Hotel Business

MAY 1, 2023

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., LE is forecasting the top 50 markets to open 319 new hotels/42,743 rooms in 2023.

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Revenue Hub

NOVEMBER 16, 2023

It’s that time of the year again, time to break out the content calendar and lay out a social media game plan for your hotel or portfolio of hotels in 2024. So they are actually coming to your social media accounts on each one of these days looking to make purchase decisions. Which social media does for travellers.

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Hospitality Net

JANUARY 30, 2024

The Association was officially launched at the Thailand Tourism Forum in Bangkok on the 15thJanuary 2024.The The Association was officially launched at the Thailand Tourism Forum in Bangkok on the 15thJanuary 2024.The

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Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? We are looking at the momentum continuing in 2024.”

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Serviced Apartments

OCTOBER 10, 2023

Worldwide: Hospitality company Hilton has released the findings of its latest 2024 travel trends report, which reveals four key themes including changing business travel behaviour. In 2024, 46 per cent of global full-time and self-employed workers plan to travel for business.

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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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Revenue Hub

APRIL 26, 2024

Customers will lose access to the Universal Analytics interface on July 1, 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? Definitely.

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Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. In 2024, the most-sought-after hotel assets will continue to be luxury properties, as well as those in the select-service and extended-stay sectors.

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Revenue Hub

MARCH 6, 2024

Hey hotel marketers! Rollout Timeline: Completion across all Google Ads accounts by the end of April. Why This Update Matters for Hoteliers For hotel marketers, this update is a wake-up call to review and refine your Google Ads strategy. Let’s make the most of our advertising efforts in 2024!

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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. The recent U.S. In the top 25 U.S.

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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. But for people, like me, who work in the digital marketing realm, it can certainly be overwhelming to see all the changes happening. Say, for example, if your ad account gets blocked. Or your account gets hacked.

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Hotel Owner

OCTOBER 26, 2023

The QHotels Collection has appointed Paula Turton as national account director for leisure and Lucy Whittington as leisure sales support executive. This includes managing a brand presence at trade exhibitions such as the upcoming World Travel Market in November.

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Hotel Business

APRIL 24, 2024

As seen in the Q1 2024 U.S. These brands now account for 37% of the total projects under construction, 41% of projects scheduled to begin within the next 12 months and 39% of projects in the early planning stage. LE analysts anticipate this robust conversion and renovation activity to continue throughout 2024.

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Hotel Owner

JANUARY 8, 2024

However, the “encouraging increase” in investor activity seen at the end of 2023 is set to build momentum through 2024, Knight Frank said, amid investor demand and a narrowing of seller vs buyer expectations, together with possible interest rate stabilisation or even cuts.

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Modern Restaurant Management

DECEMBER 28, 2023

Restaurant industry insiders offer their insights on F&B trends we can expect to see in 2024. Late Night Snacking : with the rise of trends like girl dinner this year, 2024 will be the year of late night snacking, with more consumers ordering delivery for food during late night hours.

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Modern Restaurant Management

JANUARY 31, 2024

Will 2024 be a comeback year for restaurants? Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. I think automation will be the biggest trend of 2024.

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Modern Restaurant Management

APRIL 8, 2024

The best food businesses look for solutions for their customers and also takes in account the customer’s customer in the case of food suppliers. These actions were the result in a strong mission that started at the top which dictated the actions which saved the company in the end (Johnson & Johnson, 2024). March 23, 2002.

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Revenue Hub

APRIL 10, 2024

As of 2024, out of 1.5 As this demographic, along with millennials, accumulates more purchasing power, lodging operators will want to expand their marketing efforts to reach them wherever they are online. billion monthly active users, 37% were between 18-24 years old, with 30% being over 35.

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Blue Magnet Interactive

DECEMBER 20, 2023

The Power of Strategic Marketing in the Hotel Industry In the fast-evolving landscape of the hospitality industry, hotels find themselves navigating through a digital realm where competition is fierce, and every click matters. Welcome to the era where strategic marketing is not just an option but a necessity. throughout the year.

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Les Roches

FEBRUARY 21, 2024

As well as being used for registrations, facial recognition can be used to link accounts to personal profiles, which helps validate spending at the event. Prioritize essential functions, exploring cost-effective alternatives while accounting for long-term expenses such as support and updates.

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Hotel Owner

FEBRUARY 16, 2024

Overall Scotland accounted for circa 14% of all UK hotel deals last year as “the market remained resilient despite ongoing economic headwinds”. 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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Revenue Hub

FEBRUARY 14, 2024

This shift will come into effect in April 2024 for new campaigns and October 2024 for existing campaigns. It removes a staple of the hotel industry’s digital marketing tools. In a move that is set to reshape the metasearch landscape, Google has announced the removal of commission-based bidding models.

