Hotel Management

JUNE 15, 2023

Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal. In addition, the new wave of supply is anticipated to play a role in driving rate performance over the next two years.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

Hotel Management

AUGUST 3, 2023

Marriott International CEO, Anthony Capuano “Business transient revenue also saw strong year-over-year growth, driven by solid average daily rate growth. “Within customer segments, group once again performed extremely well, with revenue rising 10% above 2022,” Capuano said of the US and Canada.

Average Daily Rate 130

Average Daily Rate Pipeline Revenue Resorts 130

Hotel Management

OCTOBER 3, 2023

Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic. This has, in turn, created enormous opportunity for hotel conversion.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Business

AUGUST 1, 2023

Business transient revenue also saw strong year-over-year growth, driven by solid average daily rate growth. The pipeline includes 1,066 properties with more than 240,000 rooms under construction, or 44%, including approximately 37,000 rooms from the MGM Resorts deal. and Canada.

Average Daily Rate 52

Average Daily Rate Pipeline Construction Revenue 52

Hotel Business

AUGUST 11, 2023

Hotel The global average daily rate (ADR) for hotel bookings exceeded earlier predictions, rising 29.8% Occupancy rates have been high, but so have labor, energy, and food and beverage costs. Occupancy rates have been high, but so have labor, energy, and food and beverage costs. YoY to $161 in 2022.

Events 98

Events Business Travel Forecasting 98

Little Hotelier

OCTOBER 11, 2023

Some guests aren’t comfortable sharing feedback face-to-face, but are more than happy to offer constructive criticism over the internet. Add in the anonymity that the internet offers, and online reviews offer particularly honest and revealing feedback. Reviews also show you how you can improve your hotel.

Management 107

Management Hotels Consumer Average Daily Rate 107

MBA Hotels

SEPTEMBER 12, 2018

Potential pitfalls of a major renovation include excessive room closures, negative guest reviews, or even losing a large client due to noise and construction. New construction also carries far greater risks than buying a performing hotel.

Net Operating Income 40

Net Operating Income Average Daily Rate Closing Hotels 40