Hotel Operations

FEBRUARY 12, 2023

Imagine working in operations at some of the leading hotel companies in the world, and then having the chance to start all over with a blank canvas in a role leading operations for a new brand. It’s a fundamental principle that you have in every hotel operation. What would you do? Or the division between rooms and F&B.

Operations 52

Operations Real Estate Hotels Revenue 52

Hotel Business

JANUARY 25, 2024

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.

Real Estate 126

Real Estate Consumer Tourism Hotels 126

Hotel Business

FEBRUARY 29, 2024

Additionally, by offering attractive member perks, the program can help increase occupancy; customer engagement and retention; and customer satisfaction. Elevated Returns provided investors with access to ownership of prime real estate assets, enabling greater liquidity and diversification in investment portfolios.

Real Estate 59

Real Estate Resorts Hotels Occupancy 59

Hotelier Magazine

APRIL 27, 2023

Moderated by Rob Kumer, president & Chief Investment Officer, KingSett Capital, What a Magical Mystery Tour explored how the Canadian hotel sector compares to other real-estate classes and why hotels are fundamentally strong amidst a looming recession and shifting interest rates. & Big Moose Realty.

Real Estate 52

Real Estate Hotels Occupancy Resorts 52

Hotelier Magazine

JANUARY 23, 2024

Franchised hotels, which are generally owner operated, are typically more agile and responsive to this kind of change than managed hotels, which tend to be larger full-service or luxury properties, says Duff. The efficiency you can achieve by taking control of the operating model has become paramount in the current environment,” she says. “The

Real Estate 59

Real Estate Branding Hotels Operations 59

Hotel Business

AUGUST 3, 2023

Net income in the second quarter of 2022 included $251 million of gains recognized on the sales of real estate. Comparable owned and leased hotels operating margins were 26.2% Higher occupancy and food and beverage revenue mix led to higher costs, and impacted owned and leased margins when compared to 2022.

Real Estate 52

Real Estate Pipeline Occupancy Revenue 52

Hotel Speak

FEBRUARY 3, 2024

Sustainability Efforts Energy-saving smart occupancy sensors are installed in the guests’ rooms as part of the energy conservation initiatives. A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator.

Real Estate 91

Real Estate Scale Accommodation Branding 91

Hotel Business

AUGUST 9, 2023

Additionally, at more than 80%, the hotel exceeds the market’s overall average occupancy rate of 70%. This is the second major real estate investment in the San Francisco Bay area by BH Properties in the past 45 days. In June, the firm acquired the 60-acre Holy Names University in Oakland, CA, which ceased operations in May. “We

Real Estate 52

Real Estate Retail Occupancy Tourism 52

Hotel Business

JANUARY 24, 2023

Having weathered the past several years of unexpected/unprecedented intense disruption, stalwart owners/operators/developers/brands are up for any positive news and, according to industry experts, there is some to welcome. we expect margins to compress, but higher rates and higher occupancy levels should help shield profit increases.”

Average Length of Stay 69

Average Length of Stay Occupancy Real Estate Travel 69

Hotel Business

JUNE 22, 2023

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

Hotel Business

NOVEMBER 17, 2023

“The newly announced development promises to redefine the very essence of hospitality and residential opulence,” said Patel, cofounder/co-CEO, WOW Resorts, which will own and operate the properties. Not only is it excellent in terms of occupancies, GOPs and NOIs, but It checks all the boxes.

Resorts 59

Resorts Real Estate Tourism Occupancy 59

Hotel Business

NOVEMBER 2, 2023

Comparable owned and leased hotels operating margins were 23.5% Operational update A record level of total management, franchise, license and other fees of $250 million were generated in the third quarter of 2023 driven by continued strong global top-line performance and net rooms growth. in the third quarter of 2023. As of Sept.

Real Estate 59

Real Estate Pipeline Intent Closing 59

Hotel Business

MAY 4, 2023

Comparable owned and leased hotels operating margin improved to 25.9% Operational update In the first quarter of 2023, the RevPAR recovery continued to be powered by ADR growth, up 12% on a constant currency basis, while occupancy improved 1,400 basis points as compared to the same period in 2022. in the first quarter of 2023.

