Hospitality Net

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 234

Casinos Hotel Marketing Market Marketing 234

Hospitality Net

APRIL 9, 2024

In today’s competitive hospitality landscape, hotels are facing increasing pressure to optimize their revenue streams and stay ahead of industry shifts.

Revenue 189

Revenue Digital Marketing Revenue Management Consumer 189

Hospitality Net

OCTOBER 16, 2023

The boutique Seattle hotel Inn at the Market has shown a very strong return on investment (ROI) – increasing revenue by over 500% (full year 2022 vs. revenue through August 2023) – since they started utilizing the marketing capabilities of Amadeus’ Guest Management Solutions early in 2023.

Revenue 182

Revenue Market Marketing ROI 182

Hospitality Net

MARCH 12, 2024

The hotel blends rich culture and traditions with bold design and fearless imagination to create a five-star experience unlike any other. The hotel successfully uses email marketing to help them drive revenue.

Email Marketing 186

Email Marketing Revenue Resorts Market 186

Hospitality Net

NOVEMBER 9, 2023

In the perpetual quest to achieve greater market share, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs). This is where hotel data revenue can help.

Revenue 240

Revenue Market Share OTA Hotels 240

Hospitality Net

APRIL 12, 2023

Hotel email marketing is an essential strategy for hotels to promote their services and increase bookings through targeted and personalized email campaigns. By using email marketing, hotels can connect with potential guests, build customer relationships, and drive revenue growth.

Email Marketing 241

Email Marketing Market Marketing Hotels 241

Lodging

APRIL 19, 2024

hotels have increased at a pace greater than total operating revenue. percent of total revenue in 2019 to an estimated 3.3 As hotels have struggled to recover from the pandemic, any rise in cost ratios is an area of concern for owners and operators. Over the past four years, utility costs at U.S. percent in 2023.

Market 284

Market Marketing Revenue Operations 284

Hospitality Net

FEBRUARY 22, 2024

This article examines Florence’s tourism industry resilience amidst crises, including the COVID-19 pandemic, analyzing key performance indicators such as airport statistics, hotel supply, and operating performance.

Market 246

Market Marketing Tourism Revenue 246

Hospitality Net

JUNE 7, 2023

As the hospitality industry becomes more competitive, the role of the sales and marketing department has never been more crucial. Add in the ever-improving sophistication of revenue optimization and you truly have a fast-moving evolution of the overall sales, marketing, and revenue process.

Revenue 175

Revenue Market Marketing Hotel Marketing 175

Hospitality Net

APRIL 5, 2024

In today’s digital age, effective marketing strategies are essential for hotels to stay competitive and drive direct bookings. One of the key components of a successful digital marketing strategy is paid search advertising, which allows hotels to reach potential guests actively searching for accommodation options.

Digital Marketing 194

Digital Marketing Market Marketing Marketing Strategy 194

Hospitality Net

JANUARY 7, 2024

In the hospitality industry, achieving optimal revenue performance used to be the domain of larger, full-service hotels, with smaller and select-service hotels often left to navigate revenue management independently.

Revenue Management 188

Revenue Management Revenue Management Market Share 188

Hospitality Net

FEBRUARY 22, 2024

In the dynamic realm of hospitality, the role of a hotel restaurant extends far beyond just being a convenience for guests; it is a pivotal touchpoint in the guest journey, a significant driver of revenue, and an opportunity for profound engagement with both local and visiting patrons.

Revenue 205

Revenue Hotels Operations Market 205

Hospitality Net

FEBRUARY 6, 2024

HotelREZ Hotels & Resorts, one of the world’s leading hotel representation companies, has outpaced the market with 52% revenue growth with reservations up by over 42% in the past 12-months.

Market 220

Market Marketing Revenue Resorts 220

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 200

Average Daily Rate Market Marketing Occupancy 200

Hospitality Net

AUGUST 24, 2023

In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.

Revenue Management 244

Revenue Management Revenue Management Market Share 244

Refine

MAY 6, 2024

Your hotel CRM isn’t only the hub for your guest-facing operations. It can also supercharge your hotel’s digital marketing by leveraging real-time guest data to shape your strategy. Maximizing Hotel The post Boost Hotel Revenue with CRM and Digital Marketing Integration appeared first on Revfine.com.

Digital Marketing 52

Digital Marketing Revenue Market Marketing 52

Hospitality Net

SEPTEMBER 26, 2023

As a hotel general manager and restaurant owner, driving revenue growth for your establishment is an important priority.

Revenue 172

Revenue General Manager Market Marketing 172

Hospitality Net

FEBRUARY 9, 2024

Modern consumers expect personalized experiences in many aspects of their lives - from online shopping to streaming services - making it very important that hotels find ways to offer the same level of personalization that travelers expect in their next hotel stay. and boost ongoing profitability.

