Hotel Business

FEBRUARY 9, 2024

According to JLL Hotels & Hospitality ‘s NYC State of the Lodging Industry report, New York City RevPAR, driven by the highest ADR in the market’s history, reached historic heights in 2023, exceeding 2019 levels by 15.2%. Other key takeaways from the report include: Strong market fundamentals: NYC RevPAR led top-25 U.S.

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Hospitality Net

JULY 10, 2023

STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.

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Marketing 75

Lodging Magazine

APRIL 19, 2024

percent of total revenue in 2019 to an estimated 3.3 The good news is that the pace of growth appears […] The post Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy Consumption appeared first on LODGING Magazine. As a result, utility department expenses increased from 2.9

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Revenue Hub

APRIL 29, 2024

Your marketing presence has to be not only mobile friendly , it has to be mobile savvy to attract guests and stay on top of the competition. SMS Marketing As of 2019, text messages achieved a 98 percent open rate, with emails lagging behind at 20 percent.

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Hospitality Net

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

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Lodging Magazine

NOVEMBER 28, 2022

hotel performance came in lower than the previous week and showed improved occupancy and revenue per available room (RevPAR) comparisons to 2019, according to STR’s latest data through November 19, 2022. Hotel Performance November 13-19, 2022 Percentage change from comparable week in 2019: Occupancy: 63.0 percent (up 3.4

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Magazine Marketing 109

Hotel Business

AUGUST 9, 2023

Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 year to date, significantly surpassing 2019 benchmark levels. By focusing on key performance indicators (KPIs), the company has achieved performance results surpassing 2019’s enterprise RevPAR by 20% and 2022’s by 26%.

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Pricing Marketing 52

Hospitality Net

JANUARY 29, 2024

STR’s global “bubble chart” update for 2023 shows 85% of markets with revenue per available room (RevPAR) higher than 2019. In terms of top-line performance, that means most markets have recovered from the significant declines caused by the pandemic.

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Marketing 95

Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% This 6-point increase in occupancy is a result of the market accommodating 8.6% more rooms occupied as compared to 2019. Seasonality appears to be in sync with what we typically expect for the Boston market. occupancy, a 6.8% variance over 2022’s 69.6%.

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Marketing 97

Lodging Magazine

DECEMBER 30, 2022

hotel performance came in lower than the previous week and showed weakened comparisons to 2019 on the unfavorable side of a holiday calendar shift, according to STR’s latest data through December 24, 2022. Hotel Performance December 18-24, 2022 Percentage change from comparable week in 2019: Occupancy: 43.9 percent (down 9.7

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Hotel Business

FEBRUARY 21, 2023

January 2023 (percentage change from January 2019): Occupancy: 52.8% (-3.0%) ADR: $142.14 (+13.8%) RevPAR:$75.01 (+10.4%) Among the top 25 markets, Oahu Island experienced the highest occupancy level (74.4%), which was down 9.9% from the market’s 2019 benchmark. above 2019 in Jan. The post STR: U.S.RevPAR 10.4%

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Marketing 52

Lodging Magazine

JANUARY 20, 2023

hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR’s latest data through January 14, 2022. Hotel Performance January 8-14, 2023 Percentage change from comparable week in 2019: Occupancy: 54.8 HENDERSONVILLE, Tennessee—U.S. percent (down 5.5 percent) ADR: $144.81 (up 15.7

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Magazine Marketing 64

Hospitality Net

MAY 9, 2023

For the first time since the onset of the COVID pandemic, CBRE is forecasting the 2023 aggregate revenue per available room (RevPAR) for the nation’s 65 major markets to return to 2019 levels. In 2022, RevPAR recovered nationally but continued to lag in the major markets. through New York.1

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Hospitality Net

JULY 14, 2023

In the latest updates on the regional market performance of the hotel industry in the United Kingdom, we share year-to-date data from May for 2023 compared to the same period in 2022 and 2019, according to HotStats’ monthly Hotel Benchmarking reports.

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Marketing 98

Lodging Magazine

OCTOBER 13, 2022

hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR’s latest data through October 8, 2022. Hotel Performance October 2-8, 2022 Percentage change from comparable week in 2019: Occupancy: 68.2 HENDERSONVILLE, Tennessee—U.S. percent (down 3.5 percent) ADR: $153.79 (up 16.9

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Magazine Marketing 111

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. Based on hotel booking data in the weeks leading up to the holidays, this year is on track to exceed 2019 performance. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. markets: New York City. Los Angeles.

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Book Marketing Events 59

Finance & Development : Lodging Magazine

JULY 31, 2023

occupancy level was the highest since the week ending August 10, 2019. Among the Top 25 Markets, New York City saw the largest […] The post CoStar: U.S. Hotel Occupancy Reaches Highest Level Since 2019 appeared first on LODGING Magazine. percent (up 0.5 percent)ADR: $161.65 (up 1.5 percent)RevPAR: $117.91 (up 2.0

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Hospitality Net

APRIL 20, 2023

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR.