Real Estate 59

Real Estate Pipeline Management Travel 59

Boutique Hotel News

NOVEMBER 14, 2022

Ireland was a surprising addition to the list of countries with high occupancy levels, in this case a result of housing refugees. Lauren Okada, SVP real estate investments at Brookfield Asset Management, chimed in to highlight how the company diversifies through its investments rather than revenue.

Events 64

Events Real Estate Dining Revenue 64

Boutique Hotel News

OCTOBER 27, 2022

The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. It’s a good time to get involved with value-add projects, but it’s worth considering these barometers.

Hospitality 52

Hospitality Real Estate Hotels Events 52

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 Dora Stilianos of Baker McKenzie moderated the next Operators Outlook panel where – again – the staff and training challenges were raised from the outset by IHG’s Matt Tripolone. South Australia is the place to be,” she said. His airline, by the way, is adding new planes.

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Tourism Hotels Real Estate Construction 130

Hotel Business

OCTOBER 17, 2023

WorldSafe’s findings are free of charge and allow hoteliers to focus on their responsibilities and day-to-day operations. Positive online reviews from this can boost occupancy rates and revenue. Safety is of particular concern in hospitality, due to the high amount of activity that leads to liability, loss and injury.

ROI 59

ROI Services Real Estate Intent 59

Cloudbeds

DECEMBER 12, 2023

Whether you’re in marketing, sales, or operations, it’s imperative to continuously learn about best practices for operating more efficiently and meeting new guest demands. BITAC Operations 2024 Date: April 14 – 16 Location: Savannah, Georgia, USA. Why attend hospitality events? Who should attend? Why attend?

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Tourism Events Hotels Operations 98

Hotelier Magazine

APRIL 4, 2024

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.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

Boutique Hotel News

DECEMBER 20, 2022

Over time, this provides hoteliers with enough information to understand customer behaviour trends as well as operational and sales opportunities. As interest in digital twins grows, technology providers are rolling out new products to meet the demands of hospitality and real estate professionals.

Travel 124

Travel Hotels Branding Real Estate 124

Hotel Management

MAY 10, 2023

A key takeaway was that hospitality is on the radar for investors, given some nervousness for traditional CBD office real estate. Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”.

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Market Marketing Branding Events 130

MBA Hotels

SEPTEMBER 12, 2018

According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. It can be rewarding, but it is a totally different business than operating a hotel.

Net Operating Income 40

Net Operating Income Average Daily Rate Closing Hotels 40

Boutique Hotel News

OCTOBER 28, 2022

The United Arab Emirates, Saudi Arabia, Kuwait, and Oman will all be operating daily shuttle flights to ferry fans to the host country. Dubai is in pole position, with demand for accommodation soaring, and will be operating almost 50 shuttle flights every day to Doha, which is less than an hour away by air.

Tourism 52

Tourism Accommodation Events OTA 52

Inn Quest

MARCH 23, 2023

The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates. Partnering with local tour operators and attractions may help them to make the most of this trend. Diversification Many properties are diversifying their services, offering more than a place to sleep for the night.

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Forecasting Tourism Average Daily Rate Hotels 52

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results.

Revenue 52

Revenue Revenue Management General Manager Management 52

Travel Media Group

JANUARY 16, 2024

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. Uh, but then last year I was like, I just wanna get back to my passion.

Hospitality 52

Hospitality Digital Marketing Management Market 52

Travel Media Group

APRIL 24, 2024

And it ended up being a really good move because from there I took on a ton of different jobs that kind of took me out of the brand and sales world into more operations. Where we got to the closest thing to zero occupancy is we could get, but there was still a demand for that type of, uh, stay for that type of experience.

Hospitality 70

Hospitality Branding Travel Digital Marketing 70

Travel Media Group

JULY 19, 2023

So operations, recruiting, hr, big, big, big focus, on the marketing and digital front. 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. But then some hotels summer may be they’re low occupancy season.

Hospitality 73

Hospitality Market Marketing Business 73

Travel Media Group

FEBRUARY 8, 2023

I started working for a small owner operator, a gentleman named John Willie, who still remains close to my heart. So I joined him and he was the owner and operator. And before I knew it, he was asking me to pay the real estate taxes and come up with a sales and marketing plan. We need you at OCI Hospitality.

Hospitality 52

Hospitality Travel Market Marketing 52