Boutique Hotel News

FEBRUARY 21, 2023

UK: Global travel technology company OYO has added 40 UK hotels to its platform and doubled its revenue in 2022 compared to 2021. Recently, OYO released its annual global travel trends index which revealed that London, Plymouth, Middlesbrough, Leicester, and Brighton were the UK’s most popular holiday destinations of 2022.

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Hospitality Net

JUNE 9, 2023

Bordeaux is back in the news with the 2022 vintage said to be the best this century. And, above all, should you buy these wines and at what price? But is it really that good? Let’s find out.

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Modern Restaurant Management

DECEMBER 7, 2021

Bacardi Limited released its third annual Bacardi Cocktail Trends Report , looking ahead at the key trends impacting the business of cocktails in 2022. “As 2022 brings new perspective, people are coming together with a strong desire to ‘Make Moments Matter. . Consumption reconsidered. and half in the U.K.

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Modern Restaurant Management

AUGUST 18, 2022

This allows the business owner to prepare the sale and command the best price possible. Given the pandemic’s impact, more owners will likely be selling their businesses in 2022 due to the uncertainty of the economy and tax increases. So, if selling a business is on the table, 2022 is the perfect time to consider it.

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Revenue Hub

OCTOBER 3, 2023

ZHAW School of Management and Law, based in Winterthur, Switzerland, conducted a study of 37 hotels that implemented dynamic pricing in 2021 and 2022, evaluating the effectiveness and impact of the RoomPriceGenie revenue management system. What are the internal effects on competencies after starting with dynamic pricing?

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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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SiteMinder

MAY 28, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period. “However, generally, we have seen that smaller properties are leading the hotel industry in raising their pricing to reflect macroeconomic shifts.”

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Finance & Development : Lodging Magazine

AUGUST 10, 2023

DALLAS—Commercial real estate prices are showing signs of stabilizing as inflation moderates and the Federal Reserve nears the end of its interest rate hiking cycle, according to a new CBRE survey. Commercial Real Estate Prices Show Signs of Stabilization appeared first on LODGING Magazine.

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Modern Restaurant Management

FEBRUARY 25, 2022

If you’re looking for ways to up your restaurant marketing game, here are the practical steps you should be taking in 2022. Whether you’re eat-in only or you’re offering deliveries, you're not going to get far in 2022 without a well-designed website. Get the Basics Right. Learn Some Basic SEO.

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EHL Insights

JUNE 7, 2023

Bordeaux is back in the news with the 2022 vintage said to be the best this century. And, above all, should you buy these wines and at what price? But is it really that good? Let’s find out 1.

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Modern Restaurant Management

DECEMBER 1, 2021

In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 percent, and food-away-from-home prices are expected to increase between 3 and 4 percent. If current projections from the U.S.

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Revenue Hub

MARCH 3, 2023

Hotel prices in key American leisure destinations soar, while hoteliers in markets more reliant on business travel and long-distance international tourism are facing tougher times. Average lowest actualised hotel room price for US cities – 2019 versus 2022 We are not alone in this analysis.

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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. Unprecedented labor and supply chain pressure will drive most of the restaurant trends that will define 2022, industry analysts say.

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Hospitality Net

MAY 1, 2023

However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore interest rates, resulted in a mixed picture for hotel transactions for the year. billion, total volume in 2022 fell short of 2021 by 18%, with 37 fewer transactions.

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Hotel Owner

OCTOBER 12, 2022

UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to all manner of hospitality businesses”. The publication of wholesale energy prices will also provide much-needed clarity for businesses.

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Hotel Owner

FEBRUARY 28, 2023

Hotels in the UK are starting to feel the effect of rising energy costs after benefitting from a lag in rising energy prices, according to the RSM Hotels Tracker. The data from the tracker shows that utility costs per available room were 51% higher in January than the same period in 2022, and more than double costs in 2020. in January.

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Modern Restaurant Management

DECEMBER 14, 2021

Modern Restaurant Manaagement (MRM) magazine asked restaurant industry insiders to discuss the key challenges they believe restaurants will face in 2022. Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. Supply chain : Supply chain issues will be a key challenge in 2022.