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Marketing 91

Lodging Magazine

OCTOBER 27, 2022

hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR’s latest data through October 22, 2022. Hotel Performance October 16-22, 2022 Percentage change from comparable week in 2019: Occupancy: 69.9 HENDERSONVILLE, Tennessee—U.S. percent (down 0.5 percent to 75.9

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Magazine Marketing 64

Hotel Owner

OCTOBER 17, 2023

The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m Newcastle has been one of the UK’s best performing hotel markets post-pandemic, with 2022 Revenue Per Available Room (RevPAR) over 15% higher than in 2019. being sought. compared to 73.2%

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Boutique Hotel News

NOVEMBER 21, 2022

The 19th century hotel is being marketed with planning permission to increase the current 73 bedrooms to 87, erect a further 71 cottages, 82 apartments and 37 lodges, as well as approved permission to extend the existing building and add 30 bedrooms, five lodges, three villas and village square.

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Modern Restaurant Management

DECEMBER 30, 2019

Before we look forward to 2020, we need to glance back at 2019. Here are the top ten articles that resonated with MRM's audience: Posts on how to better market your restaurant are always traffic drivers with this piece from the team at Tangoo, taking top honors.

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Article Magazine Marketing 118

Hotel Owner

APRIL 24, 2024

Slieve Russell Hotel Golf and Country Club has been brought to market by CBRE, and is expected to be acquired for a price in the region of €35m (£30m). The scale of ongoing investment in the hotel’s facilities and growing business will appeal to the national and international investment market.”

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Lodging Magazine

OCTOBER 20, 2022

hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR’s latest data through October 15, 2022. October 9-15, 2022 Percentage change from comparable week in 2019: Occupancy: 70.3 October 9-15, 2022 Percentage change from comparable week in 2019: Occupancy: 70.3

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Magazine Marketing 59

Hotel Owner

OCTOBER 19, 2023

A major budget hotel in Belfast has been brought to the market for sale for offers of more than £7.175m. He said: “It has been a good year for the hotel industry in Northern Ireland with occupancy levels rebounding to those last experienced in 2019 and average room rates continuing to perform at record highs. “By

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Hospitality Net

AUGUST 9, 2023

Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels.

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Modern Restaurant Management

DECEMBER 16, 2019

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. percent year over year according to Black Box Intelligence’s Market Share Report. Restaurants have had to keep up with this growth from a staffing standpoint amid the most difficult labor market in decades.

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Hotel Owner

JANUARY 9, 2024

The director of marketing communications at Pan Pacific London, Michelle Whittemore, has joined Eastern City Business Improvement District (EC BID) as a non-executive board member. Whittemore has over 20 years of marketing and communications experience working in luxury hospitality.

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Hotel Business

FEBRUARY 21, 2023

for full-year 2022 vs. 2019. Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts.

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Accounting Marketing Book 52

Lodging Magazine

DECEMBER 16, 2022

hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR’s latest data for the week of December 4-10, 2022. percent from the comparable week in 2019, while average daily […]. percent from the comparable week in 2019, while average daily […].

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Magazine Marketing 64

Hotel Owner

MAY 16, 2023

A strong hotel market performance last year has pushed regional markets to the top of Colliers’ 2023 UK Hotel Market Index. Its annual Hotel Market Index in 2022 placed Edinburgh, Belfast and Bath as the top three performing markets. All 38 markets also recorded ADR figures above pre-pandemic levels during 2022.

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Modern Restaurant Management

FEBRUARY 18, 2020

Marketing trends, mobile data insights show that Gen Z has a considerable appetite for restaurants, clean eating, fast-casual, and exciting twists on healthy dining options. The sheer market size of Gen Z and their discretionary spending dollars should make restaurants and food services businesses sit up and take notice.

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Hotel Business

NOVEMBER 10, 2022

of 2019 event volumes in October, an improvement over September. The average number of attendees per event for October 2022 was 119, compared to 110 in October 2021 and 95 in October 2019. p/p in 2019. of 2019 appeared first on hotelbusiness.com. “Additionally, the U.S. recovered 89.7% has eclipsed 80% recovery.

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Events Marketing 52

Hospitality Net

APRIL 16, 2024

Despite being one of the last markets to fully re-open its borders to visitors following the end of the COVID-19 pandemic, the large number of foreign visitors and durable domestic demand have seen Average Daily Rates (ADRs) across all cities and categories increase significantly.

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Marketing 40

Hotel Business

AUGUST 15, 2023

The top 14 hotel markets have fully recovered group revenue in comparison to the same time in 2019 according to the Group and Business Performance Index from Knowland and Amadeus Hospitality for the second quarter of this year.

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Modern Restaurant Management

JANUARY 21, 2020

The idea of using social media marketing to attract customers, all the while managing inventory and payroll, can be exhausting. But millennials and Gen-Z are quickly becoming the largest generation, overtaking baby boomers in 2019. Marketers tend to suggest 1 promotion for every 8-10 posts. We get it, you’re busy.

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Hospitality Net

MARCH 5, 2024

In 2023, the travel market not only recovered from its slump during the crisis of the Covid pandemic, it even surpassed 2019 levels. Norbert Fiebig, president of the German Travel Association (DRV), called for policymakers to financially support the industry’s eco-friendly transformation.

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Marketing 45