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This simple question can often cut through the Gordian data&knot, and it's for this reason that fairshare continues to be such an effective framework for analyzing hotel performance. Are we beating the competition?
RevPAR index, ARI, fairshare—these aren’t just buzzwords. In today’s hospitality market, data isn’t optional—it’s your competitive edge. Hotel owners and general managers often sit through revenue meetings where numbers fly fast and jargon flows freely. They’re the language of profitability. The STR® report remains.
Tax compliance: States and localities want their fairshare of lodging taxes (often called transient occupancy taxes or TOT). Conduct regular safety inspections and consider third-party certifications such as Airbnb “ verified ” listings, VRHP certification , or the Breezeway Safety Program.
We believe this model, combined with their spacious suites, will allow stayAPT Suites to capture more than their fairshare of the extended-stay market, providing a superior experience for guests and excellent financial performance for our investors. Additionally, reviews consistently show that guests love their experience.
Image credit: Royal Mansour Tamuda Bay Unfortunately I wasn’t there long enough to slow down the aging process in pursuit of longevity, but I was able to spend more than my fairshare of time immersed in the sanctuary of the spa – a beautiful and tranquil setting, which although it might not have turned back time, it certainly felt like it slowed it (..)
She told Hotel Designs Editor Sophie Harper; “While London has its fairshare of industry events, I wanted to create something closer to home that truly celebrates the incredible talent, innovation, and design-led businesses in the region.”
Skift Take: Fake short-term rental listings are indeed an industrywide problem, but Booking.com seems get more than its fairshare of sketchy listings and fraudulent messages to guests. Dennis Schaal Read the Complete Story On Skift
Skift Take: Bali's tourism industry already has its fairshare of challenges, so the last thing it needs is another issue that could hurt its reputation and future. Peden Doma Bhutia Read the Complete Story On Skift
The post How Boutique Hotels can Reclaim their FairShare from OTAs appeared first on GuestCentric. Or are you still overly reliant on OTAs like Booking.com, whose high costs and unpredictable policies might be eating into your bottom line?
Surely, there's a lot brewing but not without a fairshare of challenges. Skift Take: Oyo’s planned expansion into the U.S. comes shortly after the company revived its potential initial public offering plans. Amrita Ghosh Read the Complete Story On Skift
They are not satisfied with their fairshare of the market. Instead, they want to steal market share to increase their profits and give the owners a higher return on investment. Some hoteliers and owners want to beat the market. If you are one of those, this blog post is for you. The big question is how you beat the market.
This proud strategic moment got its fairshare of press: we wrote a lot about why we acquired a game-changing restaurant management platform that offers contactless ordering and QR code payments. A year ago, Mews acquired Bizzon, an innovative POS software, to expand its fintech offering to hotels and their F&B teams.
An additional step is understanding the market segmentation of your local market: knowing what travellers are already staying in your market sets the tone for establishing fairshare and fuels meaningful comparisons as well as realistic outlooks. Fairshare in your market. Want insights delivered straight to your inbox?
I looked at ADR and occupancy to determine if each classification (Luxury & Upper Upscale, Upscale & Upper Midscale, and Midscale & Economy) were capturing their fairshare of the market.
You’ve pursued deals of this magnitude before, and you’ve been fortunate enough to win more than your fairshare. You are working on a deal that is worth $1,000,000 in annual recurring revenue. Why them, should you spend your time preparing and planning for sales calls when you have experience? Let’s start with what a deal is worth.
“[Right now, the hotel industry is making a lot of money, so now’s the time for the most important part] of the hotel, which are the human beings, the women, the men, to have their fairshare of those profits,” said Bergeron-Cyr. The post Hotel Employees Hold Another Surprise Strike Across Quebec appeared first on Hotelier Magazine.
The Diplomat Beach Resort “The Diplomat sale was a remarkable achievement, especially in a year that saw its fairshare of challenges from a capital markets perspective,” added Davis. The sale of the 1,000-room Diplomat was the third largest single-asset hotel sale ever in the U.S.
Resilient Spirit Manila has faced its fairshare of challenges, yet its people exhibit resilience and strength. Mouthwatering Cuisine Filipino cuisine is a symphony of flavors, and Nancys love for Manila is intertwined with its delectable dishes. From sinigang to adobo, the citys culinary scene is a gastronomic delight.
Hotel Everland Image credit: Sabina Lang, Daniel Baumann, Marc-Olivier Wahler and Marc Sanchez Although not a mode of transport, and therefore questionably roving, we think you’ll agree that Hotel Everland has done its fairshare of travelling across the globe and therefore deserves a spot on this list… Representing the subjective dream (..)
