EHL Insights

NOVEMBER 14, 2023

STORY HIGHLIGHTS China’s luxury market is one of the hottest on the planet, with the strongest growth happening in digital and domestic luxury sales. Success in this market requires appealing to cultural motivations and changing consumer tastes through three key marketing angles.

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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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Hotel Business

AUGUST 15, 2023

The top 14 hotel markets have fully recovered group revenue in comparison to the same time in 2019 according to the Group and Business Performance Index from Knowland and Amadeus Hospitality for the second quarter of this year. The post Report: Group revenue fully recovered in Q2 for top 14 markets appeared first on hotelbusiness.com.

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Hospitality Net

NOVEMBER 15, 2023

Following the government’s declaration of relaxed anti-pandemic measures in late 2022, experts predicted that China’s luxury market would revive in 2023. Despite a slow start, the market is showing optimistic signs of revival.

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Serviced Apartments

JANUARY 17, 2024

Germany: Munich-based, tech-enabled apartment operator limehome has shared its latest milestones after reporting strong growth in the 2023 financial year, including increasing its apartment portfolio to 6,000 units and expanding into four new markets. I am proud of our team and what we have achieved together. “In

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Hotel Business

MAY 1, 2023

In the Q1 2023 U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Year-over-year, the top 25 markets in the U.S., The top five U.S. The post LE: Combined top 25 U.S.

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Hotel Business

NOVEMBER 16, 2023

With an astounding 60% of its new hotel construction projects under construction, the most of any convention center market, New York City leads with 46 projects under construction. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.

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Revenue Hub

OCTOBER 26, 2022

hoteliers negotiating corporate accounts for 2023 are seeking the right balance of rates and services. The company has been reviewing its portfolio market by market, taking inflation and compound inflation over the last few years into consideration. Though visibility overall has increased, U.S.

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Accounting Pricing Marketing Article 88

STAAH

JULY 18, 2023

Only launched on 5 July 2023 by Meta, Threads is already becoming a buzzword for marketers. Will it serve your hotel’s marketing needs? Sign-up to a new account once installed. You can create a new account or login using your existing Facebook or Instagram credentials. What is Threads? How to set up Threads?

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Hotel Business

NOVEMBER 30, 2023

These new partnerships have enhanced the company’s footprint in key markets and have contributed to overall growth and performance metrics. Guest satisfaction & performance results: HE achieved “exemplary” performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Marriott Jr.

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Modern Restaurant Management

JANUARY 23, 2024

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 billion in 2023 in one year alone. To maintain relevance, companies must look to data to drive product development, branding, and marketing strategies.

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Lodging Magazine

JANUARY 5, 2023

In this position, Feeney, who spent 13 years at Canyon Ranch Spa at The Venetian Resort in Las Vegas, will oversee spa management accounts and collaborate with the senior leadership team on long-term strategic planning to enhance financial returns, customer […].

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Hospitality Net

SEPTEMBER 19, 2023

Today, “Champagne” (sparkling wine produced in the Champagne region of northeastern France) accounts for 10% of the world’s consumption of sparkling wines by volume and 21% by value (Comité Champagne, 2023). On the back of increasing demand, the champagne market will grow from 253.5 million liters in 2023 to 311.1

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Revenue Hub

NOVEMBER 23, 2022

And to be honest, not much marketing was required by travel brands, with so much pent-up demand. As the year ends and we start looking into future projections for what’s to come in 2023 and beyond, the outlook is a mixed bag. Say, for example, if your ad account gets blocked. Or your account gets hacked.

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Hotel Business

MARCH 8, 2023

The San Diego market led the U.S. The leading industry driver for meetings was technology and healthcare across four of the top five markets. “Additionally, while the top 25 markets dominate the volume metrics, smaller markets are realizing the largest percentage of growth. . over February 2022. growth over 2019.

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SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The data was revealed by SiteMinder at the 7th Hospitality Vietnam Conference.

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Hotel Business

MARCH 1, 2024

Knowland , provider of data-as-a-service insights on meetings and events for hospitality, reported a significant increase of 50% in convention and conference center platform usage in 2023. Knowland data shows that these hotel venues dominate in the top 25 markets, over 2-1. The average large hotel venue in the U.S.

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Revenue Hub

APRIL 26, 2024

GA4 Migration Checklist Survey Your Universal Analytics Create Your GA4 Account Migrate Your Events Create Custom Metrics Link Account Integrations Archive Historical Data Do hoteliers need to store historical data? Universal Analytics contains years of essential data that digital marketers reference to make informed decisions.

