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year-over-year, outperforming the chain scales in which the company competes by 60 bps. “Our unique positioning has enabled us to outperform our peers, gain marketshare and emerge stronger even in periods of economic uncertainty. . Choice Hotels International Inc. , million, compared to the same period of 2024.
As a newcomer to the competitive Greek resort market, Ella Resorts understood from the outset the importance of embedding a data-driven revenue strategy to support its rapid growth and diverse property portfolio. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
This growth is fueled in large part by the companys gains in the upscale and upper-upscale segments, which encompass hotel brand debuts in new markets across Canada, the Caribbean, Latin America, Europe, China and Australia. Choice will also enter new markets in the region this year.
Shaking up the mid-scale hotel market, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. Hilton CEO Chris Nassetta notes “We believe the addressable market for the Graduate brand is 400-500 hotels globally.” This news comes amidst a larger trend of consolidation within the hotel industry.
Remaining relevant to guests is key, and those that don’t are at risk of losing marketshare. How have you adapted your sales and marketing strategy to attract these new segments? . Where are your target markets researching and booking their travel? Marketing and distribution strategies need to reflect this. . •
It’s fashionable to suggest that sales and marketing are merging. The truth is that sales and marketing are not merging, nor should they. What Marketing Does. Marketing is one-to-many. Marketing promotes the business, helps position offerings, and advertises. Why People Say Sales and Marketing Are Merging.
The widespread distribution of these projects across numerous markets, coupled with the strong presence of established brands, suggests a confident outlook for the hospitality industry. Hotel projects within the upscale and upper-midscale chain scales are leading the way. 0025 or info@lodgingeconometrics.com.
Strebel, a two-time CEO, was the chairman of Omni Hotels & Resorts in his last role, providing strategic counsel to the company before serving as the company’s former president, chief marketing officer and SVP, sales. I would also like to take this opportunity to thank Chinmai for his leadership and belief in RateGain.
Host Ryan Embree is joined by Director of Marketing Anne Sandoval to talk about how your bed and breakfast property can stay competitive with the rising threats of Airbnb and vacation rentals. Ryan and Anne give tips on how to modernize your B&B’s marketing strategy and optimize your property’s presence online. I wanted to talk to you.
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 marketshare.
In this role, she will spearhead the company’s revenue management strategies, driving profitability and marketshare growth across EOS’ portfolio. Hotel management company EOS Hospitality has appointed Nicole Di Maio-Kennedy as VP, revenue maximization.
HVMG outpaced the industry in RevPAR growth during 2022, as same-store marketshare grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. From new builds and acquisitions to change of management, most of these hotels are in markets in which we are well versed.
Indeed we believe that this change presents a tremendous opportunity for smart hotels to gain marketshare and win new customers, in large part because many in our industry will be caught flat-footed. They’ll continue their marketing behaviors unchanged while wondering why they’re getting their butts kicked all of a sudden.
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. In 2021, the segment outperformed all other chain scales, with occupancy running nearly 20 points higher than all other U.S. segments combined.
Travel demand is very healthy, with RevPAR improving year-on-year across all our markets and exceeding 2019 pre-pandemic peaks for four consecutive quarters. market alone. Brand highlights Luxury & Lifestyle IHG is successfully driving growth and marketshare in the higher fee per key Luxury & Lifestyle segment.
Many of us in sales have long ago recognized that the glut of suppliers shifted some power to buyers due to so many companies competing for their business and marketshare. Improving how you sell makes it easier to scale up results, and leaving salespeople without the tools they need ensures you struggle and prevent better results.
That includes helping us deliver new innovations to hotels such as room upselling, integrated revenue management and mobile housekeeping management, among others, all on a global scale.” ” The post Oracle to bring OPERA Cloud to 2K Wyndham hotels appeared first on hotelbusiness.com.
Neerav Gorasia Pro-invest Group is also scaling up its Revenue Centre capabilities to support all 32 Pro-invest Group and Vista Hospitality Group hotels and restaurants, through sales, marketing, and revenue management.
We’ve assembled a senior team that has collective experience operating more than 400 hotels in every chain scale, from select-service to premium lifestyle, and we look forward to deploying that experience to help more owners achieve superior guest experience, team member engagement and improved bottom lines.”
WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational marketshare product for the global hotel industry. This software is built to evolve and scale with new data sets and property types.” “STR
In 2022, global spend on distribution services reached over $2 trillion , highlighting the massive scale and importance of optimizing distribution operations. Efficient routes and channels allow businesses to get products to market faster. Shared distribution centers with partners streamline operations.
Luxury and upper-upscale posted the only positive chain scale performance during the month, up 2.7% Food for thought Short-term rentals continued to take marketshare in February. Resorts were the only location type to register RevPAR gains in February. Resorts outperformed all other location types, posting the only gain, up 0.9%
A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and marketshare. By developing detailed guest personas, you can better understand your target market and make informed decisions about your hotel’s branding and marketing strategies. Each of these transmits a signal.
Google is taking the hotel industry by storm to gain marketshare and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.
Partner with a technology provider that offers both historical and forward-looking insights so you can better understand what’s coming into your market, and how your performance stacks up against your competitive set. Highlighted as a Skift ‘Megatrend’ this year, the blended travel market hit $497.5
This creates greater economies of scale for our owners, as well as the ability to share relevant best market practices for our regional and general managers, all ultimately providing better financial results and stronger guest satisfaction scores.
As they carve out a niche in the heavily competitive market dominated by international hotel chains, their journey stands as a remarkable testament to resilience, adaptability, and the spirit of innovation. With a projected market value of US$ 47.50 Of this, 53% were in tier 3 and 4 cities."
Podcast host Ryan Embree welcomes the newest addition to the TMG Hospitality Trailblazers series, Mauri Berry, Vice President of Marketing & Digital Strategy at Remington Hospitality! Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check out what’s trending in hotel marketing. So happy to be here.
The luxury travel market was valued at a staggering $241.4 It’s important to note that a luxury travel brand name does not sell itself; it must pair its roster of services with a robust luxury travel marketing strategy to meet customers where they are and stay ahead in the rat race. billion in 2022. Rewards program: Marco Polo Club 2.
provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% marketshare in each, resulting in significant uncertainty as to whether the FTC or courts would ever clear the transaction. Choice’s offer would create the largest U.S. trillion Infrastructure bill.
Will Duffey, Head of EMEA Hotels Capital Markets, JLL Will Duffey is the Head of EMEA Hotels Capital Markets and is based in JLL’s London office. He is responsible for running the European Hotel Capital Markets team, which spans across all the major markets of Europe, covered by a team of 50 sector specialists.
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. The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and marketshare information on a global scale.
This will be true for smaller properties, boutique properties and properties in developing markets, which are often not top-of-mind when people think of the industry’s use of technology. It has helped Yanolja Cloud rapidly increase its marketshare, growing from 39,000 licenses in 2019 to more than 80,000 today.
It’s a full scale business that keeps Markus busy, however he still relishes the chance to get away from the desk, keeping an adventurous spirit and a passion for travel alive. “I The goal is to generate the best possible revenue, to further expand marketshare and to position the property optimally through price.”.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. I moved to the client side, marketing teams first at Walt Disney World, and then with a vacation ownership company also here in Orlando. Before republishing quotes, we ask that you reference the audio. I love my job.
This Little Hotelier review demonstrates how the all-in-one hotel software strives to be a product that grows with its customers so that it’s easier for them to scale their business successfully. For the past three years, they have been awarding our cloud-based hotel management system with their highest honour, the Market Leader.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. Years went by and when I graduated from college, I actually started my career in consumer product brand management and marketing. Before republishing quotes, we ask that you reference the audio.
Marketing Director and Host of the Suite Spot Ryan Embree sits down with a very special guest, Chief Operating Officer of Davidson Hospitality Group, Pete Sams! Ryan Embree: Welcome to Suite Spot, where hoteliers check in and we check out what’s trending in hotel marketing. I’m your host, Ryan Embree.
In this installment, viewers will get a clear breakdown of what makes Aperture Hotels so unique and a one-of-a-kind hotel brand, along with a plethora of information covering some of the most pressing topics in hospitality and hotel digital marketing. Tune in now! Episode Transcript Our podcast is produced as an audio resource.
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