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.

Guest Satisfaction 75

Guest Satisfaction Pricing Marketing 75

Modern Restaurant Management

OCTOBER 8, 2020

In 2019, the U.S. Any weather-related issues can have a dramatic effect on supply and prices as lettuce transitions from one area to the next. “Growers may need to harvest sooner than desired, which leads to lower yields and quality, lower overall supply and higher pricing. As we know, weather is not always predictable.

Pricing 189

Pricing Accounting Magazine Marketing 189

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. Second, the shift of Thanksgiving into December of 2019 converts from tailwind to headwind this month. percent from 2018 to 2019, sales for the whole weekend only increased about four percent. First, at 2.1

Events 128

Events Pricing Marketing Cost Reduction 128

eHotelier

OCTOBER 22, 2023

Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs. Greater China continued its excellent rebound with RevPAR now above 2019, which the Americas achieved in the second quarter of last year and EMEAA in the fourth quarter.

Pricing 130

Pricing 130

Hotel Business

DECEMBER 16, 2022

And, despite rising prices for both domestic and international flights (up 52% YoY for domestic and 29% YoY for international), high prices don’t appear to be discouraging U.S. According to KAYAK, search windows for international trips have decreased 11% compared to 2019, indicating interest in last-minute trip planning is on the rise.

Pricing 59

Pricing Book 59

Modern Restaurant Management

JANUARY 31, 2022

In December 2021, average check was up 22 percent compared to the same period in 2019 and sales were up eight percent, according to Revenue Management Solutions, which released sales, traffic and average check trends for QSR restaurants in December 2021. Bureau of Labor Statistics, prices at limited-service restaurants increased by 7.10

Pricing 189

Pricing 189

Hotel Business

DECEMBER 15, 2023

2019 remains the busiest Christmas and New Year’s travel period on record with 119 million travelers. This year’s projected number of drivers is the second highest on record after 2019 when 108 million drivers hit the road for the holidays. million air travelers this holiday season, surpassing 2019’s record of 7.3 respectively.

Book 119

Book Pricing Training 119

7 Shifts

SEPTEMBER 7, 2021

Has the price of going to a restaurant increased? To answer this question, we compared 2019 vs 2021 restaurant receipts. We found a 14% increase in the total price on a receipt. in 2019 and $99.50 The bottom line is that the price of going to a restaurant has increased. in 2019 and $18.26

Pricing 148

Pricing Scheduling Information 148

Hotel Owner

APRIL 19, 2024

According to SiteMinder’s Hotel Booking Trends, the average lead time for UK hotel bookings grew by 7% in 2023, when compared with 2022, and by 12% when compared with 2019. The longer lead time prior to this year’s London Marathon, up 10 days from 73 days in 2023, is not an isolated case. year-on-year.

Book 98

Book Events Pricing 98

Modern Restaurant Management

JANUARY 26, 2022

Overall new business growth was near pre-pandemic levels decreasing only one percent in 2021 compared to 2019. "Restaurant It is interesting to see the increase in consumer searches for higher priced restaurants while consumers are also mentioning rising prices in their reviews.

Pricing 189

Pricing Events Magazine 189

Modern Restaurant Management

APRIL 23, 2024

The July 1 increase updates the present annual salary threshold of $35,568 based on the methodology used by the prior administration in the 2019 overtime rule update. 1, 2025, the rule’s new methodology takes effect, resulting in the additional increase.

Presentation 110

Presentation Pricing 110

Revenue Hub

JULY 10, 2023

When accounting for inflation, North American properties have comfortably exceeded their 2019 pricing levels, thanks to robust consumer spending on services. Non-adjusted prices are now nearly one-third higher than they were three years ago. A similar upward trajectory can be seen in Oceania.

Travel and Tourism 82

Travel and Tourism Pricing Article Accounting 82

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%

Pricing 110

Pricing Marketing 110

Modern Restaurant Management

MARCH 21, 2024

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. However, a tight labor market and stubbornly high food prices will continue to weigh on restaurant margins in 2024. Census Bureau.

Reservations 180

Reservations Pricing Presentation Marketing 180

Revenue Hub

JUNE 23, 2023

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. In addition to thoroughly reviewing your ADRs from 2019-2022, it’s critical to understand how comparable properties are performing in your market right now.

