Remove Market Share Remove Occupancy Remove Real Estate
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Hotel Business Plan

Xotels

For example in the case of Qbic Hotels “Moving modular hotels into under-utilized real-estate to reduce build-out cost and time.” Reach an annual occupancy of 90%”). The KPIs to look at include expected occupancy, ADR (Average Daily Rate) and RevPAR (Revenue per Available Room). What makes you stand out?

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Investors consider operational aspects of a hotel

Hotelier Magazine

Hotels are an attractive investment as they can be an excellent source of income as well as long-term real-estate value. 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.

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116 – TMG Hospitality Trailblazers: Mauri Berry

Travel Media Group

We are also working to really focus on demand generation and capturing demand and occupancy as it sort of stabilizes and resets to a degree. So for example, you know, we may have some hotels that summertime is their peak travel time and it’s their peak occupancy months. That was a huge initiative for us back in April.

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108 – Hospitality Trailblazers: Linda Saron

Travel Media Group

And before I knew it, he was asking me to pay the real estate taxes and come up with a sales and marketing plan. So a lot of opportunity out there for occupancy for sure. How do you reach travelers digitally and make sure you’re in the best position to capture more market share?

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126 – TMG Hospitality Trailblazers: Charles Oswald

Travel Media Group

So I had to pivot, stepped into some other industries, including managing investments for, uh, you know, some retail office development, had a charter yacht business, and several other interesting deals associated with commercial real estate. Charles Oswald: It was Brighter Minds, marketing minds than mine.