Boutique Hotel News

NOVEMBER 21, 2022

UK: Knight Frank has been appointed to sell the coastal Raithwaite Sandsend hotel in North Yorkshire off a guide price of £12 million. Maritime Capital acquired Raithwaite Sandsend in 2019 and last year, set about renovating the estate. The post Raithwaite Sandsend comes to market at £12m appeared first on Boutique Hotel News.

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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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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

OCTOBER 8, 2020

In 2019, the U.S. Production lines then turned these greens into fresh cut salads, which captured the market share with a near 80 percent take. Any weather-related issues can have a dramatic effect on supply and prices as lettuce transitions from one area to the next. How Produce Markets are Impacted by the Transition.

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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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Hotel Owner

MAY 16, 2024

Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023. Our Index is formulated in such a way that high land and construction costs and sluggish hotel market growth are penalised.

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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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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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Revenue Hub

APRIL 27, 2023

The hospitality sector, in particular, is sensitive to current challenges in the broader economy: rising interest rates, higher inflation and a tight labor market. occupancy in early March, exceeding 2022 levels and tracking close to 2019. The luxury segment is expected to remain robust amid the broader economic slowdown.

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Hotel Owner

DECEMBER 5, 2022

The UK hotel market has continued its recovery in 2022, as a strong trading performance exceeded expectations for the year, Knight Frank has said. . Despite international visitor arrivals remaining lower than pre-pandemic, the ability to drive rates within a high inflationary environment saw ADR surge 22% ahead of 2019 prices.

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Modern Restaurant Management

MARCH 21, 2024

Continued Fed tightening made borrowing to fund growth more expensive, while a tight labor market meant challenges finding talent and higher labor costs. The food service industry has seen one of the largest increases in new business applications since 2019, with the introduction of food trucks and other non-traditional eateries.

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Hotel Owner

MARCH 4, 2024

A Scottish country house hotel is being brought to market by DM Hall for an undisclosed price. The nine en-suite letting rooms were modernised and upgraded in 2019, while within the main house there is a large function room with capacity for 100. There are two additional dining areas and a separate bar.

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Hotel Owner

APRIL 26, 2023

Occupancy levels for Ireland and UK regional, outside of London, were both strong compared with 2022 and 2019. RevPAR for Ireland and UK Regional was up by 34% and 21%, respectively, against 2019 levels, driven mainly by average price. Both of these acquisitions had attractive prices and good yield levels.”

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Revenue Hub

JUNE 23, 2023

Even if you understand the basics of revenue management, you may still have some questions about how to create an effective strategy for your unique market, whether units or homes. Particularly in this environment, your pricing strategy isn’t as easy as taking last year’s rates, bumping them by 5-10%, and waiting for the bookings to flow in.

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Hotel Owner

OCTOBER 20, 2023

Against 2019, RevPAR was up by 12.8%, with a rise of 17.5% against 2019. against 2019. In the year to date, signings are up by 16%, “reflecting the breadth and attractiveness of our portfolio”, while ‘quicker to market’ conversions have increased to be over one-third of openings and signings. Pricing remained very robust.

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Hotel Business

NOVEMBER 16, 2023

RevPAR in 2024 is expected to be 14% greater than 2019 levels. Softer-than-expected demand and more modest pricing power resulted in RevPAR declining 0.3% inbound international travelers will boost occupancy and pricing power back toward their historical trend lines.” CBRE’s baseline forecast anticipates 0.8%

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Revenue Hub

APRIL 28, 2023

relative to 2019 and revenue per available room (RevPAR) by 6.1%, whereas occupancy lagged by 10.5%. short of 2019 levels, RevPAR was down 31.2% We break down performance by key distribution metrics, including gross and average booking revenue, average rate, length of stay, channel market share, cancellation rates and lead times.

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Hotel Owner

DECEMBER 12, 2023

The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Full year 2023 occupancy will continue to lag 2019 levels by just 2.6 London’s GOPPAR performance is now 1.7%

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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. A similar upward trajectory can be seen in Oceania.

