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Skift Take: With close to 80 signings and more than 30 openings, the Indian hotel industry had a strong momentum during the first three months of 2025. It remains to be seen how geopolitical disruptions affected the sector in the coming months. Read the Complete Story On Skift
One year on from the launch of Trilogy Hotels, the independent management company is rounding out 2024 with 13 hotels under management totalling over 2,500 rooms and overseeing $165 million in revenue. They position a hotel asset and provide a platform to drive a distribution strategy and revenue lines. We’re not.
The effects of inflation and the higher interest rates tasked with taming it are being felt by guests, with STR projecting a 6 percent decline in real RevPAR for U.S. hotels compared to 2019.
London, 15 April 2025: SDK Consulting , revenue and commercial consultancy for hotels, has been appointed by boutique hotel brand Z Hotels to develop the commercial strategy and run the revenue and distribution department. As we expand our brand and prepare to open Leicester Square we need to be primed to grab market opportunities.
As organizations chase new revenue targets, B2B sales leaders must examine cutting edge prospecting solutions that proactively help reps identify, connect with, and close qualified buyers faster. Forward thinking sales leaders are starting to prioritize technology initiatives.
As a leader in revenue management consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenue management trends keep evolving. While questions like What are the top trends in revenue management for 2025?
Everything we do must connect to them ‘ ethos and how this approach has not only revolutionised the guest experience but has also become the driving force behind a more holistic and resilient revenue generation strategy, one that prioritises Revenue Per Available Guest (RevPAG) and cultivates meaningful, long-lasting guest relationships.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Use our proven data-driven plays to grow your pipeline and crush your revenue targets. Close more deals with these winning plays! For the first time, we’re sharing the winning plays that took us from scrappy startup to a publicly traded company.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Enter AI-Powered Revenue Management: eZee Mint AI Final Encore Some hoteliers hit the jackpot, while others? Even mid-range hotels significantly increased their rates, making three to four times their usual revenue in just a few nights. The difference wasnt luck; it was the lack of a well-planned revenue management strategy.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
billion in revenue and 11 million room nights, and GHA Discoverys cross-brand activity where members move between alliance brands generated US$370 million in incremental revenue last year. With Rotana joining, we will be close to 950 hotels, and we have high hopes to hit 1,000 hotels very soon.
If you set-up your hotel’s offerings and tech stack properly, these avid travelers could be your sweet spot (revenue-wise) for the coming months and years.
The luxury four-star hotel combines modern and sophisticated amenities with a traditional touch of the Java culture Grand Sunshine is located just minutes from the Soroja toll gate and close to various popular tourist destinations. There was also an opportunity to expand online reach and get more direct bookings into their revenue potential.
By tapping into such brands, independent hoteliers can retain their local charm and personalised service while accessing BWH’s renowned revenue management, distribution channels, a global loyalty program and marketing expertise. Set to launch in December 2024, City Oasis Inn is a beloved local landmark with over 40 years of history.
Increase Direct Bookings Get Your Free Hotel Marketing Audit Maximize direct bookings, grow your revenue, and boost your online presence — with a free custom audit. Facts close deals — but feelings get you into the consideration set first. These emotional images build desire and make your property memorable.
The Hotel Moment podcast — episode 69 In this week’s episode of the Hotel Moment podcast, Karen Stephens, Revinate CRO, and Caryl Helsel, Founder and CEO of Dragonfly Strategists, explain how closely monitoring the guest journey helps achieve revenue goals. The post What does it take to create a winning revenue strategy?
Q3 data shows that 13 of the top markets have recovered 100% of group revenue, including: Tampa 116.8% Denver 101% Boston 100% Key insights from the 3Q 2023 index Strong ADR drives group recovery – Achieving 103% of 2019 revenues, the group index continues an upward trend, driven by a 12.1% New York City 111.2%
Founded by the Dowers in the late 1990s, The Mirbeau Companies began with a vision of offering close-to-home escapes that addressed the stresses of modern life. This results in our exceptionally high total gross revenue per room night from combined lodging, spa and dining operations driven by both tourists and local day spa guests.”
