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STR Reports Hotel owners and general managers often sit through revenue meetings where numbers fly fast and jargon flows freely. RevPAR index, ARI, fairshare—these aren’t just buzzwords. In today’s hospitality market, data isn’t optional—it’s your competitive edge. They’re the language of profitability.
Hotel owners and general managers often sit through revenue meetings where numbers fly fast and jargon flows freely. RevPAR index, ARI, fairshare—these aren’t just buzzwords. In today’s hospitality market, data isn’t optional—it’s your competitive edge. They’re the language of profitability.
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?
This new hotel will feature 94 rooms in a four-story prototype. These new locations will provide travelers with the distinct comfort of a full-size living spacecomplete with a full kitchen, dedicated living room and separate bedroomoffering the consistency of a hotel with the livability of an apartment. said Gary A.
Hotel Designs Checking in to Royal Mansour Tamuda Bay Checking in to Royal Mansour Tamuda Bay Sitting on the edge of Africa along Morocco’s tranquil Mediterranean coast is Royal Mansour Tamuda Bay, with interiors by London-based Muza Lab – writer Pauline Brettell steps in to take a closer look at the details connecting the design to the landscape… (..)
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.” Claire tells us more about what first-time visitors can expect.
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
Reading Time: 3 minutes As 2025 approaches, boutique and design hotel groupsespecially those balancing bustling city center hotels with countryside or beach propertiesface a pivotal moment. The post How Boutique Hotels can Reclaim their FairShare from OTAs appeared first on GuestCentric.
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. First, let's kill the myths that hotels follow the same economic theories as any other business. The big question is how you beat the market.
Some differences between hotel guests are obvious, and others are as small as their booking channel preferences or tendency to spend additional money on-site. Careful market segmentation in the hotel industry is a catalyst for understanding these differences and acting on them. What is hotel market segmentation?
A year ago, Mews acquired Bizzon, an innovative POS software, to expand its fintech offering to hotels and their F&B teams. 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.
” But what does that mean for the high-end hotel, a destination whose incredible offerings are designed to allow guests to pause the trajectory that is life, at least for a bit, and do so exceedingly successfully. The mobile pod was then moved to Burgdorf where it lived on Lang and Baumann’s factory roof.
MONTREAL — On August 30th, more than 2,500 workers at 22 hotels in Montreal, Sherbrooke and Quebec City launched a one-day strike to speed up contract talks, reports CBC News. The hotel employees want a 36 per cent pay increase over four years and an end to the use of private employment agencies, among other demands.
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.
Resilient Spirit Manila has faced its fairshare of challenges, yet its people exhibit resilience and strength. With 18 years of experience in the hospitality industry14 of which were spent working in hotels before transitioning to STAAHNancy has worked with international hotel chains such as IHG brands and Dusit Thani International.
VANCOUVER — Major wage increases and more manageable workloads are key features of a new three-year contract with the Fairmont Hotel Vancouver ratified by Unifor members. “Unifor members make the Fairmont Hotel Vancouver one of the most desirable hotels in the country,” says Lana Payne, Unifor national president.
JLL’s Hotels & Hospitality group was recognized with two awards at the 2024 Americas Lodging Investment Summit (ALIS) held in Los Angeles. The sale of the 1,000-room Diplomat was the third largest single-asset hotel sale ever in the U.S. Americas CEO Kevin M. Davis was awarded the Jack A.
Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. Calculating ARI requires hotels to collect detailed room performance data. In this article, we explore what ARI is and how to use it to improve revenue performance.
We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.
SLS Hotels & Residences Image credit: SLS Barcelona Renowned for its stunning coastal setting, rich cultural landscape and exciting nightlife and restaurant scene, the Catalan city is the natural choice for SLS’s first step into Europe. The building has an intriguing and rich story dating back to the 1920’s.
While the location might seem perfect for a thriving hotel business, Resort Terra Paraiso’s journey wasn’t always smooth. They faced their fairshare of challenges. They use eZee Absolute , our hotel PMS, to streamline daily operations and manage hotel activities seamlessly. Sounds amazing right?
