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This acquisition underscores our continued appetite for transactions that offer strong growth potential in both marketshare and asset value,” said Mehul Patel, managing partner and CEO, NewcrestImage.
Bagley joins from Choice Hotels Asia-Pac, where he recently served as Franchise Development Manager, successfully expanding the brands portfolio and contributing to significant revenue growth. We are thrilled to welcome Dean to the team, said BWH Hotels Australasia Managing Director, Rod Munro.
Hospitality Ventures Management Group (HVMG), an Atlanta-based third-party hotel operator and investor, has expanded its executive team with the promotion of Cory Chambers to EVP, chief commercial and analytics officer. The company also promoted Maggie Rosa to VP, operations. Baldwin, a Curio Hotel in downtown Houston.
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
What inspired the Remington brand performance team There were several reasons for building a brand performance team in the beginning, Stan shared. Historically, the service elements of a lot of hotel management companies like ours rely heavily on corporate oversight. They’ve either been a general manager or a department head.
To stay ahead, hotels must evolve from basic room revenue management to a more comprehensive, profit-oriented approach that encompasses all revenue streams and considers the profitability of each customer segment. This blog will outline three critical steps to achieve profit-oriented revenue management.
She returned to Australia in late 2022 after a 7-year tenure in Macau, as the General Manager Sales and Marketing for Sheraton Grand Macao and The St. Hilton said the role is “pivotal to achieving commercial targets and expanding marketshare across Australasia as Hilton continues to grow its portfolio in this crucial region”. “We
This property acquisition adds to its base in the Orlando market, bringing the total to eight properties and 1,521 rooms. With ownership and operation in the Orlando Airport submarket since 1995, Auro is positioned to leverage its sales and revenue management teams to drive marketshare and operating efficiency.
Hospitality management, acquisition and development company PCH Hotels & Resorts has expanded its services to include third-party hotel management services for additional ownership groups. ” The post PCH opens third-party management to additional groups appeared first on hotelbusiness.com.
Peachtree Hospitality Management (PHM) has assumed management of the 105-suite SpringHill Suites Dallas Rockwall in Texas. The assignment is part of PHM’s agreement with TEKMAK Development Company , a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.
“Citadines Walker North Sydney will connect guests with comfortable and flexible accommodation in a blue-ribbon location, and a friendly team of ‘Citazens’ to connect guests with the very best experiences North Sydney has to offer,” said Ascott Australia Managing Director, David Mansfield.
“As the Australian arm of Ascott, lyf Sussex Sydney and Oakwood Epping are part of our proven global strategy that is focused on delivering hospitality solutions that elevate the guest experience,” said Ascott Australia Managing Director, David Mansfield.
In his new role, Wood is responsible for increasing marketshare in the United Kingdom and internationally. McNeill Hotel Company announced the promotion of Kimberly Jensen to general manager of the Homewood Suites by Hilton in Boise, Idaho. Jensen has been in the hospitality industry for over 20 years.
So in the spirit of continued growth for all of us in the crazy world of event planning, we’ve rounded up slideshares of the 12 event management powerpoints (which we’ll abbreviate ppt) that every pro can learn a little something from. Which is part of why, here at Social Tables, we believe “every day is a school day.” Don’t want to watch?
General managers that put more effort into the commercial work in the hotel will likely steal marketshare from the competition. Here are three things that are the top priorities in 2023 for hotel general managers.
The leading cloud-based hospitality solution specialist STAAH has partnered with Revnomix Solutions LLP, a seven-year-old revenue management firm with a Global presence, which provides revenue management services to hotels. The present marketshare of internet retail trade is in excess of 25%, compared to only 12% in the pre-Covid era.
Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare. As Dimitris Manikis, president and managing director EMEA of Wyndham Hotels and Resorts, said recently : “ You have to evolve with a business… consumers two-and-a-half years ago are different from today.”
Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. Another metric to look at is the fair marketshare, obtained by dividing the hotel’s available rooms by the competitors’ available rooms.
InnVentures , a division of Highgate that specializes in the management of premium select-service and extended-stay hotels, has added two hotels to its portfolio. InnVentures will assume management of the Embassy Suites Portland Washington Square in Tigard, OR, and Embassy Suites Seattle Bellevue in Bellevue, WA.
Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.
We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.
Third-party management company Island Hospitality Management has promoted Susanne LoFaso to regional director of operations. The post Island Hospitality Management promotes LoFaso appeared first on hotelbusiness.com.
In HM ’ s 2024-2025 Hotel Development Outlook, EVT Director of Hotels and Resorts, Norman Arundel, talks flexible management models, responding to market shifts and managing volatility. We consistently match, and often exceed marketshare and guest satisfaction standards set by global hospitality businesses.