“The global pandemic was extremely hard on our members, and now that the industry has bounced back, they deserve their fairshare of the profits.” We held our ground at the bargaining table, knowing the members were supporting us and ready for a strike,” says Kevin Quinn, president of Unifor Local 4275.
When you create value for others, you are entitled to capture your fairshare of the value you created. You don’t have to explain this to your contacts in the unkind terms you might use when you complain to your peers around the water cooler, but you do have to defend the value that you create.
Tourism, if given its fairshare of investment and focus, can play a substantial and unique role within our provincial economy. “I leave TIAO proud of what we have achieved together, safe in the knowledge that those working within the tourism industry have the resolve to continue the fight.
Historically, this is described as “fairshare” of the market performance. By doing competitive benchmarking, hoteliers can assess how well strategies perform over different periods. For instance, a hotel’s base ARI is expected to be 100 compared to the group of competitor hotels.
They faced their fairshare of challenges. Terra Paraiso , a stunning beach resort nestled in this paradise, embodies the Goan spirit. While the location might seem perfect for a thriving hotel business, Resort Terra Paraiso’s journey wasn’t always smooth.
Hotel Designs VIP arrivals: hottest hotel openings in December 2024 VIP arrivals: hottest hotel openings in December 2024 While the year might be drawing to a close, hotels around the world continue to open at a pace, and the December VIP arrivals list includes more than its fairshare of beautiful beaches along with some well-designed city breaks… (..)
Challenges Faced by the Property Operating in a traditional manner, Beach Street Eco Resort & Spa faced its fairshare of obstacles that hindered growth as well as guest experience. The main thing missing was a comprehensive hotel PMS.
Making sure you get your fairshare of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy.
If properties can simply compete for the direct customer, they are going to win more than their fairshare. According to Phocuswhright, 72% of travelers prefer to book their accommodations directly on a hotel’s website. It makes sense - customers don’t want to deal with an intermediary when they can work directly with the property.
I worked in the warehouse and was recruited into the kitchen to help with production at certain times and trust me, I also did my fairshare of dish engineering. To say the least, my father wasn’t too happy with me getting a job at 14. He was pretty upset.
Stay at a five-star hotel The beautiful country also has its fairshare of exceptional five-star hotels. But if you’re looking for a more laid-back experience (which, let’s be real, who isn’t on vacation?), simply soak up the sun and relax at the beautiful beach. Here, every detail tells a story.
While the island nation may have its fairshare of challenges, it remains a haven for travelers seeking a trouble-free vacation experience. Your slice of heaven awaits! Here’s how to experience the Dominican Republic the luxury way. Is it safe in the Dominican Republic?
We have to be smart about how we steal more than our fairshare of the talent that’s out there.” “At the same time, we saw record low unemployment, which is tough combination. We’re still hovering at about a five per cent unemployment rate. Venu expressed a similar sentiment.
You’ll also be working with venue representatives and your fairshare of suppliers, but this is who you can consider your “internal” team. Depending on the size of your event, here are a few team members that can help you handle all the moving parts.
It comes with its fairshare of challenges, but understanding and addressing these hurdles is crucial for your hotel’s success. By seamlessly weaving metasearch strategies into your website, social media, and email marketing, you create a cohesive and compelling narrative that captivates your audience.
However, if you’ve already had your fairshare of traveling, it can become tiring. Traveling is one of the best experiences one can have. You can open up your horizons and discover new parts about yourself you didn’t even know existed. All the places begin to look the same. Nothing seems to impress.
Where to stay in Las Vegas As you can already guess, Las Vegas also has its fairshare of luxury hotels. In fact, this captivating loop promises a taste of the magnificent scenery, allowing you to savor nature’s grandeur at your own pace. Here’s a look at a couple of them.
Corfu also has its fairshare of amazing luxury hotels. These picturesque settlements not only showcase remnants of Venetian architecture but also feature ancient anti-pirate castles, evoking a sense of a bygone era. Find the best options here.
An index number higher than 100 indicates you are capturing more than your fair market share, whereas an index number below 100 indicates you are capturing less than your fairshare. In other words, the higher your index number, the better your hotel is performing.
Making sure you get your fairshare of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy.
With the right approach, hotels can get their fairshare of direct revenue and own valuable guest data that provides insights to take their strategy to the next level. By gathering and analysing guest data from multiple sources hotels can gain insights into guest behaviour and preferences.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit.
The unengaged prospect: The most important sign that you should walk away from the deal is when a prospect isn’t doing their fairshare of the sale. I’ve talked about this before.
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