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? From our perspective as a hotel management company , we see both challenges as well as opportunities for hoteliers. What is Cost Control in a Hotel?
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Youve got a hotel, right? Well, buckle up, because Im about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and lets dive into the nitty-gritty of how to make your hotel a money-making machine. You can apply the same principle to your hotel rooms.
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.
As a hotel operator, you might have come across STR reports at one point or another. Staying ahead of the competition is essential to the long-term growth of your hotel. Which areas of your hotel are performing well and which do you need to improve? What does STR stand for within the hotel industry? Table of contents.
Battling OTA’s for direct business For over 20 years, hotels have been competing with OTA’s for direct bookings. As hospitality digital marketing has progressed, so have the strategies and tactics used by hotels and OTAs to win customers. The response from hotels has been tragically tepid. How has the industry responded?
We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.
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. Since then, their journey has been uphill.
Stay at a five-star hotel The beautiful country also has its fairshare of exceptional five-star hotels. With its stunning colonial architecture and modern amenities that are sure to take your breath away, the hotel is a true masterpiece. Another great – and unique – option is Hotel Las Islas.
Food and beverage—although lately it’s been more beverage and food—is becoming more and more important in the lineup of hotel amenities. My father was an accomplished architect who grew his business into hotel development. In fact, an engaging, exciting F&B outlet is less of a bonus right now, and more of a necessity.
While the island nation may have its fairshare of challenges, it remains a haven for travelers seeking a trouble-free vacation experience. The post Indulge in Paradise: The Ultimate Guide to Luxury Vacations in the Dominican Republic appeared first on The 5 Star Luxury Hotel Community - PrivateUpgrades.
Ever felt like your charming hotel is hidden in the digital jungle, lost amongst a million other options online? These platforms not only make your hotel more visible to people worldwide but also bring you more chances for direct bookings, all while keeping your costs in check! But what about your hotel?
Moderated by Bruce McAdams, associate professor at the University of Guelph, the panel included Sanjay Venu, regional director of Operations, Earls Kitchen + Bar; Rebecca Gordon, manager of Anita Stewart Food Lab; and Brian Cammack, regional VP of Human Resources, Marriott Hotels of Canada. Venu expressed a similar sentiment.
When you have your list of finalists in hand you’ll have to submit a request for proposal to most of them (especially hotels!) If the hotel or venue sees adequate potential value in your RFP, you’ll receive a proposal outlining their quote as well as the specifics of the services included in that price point.
However, once the music begins and the magnificent Bellagio Hotel and Casino fountains shoot water high in the air, you’ll see why it’s worth it. Where to stay in Las Vegas As you can already guess, Las Vegas also has its fairshare of luxury hotels. Wynn Las Vegas and Encore hotels await you!
If you’re looking for the best hotels in Santorini, you’ll find them here. Corfu also has its fairshare of amazing luxury hotels. On PrivateUpgrades , you’ll find two spectacular hotels that await you in Zakynthos. Here you’ll find the best luxury hotels in Athens.
However, if you’ve already had your fairshare of traveling, it can become tiring. Find the best hotels in Jordan with VIP benefits here. The hotel’s exquisite rooms resemble the delicate glow of a shoji lantern. The hotel is near the charming whitewashed town of Carvoeiro. Nothing seems to impress.
In this episode of the Suite Spot, the head of marketing at Springboard Hospitality, Jason Pirock sits down with podcast host, Ryan Embree, to discuss the incredible Springboard Hospitality brand, exciting hotel developments, social media strategies, and much more. I’m your host, Ryan Embee. Hello everyone. Of Springboard Hospitality.
By Pradip Patel Maintaining healthy competition among hotels is critical for consumers and operators. It ensures guests get the best value for their money and quality customer service, and that all operators earn their fairshare with maximum profitability. A declining guest experience is the second death spiral.
Be sure to catch the debut episode of the all-new Suite Spot: Independent Hotel Show Series. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing.
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