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 Formerly a Jury’s Inn, the Leonardo Hotel was rebranded and refurbished in 2022 and is one of 52 Leonardo Hotels across the UK and Ireland – owned by the Fattal Hotel Group. In 2022 occupancy was 74.2%

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Hotel Owner

JANUARY 27, 2023

Savills advised on 43% of total hotel investment volumes in the South West during 2022, which represents a 30.4% Domestic buyers also represented approximately 66% of transaction volumes, with the remaining 34% comprising international buyers in 2022. increase compared to the previous year. across 23 transactions.

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Modern Restaurant Management

JANUARY 12, 2022

To keep up with changing consumer preferences, operators noted that their top areas of investment in 2022 include mobile ordering (54 percent); delivery services (47 percent); technology such as new POS digital signage or other in-store tech (45 percent); and alternative payment methods (37 percent). "Consumers Fast is not fast enough.

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Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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Modern Restaurant Management

JANUARY 10, 2022

COVID has upended the way the industry operates, shifting everything from the way we serve guests to how sanitation works to what the supply chain and labor market look like. Here are six things you can expect to see in back-of-house tech in 2022. Expanding the Tech Stack.

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Hotel Owner

FEBRUARY 19, 2024

The luxury market in the UK hotel sector witnessed a spike in room rates and profits at the end of 2023, according to the RSM Hotels Tracker: Focus on Asset Classes. The increase in the middle market and budget hotels was less stark, from £132.96 This was even greater in the London luxury market, with GOP PAR up from £173.00

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Modern Restaurant Management

MARCH 23, 2023

Our graphs of early 2022 quick-service restaurant traffic trends looked like a mountain range — a significant dip in performance followed by a steep climb, thanks to the appearance and ultimate retreat of the omicron variant. Yet QSRs are slowing down price increases to meet tightening budgets. At the time, we lauded stability.

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Revenue Hub

DECEMBER 13, 2023

The hospitality industry saw unprecedented travel demand in 2022. As a result, the average booking conversion rate (CVR) on SEM jumped from 0.90% in 2021 to 1.40% in 2022, an increase of 56% YoY. The marketing funnel refers to the journey a customer takes from ideation to execution of a purchase.

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Hotel Business

FEBRUARY 14, 2023

operations outpaced the budget hotel segment’s growth in RevPAR with an 18% rise in 2022 versus 2019. The budget hotel segment grew by only 6% in the U.S., OYO has seen significant growth in its priority markets of Miami, Houston and Phoenix, where it has sizable concentration of hotels, the company reports.

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Modern Restaurant Management

MARCH 28, 2022

Technology budgets are coming back after covid, but one of the things I’ve seen is that IT departments are spending more thoughtfully than ever before. There are many jobs that humans are still best suited for, but we can’t count out machines when it comes to filling the gaps, especially during a tight labor market.

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Modern Restaurant Management

APRIL 10, 2024

And despite warnings of an imminent recession at the end of 2022, the U.S. The restaurant equity market also showed signs of recovery, with healthy market debuts from Cava and Dutch Bros. percent between December 2022 and 2023. Coffee in 2023. In 2024, we expect these trends to shape the restaurant sector.

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Modern Restaurant Management

OCTOBER 24, 2022

Restaurants and customers are feeling the effects of inflation, according to the third quarter 2022 data for the Yelp Economic Average (YEA) report, The report reveals that inflation experiences have intensified for consumers in every state in the U.S. percent from 2022,” added Mudan. ”

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Revenue Hub

JULY 4, 2023

These marketing tips will help. NB: This is an article from Book4Time Effective marketing is a crucial aspect of business success across all industries, including the hospitality and spa industry. Even for spas within larger organizations, like hotels or resorts, marketing budgets can be limited, if they exist at all.

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Revenue Hub

NOVEMBER 17, 2022

The end of 2022 is proving to be an interesting quarter for both travelers and hoteliers, thanks to several key trends like increased travel demand, record-high inflation, and limited flight availability. According to Koddi, US hotel brands are seeing an average revenue per booking increase of approximately 15% in 2022.

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Pricing Book Article Budgeting 74

Boutique Hotelier

JANUARY 30, 2023

Hotel transaction volumes in the south west rose over 30% in 2022 compared to the previous year, fuelled by demand from both domestic and overseas buyer demand. Domestic buyers represented approximately 66% of transaction volumes with the remaining 34% comprising international buyers in 2022. Volumes totalled c.£166.2m

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Budgeting Marketing 52

Hospitality Net

APRIL 17, 2024

Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces record financial results for the year ended 31 December 2023, reporting revenue over £1 billion for the first time and profit significantly ahead of 2022 levels. The business delivered a 13.7% increase in revenue to £1,035.2m

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Hotel Owner

OCTOBER 16, 2023

Budget operator EasyHotel has revealed its revenues more than doubled in the first half of the year. Room count also increased 58% with new openings and the Benelux portfolio takeover last year in October 2022. Room count also increased 58% with new openings and the Benelux portfolio takeover last year in October 2022.

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Budgeting Marketing 94

Xotels

SEPTEMBER 22, 2022

With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Content marketing.

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STAAH

SEPTEMBER 26, 2023

There is no definitive guide to social media marketing because social media is constantly evolving. 7) Get serious about videos As short-form videos skyrocketed in popularity in 2022, many brands started to dip their toe in the format. Wrapping up Social media marketing can be hard work. 9) Be human Be authentic.

