Hotel Business

APRIL 17, 2024

on 2019 pre-pandemic levels, according to the Independent Accommodation Insights Report from HotelREZ Hotels & Resorts. For HotelREZ clients, mobile direct booking has more than doubled since 2019—up from 15% of all direct bookings to 32% in 2023. year-on-year, 63% vs. 2019 pre-pandemic levels and up +4,609% vs. 2014. “The

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Modern Restaurant Management

MAY 8, 2020

Faced with the stark reality of closed dining areas, people working from home, and home-cooked meals, COVID-19 will force a radical rethinking of Quick Service Restaurant (QSR) marketing. Best Marketing Practices for QSR During and post pandemic. Breaking down stats from the 700 surveyed consumers.

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Hotel Business

MARCH 8, 2023

The San Diego market led the U.S. The leading industry driver for meetings was technology and healthcare across four of the top five markets. “Additionally, while the top 25 markets dominate the volume metrics, smaller markets are realizing the largest percentage of growth. . growth over 2019.

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Modern Restaurant Management

MAY 6, 2021

If you have any questions on the process, reach out to an experienced accountant to walk you through the process. For some business types, at least 33 percent of 2019 gross receipts must have comprised on-site sales to the public. equipment, accounting, training, legal, marketing). How will the program work?

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Hotel Business

MAY 1, 2023

travel & tourism sector is forecast to exceed the 2019 peak this year. economy this year, surpassing the 2019 pre-pandemic high of $2.17 of the American economy, edging closer to the 2019 high of $2.17 However, the ongoing travel restrictions from key source markets for the U.S. trillion in 2019.

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Hotel Business

APRIL 8, 2024

trillion last year, up more than 9% from the previous peak in 2019, however, international visitor spending was still more than a quarter behind the same 2019 peak at $156.1 government has supported travel & tourism, but international visitor spend is still below 2019 numbers. Domestic visitors spent $1.37 The post U.S.

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Social Hospitality

FEBRUARY 13, 2024

Have you heard of unhinged marketing? Therefore, it’s crucial to treat unhinged marketing with caution and strategy. Here’s what you need to know about unhinged marketing, as well as success stories and what happens when things go wrong. What is Unhinged Marketing? Tailor your message to their vibe.

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Modern Restaurant Management

JULY 8, 2021

It’s no secret that the influencer marketing industry is booming with billions of dollars. Micro influencers are defined as accounts with 1,000 to 100,000 followers who are well known in their niches with a hyper-engaged audience. Micro influencers are a great marketing tool and resource for small restaurants.

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Serviced Apartments

OCTOBER 3, 2023

For the 12 month period ending June 2023, guest room revenue (for seven consecutive nights or longer) accounted for $8.97 The full report – The 50 Largest Markets: ALOS, ESOC and More Report 2019-2013 – extended-stay demand, revenues, length of stay, booking lead time and reservation costs. million and 72.2

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Hospitality Net

JUNE 26, 2023

Renowned for its breathtaking beaches, vast landscapes, fascinating wildlife and cosmopolitan cities, Australia is a gem of the Asia-Pacific (APAC) tourism market and a dream destination for travelers around the globe. Almost 10 million international visitors traveled to Australia from 2018 to 2019 and they spent AU$44.6

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Boutique Hotel News

NOVEMBER 14, 2022

When my colleague George Sell attended the in-person event in 2019, sustainability had dominated the agenda. On the consumer front, Stewart also highlighted that the top 50 per cent of households account for almost 70 per cent of all spending, inferring that high income individuals are in a strong position to sustain the market. .

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Hotel Owner

FEBRUARY 23, 2023

The hospitality association said this is because sales remain “significantly behind 2019” in real terms due to inflation. in 2022 compared with 2019, but down 13% in real terms when inflation is accounted for. The UKHospitality Quarterly Tracker, in association with CGA, found that revenues were up 4.2%

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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%.

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Hotel Owner

JULY 12, 2023

There has been a “noticeable shift” in buyer profiles for UK hotel investment in the first half of the year, with specialist hotel-focused investors, HNWIs and family-offices accounting for 70% of transactions, according to new research from Knight Frank.

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Hotel Owner

JANUARY 31, 2023

Travelodge has delivered record financial results in 2022, “significantly” ahead of its previous best year in 2019, whilst also confirming the completion of a lease re-gear with its largest landlord, LXI REIT. Total underlying revenues in 2022 were up 25% on 2019 levels while EBITDA is expected to be between £210m and £215m, up from £129.1m

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Hotel Business

APRIL 16, 2024

He continued, “Jeff is the ideal person to serve as CEO having demonstrated outstanding leadership and a keen understanding of our portfolio and strategy since joining the company in 2019. Donnelly joined DiamondRock in August 2019. Quinn served in her previous role since March 2018.

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Accounting Marketing 59

Uncorkd

DECEMBER 12, 2018

The new tech trends that will surely shake up the restaurant industry in 2019, are augmented reality, mobile scheduling apps, and digital beverage management. The 2019 restaurant technology trends will impact almost every step of the dining and running restaurant operations. . A Step Into the Future: Augmented Reality.

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Hotel Business

DECEMBER 12, 2022

In August, RoomRaccoon’s clients in Europe had record-breaking occupancy levels averaging 64% in comparison to 61% in August 2019. Direct bookings have been on an upward trajectory, increasing by a staggering 169% from 2019. Some of the findings: Direct bookings are on the rise.

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The Restaurant Times

JANUARY 30, 2022

In recent years, restaurant marketing strategies have gotten much more sophisticated. . Restaurant Marketing Strategies That Attract Customers In Omicron . Restaurant marketing in today’s highly competitive industry necessitates precise, dependable, and thorough consumer data. Marketing With Influencers .