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Social Hospitality

MARCH 1, 2023

As we step into 2023, let’s take a look at the latest social media trends set to dominate the digital world. In fact, it’s predicted that by the end of 2023, video content will make up 82% of all internet traffic. Companies are also taking corporate social responsibility into greater account.

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Hotel Business

APRIL 17, 2024

in 2023 vs. 2022, and strengthening by 80.2% For HotelREZ clients, mobile direct booking has more than doubled since 2019—up from 15% of all direct bookings to 32% in 2023. “Direct booking on a property’s own website accounts for around a third of all bookings, with OTAs about half that. against its pre-pandemic standing.

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Hotel Owner

JULY 27, 2023

Scotland has seen transactions of independent boutique hotels reach £71m in H1 of 2023, accounting for 43% of all deals year to date, according to Savills. Savills attributed this significant increase to the sale of the Waldorf Astoria Edinburgh, the Caledonian, which alone accounted for 51% of the total figure.

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Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Get account-level projections. Make room in your budget for marketing activity that generates demand.

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7 Shifts

MAY 1, 2024

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself?

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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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SiteMinder

OCTOBER 5, 2023

After another stellar edition in 2022, SiteMinder’s Partner of the Year Awards are back again in 2023. Trent Innes, Chief Growth Officer, SiteMinder Starting his career as an accountant, Trent saw first-hand the opportunity technology presents to growing and managing businesses.

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Travel Booster

JUNE 11, 2023

Welcome to Travel Booster’s guide to the best CRM tools for travel agencies in 2023! TravelBooster’s List of Best CRM for Travel Agencies in 2023 Now that we’ve established the importance of CRM tools for travel agencies, let’s dive into the crème de la crème of 2023. Why Do Travel Agents Need CRM Tools?

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Hospitality Magazine

OCTOBER 25, 2023

Kolkata-born Ahana Dutt grew up going to the markets on Sundays with her mother, spending mornings selecting produce and haggling down the price of live fish. I think the pros and cons are the same in the sense that you’re responsible and accountable for everything — it ends with you.” Sundays were special for us,” she says. “It

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Revenue Hub

FEBRUARY 14, 2024

When we came to discuss basic online marketing issues, he confessed that they were not doing anything because the owner didn’t want to invest. Let’s start by taking a look at the companies that know the most about hotel marketing, the OTAs. billion in 2023 , much of this financed by the commissions received from hotels.

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Boutique Hotel News

JANUARY 11, 2023

The first half of 2022 accounted for 68 per cent (£2.1 However, subdued levels of stock is anticipated as a result of the Home Office providing contracts to some hotel owners which will limit supply coming to market. billion) of the total annual UK hotel investment. .

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Hotel Business

MARCH 30, 2023

What’s Hot in Meetings and Events for 2023—Creating the Next Instagram Moment , a survey of Aimbridge U.S. Groups are holding the meeting planner accountable for building agendas that are healthy both physically in the space, but also mentally. “We

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Xotels

AUGUST 15, 2022

Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? Read through our step-by-step guide explaining how to get ready for 2023 with our hotel management company´s best hotel budgeting practices. And he is right; marketing plans in general are too superficial.

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STAAH

NOVEMBER 29, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Get account-level projections. Make room in your budget for marketing activity that generates demand.

Budgeting 65

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Hotel Business

APRIL 1, 2024

“We are launching the CoralTree Residence Collection because we recognized an opportunity in the market,” said Tom Luersen, president, CoralTree Hospitality. In late 2023, we substantially grew our portfolio of vacation rentals and are excited to further expand, operationalize and brand this collection to highlight our expertise in this area.”

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Boutique Hotel News

MARCH 3, 2023

Looking ahead, Sonder will double down on its corporate market focus in 2023, having launched on the Global Distribution System [GDS] in 2021 and added “a significant amount of corporate travel accounts”, according to Davidson.

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Hotel Owner

JANUARY 8, 2024

Around £2bn of UK hotel transactions were recorded in 2023, according to new data from Knight Frank, though investment levels hit their lowest level since 2012. The UK hotel market continued to appeal to overseas investors over the year, as foreign investment totalled over £760m, 39% of the total deal volume.

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Hotel Business

JANUARY 25, 2024

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.

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Hotel Business

APRIL 29, 2024

Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. In the top 25 U.S.

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