Market 180

Market Marketing Hotel Marketing Shopping 180

Hospitality Net

AUGUST 21, 2023

IRIS, a global market leader in digital F&B ordering, guest directory and concierge solutions for hotels and restaurants, has been chosen by the five-star Sanderson London to boost in-room F&B revenue and streamline operations.

Revenue 218

Revenue Operations Hotels Market 218

Hospitality Net

JULY 18, 2023

In June 2023, Stephanie Smith, Founder & Digital Matriarch at Cogwheel Marketing, the company behind Cogwheel Analytics spoke with Trevor Grant of Revenue Hub. They discuss the impact to hotels of combining multiple digital marketing datasets.

Digital Marketing 245

Digital Marketing Market Marketing Revenue 245

eHotelier

FEBRUARY 22, 2023

Here are recommendations to help hotels effectively implement total revenue management using market segmentation strategies to improve their overall performance and maximize their revenue and profitability.

Revenue Management 122

Revenue Management Revenue Market Marketing 122

Hospitality Net

MARCH 24, 2024

STR’s global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Demand Calendar

MAY 13, 2024

Revenue performance management encompasses various activities to optimize revenue through strategic pricing, inventory management, marketing, and sales practices. This comprehensive approach ensures that hotels maximize their revenue potential despite market uncertainties.

Revenue 78

Revenue Management Forecasting Revenue Management 78

Hospitality Net

SEPTEMBER 22, 2023

The global online travel market is estimated to be worth an impressive $1 billion in 2030. To get your piece of the pie, you need to cover multiple hotel marketing channels and optimize them for direct booking revenue. The demand is there, but are you capturing your share of it?

Hotel Marketing 236

Hotel Marketing Market Marketing Revenue 236

Lodging

DECEMBER 18, 2023

As of year-end 2022, the average hotel in CBRE’s Trends in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5 This was achieved even though the average hotel had rented 8.2 The revenue increase was largely due to continued improvement in ADR and revenue from other sources.

Revenue 176

Revenue Hotels Market Marketing 176

Hospitality Net

SEPTEMBER 4, 2023

If you are measuring your marketing success today the same way you did last year, you are not providing the value that your external stakeholders and ownership expect and that your internal business partners, like sales and revenue strategy, deserve. Instead, focus your attention on two specific areas:

Market 239

Market Marketing Hotel Marketing Revenue 239

Revinate

FEBRUARY 28, 2024

Customer stories How data from Revinate Marketing helped StayWell Holdings drive A$10M in direct revenue HOTEL TYPE: Group SOLUTIONS USED: Revinate Marketing REGION: APAC Goal Elevate email marketing to drive direct revenue across multiple properties. Strategy Leverage guest [.]

Revenue 98

Revenue Market Marketing Email Marketing 98

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? Flash Report Flash Report presents the summary of hotel performance metrics.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

Revenue Management 88

Revenue Management Revenue Ancillary Revenue Management 88

Hospitality Net

APRIL 28, 2023

The marketing department in a hotel has a crucial role in increasing revenue. Not only has to do with creating initiatives to attract new guests but also with communicating with previous guests and making them come back.

Market 237

Market Marketing Hotel Marketing Revenue 237

Hotel Management

FEBRUARY 13, 2024

Minor Hotels recorded 450% core net profit growth in 2023 compared to the previous year, after reaching a new full-year core revenue record of THB 121.4 Revenue was up 25% on 2022 figures with topline total system sales reaching THB 157 billion (approx. billion appeared first on Hotel Management. billion (approx.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

Hospitality Net

JULY 3, 2023

These hotel marketing tips will help. Guests can’t take advantage of your classes, excursions, and cabana packages if they don’t know these things are available.

Ancillary Revenue 189

Ancillary Revenue Hotel Marketing Market Marketing 189

Hospitality Net

OCTOBER 2, 2023

Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.

Revenue Management 182

Revenue Management Revenue Management Forecasting 182

Travelboom Marketing

MARCH 20, 2024

While a long-term marketing strategy is ideal, sometimes hotels are desperate for an immediate return, especially in times of need. Contact us today for a free personalized consultation for more help driving direct bookings and revenue. This webinar will reveal four methods that impact your bottom line, quickly.

Revenue 52

Revenue Hotel Marketing Market Marketing 52

Cloudbeds

MAY 14, 2024

The integration of Cloudbeds’ property management system (PMS) with both Cendyn CRM and Cendyn Digital Marketing Platform (DMP) provides cross-channel connectivity, digital advertising management, robust marketing automation, and insightful analytics.

Revenue 59

Revenue Digital Marketing Hotels Market 59

Hospitality Net

APRIL 17, 2024

Organizations are able to harness the power of data to gain a deeper understanding of their operations, customer behaviors, and market trends, unlocking competitive advantages.

Revenue Management 246

Revenue Management Revenue Management Operations 246

Hospitality Net

FEBRUARY 2, 2024

Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.2023

Real Estate 130

Real Estate Market Marketing Services 130