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Revenue Hub

JULY 10, 2023

Subscribe to our weekly newsletter and stay up to date Setting the scene Encouragingly, all global regions have witnessed an increase in hotel rates compared to the previous year, reflecting a widespread continuation of spending growth in the global tourism and travel market.

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Revenue Hub

OCTOBER 20, 2023

Subscribe to our weekly newsletter and stay up to date GOP Margin by Country 2019 – 2023 1. 2023 Hotel Performance: Growth Is Slowing In UAE, Saudi Arabia, India, Brazil, and the Caribbean, hotel profit margins in the first half of 2023 well surpassed 2019 levels, whereas they lagged in the UK, Germany, Spain, Poland, and Qatar.

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Modern Restaurant Management

NOVEMBER 24, 2020

Use this time to invest in training, develop relationships with potential clients and referral sources, explore possible acquisitions or new markets, and upgrade outdated technology. It’s a good time to make sure you’re accounting for potential effects of the pandemic as you create next year’s budget.

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Hotel Business

JULY 10, 2023

In this role, he is responsible for overseeing the accounting, financial planning and analysis, risk management, treasury, corporate finance, capital markets execution of Hard Rock International and other enterprises under the control of Seminole Gaming, as well as contributing to the overall strategic development efforts of the company.

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Accounting Marketing 52

Hotel Business

OCTOBER 27, 2023

The group’s strong performance during the quarter illustrates once again the strength of business momentum in all of our markets, notably in Asia, and for the brands in our two segments: Premium, Midscale and Economy on the one hand, and Luxury and Lifestyle on the other,” said Sébastien Bazin, chairman/CEO, Accor. In the U.K.,

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Hotel Business

MAY 1, 2023

For the first quarter ended March 31, Accor Group reported a 19% increase in RevPAR vs. the same period of 2019. This further acceleration in RevPAR (up 19% compared with first-quarter 2019) notably reflects the rebound of hotels in Asia following the lifting of the strict zero-COVID policy in China in late 2022. in the last 12 months.

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Revenue Hub

JUNE 28, 2023

Business travel globally continues to trend up YoY since 2019 according to a January 2023 poll conducted by the Global Business Travel Association. Tailored marketing and communication Corporate and leisure guests require different marketing and communication strategies.

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Hotel Owner

OCTOBER 12, 2022

The 2022 summer holiday season gave a particular boost to business, with August proving to be the second-strongest month ever, delivering revenues “just shy” of March 2019’s record performance. . Elsewhere, the average length of stays across all markets globally increased further in Q3 2022 against the prior year.

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Modern Restaurant Management

DECEMBER 30, 2020

At-home meal kits increased 13x in 2020 from 2019, with some of the most popular options including NYC-based I CHIRAN’s Take-Home Ramen Kit and New England Lobster’s Lobster Roll Kit in San Francisco. POS Software Market. The three largest suppliers account for four out of ten POS software installations between them.

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Hotel Business

APRIL 12, 2023

and Europe is projected to surpass half of 2019 levels in the first half of 2023 and rise to two-thirds by the end of the year. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. Key takeaways: Corporate travel spend in the U.S.

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Hotel Business

JUNE 6, 2023

being an incredibly robust and strong market. China [made] a pivot on policy and all of a sudden, we all saw the industry was about 96% [of 2019] in the first quarter. In May, the industry was above 2019 levels—and that’s not even outbound travel yet coming back from China. And now we see the U.S. Group remains strong.

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Revenue Hub

APRIL 12, 2023

Online travel agencies are taking back some of the distribution market share they lost to hotel chains during the years leading up to the pandemic, as companies such as Expedia Group and Priceline parent Booking Holdings have ramped up marketing investment and product improvements to sell more room nights to prospective U.S.

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Modern Restaurant Management

SEPTEMBER 15, 2021

Uncovering consumer confidence and preferences in an ever-shifting market as a result of COVID-19 restrictions, Restaurants Canada is shining a light on what restaurateurs and chefs can expect with the release of the 2021 Discerning Diner Report. . Despite these struggles, Alignable also learned in its poll that the No.

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Hospitality Magazine

APRIL 15, 2024

People soon started hearing about her food, which motivated the budding chef to open a Vietnamese food stall at the local Aldinga markets. My thinking is that having some accountability or creative licence makes a job more sustainable,” says Richards. “If Creative freedom is no doubt a key factor in staff engagement and retainment. “My

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Revenue Hub

JUNE 21, 2023

NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date 80% Of Hotels Don’t Use Revenue Software According to Skift’s RMS Landscape report of 2019, more than 80% of hotels do not use an RMS. Your Competition May Have No Idea What They’re Doing From market to market, this can vary greatly.

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Serviced Apartments

OCTOBER 10, 2023

Millennial and Gen Z employees (53 per cent each) account for the largest demographic travelling for business in 2024. In Singapore, the length of stay for transient business travellers had increased 15 per cent compared to 2019 to more than 4 days this year. Markets such as Atlanta and New York are reporting similar trends.

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Revenue Hub

JULY 7, 2023

Pre-pandemic, Spain was the second-largest tourism destination in the world, drawing 84 million visitors in 2019 who brought over €92 billion in revenue. 1 Travel and tourism accounted for around 14 percent of Spain’s total GDP and provided one in eight jobs. NB: This is an article from McKinsey & Co.

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SiteMinder

JUNE 22, 2023

Hotel booking volumes in Spain are currently 17 percent higher than at the beginning of summer 2019, when the country experienced its biggest year of tourism to date. Barcelona, Spain – New data from SiteMinder, the world’s leading open hotel commerce platform, suggests Spain’s hotel sector could be facing a historic summer of bookings.

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