Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

Revenue 130

Revenue Revenue Management General Manager Forecasting 130

eHotelier

NOVEMBER 20, 2023

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.

Forecasting 52

Forecasting Average Daily Rate Tourism Revenue 52

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise.

Occupancy 290

Occupancy Tourism Events Accommodation 290

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

Hotel News Resource

AUGUST 11, 2023

For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Hotel Management

FEBRUARY 20, 2024

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors. Trading should recover further, whilst real estate headwinds may ease.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

SiteMinder

MAY 8, 2024

This is according to data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. As more and more travellers are scheduling and booking their stays around major events well in advance, hotels must stay ahead of demand-driving tourism trends.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. Hotels are integrating into various aspects of consumerism by selling retail products online, creating new revenue streams and fostering customer loyalty.

Real Estate 126

Real Estate Consumer Tourism Hotels 126

SiteMinder

MAY 6, 2024

This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Hotels are generating better revenue. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Hotelier Magazine

AUGUST 29, 2023

Canada’s hotel industry reported its highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any month on record, according to CoStar’s July 2023 data. STR and Tourism Economics’ most recent forecast has been upgraded, with full-year ADR expected to be up 8.6 HENDERSONVILLE, Tenn. per cent to 75.6

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

STAAH

AUGUST 22, 2023

Not only does low occupancy result in lower revenue, but it also affects cash flow – sucking out much-needed liquidity for a hotel to pay for ongoing fixed costs. Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it.

Occupancy 77

Occupancy Forecasting OTA Revenue 77

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. in the next 12 months. million people.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotel Business

NOVEMBER 20, 2023

This first-of-its-kind report, produced through a partnership between Sojern and Digital Tourism Think Tank (DTTT) , and supported by Brand USA , Destination Canada and the European Travel Commission , sheds light on the latest industry trends and challenges.

Market 115

Market Marketing Digital Marketing Marketing Strategy 115

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Statista ) Hotel room nights demand and room revenues in 2022 are expected to nearly return to 2019 levels. Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Revenue Management. Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Hotelier Magazine

JUNE 29, 2023

per cent); Average Daily Rate (ADR) came in at $197.10 (up 15 per cent) and Revenue Per Available Room (RevPAR) came in at $136.32 (up 25.7 STR and Tourism Economics launched an updated forecast in June and the new version remains similar to the last, projecting full-year occupancy to return to 2019 levels this year.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Hotel Business

OCTOBER 27, 2023

For full-year 2023, the group is confirming its forecast of net unit growth in the network between 2% and 3%. Consolidated revenue The group reported third-quarter 2023 revenue of 1.286 billion euros ($1.359 billion), up 13% like-for-like (LFL) versus Q3 2022. Hotel Assets & Other revenue was up 10% LFL relative to Q3 2022.

Revenue 72

Revenue Occupancy Services Management 72

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Family travel makes up 30% of global outbound tourism trips. The US tourism sector is worth almost $8 billion.

Travel 52

Travel Accommodation Tourism Hotels 52

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.

Tourism 52

Tourism Business Market Marketing 52

Little Hotelier

FEBRUARY 28, 2024

RevenueGoal As the name implies, RevenueGoal offers hotel website builds that place revenue growth front of mind. An Italian web developer and hotel consultancy, their process begins with a Revenue Check analysis, after which they identify the commercial and sales growth objectives that will form the basis of your website build.

Hotels 52

Hotels Accommodation Revenue Business 52

Social Tables

JANUARY 14, 2022

Exchanges focus around meeting face-to-face with a wide array of vendors, buyers, and mountain tourism suppliers from around the world. The theme of the 52nd Annual Travel and Tourism Research Association International Conference is “Regenerative Tourism: Building Resilience.” Exchanges will be held at the Dobson Ice Arena.

Hospitality 158

Hospitality Events Tourism Business 158

Hotel Business

DECEMBER 23, 2022

The world’s population has spent billions on hotels, cruises, vacation rentals and package holidays every year, and worldwide travel and tourism revenues are forecasted to reach $716.8 Find a vendor that has stock available to make changes now. billion this year, according to Statistica.

Travel 59

Travel Cancellation Revenue Forecasting 59

SiteMinder

SEPTEMBER 12, 2023

An optimal hotel distribution strategy always includes a healthy mix of direct and third-party bookings, with a broad variety of potential revenue streams. Wholesalers do bring up a lot of debate however, and have been a point of contention in the hotel industry due to the potential frustrating drawbacks for property and revenue managers.

Travel 52

Travel Hotels B2B OTA 52

SiteMinder

SEPTEMBER 20, 2022

Travel & Tourism. The travel and tourism sector of the hospitality industry can be seen as an indicator of how the other sectors are going to perform: the more people are enticed to explore as part of tourism campaigns and the more they are on the road to travel, the more of the other services they are going to need.

Hospitality 59

Hospitality Casinos Accommodation Operations 59

Amadeus Hospitality

DECEMBER 20, 2022

To RevenueStrategy360™ , we added a first of its kind market forecasting model. Additionally, Amadeus’ new market intelligence solution Air Traffic Forecast , launched in September, delivers insights across air travel and hospitality, unlocking a 360° view of the traveler’s journey.

Shopping 52

Shopping Services Market Marketing 52

Xotels

NOVEMBER 23, 2023

20+ Revenue Management Tips on How to Increase Hotel Income and Profit Hotel Marketing Plan & Strategies 10 Smart Hotel Cost Control Ideas to Save Money Streamline Your Hotel Operations We guide hotels and resorts toward unparalleled success, positioning them as market leaders.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

20+ Revenue Management Tips on How to Increase Hotel Income and Profit Hotel Marketing Plan & Strategies 10 Smart Hotel Cost Control Ideas to Save Money Streamline Your Hotel Operations We guide hotels and resorts toward unparalleled success, positioning them as market leaders.

Management 40

Management Revenue Management Hotels Operations 40

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Travel Hotels 98