All Eyes on Operating Costs: Lessons Learned in 2024 and Cost-Control Advice for 2025
Lodging
MAY 30, 2025
Hotel profit margin, which measures profits as a percent of revenue, is considered a good indicator of the efficiency of hotel operations.
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Lodging
MAY 30, 2025
Hotel profit margin, which measures profits as a percent of revenue, is considered a good indicator of the efficiency of hotel operations.
Hotel Management
JUNE 6, 2023
STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.
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Lodging
AUGUST 8, 2024
When it comes to selecting an RMS, some hoteliers still opt for a […] The post Rigorous Revenue Management: AI Tech Tools Take Pricing and Forecasting Accuracy to the Next Level appeared first on LODGING Magazine.
Lodging
JUNE 17, 2025
BETHESDA, Maryland—Otelier announced the launch of the next generation of TruePlan, its budgeting and forecasting platform. The redesign will include a new user interface that delivers a modern technology experience.
Lodging
JUNE 20, 2025
This requires walking a fine line between minimalist operations and classic hotel service, and […] The post Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology appeared first on LODGING Magazine.
Hotel Business
MAY 16, 2025
CBRE forecasts a 1.3% This represents slightly softer growth than had been anticipated in CBREs February forecast, which projected 2% RevPAR growth, based on a 21-bps boost in occupancy rates and a 1.6% CBREs forecast is predicated on an expected 1.4% annual growth as of the February forecast) and a 2.9% increase in ADR.
Skift Blog
DECEMBER 6, 2023
Skift Take: TUI is keeping an eye on global economic uncertainties, but ending the year with record revenue and a continued strategic shift in how it sells holidays to its customers paints a positive outlook for the company for now. Selene Brophy Read the Complete Story On Skift
Lodging
NOVEMBER 16, 2023
Artificial intelligence (AI) is revolutionizing the hospitality industry by optimizing operations, improving quality and safety, and enhancing the guest experience. AI’s rapid growth can help hospitality brands analyze complex data to make more informed decisions, advance forecasting, increase revenue, and more.
Lodging
JUNE 5, 2023
hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. Hotel Forecast ADR and RevPAR Projections appeared first on LODGING Magazine. percent and 1.3
Lodging
AUGUST 2, 2024
hotels saw their operating efficiency decline as operating expenses increased at a pace greater than revenue growth, resulting in a decline in profit margins. With forecasts of moderate revenue gains for the next few years, hotel owners and operators are very focused on controlling costs. In 2023, U.S.
Hotel Financial Coach Blog
SEPTEMBER 8, 2024
Rolling forecasts are nothing new but I must point out that most hotels don’t use them, and they really should. To start out we need to define how we produce a rolling forecast and point out the best practices around its creation. Without the budget we can’t have a rolling forecast. That’s the part the rolling forecast plays.
Hotel Speak
APRIL 22, 2025
Hoteliers are under mounting pressure to modernize operations and exceed increasingly sophisticated guest demands. In response, hotels are increasingly enhancing traditional hotel software systems by turning to AI agentstask-specific, autonomous systems that augment staff, streamline operations, and personalize the guest journey.
Hotel Speak
APRIL 23, 2025
The solution brings IDeaS robust demand forecast and price sensitivity capabilities together to help hoteliers allocate marketing spend for the greatest impact on incremental revenue. Powered by IDeaS G3 RMS advanced forecasting engine, Spotlight enables teams to proactively adjust strategies and take a surgical approach to demand generation.
Lodging
JUNE 24, 2024
DALLAS—DerbySoft, a leader in high-performance distribution services, announced a new partnership with IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.
Hotel Management
MARCH 4, 2025
In todays unpredictable market, hotel operators face mounting pressure to control costs while maintaining quality guest experiences. SMART COST-CONTAINMENT STRATEGIES With tightening margins and rising operational costs, hotels need smarter cost-containment strategies.
Catala Consulting
JUNE 20, 2025
This approach delivers expert pricing, forecasting, and distribution support while keeping fixed costs low. In this guide, we explain what outsourced revenue management is , when it makes commercial sense, and how to measure its impact on RevPAR, GOP, and forecast confidence. Yes Do forecasts vary wildly or lack structure?
Hotel Business
JULY 1, 2025
GameTime brings together rate optimization, enterprise pricing, forecasting and performance tracking in one streamlined platform. “We Real-time reporting & forecasting: Access performance metrics and demand forecasts up to 365 days out. . Whether general or front desk managers, our staff use it with ease and confidence.
Lodging
JUNE 20, 2023
Another report forecasted that […] The post Five Best Practices to Increase Market Share and Gain Loyal Guests for Resorts appeared first on LODGING Magazine. The good news is that they continue to spend. According to American Express Global Business, during the third quarter of 2022, business travel reached 71% of pre-pandemic levels.
AskSuite
JUNE 9, 2025
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
AskSuite
JUNE 9, 2025
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
Hotel Management
FEBRUARY 25, 2025
The Asia Pacific region is reported to be the fastest-growing MICE market globally, with growth forecast at a CAGR of 10.0% Accor Pacific Chief Operating Officer PM&E, Adrian Williams, said the increased demand for in-person events is evident across the hotel portfolio. from 2024 to 2030.
Little Hotelier
JANUARY 5, 2025
Challenges in managing bookings and operations As a boutique property with eight rooms and two villas, Omah Kayu Bromo initially faced significant operational challenges, particularly in managing booking schedules and room availability. Now the system runs smoothly, and we no longer experience double bookings.
Hotel Management
NOVEMBER 26, 2024
Demand forecasting, rate negotiations, inventory management – stay with us – competitor analysis and pricing strategy can leave even the most seasoned hotelier feeling a little fatigued. No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers.
