Hotel Business

MAY 21, 2025

Our Days Inn brand has improved from 110% to 120% in fair market share. Echo Suites by Wyndham is helping us enter new segments and markets. Simplified sourcing solutions Great guest experiences start with well-run operations and Wyndham is investing in both. La Quinta is trending at its highest levels ever.

Branding 59

Branding Dining Marketing Market 59

Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit. Food for thought Short-term rentals continued to take market share in February. drop in demand.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Boutique Hotel News

MARCH 24, 2023

Boutique hotel groupings averaged 58 to 65 per cent occupancy in 2022. This is compared to all US hotels at 63 per cent occupancy. Whilst occupancy levels have not fully returned to 2019 levels, strong rate increases compared to the previous year have enabled most class groups to achieve RevPAR recovery. .

Occupancy 98

Occupancy Hotels Market Share Revenue 98

Little Hotelier

AUGUST 12, 2024

Efficient hotels use systems and procedures to streamline operations. That’s where hotel operational efficiency comes in. When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your market share. Creating an efficient hotel is simply good business.

Average Daily Rate 95

Average Daily Rate Revenue Occupancy Operations 95

Hotel Business

JANUARY 9, 2023

2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. We expect it will continue to be a main driver in the market heading into 2023, particularly as demand for these accommodations soars and labor remains expensive and in short supply. By Shilpan Patel.

Services 116

Services Revenue Occupancy Travel 116

Cloudbeds

JULY 4, 2024

This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. Calculate your property’s ADR, RevPAR, and occupancy rate. How is ARI calculated?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Hotelier Magazine

APRIL 4, 2024

CBRE’s Canadian Hotel Industry Outlook Report (Q3 2023) projects strong and stable occupancy and Revenue Per Available Room (RevPAR) growth for the Canadian hotel industry through to 2027. Occupancy is projected to remain at a profitable 66 to 68 per cent, with RevPAR growing to $140 by 2027. We also factor in renovation costs.”

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the cornerstone of successful hotel operations. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Examples of advanced KPIs include revenue per available room (TrevPAR) and gross operating profit per available room (GOPPAR).

Operations 40

Operations Revenue Management Occupancy Revenue 40

Catala Consulting

JULY 13, 2022

But many hoteliers (both small and large) struggle with high operating costs. It is even more challenging for new hotel owners, as they do not yet know how to balance having a minimal operating cost and maximizing profit. The article contains a comprehensive breakdown of hotel operating expenses and how to cut them down.

Operations 52

Operations Hotels Revenue Revenue Management 52

Hotel Speak

SEPTEMBER 26, 2024

Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push. billion in 2024 to $1,932.73

Marketing 104

Marketing Market Hotels Forecasting 104

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Business

AUGUST 9, 2023

Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 year to date, significantly surpassing 2019 benchmark levels. Stachler added, “With our strong occupancy premiums, we will continue to look at ways of maximizing our ADR across all market segments.”

Market Share 52

Market Share Revenue Occupancy Hotels 52

Amadeus Hospitality

FEBRUARY 28, 2023

Implementation of Amadeus’ Demand360® solution will provide leading international lodging owner-operator, The Ascott Limited (Ascott), with access to forward-looking booking data to enable strategic growth March 1, 2023 – As travel continues to return across the world, hoteliers must consider how to stand out amid increased competition.

Business 59

Business Occupancy Revenue Market Share 59

SiteMinder

AUGUST 1, 2024

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Hotelier Magazine

MAY 16, 2023

WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational market share product for the global hotel industry. The first release of STR Benchmarking focuses on property-level data and analytics for hotel owners and operators with enhanced functionality built on the foundation of the renowned STAR Report.

Average Length of Stay 52

Average Length of Stay Market Share Scale Occupancy 52

Hotelogix

AUGUST 6, 2024

You must also negotiate better rates with suppliers and streamline operations to cut unnecessary expenses. Increasing your Hotel's Market Share Growing your market share requires strategic marketing and distribution efforts. Train your staff to identify and capitalize on upselling opportunities.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. The RevPAR metric helps in evaluating the hotel’s operational performance.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Hotel Business

OCTOBER 26, 2023

Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. economy brands gained market share of 100 basis points in the third quarter. The company’s U.S.

Pipeline 64

Pipeline Market Share Branding Revenue 64

Hotel Business

AUGUST 8, 2023

.” H1 highlights include: Americas H1 RevPAR up +11% YOY, EMEAA +42% and Greater China +94%, reflecting the differing levels of travel restrictions that were still in place in H1 2022 ADR up +7% vs. 2022, +11% vs 2019; occupancy up +9% pts vs 2022, just 1.3% pts lower vs. 2019 Gross system growth +6.3%

Branding 98

Branding Pipeline Scale Resorts 98

Hotel Business

OCTOBER 24, 2024

economy brands continued to strengthen their position, gaining 50 basis points of market share in the third quarter driven by performance in oil and gas markets, which grew 250 basis points in the quarter, and in the five states with the highest infrastructure bill spend, which collectively grew 80 basis points.

