Hospitality Magazine

FEBRUARY 7, 2024

Hospitality magazine has long prided itself on being the industry’s go-to resource for the latest news, trends, openings, and movements that sweep across our ever-evolving industry. Ben Carroll Applejack Hospitality had a vibrant and eventful 2023. Already, we have seen a large shift to prix fixe and happy hours.

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Magazine Training Events 246

Hotel Business

FEBRUARY 29, 2024

Ashford Hospitality Trust Inc. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 capitalization rate on 2023 net operating income, or 12.3x

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Definition Pricing Marketing 59

Hospitality Net

MAY 3, 2024

This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024.

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Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. 2023 is likely to see further political and economic uncertainty which will see winners and losers on the exchange rate see-saw.

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Travel and Tourism L&D Marketing Pricing 130

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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POS Systems Pricing Front of House Marketing 197

Hospitality Net

MAY 8, 2024

An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153% from 2020 to 2022, while Gross Operating Profits (GOP) grew by 437%. Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic.

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Revenue Hub

OCTOBER 12, 2022

Similarly, group and business travel is on the upswing, with 35 million more group room nights booked in H1 2022 over the same time last year, and 38 million group room nights already booked for H1 2023. With such positive indicators heading into 2023, how are you preparing to allocate your technology budget to tackle your greatest needs?

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Budgeting Reservations Book Article 87

Hotel Owner

JULY 26, 2023

Britain has lost roughly one in 18 of its licensed premises, which makes up 5,736 hotels, pubs, restaurants, bars and cafes, in the last 12 months, according to the new Hospitality Market Monitor from CGA by NIQ and AlixPartners. in the three months from April 2023 to June 2023. in the managed hospitality sector.

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Marketing 98

Hotel Owner

MAY 10, 2024

increase in total Revenue per Available Room (RevPAR) and net rooms across the group’s estate during the first quarter. Net income reached $522m (£416m), with adjusted net incomes hitting $75m (£59m). The 15-letting bedroom hotel boasts original 17th century features while catering to modern hospitality needs.

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Catering Pricing Marketing 52

Hospitality Net

FEBRUARY 16, 2024

Ashford Hospitality Trust, Inc. capitalization rate on 2023 net operating income, or 18.2x 2023 Hotel EBITDA. capitalization rate on 2023 net operating income, or 14.0x 2023 Hotel EBITDA. The sale is expected to be completed in early March and is subject to normal closing conditions.

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Definition Pricing 64

Hotel Owner

NOVEMBER 30, 2022

Oliver Brown, the general manager of Wivenhoe House Hotel, said: “In 2023, hoteliers will be expected to build their business strategy on conscious decision-making behind the scenes. We already have more on the books for 2023 than we did this time last year for 2022. Talk of sustainability will move to carbon neutrality and net zero.

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Book Housekeeping Marketing Budgeting 105

Hotel Owner

DECEMBER 15, 2023

Freeman, with over 10 years of hospitality experience, previously worked at Elite Hotels, IHG, and Hilton before joining Mollie’s Bristol team in 2021. Recognised as the Inspirational Leader of the Year at the 2023 HR in Hospitality awards, Freeman is excited to contribute to Mollie’s during a pivotal period for the brand.

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Events Marketing 93

Hospitality Net

FEBRUARY 20, 2024

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

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Lodging Magazine

MARCH 1, 2024

DALLAS—Ashford Hospitality Trust, Inc. 31, 2023, the hotel’s net income […] The post Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay appeared first on LODGING Magazine. The sale is expected to be completed in March and is subject to normal closing conditions. For the trailing 12 months ended Dec.

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Definition Magazine 69

Hospitality Net

APRIL 8, 2024

According to BCD Travel’s Cities & Trends 2023 United States edition, Europe accounts for seven of the 10 most visited intercontinental cities for American business travelers, with London being the most popular. The report is based on BCD flight and car rental data in 2023 in the U.S.

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Revenue Hub

OCTOBER 14, 2022

’ NB: This is an article from Net Affinity. As we hurtle towards the end of 2022, we’re looking ahead to 2023 and contemplating the trends, specifically ones related to technology, which will hold the hospitality industry in a firm grip. How will technology help hotels in 2023? Room service apps.

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Customer Service Book Sanitation Article 59

Hotel Business

APRIL 29, 2024

Ashford Hospitality Trust Inc. The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million ($95,300 per key).

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Pricing Marketing 69

Hospitality Net

APRIL 4, 2024

High inflation and consequential rises in interest rates had major impacts on investment markets throughout 2023, including slowed hotel transaction activity in Europe. There were 6% fewer transactions than in 2022, indicating that the average price per room was also down in 2023. Reaching €10.7

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Pricing Marketing 52

Hotel Owner

APRIL 25, 2024

Whitbread, owner of Premier Inn, has announced its latest collaboration with Zero Carbon Forum on its journey to achieving net zero in hospitality. Gaining SBTi (Science-Based Targets initiative) validation in 2023, Whitbread has set targets to bring directly controlled (Scope 1 and 2) emissions to zero by 2040.

