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The significance of considering competitive hotel rates in revenue management: An economic perspective

Hospitality Net

By applying economic theory to this practice, hoteliers utilizing revenue management not only can optimize revenue generation, but also achieve economies of scale, earn market share, and foster long-term success.

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U.S. Waterparks Poised for More Growth Amid Robust Recovery

Hospitality Net

Several large-scale projects planned for 2023 and beyond will alter the waterpark landscape at both indoor and outdoor waterparks. These projects will continue to encourage existing properties to innovate and update to keep market share. This robust performance paved the way for new growth in all segments of the industry.

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Hilton Snaps Up Graduate Hotels in $210 Million Deal: Consolidation Heats Up in Mid-Scale Market

Hotel Speak

Shaking up the mid-scale hotel market, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. Hilton CEO Chris Nassetta notes “We believe the addressable market for the Graduate brand is 400-500 hotels globally.” This news comes amidst a larger trend of consolidation within the hotel industry.

Scale 93
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Waterparks Maintain Momentum in 2024 Amid Growth and New Opportunities

Hospitality Net

In 2023, waterpark owners and operators saw a more competitive market as attendance levels remained similar to 2022 while ticket pricing growth was more subdued. New growth is forecasted for indoor and outdoor waterparks in 2024 as several large-scale projects will open that will alter the waterpark landscape.

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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. How have you adapted your sales and marketing strategy to attract these new segments? . Where are your target markets researching and booking their travel? Marketing and distribution strategies need to reflect this. . •

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Sales and Marketing Are Not Merging

Anthony Iannarino

It’s fashionable to suggest that sales and marketing are merging. The truth is that sales and marketing are not merging, nor should they. What Marketing Does. Marketing is one-to-many. Marketing promotes the business, helps position offerings, and advertises. Why People Say Sales and Marketing Are Merging.

Sales 101
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Hotel development surge: Thousands of new projects poised to break ground

Hotel Business

The widespread distribution of these projects across numerous markets, coupled with the strong presence of established brands, suggests a confident outlook for the hospitality industry. Hotel projects within the upscale and upper-midscale chain scales are leading the way. 0025 or info@lodgingeconometrics.com.