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.” Owned, leased and other revenue, net of direct expenses, totaled $71 million in the quarter, compared to $75 million in the year-ago quarter.

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Hotel Management

MAY 2, 2023

New data from STR shows that the city had its best month on record for hotel occupancy in March with an average of 8,376 room nights occupied each night of the month, creating an all-time high of more than $60 million in revenue.

Hospitality 130

Hospitality Events Real Estate Pipeline 130

Hotel Business

APRIL 12, 2023

Speaking about the drivers behind this performance, Thomas Magnuson, CEO, Magnuson Hotels, said that this is a direct result of the company’s unique OTA-alternative distribution strategy designed for enhancing occupancy levels as well as its Fair Franchising policies that ensure owners retain a higher percentage of revenue.

OTA 59

OTA Revenue Construction Occupancy 59

SiteMinder

APRIL 17, 2024

You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods. Robust data and analytics to guide your revenue management strategy. Turn up the heat on your revenue with SiteMinder Hotwire can be seamlessly integrated with SiteMinder. It’s a win-win situation.

Hotels 52

Hotels Revenue Revenue Management Occupancy 52

Boutique Hotel News

JUNE 28, 2023

UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at its Piccadilly property. The additional 20 rooms at Z Piccadilly will increase the hotel’s total room count to 132.

Occupancy 52

Occupancy Hotels Construction Consumer 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% compared to the same period in 2019, and management and franchise fee revenues increased 33.1%

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% compared to the same period in 2019, and management and franchise fee revenues increased 31.3%

Pipeline 59

Pipeline Occupancy Revenue Branding 59

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. Where should hoteliers begin? Why should hoteliers look to conversions? Tallal Bhutta (Photo: Erik W.

Construction 59

Construction Hotels Shopping Occupancy 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% compared to the same period in 2019, and management and franchise fee revenues increased 28.7%

Pipeline 98

Pipeline Revenue Occupancy Branding 98

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

OCTOBER 26, 2023

leisure demand, and international occupancy continued to recover. Adjusted EBITDA increased 5% to $200 million primarily reflecting higher fee-related and other revenues as well as marketing fund variability. Approximately 80% of the pipeline is new construction, of which approximately 34% has broken ground. infrastructure bill.

Pipeline 64

Pipeline Market Share Revenue Branding 64

Hotel Business

MARCH 1, 2024

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% As global hotel development slows amid rising construction costs, brand platform acquisitions are expected to drive shareholder value and become a major focus for investors over the long term.

Real Estate 64

Real Estate Hotels Travel Branding 64

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. billion to $1.41

Pipeline 52

Pipeline Revenue Construction Branding 52

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

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. billion to $1.41

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 It was not overlooked that in view of the general rising costs of construction, it was more pronounced in the regions, prompting Wesley Milsom of Salter Brothers to remind us of the practicality of modular construction. South Australia is the place to be,” she said.

Tourism 130

Tourism Hotels Real Estate Construction 130

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

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

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

SiteMinder

DECEMBER 1, 2022

New construction design. The direct outcomes of engaging a hotel consulting firm vary based on the assignment, however most outcomes also affect business growth, revenue, and occupancy. Seeking support with branding, marketing, HR or other specific divisions. Re-designing facilities such as public spaces. Asset management.

Hotels 59

Hotels Business Occupancy Hospitality 59

Hotel Business

FEBRUARY 21, 2023

Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In Intercontinental Hotels Group (IHG) reported RevPAR for the Americas was up 3.3% for full-year 2022 vs. 2019. “It’s particularly pleasing that in the second half of the year, we exceeded 2019 levels for both RevPAR and profitability. .”

Pipeline 52

Pipeline Scale Occupancy Resorts 52

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

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

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 64

Digital Marketing Services Market Marketing 64

Hotel Business

FEBRUARY 9, 2023

and 42.5%, respectively, compared to the same periods in 2021, due to increases in both occupancy and ADR. 31, 2022 compared to the same periods in 2021, fee revenues increased 30% and 45%, respectively. .” Highlights: Diluted EPS was $1.21 for the fourth quarter and $4.53 for the fourth quarter and $4.89 31, 2022 increased 7.5%

Pipeline 52

Pipeline Branding Revenue Construction 52

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. 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

Hotel Business

FEBRUARY 15, 2023

reported total revenues of $1.4 ” Q4 and full-year 2022 highlights Total revenues reached a company record of $1.4 million in total revenues. and a 130-basis-point increase in occupancy levels compared to fourth-quarter 2019. million revenue contribution from Radisson Hotels Americas. RevPAR increased 20.4%

Revenue 59

Revenue Pipeline Branding Scale 59

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

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.”

Pipeline 69

Pipeline Construction Revenue Operations 69

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

Cloudbeds

DECEMBER 12, 2023

Prospective and current glamping owners and operators interested in generating new revenue streams and doing more to capture the visitor’s imagination. Contact industry leaders to learn everything from marketing strategies to finance and new technologies available. Who should attend? Why attend? Who should attend? ” 14.

Tourism 98

Tourism Events Hotels Operations 98

Cloudbeds

APRIL 9, 2024

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. Employ strategic upselling solutions to maximize revenue through tailored guest offers and promotions. Smart door locks. Room controls.

Upsell 52

Upsell Revenue Management Operations Revenue 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

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. They met, on a rainy day through a mutual acquaintance. They shook hands.

Hospitality 52

Hospitality Business Travel Digital Marketing 52

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. ” P S.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. This breadth of knowledge infuses fresh perspectives.

Management 52

Management Hotels Operations Market 52

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. This breadth of knowledge infuses fresh perspectives.

Management 52

Management Hotels Operations Market 52