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Hospitality Net

APRIL 5, 2024

Following a slow start, hotel investment activity surged in the second half of 2023, exceeding €1 Bn (+74% vs H2 2022). Total investment volumes for 2023 amounted to €1.5 billion (+1% vs 2022), reaffirming hospitality as a leading sector in the Italian real estate market.

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Marketing 52

Hospitality Net

APRIL 16, 2024

Room Mate Hotels, a hotel chain born in Spain in 2005 with a strong international presence, launches its new image and a second brand “Room Mate Collection” backed by a strong 2023 financial year. The chain chaired by Kike Sarasola has closed the year with “zero debt” and a 37% growth in sales and normalized billing of 106.5

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Hotel Owner

DECEMBER 12, 2023

RBH Hospitality Management has announced that its RevPAR jumped 22% compared with 2019. growth, as of September 2023. Furthermore, the management company’s net operating profit increased by 16%. Furthermore, the management company’s net operating profit increased by 16%.

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Housekeeping Hospitality Management 98

Hospitality Net

APRIL 10, 2024

In 2023, the hotel transaction volume in Greater Paris reached €1.7 Billion, marking a 27% rise from 2022. The significant increase was primarily driven by The Westin Paris transaction, making up 40% of the total volume, with a price per key exceeding €1.5

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Marketing Pricing 59

Hospitality Net

JANUARY 22, 2024

Hilton (NYSE: HLT) ended 2023 with the strongest development quarter in its history, opening more new rooms than during any other quarter.

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Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% more rooms in 2023 compared to the prior year; 0.6% occupancy, a 6.8% variance over 2022’s 69.6%. This 6-point increase in occupancy is a result of the market accommodating 8.6% more rooms occupied as compared to 2019.

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Marketing 82

Hospitality Net

APRIL 15, 2024

Hilton revealed its 2023 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories.

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Hotel Owner

OCTOBER 27, 2023

Accor, a global hospitality company, reported a strong performance in the third quarter of the year, with like-for-like revenues increasing by 13% to €1.28bn (£1.11bn). For 2023, Accor confirmed a forecast of net unit growth between 2% and 3%. The Castle of Comfort hotel in Dodington was sold for £1.1m to a private individual.

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Training Pricing 95

Hospitality Net

OCTOBER 16, 2023

hotel fundamentals softened in Q2 2023 as more Americans travelled overseas and inbound international travel recovered only modestly. We expect modest RevPAR growth for the rest of 2023 and early 2024, fueled by improved business and group travel and an increase in international visitors.

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Hotel Owner

JANUARY 11, 2024

Whitbread, the hospitality group, reported an 11% increase in UK Premier Inn accommodation sales during the third quarter of FY24, compared to the same period in the previous year. The Radisson brand, the fastest-growing in the industry, added nearly 40 properties in 2023, expanding to new destinations like Réunion, Budapest, and Baku.

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Pricing Marketing 94

Hospitality Net

JANUARY 26, 2024

Indian Hotels Company (IHCL), India’s largest hospitality company, marks yet another year of accelerated portfolio expansion in 2023 with 32 new hotels signed and 18 new hotels opened. Reinforcing its position as a leader in the hospitality landscape, IHCL’s portfolio at 285 hotels includes an industry leading pipeline of 85 hotels.

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Hospitality Net

FEBRUARY 26, 2024

Following its recent announcement of strong global net rooms growth and a record year of global rooms signings, Marriott International today announced a year of robust room signings and additions across the Caribbean and Latin America (CALA) in 2023.

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Hospitality Net

OCTOBER 31, 2023

in September 2023, which was the strongest year-over-year (YoY) growth of the quarter, even as occupancy continued to decline modestly. hotel revenue per available room (RevPAR) rose 2.9%

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Hotel Business

MAY 4, 2023

. “We raised our full-year RevPAR outlook while maintaining our record level pipeline and industry-leading net rooms growth. ” First-quarter highlights Net income was $58 million in the first quarter of 2023 compared to net loss of $73 million in the first quarter of 2022. .”

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Accounting Pricing Book Marketing 59

Hospitality Net

OCTOBER 30, 2023

The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

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Marketing Presentation 77

Hospitality Net

OCTOBER 23, 2023

Renowned as one of the industry’s pivotal events, WTM London 2023 acts as a global nexus for the leisure travel community. This year, it is expected to draw over 35,000 professionals from 184 countries, providing a golden opportunity for the HotelRunner Team to turbocharge their growth initiatives.

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Events 85

Hospitality Net

FEBRUARY 13, 2024

In 2023, we witnessed our industry make an extraordinary shift from resilience to flourishing, we all wrapped our heads around the explosion of generative AI and accompanying technology innovations, and we continued to relish the opportunity to meet in person.

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Presentation 57

Hospitality Net

FEBRUARY 26, 2024

In 2023, outbound travel registered double-digit growth year-on-year, marking another big step in returning to the travel volume of 2019. Compared with 2022, this was a 33 per cent increase, only 12 per cent short of the base year level before the pandemic.

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