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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. Day-use services and memberships provide additional ancillary revenue streams especially important given the decline in business travel. The post Building customer relevance to grow market share appeared first on Boutique Hotel News.

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Hotel development surge: Thousands of new projects poised to break ground

Hotel Business

Hotel projects within the upscale and upper-midscale chain scales are leading the way. These two chain scales combined account for a substantial majority of projects. To learn how LE can support your business in accelerating revenue growth and expanding market share, reach out to us at 603-431-8740, ext.

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Peter Strebel named RateGain Americas president

Hotel Business

He also played an instrumental role in creating and driving innovative branding, communications, marketing and business development strategies to increase awareness, capture market share and build revenue for the luxury hotel brand.

Scale 98
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Nicole Di Maio-Kennedy joins EOS Hospitality

Hotel Business

Hotel management company EOS Hospitality has appointed Nicole Di Maio-Kennedy as VP, revenue maximization. In this role, she will spearhead the company’s revenue management strategies, driving profitability and market share growth across EOS’ portfolio.

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The Urge to Merge: Why The Hospitality Sector Needs a Prenup

Hotelier Magazine

In hospitality, brand acquisition and partnerships are driven by factors such as the hotels’ desire for rapid and significant growth or the capital markets’ rewards for delivering at scale. Compared to other sectors, however, the industry is still highly fragmented, without a single brand having significant global market share.

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Five predictions for 2023

Hotel Business

The American Hotel & Lodging Association also estimates 2022 hotel room revenue of $188.4 billion, which surpasses 2019 revenue. 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.

Services 116
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Key appointments: Marriott, Hilton, Pro-invest and more

Hotel Management

Luxury hotels drive our highest profit margins and account for a significant portion of our group revenue, and as such are a major component of our expansion strategy.” Pro-invest bolsters sales and revenue capabilites Pro-invest Group has appointed new leaders across sales, revenue and commercial performance.