenue, and long-term growth. The more business you can generate from existing guests, the more healthy your business will be in the long run, since you’ll be able to spend less on marketing and forecast more accurately.

Hotels 52

Hotels Services Branding Travel 52

Hotel Business

NOVEMBER 20, 2024

According to recent data from Lodging Econometrics (LE) , while luxury hotels continue to target high-net-worth travelers with opulent new builds, the most dynamic growth continues to occur in the upper-midscale chain scale. Overall, however, full-service developments are commanding a more substantial portion of the U.S.

Services 111

Services Pipeline Scale Forecasting 111

Hotelogix

MARCH 21, 2025

Understanding EBITDAR: The Hidden Profit Metric EBITDAR stands for: Earnings – Total revenue generated by the hotel. Rent is a Fixed Cost That Can Distort Profitability In major cities, lease costs can eat up 20-30% of a hotel's total revenue. What is EBITDAR? And Why Should Hotels Care?) But is that really true?

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