Hotel Speak

SEPTEMBER 26, 2024

In September 2024, I gathered over 20 hoteliers and inudstry experts to explore five pertinent issues 1) 2024 Performance, 2) Revenue Generation, 3) Staffing and Leadership, 4) Marketing and Demand and 5) Technology and Vendors. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push.

Market 83

Market Marketing Hotels Forecasting 83

Boutique Hotel News

MARCH 24, 2023

Boutique hotel groupings averaged 58 to 65 per cent occupancy in 2022. This is compared to all US hotels at 63 per cent occupancy. Whilst occupancy levels have not fully returned to 2019 levels, strong rate increases compared to the previous year have enabled most class groups to achieve RevPAR recovery. .

Occupancy 98

Occupancy Hotels Market Share Revenue 98

Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

STAAH

JULY 8, 2024

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.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

TravelNet

APRIL 25, 2024

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. Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out.

Market 52

Market Marketing Occupancy Business 52

Little Hotelier

AUGUST 12, 2024

When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your market share. Maximising ADR helps a hotel increase revenue without needing to increase occupancy. Creating an efficient hotel is simply good business.

Average Daily Rate 95

Average Daily Rate Revenue Occupancy Operations 95

TravelNet

APRIL 25, 2024

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. Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out.

Market 52

Market Marketing Occupancy Business 52

TravelNet

APRIL 25, 2024

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. Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out.

Market 52

Market Marketing Occupancy Business 52

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

MARCH 6, 2023

Rate Insight+ offers hoteliers a comprehensive view of competitive short-term rental and hotel pricing in their specific market, providing crucial data to enable better pricing decisions based on demand, occupancy, and rates in their market, according to the company.

OTA 59

OTA Market Share Occupancy Market 59

Cloudbeds

OCTOBER 9, 2024

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. These predictions incorporate various factors, including historical data, market segmentation, current market trends, and macroeconomic dynamics.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

FEBRUARY 8, 2024

According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. Meanwhile, the largest Travel & Tourism market is the Hotels market with a projected market volume of US$93.62bn in 2024. In population size, that market is made up of just over 300 million people.

Marketing 52

Marketing Market Travel Tourism 52

Hotelogix

NOVEMBER 28, 2024

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. 

Hotel Marketing 40

Hotel Marketing Market Marketing ROI 40

Hotel Business

AUGUST 9, 2023

“Our team is united in our focus on finding the right business, at the right time, at the right price point while continuing to shift market share away from our competition and providing service that is realizing strong customer retention,” said Fraser.

Market Share 52

Market Share Revenue Occupancy Hotels 52

Amadeus Hospitality

FEBRUARY 28, 2023

Today, hoteliers need access to comprehensive, forward-looking market insights to better understand and adapt to rapidly changing conditions. The access to forward-looking insights from Amadeus’ Demand360 solution will offer the opportunity to shift market share and grow Ascott’s business.

Business 59

Business Occupancy Revenue Market Share 59

Hotelogix

AUGUST 6, 2024

This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Increasing your Hotel's Market Share Growing your market share requires strategic marketing and distribution efforts. Run targeted marketing campaigns to attract high-value guests.

Revenue 52

Revenue Management Upsell Target Marketing 52

Bookassist

NOVEMBER 4, 2022

Joanna] The primary thing is that it shows to Polish hotels that we are a verified, trusted partner for hotels on the market. 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. It’s all about results!

Market 52

Market Marketing Management Sales 52

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. The first-of-its-kind report draws on extensive data, research, as well as daily interactions with hostels around the world to share insights and trends in travel for 2024.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Travel 52

Hotel Business

OCTOBER 26, 2023

Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. Adjusted EBITDA increased 5% to $200 million primarily reflecting higher fee-related and other revenues as well as marketing fund variability. The company’s U.S.

Pipeline 64

Pipeline Market Share Revenue Branding 64

Travel Media Group

MARCH 16, 2022

Host Ryan Embree discusses how hotels can position themselves to capture market share and secure bookings from both engaged couples and wedding guests. Ryan Embree: Welcome to Suite Spot where hoteliers check in and we check out what's trending in hotel marketing. And it's having a huge impact on occupancy. Listen now!