Following a successful debut event in 2024 which welcomed close to 600 key industry figures, AHICE South East Asia returns to South East Asia from January 24-26 with a bumper program packed with over 150 insightful speakers, stellar networking events and hotel tours.
Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Do not shy away from revenue management.
Royale Paragon Hospitality Group needed a technology solution that will reduce distribution administration and increase revenue. The ability to update all room rates, availability , and close and open sales immediately across multiple channels without taking too much time was a challenge.
increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2% The lodging industry’s performance is closely linked to economic strength, as there is typically a strong correlation between GDP growth and RevPAR. CBRE now forecasts a 0.5% The forecast includes GDP growth of 2.6%
Skift Take: While AirAsia X is looking closely to contain costs, the airline's greatest learning from Covid has been to maintain a cash buffer for financial resilience and long-term sustainability, providing a safety net to weather uncertainties. Peden Doma Bhutia Read the Complete Story On Skift
When AV systems are down or underutilized, itâs not just an operational failure â itâs a revenue and reputation risk.â AVaStar is changing that conversation. Pop-up and add-on rentals are captured and tracked, increasing ancillary revenue without adding headcount. âOur platform gives them a playbook.
We look forward to working closely with Heritage Hotels and the local team to build on their stellar reputation with the continuation of a refurbishment programme across the portfolio,” Ritch said. As our New Zealand hotels continue to forecast robust revenue growth for the year ahead.”
What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.
From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Lack of skilled staff. Forecasting and budgeting.
That was time-consuming for the team and opened the door to issues such as unintentional overbooking or lost revenue due to delayed rate updates. Equally closing out bookings or adjusting up rates when some dates are getting fully booked out is done from a single dashboard. STAAH fixed these issues.
Close to 1000 industry leaders are set to gather at Sydney’s International Convention Centre this evening to celebrate the brightest stars of the hotel industry at the 22 nd annual HM Awards for Hotel and Accommodation Excellence, sponsored by Sealy Posturepedic.
Key revenue management tasks a challenge Prior to STAAH , implementation of varied pricing approaches (including opening and closing of stock), expansion into new channels effortlessly and creation of more personalised guest experiences to boost guest spend.
Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.
We certainly felt the impact, especially going into March,” says Christopher Ellison, Vice President of Revenue at Brittain Resorts and Hotels, a full-service hospitality management company based in the Southeast region. You just saw a kind of trickle down. Recent data on global tourism arrivals align with this trend. Is it a better view?”
Owned and operated by IMH Columbia LLC, the hotel is close to the Merriweather Post Pavillion outdoor concert venue. As an employer of choice within the hospitality industry, our team will deliver impeccable service to guests and top line revenue growth to its owner. of event space.
Under the exclusive licensing agreement, Accor will receive a percentage of vacation ownership sales revenue as a licensing fee. When the deal closes, which is expected in the first quarter of 2024, the Accor Vacation Club business line will report to Travel + Leisure Co. Travel and Leisure Co.
Bagley joins from Choice Hotels Asia-Pac, where he recently served as Franchise Development Manager, successfully expanding the brands portfolio and contributing to significant revenue growth. We are thrilled to welcome Dean to the team, said BWH Hotels Australasia Managing Director, Rod Munro.
Sydney hotels had much cause to celebrate as 2023 drew to a close with record results achieved in the month of December. Revenue per available room (RevPAR) was AU$241.66, a 15.3% In December 2023, Sydney hotels achieved occupancy of 77.1%, up 9.9% year over year, with an average daily rate (ADR) of AU$313.27, up 4.8%.
As a result revenue was missed and the guest experience in bookings was below par. With STAAH channel manager , the team had greater control over revenue from corporate bookings to last-minute leisure travellers. This helps the revenue team implement dynamic pricing strategies based on demand trends and market movements.
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