Xotels

SEPTEMBER 7, 2023

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

Management 52

Management Operations Hotels Market 52

Xotels

SEPTEMBER 7, 2023

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

Management 52

Management Operations Hotels Market 52

Hotel Business

MAY 1, 2024

“Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Group RevPAR in the region rose nearly 5% YOY, with growth in both rate and occupancy.” Incentive management fees totaled $209 million in the quarter, a 4% increase compared to $201 million in the 2023 first quarter. “In the U.S. &

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Cloudbeds

APRIL 9, 2024

Delivering comprehensive value across every aspect of property management. At its core, the Cloudbeds Platform offers: An intuitive property management system (PMS) that empowers teams to boost revenue, streamline operations, and delight guests all within one unified system. Sweeply for housekeeping and task management.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Hotel Business

FEBRUARY 7, 2024

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2019, and management and franchise fee revenues increased 38.5% for the fourth quarter and $4.33 for the fourth quarter and $6.21

Pipeline 115

Pipeline Revenue Branding Occupancy 115

Hotel Business

OCTOBER 25, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% compared to the same period in 2019, and management and franchise fee revenues increased 36.4% .” For the three months ended Sept. compared to the same period in 2022.

Pipeline 59

Pipeline Occupancy Revenue Branding 59

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. Hotel franchising segment revenues grew 12% compared to fourth-quarter 2021 and 16% for the full year. and 9% internationally.

Pipeline 59

Pipeline Revenue Construction Services 59

Hotel Business

JULY 26, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1% compared to the same period in 2019, and management and franchise fee revenues increased 30.8% billion and $2.6 compared to the same period in 2022. from the same period in 2019.

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Pipeline Revenue Occupancy Branding 98

Hotel Business

JANUARY 24, 2024

Hotel Business spoke with renovation and repositioning specialist Tallal Bhutta, a leading authority on executing hotel conversions, and founder/CEO of BDB Construction Enterprise, who discussed the benefits of hotel conversions. How should hoteliers manage those? Where should hoteliers begin? Why should hoteliers look to conversions?

Construction 59

Construction Hotels Shopping Occupancy 59

Hotel Business

FEBRUARY 15, 2024

Internationally, YOY RevPAR growth for both the fourth quarter and the full-year was primarily driven by higher occupancy levels. Operating Results Fourth-quarter 2023 Fee-related and other revenues was $320 million compared to $310 million in fourth quarter 2022 reflecting global net room growth as well as higher license and ancillary fees.

Pipeline 72

Pipeline Revenue Market Marketing 72

Hotel Business

NOVEMBER 2, 2023

Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise.” Group and business transient saw mid-single-digit hotel revenue gains in the quarter, largely driven by rate increases. Of our record 557,000-room pipeline, 43% is under construction.”

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Pipeline Construction Revenue Operations 69

Hotel Business

APRIL 27, 2023

Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. On a comparable basis, fee-related and other revenues increased 11% YOY, primarily reflecting global RevPAR growth of 9%, higher franchise fees and incremental license fees.

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 Nearly half of all Expedia members belong to one loyalty program or another,” said area manager Shannon Saines, “and some as many as nine programs. Similarly, it will further eliminate the use of paper and open up resources to drive revenue.

Tourism 130

Tourism Hotels Real Estate Construction 130

Hotel Business

JULY 27, 2023

Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. On a comparable basis, adjusted EBITDA increased 8% YOY primarily reflecting higher fee-related and other revenues. per diluted share, in second-quarter 2022.

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Business

MAY 2, 2023

First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter. . & Canada and 63.1% “We are off to a great start in 2023.

Pipeline 105

Pipeline Forecasting Construction Market 105

Hotel Business

FEBRUARY 14, 2023

With the exception of Greater China, RevPAR in all regions more than fully recovered and continued to show meaningful advances in occupancy and ADR. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. & worldwide, 23.6% in the U.S. & worldwide, 5.2%

Pipeline 98

Pipeline Forecasting Revenue Market 98

SiteMinder

DECEMBER 1, 2022

What are the reasons to seek out hotel management and consulting firms? Hotel management and consulting go hand in hand in a number of situations that warrant the support of someone not full-time employed by the hotel. Asset management. New construction design. MBB Management. Acquisition and development.

Hotels 59

Hotels Business Occupancy Hospitality 59

Hotel Business

APRIL 26, 2023

Overview For the three months ended March 31, systemwide comparable RevPAR increased 30% compared to the same period in 2022, due to increases in both occupancy and ADR, and management and franchise fee revenues increased 30.1% compared to the same period in 2022. from the same period in 2019.

