Hotel Owner

APRIL 19, 2024

While this has been difficult for many businesses across the industry, the impending and much-needed travel boom is set to significantly benefit hotel companies and owners who operate in the mid-scale market most of all. But where exactly do the opportunities lie for the mid-scale market in 2024?

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Hotel Business

FEBRUARY 1, 2024

According to the 2024 State of the Meetings Industry report from Knowland and ConferenceDirect , pricing continues to be an issue with 47% of meeting planners. The report reveals insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2024.

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Modern Restaurant Management

JANUARY 30, 2024

So, what can the QSR industry expect in 2024? Net sales are primarily driven by average check increases and pricing opportunities are diminishing. percent in December 2022 and the steep rate of average price increases by QSRs has slowed to just +4.5 The operative word, however, may be “half.” Inflation slowed to 3.4

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Hotel Owner

MAY 16, 2024

Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023. Our Index is formulated in such a way that high land and construction costs and sluggish hotel market growth are penalised.

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Modern Restaurant Management

FEBRUARY 5, 2024

Pizza Ordering Predictions HungerRush released the results of a national dining survey on 2024 pizza ordering predictions for The Big Game (February 11) and National Pizza Day (February 9). Restaurateurs are not only investing in AI to address labor challenges – more established automation tools are also on the agenda in 2024.

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Modern Restaurant Management

JANUARY 3, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. We will rely heavily on the travel industry in 2024 to continue bringing us customers from local cities like Philadelphia, DC, Baltimore, New York, NJ, etc.

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Modern Restaurant Management

DECEMBER 27, 2023

As the calendar turns towards 2024, the restaurant industry stands at a crossroads, with innovation and adaptation at the heart of its ongoing evolution. This vibrant sector, a cornerstone of the global economy that tantalizes taste buds and fuels job markets, is bracing for transformation that will redefine its future.

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Hotel Business

NOVEMBER 16, 2023

CBRE is forecasting RevPAR growth to recover in 2024 as inbound international travel further improves and sector-specific headwinds moderate. RevPAR in 2024 is expected to be 14% greater than 2019 levels. average inflation in 2024. average inflation in 2024. The company forecasts 3.0% ADR increase. It is uncommon for U.S.

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Revenue Hub

JANUARY 17, 2024

As the hospitality industry gears up for a transformative year in 2024, hoteliers face an exciting challenge – how to capitalise on emerging trends to boost bookings and revenue in the first two quarters. Create personalised marketing campaigns that target specific demographics with tailored promotions.

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Revenue Hub

APRIL 8, 2024

Our deep dive into the data reveals that there is plenty of positive potential across these cities, with hotels making the most of the demand and pushing up pricing on match days. Peak prices in many cities thus far are for the group stages, where the line-ups are known and the tickets have been released.

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Revenue Hub

JANUARY 11, 2024

NB: This is an article from Userguest , one of our Expert Partners As we step into 2024, several key trends are set to redefine the landscape of hotels and accommodations. Data-Driven Marketing Campaigns In the quest for optimal resource allocation and marketing ROI, hotels are turning to data.

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Hospitality Net

FEBRUARY 7, 2024

Anticipations for international travel in 2024 are predominantly optimistic in key long-haul markets for Europe. This is according to the latest Long-Haul Travel Barometer (LHTB) 1/2024 published today by the European Travel Commission (ETC) and Eurail BV.

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Modern Restaurant Management

DECEMBER 19, 2023

However, high-interest rates are pushing some prospective buyers out of the market who can’t pay with cash. Quality restaurants are selling in this market and restaurant owners dealing with burnout from rebuilding their business are looking to get out of the industry and sell. The restaurant industry is back to normal.

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Revenue Hub

FEBRUARY 16, 2024

In early-April 2024, a Total Solar Eclipse will once again pass over cities across North America and drive an influx of spectators in need of overnight accommodations. Hopkinsville, KY, one of the many smaller markets in the path, saw a staggering 1,644% increase in RevPAR that night.

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Hospitality Net

MARCH 6, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

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Modern Restaurant Management

APRIL 10, 2024

But if last year was any indicator, restaurant operators are on the road to relief in 2024. The restaurant equity market also showed signs of recovery, with healthy market debuts from Cava and Dutch Bros. In 2024, we expect these trends to shape the restaurant sector. Full-service menu prices climbed 4.5

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STAAH

APRIL 23, 2024

Using technology like cloud platforms and integrated systems like STAAH Channel Manager improves revenue management efficiency , helping with pricing, inventory, and distribution processes to increase profits. Hoteliers are increasingly turning to sophisticated software solutions to streamline their operations and gain a competitive edge.

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Hotel Business

MARCH 14, 2024

“We believe this new solution will enable our clients to thrive in a competitive market landscape.” AI-powered algorithms can analyze vast amounts of data, including user preferences, booking history and market trends, to provide tailored recommendations and customized experiences for guests.

