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The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.”
San Diego, CA Cloudbeds , the premier hospitality management software platform, has today unveiled its 2025 State of Independent Lodging Report. Adam Harris, Co-Founder and CEO of Cloudbeds, said: Hospitality is fundamentally human and independent properties represent its heart and soul.
In her expanded role, she will lead the development and implementation of sales and marketing strategies to drive revenue growth, enhance the guest experience and expand the marketshare of both properties.
This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. Calculate your property’s ADR, RevPAR, and occupancy rate. How is ARI calculated?
For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. By understanding demand patterns and market dynamics, hotels can implement dynamic pricing strategies, adjusting rates based on anticipated demand.
Join Suite Spot Host, Ryan Embree, as he covers the top 5 takeaways from the inaugural event of The Hospitality Show presented by Questex and the AHLA. Suite Spot Podcast · 115 – The Hospitality Show: 5 Key Takeaways Episode Transcript Our podcast is produced as an audio resource. Hopefully you are tuning in. So check that out.
Podcast host Ryan Embree welcomes the newest addition to the TMG Hospitality Trailblazers series, Mauri Berry, Vice President of Marketing & Digital Strategy at Remington Hospitality! Suite Spot Podcast · 116 – TMG Hospitality Trailblazers: Mauri Berry Episode Transcript Our podcast is produced as an audio resource.
26, 2024 – Cloudbeds, the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024.
Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.
Learn more Why is efficiency important in hospitality? When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your marketshare. Maximising ADR helps a hotel increase revenue without needing to increase occupancy.
2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. We expect it will continue to be a main driver in the market heading into 2023, particularly as demand for these accommodations soars and labor remains expensive and in short supply. By Shilpan Patel.
Hospitality Discussions (part 1) – 2024 Performance is available now to listen. The hospitality industry in 2024 has been marked by unpredictability and a series of challenges. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push. Lead times have changed.
This is why Amadeus , a global leader in hospitality technology, and Knowland , a global provider of data-as-a-service insights on meetings and events for hospitality, are expanding their partnership to deliver new data insights that will allow the industry to understand key trends, measure performance, and plan for the future.
Yanolja Cloud’s is a leading global provider of AI-based, software-as-a-service (SaaS) solution for the hospitality and leisure industries. Where is the greatest potential for innovation in hospitality tech? Artificial intelligence (AI) will really accelerate different areas of hospitality technology.
With this in mind, Amadeus’ Demand360 ® will be implemented for use across Ascott ’s properties, supporting them in making data-driven decisions in revenue management against their competitive set in the hospitality sector. About Amadeus Amadeus powers more personalized and authentic travel experiences.
Tune in to this insightful episode and join host Ryan Embree as he and Linda give you the 411 on everything OCI Hospitality. Suite Spot Podcast · 108 – Hospitality Trailblazers: Linda Saron Episode Transcript Our podcast is produced as an audio resource. What led you to OCI Hospitality? Linda, welcome to the Suite Spot.
The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Cloudbeds’ insights are grounded in data from 3,000 properties across 95+ countries in North America, Latin America, Europe, and the Asia-Pacific region.
Travel Media Group’s Hospitality Trailblazers podcast series is going full speed ahead! Marketing Director and Host of the Suite Spot Ryan Embree sits down with a very special guest, Chief Operating Officer of Davidson Hospitality Group, Pete Sams! Got a great episode continuing our Hospitality Trailblazers series.
Hotel KPI or Hotel Key Performance Indicator is the value that can be measured and which lets you set a standard to measure the success rate of your hotel business as to how is it faring in the market. KPI in hospitality industry is also used to find out if or not you are on the right track to meet the targets set.
We look forward to further online visibility in the marketplace and using the latest tech tools to drive marketshare.” Scott Falconer, Executive Vice President, Media Solutions, Hospitality, Amadeus , said, “We are proud to announce the extension of a partnership that has already proven to be successful.
By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. In comparison to 2022, occupancy was 65.7
WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational marketshare product for the global hotel industry. Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy.
It doesn’t seem like the right time to invest in your hospitality business. Where we’ve been and where we’re at The short-term rental market has predictably cooled off from its extraordinary stretch a few years ago, but stability appears to be close at hand. The decline in occupancy since 2021 appears to have leveled out.