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Hotel Business

OCTOBER 20, 2023

vs 2019, with Americas +13.8%, EMEAA +17.5% vs 2019; occupancy +4.1%pts pts vs 2019 Gross system size growth +6.2% Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs. Pricing remained very robust. vs 2019), with U.S.

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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. Venues are simply unable to pass prices onto the consumer at the same rate they are experiencing their own costs rise.”

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Hotel Business

NOVEMBER 14, 2022

A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. In large cities, hotels were priced 42.9%

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Revenue Hub

JULY 7, 2023

hotels is not expected to exceed 2019 levels until 2026. In 2019, 17.0% Further, hotels that already managed a parking operation before COVID increased the price they charged guests to park their cars. RevPAR achieved in 2019. percent of 2019 total revenue. of 2019 levels. less than in 2019.

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Hotel Owner

NOVEMBER 15, 2023

The business came to market as the couple that previously owned the property were looking to retire. Hugo Fairbanks Weston, assistant broker – Hotels South at Christie and Co, who brokered the deal, said: “This is a very satisfying sale for a lovely couple who instructed Christie & Co back in 2019 before I had joined the company.

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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

JUNE 22, 2020

In January of 2020, Impossible Foods, a leader in plant-based meat alternatives, primarily focused sales on the restaurant trade, selling to less than 200 supermarkets; by May of 2020, the company was selling its line of plant-based products in more than 3,000 retail markets and grocery stores. In October of 2019, U.S.

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Hotel Owner

OCTOBER 17, 2023

The UK’s luxury hotel market has been driving the hotel industry’s recovery, with record room rates and revenue per available room (RevPAR) increasing , according to RSM’s Hotels Tracker. While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options.

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Hotel Owner

OCTOBER 27, 2023

It said hotel demand remained very strong throughout Q3 with RevPAR up 15% compared with prior year despite a very high comparable basis (RevPAR in Q3 2022 was up 14% compared with Q3 2019). For Accor, this is the 6th consecutive quarter of growth since the return to post-pandemic business levels.

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SiteMinder

NOVEMBER 6, 2023

By gaining the ability to sell all their rooms on easyJet holidays, listed hotels can now optimise their yield and inventory, especially during periods of high compression when filling their last remaining rooms at an optimised price is critical. The partnership comes at an opportune time for easyJet holidays’ curated list of hotels.

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Hotel Business

NOVEMBER 14, 2023

The top two years were 2005 and 2019, respectively. and has been coming down since, despite global tensions causing ripples through the oil market. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. AAA expects 4.7

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Revenue Hub

OCTOBER 7, 2022

In this article, we take a look at the challenges hotels are facing today, and outline a list of Hotel Sales & Marketing Tips you should implement to differentiate your business from the competition in 2023. Current market signals point strongly to a winter like 2019. These concerns are as follows: The Price of Air Travel.

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Hospitality Net

MAY 3, 2023

in 2022 compared to 2019. The Greek luxury hotel sector registered significant growth in 2022 compared2019, supported by the return of the Americans. Travel receipts of international business travel to Greeceincreased by 6.1%

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Hotel Owner

OCTOBER 17, 2023

The luxury hotel market has been the driving force behind the hotel industry’s recovery this summer, with record room rates and a boost to RevPAR across the UK, according to RSM. In the same period, rates of middle market hotels were £149.76 With both luxury and budget doing well, it’s the middle market that’s being squeezed.

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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

OCTOBER 4, 2021

The data further signaled that price increases have had a significant impact on consumer restaurant habits. Nearly two-thirds (63 percent) of participants indicated they have ordered or visited less due to higher prices. Inflation and Pricing Concerns. · 63 percent of customers are impacted by recent price increases.

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Modern Restaurant Management

DECEMBER 20, 2022

Technomic is forecasting that the industry’s total value will only be 90 percent of 2019’s value in real terms. Increasing menu pricing has helped to offset costs and so far, has continued to attract customers since grocery prices are outpacing the increases in restaurant tickets for dining out." percent in July.

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Hotel Business

NOVEMBER 29, 2023

In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. “The According to Omnitrak , U.S.

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