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EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

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Revenue Hub

FEBRUARY 9, 2023

After air travel was significantly reduced in 2020 and 2021, demand for air travel roared in 2022 as borders opened and travelers gained confidence. The price must be right When it comes to booking air travel, it’s all about price, with atypical, low pricing being the top thing consumers value.

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Hospitality Net

APRIL 12, 2023

USD in 2022 compared to the previous year, the prices for additional services such as breakfast, room service, and spa treatments were only raised by an average of 7%. While the Average Daily Rate (ADR) in Europe increased by 18.5%

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Modern Restaurant Management

JANUARY 25, 2022

Prices for raw products were consistent, and while there were fluctuations, it was nothing like today. At this restaurant, lack of cooler space required smaller, frequent, higher-priced food deliveries—and perishables were harder to store and find. In other words, go for the same effect, but at a much lower price.

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Modern Restaurant Management

MAY 30, 2023

When survey respondents were asked if they have more apps now than in 2022, 38 percent of those visiting restaurants frequently reported an increase, compared to 26 percent of all respondents.

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Hospitality Net

MAY 31, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period.

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Modern Restaurant Management

DECEMBER 28, 2021

For example, a CBS MoneyWatch article from June of this year cited several well-known fast-casual brands' move to boost prices as much as 4 percent to help offset higher labor and other costs. More recent price increases have nearly doubled this number. are the fast-casual franchise model of the future.

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Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” ” You’re familiar with this model when considering your rack rate vs. your bottom prices. First, consider your hotel has a pricing path. What are the bottom and starting prices?

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Revenue Hub

JANUARY 25, 2023

Price is one of the key factors in any commercial transaction, whatever the product or service. It is true that the more unique and luxurious the hotel, the less the price matters. It is true that the more unique and luxurious the hotel, the less the price matters.

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Modern Restaurant Management

JULY 27, 2022

Most notably, consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year." Consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year.

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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. Projected Increase in Flight Prices. But there’s more to these high prices than increased demand alone.

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STAAH

APRIL 11, 2023

The integration brings two of the hospitality industry’s key service providers closer together and has simplified access to vital pricing intelligence, for joint customers. OTA Insight’s team of international experts supports more than 60,000 properties in 185 countries.

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Hotel Owner

APRIL 4, 2023

Award-winning hotel Raithwaite Sandsend, located in Whitby, North Yorkshire, has been sold as a joint venture to property developers Galliard Homes and O’Shea Group off a guide price of £12m.

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Hotel Owner

FEBRUARY 16, 2024

Scotland has seen hotel transaction volumes, of sales over £1m, reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills. Other key deals saw the sale of Mar Hall by EY Parthenon to Dubai based Dutco, which was marketed at a guide price of £12m.

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Modern Restaurant Management

DECEMBER 16, 2021

Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. 2022 will be the year where the restaurant industry shows the world how flexible and techno-savvy it really is. Six key predictions for 2022 include: A focus on building an agile, resilient supply chain.

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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. Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. When prices for staple ingredients like chicken rose dramatically in 2023, restaurant operators were forced to increase their prices.

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Revenue Hub

MARCH 22, 2023

Here are our key findings: Global Impacts: Service Drives Performance, Price is a Major Concern TrustYou’s 2022 Top and Bottom Global Impact Scores Influencing the Performance Score of a Hotel The top and bottom three global impact scores give a general overview of what hotels must focus on to drive their performance.

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EATER

JANUARY 6, 2023

Just because you attend the Met Gala, doesn’t mean you don’t care about rising grocery prices. On Twitter, the star lamented the rising prices of, well, everything It’s no secret to anyone in the United States that grocery prices have been steadily rising over the past few months. Gilbert Carrasquillo/Getty Images.

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Hospitality Magazine

MARCH 27, 2024

The wine professional spent 11 years at Merivale overseeing the beverage programs of more than 70 venues until his departure in 2022. And while each wine has been meticulously selected, bottles at Hunters Hill Wine Room cover a wide range of price points to suit every budget.

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STAAH

JANUARY 8, 2023

Global hotel technology giant, STAAH, today unveiled the list of distribution channels that brought the highest booking revenue to hotels in 2022. Download the full list: STAAH Top Channels 2022. Major players Booking.com, Agoda and Traveloka top the global list at positions one, two and three respectively. New Zealand. Philippines.

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