Hotel Business
NOVEMBER 29, 2023
In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. According to Omnitrak , U.S.
Hotel Business
AUGUST 29, 2023
households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, While international destinations are once again on the radars of U.S. travelers, the number of U.S. slightly higher than June 2022 (121.0), and relatively even with June 2023 (123.4) index levels.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Hotel Speak
MAY 14, 2024
The acquisition bolsters the presence of Mews in Germany, bringing significant market penetration of Mews in the market. Following its latest funding of $110m, Mews is accelerating its growth with expansion in key markets.
Hotel Designs
SEPTEMBER 19, 2023
Here’s what we know… Villeroy & Boch and Ideal Standard are a strong strategic fit given their regional presence, sales strategies and product and brand portfolios, laying the foundations for a stronger market position and additional growth. Including the Dining & Lifestyle business, this represents an increase to over 1.7
eZee Absolute
JANUARY 26, 2023
Most of the time, this happens because of the fragile pricing strategies hoteliers set up without analyzing guests’ behavior and insights into the latest marketing techniques. It is how you mold and manipulate your prices according to the market scenario and your guests. Therefore, you cannot just put up the prices and let it be.
Hotel Business
JANUARY 24, 2023
According to 2023 predictions from wireless infrastructure analysts Maravedis, WiFi 6 will continue its fast market penetration due to its ability to “deliver significant KPI improvements, particularly high throughput, reduced latency and better performance in crowded environments.”
Hotelier Magazine
APRIL 4, 2024
Financial Benchmarks The hotel industry uses many financial benchmarks to measure success, including Average Daily Rate (ADR), RevPAR, occupancy and Market Penetration Index (MPI). One resource many organizations and individuals turn to when trying to gain an understanding of a hotel’s market potential is STR Benchmarking. “At
Expert insights. Personalized for you.
64 
Let's personalize your content