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Five Best Practices to Increase Market Share and Gain Loyal Guests for Resorts

Lodging

Today’s hospitality markets have new challenges to overcome—especially resorts. No sooner have they begun to regain market share in a post-pandemic world when an economic recession is causing guests to become more cautious of where and when they spend their money and time. The good news is that they continue to spend.

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Forecasting for the hospitality industry

Cloudbeds

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

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Exclusive: Ascott to open Sydney lyf, Oakwood Epping

Hotel Management

“The City of Sydney is a new hospitality market for lyf where we have a first in market advantage in an area with high population growth forecasts for urban professionals.

Retail 246
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McNeill names Katelyn Wiersma regional director, sales

Hotel Business

She advises operational teams on revenue forecasts and long-term sales strategies and supports the hotels in efforts to grow market share. She supports her hotels in developing and converting revenue opportunities in the group, negotiated and event segments. She has more than 15 years of experience in the hospitality industry.

Sales 52
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Luxury Car Market — Industry Trends and Forecasts

MediaBoom

Hence, they take up a larger market share due to growth in the economy across different geographies. Luxury Car Market: Analysis The luxury car market saw a sharp decline in sales and production as the pandemic impacted the spending power of the consumer base, with private vehicle registrations going down by 38.1%

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DerbySoft Launches Strategic Partnership with IDeaS

Hotel Speak

G3 RMS provides DerbySoft with scientific pricing, forecasting, and rate availability decisions at the room type and rate code level to drive optimal revenue performance across guest categories. Enhanced Analytical Insights: IDeaS offers powerful forecasting that uses advanced analytics, AI, and machine learning to predict future demand.

Revenue 105
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HVMG reports record 2022 results

Hotel Business

HVMG outpaced the industry in RevPAR growth during 2022, as same-store market share grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. That outperformance has continued into 2023 with same-store RevPAR growth forecasted to increase 30% over 2022 in the first quarter.