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

Hotelier Magazine

OCTOBER 10, 2024

The need for agility, innovation, and a strong understanding of local, regional and global trends is more critical than ever,” says Martin Stitt, SVP of Operations, Hotel Equities (HE). The move marked a significant milestone as HE built a regional team of experts in market and implemented its operational platform in Canada.

Hotels 52

Hotels Marketing Market Services 52

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. But what are they all about? Index numbers in an STR report. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. Furthermore, by receiving the reservation’s Virtual Credit Card (VCC) details in the PMS, hotels can streamline the payment process, improving operational efficiency and guest satisfaction.

OTA 101

OTA Hotels Revenue Marketing 101

STAAH

JULY 8, 2024

Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. Here’s a comprehensive guide to help accommodation providers optimize their efforts and maintain steady occupancy rates during economic downturns. Personalized Services: Use data to personalize guest experiences.

Digital Marketing 52

Digital Marketing Accommodation Marketing Market 52

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. In comparison to 2022, occupancy was 65.7

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline Hotels 52

Amadeus Hospitality

JUNE 27, 2023

The insights provide a clear snapshot of hotel occupancy and booking trends, along with information on which sectors are meeting, group size, and the size of their meeting space. Our ultimate goal is to give hoteliers and DMO/CVBs all the tools they need to develop strong marketing and revenue strategies to increase their market share.”

Business 52

Business Hospitality Events Average Daily Rate 52

Boutique Hotel News

APRIL 18, 2023

AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. Perhaps that could be a revenue management solution to increase occupancy rates and optimise revenue.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Xotels

AUGUST 15, 2022

Hotels in vacation markets for many have been influenced (indoctrinated) by tour operators on how to manage their property. Unfortunately, the average occupancy per person per room was actually 20% lower than normal, which made it impossible to reach the total revenue target, because the average room rate was totally off.

Marketing 59

Marketing Market Hotels Target Marketing 59

SiteMinder

JUNE 24, 2024

For hotel owners and operators, Atrápalo hotels offers an extranet that allows them to manage their listings, update availability, and access valuable insights to maximise their bookings and revenue. Our team quickly learned to navigate the new system and today, we’re operating seamlessly.” The setup was super easy. The answer is yes.

Hotels 52

Hotels Revenue Accommodation Travel 52

Travel Media Group

SEPTEMBER 6, 2023

This episode contains valuable information for hoteliers looking to make better operational and strategic decisions for their hotels as the end of the year approaches while closing out the year strong. We’re gonna express, you know, maybe why that is. Seasonality has a lot to do with it, right? I mean, again, busy season.

Travel 98

Travel Services Market Marketing 98

SiteMinder

MAY 18, 2022

The goal is to generate the best possible revenue, to further expand market share and to position the property optimally through price.”. With this in mind hoteliers should look at how they can centralise their operations under one roof to increase efficiency and growth potential. This is frustrating. EUR in one month.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

MediaBoom

AUGUST 6, 2024

A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and market share. It also covers your music, accent and attitude, promotional campaign, and any social media or marketing emails to gain loyal customers. Each of these transmits a signal. Think about it! Still Have Questions?

Branding 98

Branding Hotels Services Marketing 98

Travel Media Group

JULY 6, 2023

We talked about this on this podcast about how to attract Gen Z and how to capture market share from Gen Z travelers. This is a great way to spin this as going green sustainability, but it’s certainly more efficient on the operating budget from a hotelier standpoint there. But the sh the conversation then shifted to Gen Z.

Hospitality 97

Hospitality Travel Events Market 97

Bookassist

NOVEMBER 4, 2022

We know from our operations that Polish hotels were concerned coming into 2022 because forward bookings were weak, but what did the IGHP reports and your own data show for the summer months and since? That takes time, building brand awareness in a new market. We know we need to build trust and bring clear results to our hotel partners.

Marketing 52

Marketing Market Management Sales 52

Catala Consulting

AUGUST 30, 2022

A few metrics to include in your SWOT analysis include: Average daily rate Sales circle length Event Activity Web traffic percentage of direct bookings Percentage of occupancy Revenue per available room Customer feedback, comments on social media, online reviews, and feedback.

Hotels 52

Hotels Average Daily Rate Business Revenue 52