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. A similar upward trajectory can be seen in Oceania.

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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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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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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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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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Revenue Hub

FEBRUARY 20, 2024

Our experience shows many hotels bounced back to 2019 RevPar and even exceeded it by 15 to 40% as early as 2021. Those hotels that remained open during the pandemic closures and implemented careful revenue management strengthened their position in the market. As you know, appropriate pricing is key to any profitable hotel.

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Modern Restaurant Management

FEBRUARY 11, 2021

The company discovered that bad actors are advertising their services on Telegram forums in order to purchase food and beverage orders at a reduced price, using stolen payment information on behalf of customers. Then, using these stolen payment methods, fraudsters are able to market their services in Telegram forums. ”

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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. “These excellent performances were driven in particular by the strong rebound in Asia, good price levels and increased occupancy rates. “In Revenue for the quarter was up 54% vs. the same quarter last year. “In

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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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7 Shifts

SEPTEMBER 19, 2019

Accounting and finances: Manage budgets and track food and labor costs. Marketing and advertising : Market your restaurant to help achieve optimal restaurant capacity (social media and review management included). Or, you can turn your puzzles into popular dishes by lowering the price. Here are six: Track your food cost.

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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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Larry Mogelonsky

JULY 24, 2023

Price Influences Guest Expectations Take this basic scenario for instance. The price is reasonable based on the rates in the guest’s near-past set of hotel experiences. The price is reasonable based on the rates in the guest’s near-past set of hotel experiences. While on paper, the $389 price tag looks good.

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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 Owner

AUGUST 1, 2023

Making this sector of the market the main target also doesn’t do any favours to the actual challenges faced by the housing industry right now. Therefore, to properly understand how holiday and second homes impact the market, these two property uses need to be considered separately.

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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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Modern Restaurant Management

JANUARY 9, 2023

Food and labor costs are the two most significant line items for a restaurant, each accounting for approximately 33 cents of every dollar in sales, according to the National Restaurant Association survey. Actions taken include: 87 percent of restaurants increased menu prices. 50 percent of operators expect to make less profit in 2023.

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Hotel Business

MARCH 16, 2023

The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%. In 2022, pent-up demand for travel shifted the balance back in favor of OTAs and reached 2019 levels again.

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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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Hotel Business

FEBRUARY 22, 2024

Fourth-quarter RevPAR The Premium, Midscale and Economy (PM&E) division grew its RevPAR by 12% versus Q4 2022, still driven more by prices than the rise in occupancy rates. The Middle East Africa, 26% of room revenue in the region, continued to apply strong price increases buoyed by steady leisure demand despite the conflict in Israel.

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Revenue Hub

SEPTEMBER 6, 2023

Per the 11th edition of the Uniform System of Accounts for the Lodging Industry , Loyalty Program Fees includes any costs associated with programs designed to build guest loyalty to the property or brand. Reservation Fees (30.8%) and Marketing Assessments (39.9%) each grew at a pace slower than rooms revenue. average daily rate (ADR).

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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

NOVEMBER 21, 2022

But considering that M&E accounts for about 20 to 30% of revenue for the average hospitality organization, hoteliers should pay just as much attention to M&E as they do guest rooms. In fact, M&E business in the US will bounce back to 106.4% of its 2019 levels in 2023. If not, they could be missing out on serious revenue.

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Modern Restaurant Management

FEBRUARY 1, 2021

Guest sentiment remained consistent across most designated market areas. The Orlando market once again hosted the most positive restaurant guests when it came to rating restaurant food, service and ambiance. Markets with the biggest drops in sales experienced much lower guest sentiment around food and service.

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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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Modern Restaurant Management

MARCH 16, 2020

analyzed daily traffic from February 26 through March 7 and compared it to the equivalent period in 2019. Imports during 2019 totaled 21.6 11-16, 2019. Better value for customers who won’t pay fees or higher menu prices associated with delivery. ” Location Data and QSR Marketing. Some Placer.ai

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Modern Restaurant Management

OCTOBER 16, 2020

The data experts from Zenreach, the walk-through marketing company, compared in-store foot traffic of various restaurant brands by breaking them into three categories: SMB – Less than 10 locations. Mid-market – Less than 50 locations. percent above 2019 levels for the equivalent Tuesday. Foot Traffic Study.

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Revenue Hub

APRIL 14, 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. One-third of U.S.

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Hotel Owner

MAY 20, 2024

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. For UK hotels, this represents a golden opportunity to capitalise on the ever-increasing domestic tourism market.

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Modern Restaurant Management

MAY 17, 2021

On Cinco de Mayo this year, Punchh connected its restaurant partners with millions of consumers via targeted marketing campaigns, resulting in over five million redeemed offers in a single day, driving an increase in revenues and profitability for the brands. percent compared to April 2019. percent compared 2019. percent and 95.6

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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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EATER

FEBRUARY 27, 2024

Elijah Nouvelage/Getty Images Earlier this week, the FTC filed a lawsuit alleging that the deal would eliminate competition and raise grocery prices It’s likely that the place you shop for groceries every week is owned by one of two companies — Kroger, or Albertsons. In reality, mergers give these large companies the power to dictate prices.

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Modern Restaurant Management

JANUARY 31, 2020

The report found that most local economies nationwide slumped in 2019, down 1.3 percent, largely contributed to the 2019 drop and marked the largest quarter-over-quarter decline since 2018. . Uncertainty around trade policy also hindered local economic growth in 2019,” said Carl Bialik, Yelp’s data science editor.

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Modern Restaurant Management

FEBRUARY 4, 2022

Though many of the market forces that shaped the restaurant industry in 2021 were closely linked to disruption from the pandemic's onset in 2020, 2022 brings new challenges — and opportunities. Ghost kitchens of 2019 almost exclusively referred to restaurants that worked only through third-party delivery services.

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Modern Restaurant Management

JUNE 15, 2021

In fact, the number of diners seated via Yelp was up 48 percent in May 2021 compared to May 2019. Nearly 6,600 new restaurant and food businesses opened in May 2021, a 42 percent increase from May 2020 and down by only 21 percent from May 2019. They saw a similar increase in diners seated in April 2021. Returning to On Premise.

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EATER

AUGUST 26, 2022

The plan, however, does not impact the millions of people who are saddled with educational debt from private banks, which according to student debt expert Mark Kantrowitz, accounts for about 7 percent of all student loan debt. That’s especially worrying for many graduates of culinary schools.

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Modern Restaurant Management

MARCH 3, 2023

A Return to Normal The National Restaurant Association released its 2023 State of the Restaurant Industry report, which examines key factors impacting the industry including the current state of the economy, operations, workforce, and food and menu trends to forecast sales and market trends for the year ahead. million by the end of 2023.

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Modern Restaurant Management

JANUARY 15, 2021

Chick-fil-A regained its 2019 ranking as the fast-food company with the strongest Brand Intimacy, which is the emotional science behind the bonds we form with the brands we use and love. found that while holiday card sales accounted for the same percentage of annual sales as previous years, overall card sales ended the year down 31.8

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