It doesn’t seem like the right time to invest in your hospitality business. Where we’ve been and where we’re at The short-term rental market has predictably cooled off from its extraordinary stretch a few years ago, but stability appears to be close at hand. The decline in occupancy since 2021 appears to have leveled out.
It doesn’t seem like the right time to invest in your hospitality business. Where we’ve been and where we’re at The short-term rental market has predictably cooled off from its extraordinary stretch a few years ago, but stability appears to be close at hand. The decline in occupancy since 2021 appears to have leveled out.
San Diego, CA, February 28, 2024 – Cloudbeds , the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024.
The next episode of TMG Hospitality Trailblazers sees Charles Oswald, President and CEO of Aperture Hotels, taking center stage on the Suite Spot podcast. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. Tune in now! Got a great guest with me. Certainly indeed.
Ever wondered why some hotels consistently outperform their competitors, even in challenging market conditions? The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape.
The hospitality industry faces seasonal challenges and fluctuating market conditions, including reduced consumer spending and increased competition. Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. A seamless booking experience can significantly reduce abandonment rates.
Hotel distribution has always been a critical aspect of the hospitality industry. Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management.
This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. First vs. third-party data Hospitality data can be broken out into first-party and third-party data. Revenue management KPIs. Food & beverage KPIs. Spotlight: What are STR reports?
You can: Spot your most valuable guest types Get to know what guests like and how they act See which marketing channels work best Tailor marketing messages to get more bookings Operational Efficiency Hotel business intelligence can help you run your hotel more efficiently. Energy Management: Look at usage patterns to save energy.
This is when our hotels get the most stressed, as far as, you know, occupancy coming in and could uncover, we’ve talked about it before, could uncover some patterns and trends that might have been issues in the slower season, but now have become bigger problems in the summer. We’re gonna express, you know, maybe why that is.
In this edition we spoke to Markus Seemann, founder of 9seemeilen Hospitality, about all things hotel revenue management. The goal is to generate the best possible revenue, to further expand marketshare and to position the property optimally through price.”. Table of contents. This is exactly what happened. EUR in one month.
A SWOT analysis is a classic tool used in the hospitality industry for planning and decision-making. In the hospitality industry, SWOT analysis can be used for significant projects like establishing a new property, refurbishment, or re-branding. What is SWOT Analysis for hotels? What areas do guests give a thumbs-down?
A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and marketshare. At the heart of this lies a deep-rooted commitment to hospitality. The hospitality industry is dynamic, with guest expectations and market trends constantly evolving. Still Have Questions?
And they were trying to maybe steal some of that marketshare. These were these kind of 30 to second clips that users could share on Instagram kind of like Tik Toks in order to either promote things on property, promote amenities, breakfast options like we just talked about. Other than out of necessity.
[Joanna] Despite hoteliers’ concerns at the start of the year, the number of bookings and occupancy rates during this summer in Poland were actually at a reasonable level. That takes time, building brand awareness in a new market. The IGHP data is in line with the data collected directly by Bookassist in Poland.
We’re always looking ahead as hoteliers, what’s the next occupancy driver in our market? Where do we need occupancy? They’re looking for opportunity to capture more marketshare. They might have done that hotel marketing strategy that you talked about at the end of the year.
To check the effectiveness of your USP, you’ll want to track key performance indicators (KPIs) such as: Occupancy Rates : See if more rooms are getting booked. MarketShare : Compare how well your hotel is doing compared to others in your area. The world of hospitality is dynamic, and consumer preferences evolve over time.
If you’ve been following with our TMG Hospitality Trailblazer series, we’re taking a slight break, but we’re gonna be back in 2023 with some great guests lined up. And our most recent TMG Hospitality Trailblazers podcast series that you mentioned has created a whole new avenue for our partners to share their stories.
XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time.
This year is set to be the year of optimizing performance for independent hoteliers, according to the 2025 State of Independent Lodging Report from hospitality management software platform Cloudbeds. Hospitality is fundamentally humanand independent properties represent its heart and soul, said Adam Harris, cofounder/CEO, Cloudbeds.
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