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Hotel Owner

DECEMBER 15, 2022

Despite pandemic challenges, RBH said the hotel has outperformed its competitor set comprising some of London’s top luxury properties in all major metrics including market share, guest satisfaction and profitability. It added that the hotel’s RevPAR performance is perhaps the greatest first year achievement with an RGI Index of 120.6

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Hotel Owner

MAY 15, 2023

Travelodge has welcomed record financial results for 2022, as revenues hit £909.9m, soaring by a record growth of 25% or £182m against 2019, and by £350.2m CEO Jo Boydel said: “Travelodge delivered an excellent trading performance in 2022, with record profits and revenue growth. against 2021. In addition, EBITDA hit a record £212.9m

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Revenue Hub

FEBRUARY 16, 2023

Last week, in “Hotel Marketing in a Down Economy,” we shared some important hotel booking pattern signals, what history has taught us about navigating a challenging economy, and how properties can come out stronger on the other side. Online Travel Agent sites (OTAs) compete heavily on these channels to steal market share. decrease YoY.

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Revenue Hub

JUNE 12, 2023

For example, just 18% and 16% of travelers rated virtual reality spaces and hotel robots providing contactless services important in the 2022 Customer Engagement Technology Study. Chatbots offer an outstanding opportunity to integrate AI into customer-facing solutions and unlock its sales and marketing potential. For example, 73.4%

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Revenue Hub

NOVEMBER 9, 2022

In today’s dynamic market conditions, hotel demand forecasting has become even more difficult. Historical data is less relevant, markets can change in the blink of an eye, and ‘revenge travel’ is still occurring across the board. Forward-looking search data enables you to view unconstrained demand in your market.

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Revenue Hub

MAY 2, 2024

NB: This is an article from TCRM Subscribe to our weekly newsletter and stay up to date This follows on the heels of 1,842 hotel openings in 2022 and approximately 2,480 hotel openings in 2023. A handful of multi-brand conglomerates are now dominating the market across segments from luxury to budget. room supply.

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Hotel Owner

AUGUST 22, 2023

According to the budget hotel chain, the most significant boost to occupancy levels came from the FA Cup match between Manchester City and Arsenal in January 2023, where a 117% surge in occupancy was recorded against the prior year. Interest in the Women’s Euros tournament in 2022 saw 98% occupancy at its Sheffield hotel, for example.

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Boutique Hotel News

JANUARY 16, 2023

This more positive outlook is also seen in business travel, which now promises a long-awaited rebound with more than half of global company travel budgets back to pre-pandemic levels. . A strong dollar has hit both developed and emerging markets globally, fuelling inflation and raising the cost of imported goods.

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Boutique Hotel News

JANUARY 16, 2023

According to the new Cvent Travel Manager Report: Europe Edition December 2022 , corporate travel managers seek value, sustainability, and cost-cutting opportunities in 2023. Rising costs spur budget increases . Eighty-one per cent in total say their budget will rise, including 26 per cent who predict it will increase significantly.

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Modern Restaurant Management

JANUARY 30, 2024

As consumers continued to watch spending during the holiday-laden end of the year, QSRs remained a budget-friendly way for guests to enjoy dining out without overspending. percent YOY but has steadily increased since Q4 2022. percent in December 2022 and the steep rate of average price increases by QSRs has slowed to just +4.5

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Pricing Budgeting Marketing 162

Social Hospitality

AUGUST 9, 2023

Data can be especially impactful in marketing. Instead of relying on a hunch, marketers can make informed decisions about how to inspire meaningful engagement with their target audience and create content that leads to conversions. We’re going to dive into ways you can gather data efficiently to elevate your marketing strategies.

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Modern Restaurant Management

JULY 13, 2022

Differences in manpower, brand recognition, technology and marketing budgets have all presented significant challenges for single location restaurants to compete for market share. Marketing. Maximizing this opportunity for free marketing is key to developing deep relationships with customers and building customer loyalty.

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SiteMinder

FEBRUARY 8, 2024

According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. Meanwhile, the largest Travel & Tourism market is the Hotels market with a projected market volume of US$93.62bn in 2024. In population size, that market is made up of just over 300 million people.

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The Restaurant Times

AUGUST 26, 2022

Whether you are the owner of a fine dining restaurant, quick-service restaurant, food truck, or coffee shop, you will need restaurant management apps to streamline your business operations and unlock potential revenue in 2022. But not every restaurateur has the budget to hire a credible restaurant accountant.

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SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. Table of contents.

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Xotels

JULY 5, 2022

In 2022, there are many challenges faced by the hotel industry, which may quickly feel overwhelming to address. However, as a hotel management company , we have seen that with the right approach, tech stack, and process streamlining, hotels can drive their success in 2022 and beyond. Continuously Changing Consumer Demands and Markets.

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Revenue Hub

MARCH 13, 2024

This surge in success really highlights why metasearch must be an indispensable part of your hotel’s marketing strategy. These figures paint a clear picture; metasearch is not just effective, it’s becoming increasingly efficient, allowing hoteliers to stretch their marketing budgets further.

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Modern Restaurant Management

APRIL 4, 2024

That's one of takeaways in You Can't Market Manure at Lunchtime: And Other Lessons from the Food Industry for Creating a More Sustainable Company by Maisie Ganzler, chief strategy and brand officer of Bon Appétit Management Company. Why did you want to write this book and why now?

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