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All Eyes on Operating Costs: Lessons Learned in 2024 and Cost-Control Advice for 2025 

Lodging

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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NYU Conference: STR upgrades 2023 forecast, with ADR and RevPAR set to increase

Hotel Management

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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Rigorous Revenue Management: AI Tech Tools Take Pricing and Forecasting Accuracy to the Next Level

Lodging

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.

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Otelier Launches Next Generation of TruePlan Platform

Lodging

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.

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Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology

Lodging

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.

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CBRE forecasts modest 2025 RevPAR Growth

Hotel Business

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.

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TUI Extends Profit Streak and Issues 25% Growth Forecast

Skift Blog

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