Pricing 80

Pricing Bookkeeping Property Management Book 80

PhocusWire

FEBRUARY 18, 2022

Data from Transparent and Amadeus shows hotels have tried tried to boost occupancy with lower rates in 2020 and the majority of 2021 compared with 2019.

Pricing 52

Pricing 52

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% In 2022, gross booking revenue was up 49% in Europe relative to 2019. The average daily rate (ADR) in Europe soared 25% above 2019 levels in 2022 and increased by 6% in Asia.

Book 92

Book Pricing Article Definition 92

CN Traveler

NOVEMBER 10, 2022

Domestic flight prices in October alone were 24 percent higher than pre-pandemic levels.

Pricing 76

Pricing 76

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.”

Property Management 103

Property Management Pricing Marketing 103

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.

Marketing 110

Marketing Pricing 110

Hotel Owner

OCTOBER 20, 2023

Against 2019, RevPAR was up by 12.8%, with a rise of 17.5% against 2019. against 2019. Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic high. Pricing remained very robust. in EMEAA, 13.8% in the Americas and 9.3%

Pricing 98

Pricing Marketing 98

Lodging Magazine

OCTOBER 30, 2023

ISSY-LES-MOULINEAUX, France—According to Accor, hotel demand remained strong throughout Q3 2023, with RevPAR up 15 percent compared with the prior year despite a high comparable basis (RevPAR in Q3 2022 was up 14 percent compared with Q3 2019).

Pricing 69

Pricing Magazine Marketing 69

Hotel Owner

OCTOBER 17, 2023

The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.” 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. In 2022 occupancy was 74.2%

Marketing 98

Marketing Budgeting Pricing Presentation 98

Modern Restaurant Management

OCTOBER 16, 2023

restaurants today than in 2019 and it is not clear when —if ever — they’re coming back. That’s roughly 72,000 fewer than in 2019. Nearly a third of restaurants (29 percent) are considering raising prices. The last few years have not been easy for several key industries in the U.S., including restaurants.

Pricing 212

Pricing Catering Article 212

Lodging Magazine

JUNE 12, 2023

Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. After hitting record lows during early points of the pandemic, last year finally presented long-awaited profitability returns for the U.S. hotel industry.

Presentation 111

Presentation Pricing Magazine Marketing 111

Hotel Owner

DECEMBER 12, 2023

Meanwhile, the high inflationary environment has supported pricing, with London’s ADR1 rising by 8% in the past 12 months and is up 22% on its 2019 performance. Full year 2023 occupancy will continue to lag 2019 levels by just 2.6 ahead of 2019 profits. London’s GOPPAR performance is now 1.7% GOPPAR performance is now 5.1%

Scheduling 105

Scheduling Marketing Presentation Pricing 105

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.”

Pricing 105

Pricing Budgeting Accounting Marketing 105

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.

Pricing 70

Pricing Article Marketing 70

Hotel Business

NOVEMBER 14, 2023

The top two years were 2005 and 2019, respectively. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The average price for an international hotel stay is $772, up 5% from last year. from last year. The post AAA: 55.4M

Pricing 102

Pricing Reservations Book Training 102

Hotel Owner

NOVEMBER 15, 2023

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.

Pricing 98

Pricing Marketing 98

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).

Pricing 98

Pricing Marketing 98

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 Slieve Russell, which first opened in 1990, is set on 300 acres in a countryside location, strategically located equidistant from Dublin and Belfast.

Marketing 52

Marketing Presentation Pricing 52

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.

Travel and Tourism 110

Travel and Tourism Book Pricing Reservations 110

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.

Marketing 130

Marketing Pricing 130

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%

Pricing 108

Pricing Marketing 108

Hotel Business

NOVEMBER 21, 2022

Orlando and Anaheim top the list again, as they did in 2021 and 2019, while two new additions round out the top 10 this year: Chicago and Charlotte. ” Average hotel booking costs are up 8% compared to 2021, but hotel prices in some cities like Las Vegas and Denver are lower this year. below 2019 levels. More than 1.4

Training 97

Training Pricing Scheduling Book 97

Hospitality Net

JUNE 23, 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.SiteMinder’s data, which compares current booking volumes to those in previous years, places Spain as a European favourite, followed by Portugal, Italy and the UK.

Travel and Tourism 103

Travel and Tourism Book Reservations Accounting 103