Revenue management consultancy firm ELEVAT3 has launched a new sales & marketing division to provide tailored branding solutions for hoteliers, naming industry veteran Beth Barris as EVP, sales & marketing to lead the new offering.
Meyer Jabara Hotels (MJH) has taken over management of the 84-room Holiday Inn Express & Suites Carson City in Carson City, NV. MJH began its westward expansion in November 2024 with the acquisition of Griffin Hotel Management. It has allowed us to add another exceptional hotel to our portfolio and grow in the Nevada market.”
EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia. On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
Hotel management firm Stonebridge has appointed David Wahba as VP, sales luxury, lifestyle and resort. ” Wahba said, “I look forward to contributing to the company’s growth by leveraging my experience in luxury, lifestyle and resort properties to drive revenue and marketshare.
Hotel management company Remington Hospitality has appointed industry veteran Ryan Matlock as its new divisional VP, operations. Matlock most recently served as regional VP, operations at Aimbridge Hospitality, where he spent the past 11 years.
What is the marketshare of Travelport GDS? Travelports GDS marketshare sits at around 22% , after Amadeus at 40% (the market leader in Europe) and Sabre at 35% (the leader in the US and Asia). A wealth of acquisitions followed in the subsequent years, most notably Worldspan in 2007.
This has placed pressure on owners of older hotels to refurbish or maintain their properties to remain competitive or lose marketshare. With interest rates expected to reduce in most international markets, economic conditions are expected to improve and as a result tourism, both business and leisure, should bounce back.
She returned to Australia in late 2022 after a 7-year tenure in Macau, as the General Manager Sales and Marketing for Sheraton Grand Macao and The St. Hilton said the role is “pivotal to achieving commercial targets and expanding marketshare across Australasia as Hilton continues to grow its portfolio in this crucial region”. “We
Dreamscape Hospitality has appointed Angela Englett as VP, revenue management. A hospitality veteran with more than two decades of experience, she brings a strong track record of driving profitability, optimizing channel mix and increasing marketshare across diverse hotel portfolios, according to the company.
As a reflection of its leadership within all the areas hoteliers need to be successful onlinedistribution, direct bookings and maintaining an online presencethe company has also taken out the top award in the respective categories of Best Channel Manager, Best Booking Engine, Best Hotel Metasearch Management Software and Best Hotel Website Design.
Banyan Tree Management has relaunched as Aperture Hotels. The new company will continue to provide hotel management services but with an eye on expanding its third-party management portfolio and possible management company M&A. With a bright outlook for hotels ahead, we look forward to growing with the industry.”
She advises operational teams on revenue forecasts and long-term sales strategies and supports the hotels in efforts to grow marketshare. 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.
According to the latest ONS figures 1 analysed by Property Management Software (PMS) specialist RMS Cloud , the STR sector saw a 90.7% increase in the number of businesses, growing from 3,780 in 2013 to 7,219 in 2023 (or 3,430 new businesses).
The total of 146,000 overseas visitors was 3% lower than the comparable period in 2019, representing a strong recovery, led by the UK and New Zealand markets. Our marketing campaigns generated strong interest in, and demand for, the Sunshine Coast and this is reflected in the data coming from Tourism Research Australia.
Some hoteliers and owners want to beat the market. They are not satisfied with their fair share of the market. Instead, they want to steal marketshare to increase their profits and give the owners a higher return on investment. The big question is how you beat the market.
Rational AG has named Tyler Schwarz as managing director of Rational Canada. Schwarz, who served as regional sales manager and later senior Sales director for Rational Canada over the past nine years, brings a wealth of experience and expertise to his new role. MISSISSAUGA, Ont.
First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. The post Meet the marketer that’s steering Australia’s first Moxy hotel to success appeared first on Hotel Management.
Outrigger Resorts and Hotels is looking forward “ with eyes wide open ” , according to President and CEO, Jeff Wagoner, with the business vigilant in its efforts to retain and build marketshare. Here, Wagoner discusses the obstacles and opportunities ahead.
Exclusive: Marriott appoints luxury leader to new dual role Marriott International is sharpening its focus on luxury with the appointment of Krister Svensson as Multi Property Vice President, Luxury Hotels Australia and General Manager at W Melbourne. Neerav Gorasia has been promoted to Director Hotel Performance for Pro-invest Hotels.
Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?
We have led consistently the biggest marketshare for the last 36 months, translating to a commendable 15% growth on our African portfolio, year-on-year, placing us well on track to reach our objective of 150 hotels within the next five years from 100 hotels today,” Rankoussi said.
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