Hotelier Magazine

DECEMBER 14, 2023

TORONTO — As 2023 draws to a close, regional HVS leaders across the globe have taken a look back at how the global hotel industry fared this year and opine on the outlook for 2024 in its latest report. Supply growth in Canada has been muted throughout COVID with soaring construction costs. While the U.S.

Forecasting 52

Forecasting Cancellation Hotels Closing 52

eZee Absolute

DECEMBER 7, 2023

But if you look closely, s/he spends most of their time working with only one property i.e. your hotel. If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate. 100% occupancy rate and better revenue.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hotel Business

OCTOBER 26, 2023

Our board of directors, together with our financial and legal advisors, closely reviewed Choice’s latest proposal and determined, for multiple reasons, that it is not in the best interest of our shareholders. leisure demand, and international occupancy continued to recover. infrastructure bill. Development On Sept.

Pipeline 64

Pipeline Market Share Revenue Branding 64

Hotel Business

FEBRUARY 16, 2023

Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. Approximately 60% of the company’s development pipeline is international and over 80% is new construction, of which approximately 36% has broken ground.

Pipeline 59

Pipeline Revenue Construction Services 59

MBA Hotels

SEPTEMBER 12, 2018

According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. More likely to close than deals made directly between seller and buyer.

Net Operating Income 40

Net Operating Income Average Daily Rate Closing Hotels 40

Hotel Business

FEBRUARY 21, 2023

Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts. for full-year 2022 vs. 2019. YOY Fee margin of 56.2%, +6.6%

Pipeline 52

Pipeline Scale Occupancy Resorts 52

Hotel Management

MAY 10, 2023

The Asia-Pacific Hotel Industry Conference and Exhibition (AHICE) drew close to 1500 delegates to Adelaide last week for insightful keynote presentations, evocative panel discussions and invaluable networking opportunities. Leanne Harwood of IHG engaged diversity advocate Christopher Schiavello from his namesake construction company.

Market 130

Market Marketing Branding Events 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.

Scale 130

Scale Construction Average Daily Rate Hotels 130

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction. What are hotel costs?

Revenue 52

Revenue Hotels OTA Operations 52

Clock Software Hospitality

FEBRUARY 2, 2021

After a dry spell which has seen many establishments permanently close their doors for the duration of at least a quarter of the year, many are eager to try and drive up business as much as possible and cut costs wherever they can. Having smaller rooms with smaller windows would create natural insulation that would, in turn, cut energy costs.

Hospitality 52

Hospitality Services Upsell Business 52

MediaBoom

MARCH 14, 2024

Your hotel’s digital reputation is something that should be managed closely because it directly affects how people look at your brand, both online and offline. Reputation management involves addressing negative reviews in a professional and constructive manner, offering solutions, and demonstrating your commitment to improvement.

Digital Marketing 64

Digital Marketing Services Market Marketing 64

Travel Media Group

OCTOBER 12, 2022

They actually were in the construction business. And so as time went along, you know, we, we got into the hotel management business, and then kind of in the mid nineties, my father bought the management company and there was a construction company as well. And just keeping a close ear on that feedback. They shook hands.

Hospitality 52

Hospitality Business Travel Digital Marketing 52

Hotel Designs

MARCH 8, 2023

Image credit: Northern Lights Combining the creativity of her designs with the requisite practical application of technology, Donna Gridley, Head of Creative at British luxury lighting manufacturer Northern Lights , works closely with the in-house design team to translate her sketches and concepts into 3D models.

Branding 98

Branding Hospitality Construction Occupancy 98

Boutique Hotel News

JANUARY 27, 2023

Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. Governments have set targets, and consumer behaviour is changing, albeit slowly and hampered by the cost of living crisis. ” P S.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Cloudbeds

APRIL 23, 2024

From conferences to weddings and production crews, securing group business is a surefire way for hotels to fill occupancy months in advance. In the Middle East, RFP activity was at 128%, closely followed by North America at 116%. Groups are one of the most lucrative segments for hoteliers. But how can you win more group business ?

Business 52

Business Events Hotels Sales 52

Hotel Business

NOVEMBER 7, 2022

The company closed the acquisition of Radisson Hospitality Inc. The WoodSpring Suites brand achieved Q3 RevPAR growth of 27.5%, compared to the same period of 2019, driven by occupancy levels of 81% and a 22% increase in ADR. Domestic RevPAR growth has surpassed 2019 levels for 16 consecutive months through Sept. As of Sept.

Pipeline 52

Pipeline Revenue Branding Scale 52

Travel Media Group

JANUARY 18, 2023

Ryan Embree: That’s super interesting to hear and you, you know, you could learn so much from this data, you know, in 2020 and 2021 we’re seeing really incredible inconsistencies with the reviews that were coming in and just based on the occupancy levels that we were seeing. Patrick O’Brien: Sure. Great tips there.

Travel 52

Travel Operations Market Marketing 52

Travel Media Group

NOVEMBER 16, 2022

The industry used to be proactive in prior to 9/11, if you were in the hotel business, you started your marketing close to home, you built your local market bases, you did contract marketing with schools, governments, construction companies, local industries. You built a bank of business that would cover about half your occupancy.

Hospitality 52

Hospitality Market Marketing Travel 52