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Revenue Hub

FEBRUARY 22, 2024

Reconsider Your Comp Set Identifying new target accounts starts with expanding your view of the competition. Most hotels entering the market today are upper midscale and upscale but could easily compete with upper-upscale hotels. Being proactive is especially important if you are located in a secondary market.

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Revenue Hub

FEBRUARY 20, 2024

Those hotels that remained open during the pandemic closures and implemented careful revenue management strengthened their position in the market. Smart hoteliers are putting several foundational elements in place for 2024. Failure to account for probable events on a specific date You may nod your head as you read through these.

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Hotel Business

APRIL 8, 2024

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the U.S. The job sector has now surpassed pre-pandemic levels, with travel & tourism jobs accounting for an 11.2% share of the job market with a total of 18MN jobs. trillion in 2024, 9% of the U.S.

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Hotel Business

FEBRUARY 15, 2024

Looking ahead, an additional 945 projects, accounting for 98,959 rooms, are slated to commence construction within the next 12 months, reflecting an increase of 12% by projects and 13% by rooms compared to the same period last year. This proactive approach mirrors a keen response to the shifting dynamics of travel. construction pipeline.

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Hotel Business

JANUARY 24, 2023

Construction Pipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel construction pipeline by projects is Dallas with a record high count of 176 projects, accounting for 20,790 rooms. In 2024, Atlanta is forecast to open the most new hotels, with 26 projects/3,881 rooms, for a 3.4% growth rate.

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Hotel Business

AUGUST 30, 2023

Luxury, upper-upscale and the upper-midscale chains dominate the pipeline at Q2, reaching record project counts at Q2 and accounting for 47% of the projects in the total pipeline. Of the 11 markets having more than 100 projects in their total pipelines, seven are located in the U.S., three are in China and one is in Saudi Arabia.

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Serviced Apartments

JANUARY 31, 2024

Luscombe brings more than 22 years of experience working in the real estate industry to her new role, including property sales, lettings, build-to-rent, property management and the extended-stay rental market. ” Other recent hires by Situ include Jake Seage as business travel account director.

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Hotel Business

APRIL 1, 2024

By Hooman Shahidi The electric vehicle (EV) market in the U.S. The number of rechargeable cars sold is up 50% year-over-year, and experts predict that EVs and plug-in hybrids will likely account for nearly a quarter of all cars on the road in 2024. Electric cars account for roughly 1% of vehicles on the road in the U.S.,

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Modern Restaurant Management

FEBRUARY 26, 2024

Implementing multifactor authentication for customer accounts for card-not-present transactions can also help minimize this risk. According to industry benchmarks and studies , the total transaction value of the digital payments market is projected to reach $10.64 trillion in 2024.

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Hotel Owner

FEBRUARY 16, 2024

Despite economic challenges, Scotland accounted for approximately 14% of all UK hotel deals, indicating the market’s resilience. Looking ahead, confidence is expected to return to the market, with several sale processes underway and anticipated hotel openings.

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Revenue Hub

NOVEMBER 3, 2023

Are there ways to make the 2024 budgeting process more streamlined and efficient? In fact, many hotel teams already started planning for 2024 months ago. For the later part of the year we rely heavily on our current forecasts to build the numbers for the following year as well as up-to-date market and industry forecasts and trends.”

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Hotel Business

MARCH 17, 2023

She brings extensive experience to the CoralTree team having held several different sales positions with luxury brands and independent hotels in key markets such as Chicago and Southern California. The home office marketing team recently added Ashleigh Irving as marketing director for the company.

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Revenue Hub

SEPTEMBER 5, 2023

Analyze historical data, market trends, and the performance of various revenue streams to make informed decisions on allocating resources effectively. You’ll need to address problem areas in your 2024 hotel budget. TRevPar accounts for the total income generated by an account, including meeting space, F&B services, and amenities.

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Hotel Business

APRIL 12, 2023

Full recovery following the pandemic appears likely by late 2024 or early 2025. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. However, international trips and live events are set to account for much of expected growth in 2023.

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Hotel Business

APRIL 16, 2024

He is expected to join the company’s board of directors after the 2024 Annual Meeting of Stockholders, which will be held in May. diversified commercial real estate portfolio and executed property and capital market transactions exceeding $5 billion. Jeffrey Donnelly , previously EVP/CFO, has been appointed CEO.

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