Digital Marketing 52

Digital Marketing Market Share Hotels Occupancy 52

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

SiteMinder

AUGUST 1, 2024

Hotel rate shopping is the practice of tracking and monitoring hotel rates amongst your local market and competitors. Today’s market demands the adoption of dynamic pricing and hotels now regularly change rates daily or even multiple times in a given day. What is hotel rate shopping?

Shopping 52

Shopping Revenue Average Daily Rate Revenue Management 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. The dynamic landscape of hotel distribution offers numerous opportunities for hotels to maximise their market presence and profitability.

OTA 75

OTA Hotels Revenue Revenue Management 75

Xotels

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Ultimately, prioritising achieving a fair share of direct sales empowers hotels to establish stronger control over guest data to increase profitability, and maintain autonomy over their brand image and customer experience.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

OCTOBER 14, 2023

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. These KPIs range from the daily operations to financial performance to sales and marketing and customer service.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Amadeus Hospitality

MAY 7, 2023

By leveraging proprietary data along with insights from Amadeus’ partner network, customers – including many prominent hospitality brands in major markets such as the H-Hotels group – are able to make better informed decisions and drive better performance.

Market Share 52

Market Share Travel Market Marketing 52

Hotel Business

AUGUST 8, 2023

Travel demand is very healthy, with RevPAR improving year-on-year across all our markets and exceeding 2019 pre-pandemic peaks for four consecutive quarters. market alone. Brand highlights Luxury & Lifestyle IHG is successfully driving growth and market share in the higher fee per key Luxury & Lifestyle segment.

Branding 98

Branding Pipeline Scale Resorts 98

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the process of examining data sets to search for patterns, draw conclusions, support decision-making, and predict future market trends. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Guest experience key performance indicators (KPIs).

Operations 40

Operations Revenue Management Occupancy Revenue 40

Travel Media Group

JULY 19, 2023

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! Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check out what’s trending in hotel marketing. So happy to be here.

Hospitality 97

Hospitality Market Marketing Business 97

Hotelier Magazine

APRIL 4, 2024

CBRE’s Canadian Hotel Industry Outlook Report (Q3 2023) projects strong and stable occupancy and Revenue Per Available Room (RevPAR) growth for the Canadian hotel industry through to 2027. Occupancy is projected to remain at a profitable 66 to 68 per cent, with RevPAR growing to $140 by 2027.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

Amadeus Hospitality

JUNE 27, 2023

The Index also includes filters to view top event market segments and industries booking group events, allowing hoteliers and DMO/CVBs to closely track trends and adapt their business strategies accordingly.

Business 52

Business Hospitality Events Average Daily Rate 52

Xotels

AUGUST 15, 2022

Incorporate channel distribution costs like travel agent commission, agency fees and marketing investments, payroll for sales, marketing, and reservation, to determine the true net value of each segment. I have to share with you a funny story to budgeting with you. I have to share with you a funny story to budgeting with you.

Market 59

Market Marketing Hotels ROI 59

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

MediaBoom

AUGUST 6, 2024

A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and market share. By developing detailed guest personas, you can better understand your target market and make informed decisions about your hotel’s branding and marketing strategies. Each of these transmits a signal.

Branding 90

Branding Hotels Services Market 90

Travel Media Group

JULY 6, 2023

Ryan Embree: Welcome to Suite Spot, where hoteliers check in and we check out what’s trending in hotel marketing. We need to go after the marketing degrees, the business degrees and show that there is a real clear cut career path. So again, huge opportunity here for hoteliers to go in there, start marketing and advertising this.

Hospitality 97

Hospitality Travel Events Marketing 97

SiteMinder

JUNE 24, 2024

Atrápalo’s extensive reach in the Spanish-speaking market, especially in Latin America, allows you to tap into a large pool of potential guests. By partnering with Atrápalo, you gain access to a platform that promotes your hotel to travellers actively seeking accommodations, leading to higher occupancy rates and increased revenue.

Hotels 52

Hotels Revenue Accommodation Travel 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