Hotel Management
AUGUST 15, 2023
In her keynote speech at the 2023 GBTA Convention, GBTA Chief Executive, Suzanne Neufang, admitted the association got the forecast wrong last year – expectations were for a mid-2026 forecast – but there were no complaints about getting it wrong as she was thrilled with the renewed optimistic outlook.
Demand Calendar
MARCH 5, 2025
Operating a hotel without solid answers to core business questions is like flying blind. What is your forecast for the next 1218 months? Look beyond top-line revenue to assess net revenue, gross profit, operating profit, and EBITDA. Knowing this information will help you strategically target and nurture the right business.
Hotel Management
NOVEMBER 19, 2024
Oaks Hotels has shared its forecast travel trends for 2025, based upon an analysis of guest data across its network of over 60 hotels in both bustling cities and scenic coastal destinations.
Lodging
NOVEMBER 6, 2023
“Advance is a set of tools for near real-time rapid response to market changes to capture revenue in an automated way, driving both RevPAR and operational efficiencies. The constant data monitoring identifies triggers and automates room rate increases based on demand, but also optimizes forecast accuracy through leading market indicators.
Lodging
MAY 16, 2025
Designed specifically for the hospitality sector, the platform offers hotel operators visibility and control over their linen operations, driving cost savings, operational efficiency, and enhanced guest satisfaction.
Lodging
SEPTEMBER 26, 2024
In this role, Dvoranchik will oversee all financial operations, including strategic planning, budgeting, forecasting, and financial reporting. In her new role, Martinez will oversee all aspects of KLN’s guest service and dining operations.
Cloudbeds
NOVEMBER 15, 2024
While better than operating without data, this approach is reactive and inefficient, resulting in missed opportunities. In this article, we explore what decision intelligence is and the transformative effect it’s bound to have across demand optimization, segmentation, operations, and training and enablement.
Hotel Business
MAY 11, 2023
has signed a 25-year master lease agreement (MLA), inclusive of two five-year options, to operate the Condor Hotel in Williamsburg, Brooklyn. The company also signed a 15-year MLA, inclusive of one five-year option, to operate the Trinity Hotel in Los Angeles. LuxUrban Hotels Inc. The property has undergone a complete renovation.
Hotelogix
FEBRUARY 27, 2025
With the increasing complexity of hotel operations , having a centralized system that automates reservations, housekeeping updates, and billing processes can make all the difference. The hospitality industry is no longer operating on traditional pen-and-paper methods. How often do billing mistakes lead to guest dissatisfaction?
Hotel Management
SEPTEMBER 25, 2024
Rendezvous Heritage Auckland Rooftop Pool “Auckland and Wellington are key target markets for us, with our Adina and Travelodge brands already well established,” said TFE Hotels’ Group Chief Operating Officer, Chris Sedgwick. As our New Zealand hotels continue to forecast robust revenue growth for the year ahead.”
Hotel Business
JUNE 12, 2025
This robust growth in extended-stay properties reflects both pandemic-accelerated demand for longer-term flexible accommodations and developers’ continued recognition of the operational efficiencies for extended-stay facilities. This anticipated total of 740 new hotels (83,548 rooms) represents a 1.5% annual supply growth rate for 2025.
Hotel Management
NOVEMBER 9, 2023
Simpson said some there are now more flexible franchising options available, such as employing an experienced operating team or hotel asset management company to manage the property, and manchise agreements, where a brand management contract can be converted to a franchise agreement once stabilisation has been reached.
Hotel Speak
JANUARY 28, 2025
Hoteliers face so much pressure to deliver exceptional service while streamlining operations. Why Fragmented Systems Fall Short Managing operations with disconnected tools will just give hoteliers a huge workload. Single-solution platforms harness AI to: Analyze booking trends and forecast demand.
Inn Quest
APRIL 3, 2023
As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.
Hotel Business
JUNE 24, 2025
The “Opportunity Cost” approach developed at the time addressed challenges related to network effects, length-of-stay optimization and unconstrained demand forecasting. For example, stochastic models such as Markov Decision Processes and Monte Carlo simulations are now widely applied to forecast uncertainty and adaptively manage inventory.
Lodging
OCTOBER 10, 2024
The initiative will give leaders at both the property and corporate levels real-time insights, actionable data, and forecasting capabilities to facilitate proactive and agile management.
Hotel Management
AUGUST 6, 2024
Siemens Building X is a digital building platform that digitalizes, manages, and optimizes building operations, improving sustainability and operational performance. Buildings can play a crucial role in meeting their demands, and open digital platforms will be key – for guests as well as operators.
SiteMinder
MARCH 16, 2025
What is a hotel operations manager? A hotel operations manager is responsible for overseeing the day-to-day functions of a hotel, ensuring seamless coordination between departments, maintaining high service standards, and optimising overall efficiency. trillion in 2023, the demand for skilled operations managers has never been higher.
Hotel Speak
APRIL 2, 2025
By combining IDeaS expertise in predictive analytics and pricing with our know-how in hotel management, we are helping our customers to maximize their revenues, optimize their profitability and simplify their day-to-day operations.
Hotel Speak
MAY 14, 2025
By utilizing the power of data, hotels can anticipate demand surges, optimize maintenance operations and enhance the guest experience. Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand. Also Read: Is Your Hotel Ready for the Peak Season?
Hotel Management
AUGUST 21, 2024
The hospitality market is shifting in Japan, particularly with the very strong growth forecast for inbound tourism, creating a number of opportunities,” Nakai said. Partnering with Salter Brothers, brings together exceptional capital, reach and operational capability, providing our partnership a competitive advantage in this market.”
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