Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% Luxury and upper-upscale posted the only positive chain scale performance during the month, up 2.7% Food for thought Short-term rentals continued to take market share in February. drop in demand.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Hotel Business

JANUARY 9, 2023

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.

Services 116

Services Revenue Occupancy Travel 116

Hotel Business

AUGUST 8, 2023

Conversions represent a major growth opportunity for us, generating around 40% of first-half openings and signings globally, and we see an increasing desire from owners to quickly realize the benefits of IHG’s scale and strong enterprise. We’re delighted that more than 100 hotels have already expressed definitive interest in the new brand.”

Branding 98

Branding Pipeline Scale Resorts 98

SiteMinder

OCTOBER 10, 2022

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. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Boutique Hotel News

APRIL 18, 2023

AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. Perhaps that could be a revenue management solution to increase occupancy rates and optimise revenue.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Market Share 52

Market Share Hotels OTA Cancellation 52

SiteMinder

MAY 18, 2022

It’s a full scale business that keeps Markus busy, however he still relishes the chance to get away from the desk, keeping an adventurous spirit and a passion for travel alive. “I The goal is to generate the best possible revenue, to further expand market share and to position the property optimally through price.”.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52