Pipeline 59

Pipeline Construction Revenue Occupancy 59

STAAH

MARCH 14, 2023

This includes addressing any negative feedback in a professional and constructive manner. How can a hotel channel manager help in managing my Airbnb Listing? With a single login, you can manage all your multiple listings, bookings, and reviews. Find out more here Did you know?

Management 74

Management Hiring Services Marketing Strategy 74

Hotel Business

APRIL 24, 2024

Additionally, of the rooms in the development pipeline, 229,700 were under construction and 267,900 were located outside of the U.S. .” Other first-quarter highlights include: Diluted EPS was $1.04, and diluted EPS, adjusted for special items, was $1.53 compared to the same period in 2023. For the three months, diluted EPS was $1.04

Pipeline 64

Pipeline Branding Construction Occupancy 64

MediaBoom

MARCH 14, 2024

Explore how these 15 services can elevate your property’s online presence, drawing in more visitors and boosting revenue: 1. This direct interaction not only boosts your revenue by cutting out the middleman but also allows you to establish a direct line of communication with your guests from the outset.

Digital Marketing 93

Digital Marketing Services Market Marketing 93

Boutique Hotel News

OCTOBER 27, 2022

Construction costs are crippling which is making development a huge challenge. Whilst revenues are up, costs are being squeezed. Airport hotels are also being offered government contracts to house refugees, which could result in high occupancy levels. . It’s a stagnant market, and we need the market to move.

Hospitality 52

Hospitality Real Estate Hotels Events 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. Hoteliers must find ways to manage and respond to RFPs in a way that makes them stand out from competing lodging businesses. But how can you win more group business ?

Business 52

Business Events Hotels Sales 52

Hotel Business

NOVEMBER 7, 2022

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. Total revenues increased 28% to $414.3 million revenue contribution from Radisson Hotels Americas. million revenue contribution from Radisson Hotels Americas.

Pipeline 52

Pipeline Revenue Branding Scale 52

MBA Hotels

SEPTEMBER 12, 2018

According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. Major renovations and PIPs require skills to manage timing and storage of product deliveries as well as managing potential cash flow shortfalls should the renovation take longer than expected.

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Net Operating Income Average Daily Rate Closing Hotels 40

SiteMinder

SEPTEMBER 8, 2022

As guests transition between areas, there should be ease and space for all occupants to move smoothly. However, when planning how a room is used, it also includes accounting for maximum occupancy, interconnectedness, and accessibility. In your hotel room, this may mean enough nightstand space for two or more. Premium or Superior room.

Occupancy 59

Occupancy Hotels Upsell Business 59

Cloudbeds

DECEMBER 12, 2023

Women in the global hospitality industry, from general managers, owners, sales executives, and advisors looking to connect with fellow professionals and share revolutionary ideas for personal and professional success. This includes hotel owners, franchisees, hotel management companies, financiers, consultants, designers, and lawyers.

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Tourism Events Hotels Operations 98

Clock Software Hospitality

FEBRUARY 2, 2021

Read more: How to Maximize Hotel Revenue During an Occupancy Drought Creating a sustainable hygiene model can help resolve both of these issues. Energy-saving costs tend to involve a more complex set of improvements; the overall trend, however, leans towards the construction of the space itself.

Hospitality 52

Hospitality Services Upsell Business 52

Travel Media Group

MARCH 27, 2024

And I do think that is an interesting trend that we’re seeing right now because some markets, like, Miami and Nashville, we actually spoke to an asset management company that has a couple assets in Nashville saying that they were running so hot that the growth is just not there like it used to be. First it was traveling nurses.

Hotels 78

Hotels Events Market Marketing 78

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. Partnerships of this kind also serve as an additional revenue stream and can help to drive brand loyalty. billion in 2022.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Travel Media Group

OCTOBER 12, 2022

They actually were in the construction business. They got into the hotel management business because they were doing what they were doing very well. There’s still Coakley Williams Construction Company that was bought by one of the Coakley sons. They met, on a rainy day through a mutual acquaintance. They shook hands.

Hospitality 52

Hospitality Business Travel Digital Marketing 52

Travel Media Group

NOVEMBER 16, 2022

And we just made a promise to them that we would always be there for you and we will do what we say we are going to do and just try to increase their revenue with, you know, fairness and kindness. You built a bank of business that would cover about half your occupancy. How do I do this without giving up all of my revenue structure?

Hospitality 52

Hospitality Market Marketing Travel 52