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SiteMinder

APRIL 28, 2024

The deepened partnership comes as SiteMinder reports that, over the first three months of 2024, bookings from China to the company’s 41,000 hotel customers surged by 75% from the prior year. Indeed, SiteMinder’s Changing Traveller Report 2023 found that Chinese travellers were the most price-resilient globally.

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Modern Restaurant Management

DECEMBER 28, 2023

The ability to gauge real-time customer satisfaction is a game changer for restaurants aiming to adapt and thrive in an evolving market. 2024 AI Predictions As we enter the year 2024, the restaurant industry is on the brink of changes driven by AI that go beyond what is ordinary.

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Revfine

MARCH 20, 2024

In 2024, chasing demand will be a top priority for the travel industry as we head in for a year of moderate growth. While the outlook is promising, lodging businesses are now challenged to increase their RevPAR without alienating price-sensitive guests, as demand is expected to remain relatively flat and inflation rates are high globally.

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Modern Restaurant Management

DECEMBER 27, 2023

restaurant industry will continue to shake off the aftereffects of the pandemic in 2024, but that doesn’t mean the challenges that remain are easily dispelled. Beyond recruiting, many employers are responding to the tight labor market by sharpening their focus on the kind of employee experience they’re providing.

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Hospitality Net

FEBRUARY 19, 2024

Short-term rental supply in key hotel markets is up 24% Across the key hotel markets we’ve mapped, short-term rental supply is up 24% at the end of 2023 versus 2022. This indicates that the gap in price points between hotel and STR is closing*. On average,

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Hospitality Net

APRIL 12, 2024

In 2023, waterpark owners and operators saw a more competitive market as attendance levels remained similar to 2022 while ticket pricing growth was more subdued. New growth is forecasted for indoor and outdoor waterparks in 2024 as several large-scale projects will open that will alter the waterpark landscape.

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Hotel Owner

NOVEMBER 8, 2023

The majority of respondents said they expect to see London’s RevPAR grow in 2024. Hotel executives also showed improved optimism in their expectations for London’s Gross Operating Profit per Available Room (GOPPAR) in 2024 compared to the last two years. Some 58% expect London’s GOPPAR to grow by 1% to 5%, up from 38% last year.

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Hotel Business

JANUARY 4, 2024

Pebblebrook Hotel Trust has extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. Pricing on all the company’s term loans remained unchanged and is based on a pricing grid of 140 to 245 basis points over the applicable adjusted term SOFR. “We The company paid down approximately $157.6

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Revenue Hub

SEPTEMBER 13, 2023

Subscribe to our weekly newsletter and stay up to date Like the thousands of athletes competing in the 2024 games, your hotel needs a preparation plan to maximize its potential. In its simplest form, dynamic pricing can be a manual adjustment of room rates based on factors like demand, event schedules, and occupancy levels.

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STAAH

NOVEMBER 28, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution. The result is increased profitability.

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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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Hospitality Net

NOVEMBER 30, 2023

Leading travel management company BCD Travel published the fourth edition of its quarterly Travel Market Report. The Q4 report, dedicated to presenting an outlook for 2024, provides travel managers and buyers with insights on economic prospects, key risks, projected prices for air, hotel and car rental, sustainable travel trends, and more.

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STAAH

NOVEMBER 21, 2023

Here are 6 easy ways hoteliers can drive direct bookings in 2024 and beyond. Embrace Technology to Attract and Convert While rate parity clauses may tie your hands, smart pricing models can still make direct rates irresistible. Unleash the Power of Email Marketing Your database is a treasure trove waiting to be explored.

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STAAH

JANUARY 16, 2024

A few small but powerful tweaks to your overall pricing strategy can make a dent to your revenue. There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillary revenue , upselling and other marketing strategies. Switch to dynamic pricing.

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Hotel Owner

MARCH 12, 2024

The HS Property Hub is bringing together a host of top experts in the Hotels sector to explore opportunities for real estate investment in 2024 during the half-day forum ‘What’s My Hotel Worth? Hotel Market Trends and Valuations’.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Atomize , one of our Expert Partners As these trends continue to manifest, their impact will undeniably influence strategies and operations well into 2024. Given the varied guest profile and seasonality of the region, the management recognized the need for a flexible and responsive pricing strategy.

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Revenue Hub

JANUARY 12, 2024

The Super Bowl is not just a sporting event; For restaurant owners and managers, it is a golden opportunity to leverage Super Bowl restaurant marketing to bring in more people to spectate, celebrate, and enjoy some camaraderie and delicious food.

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EATER

FEBRUARY 16, 2024

city belongs in our Where to Eat in 2024 package. a dining scene that could sit alongside some of the world’s greatest food cities on the ultimate 2024 bucket list, they resoundingly chose Milwaukee, Wisconsin. “Big No matter what type of food you’re interested in, you can find it in Milwaukee — well prepared and reasonably priced.

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eZee Absolute

FEBRUARY 15, 2024

That’s where metasearch platforms step in – like an upgrade to your usual marketing efforts. If the idea of integrating metasearch marketing sounds a bit like rocket science, fear not – this blog is here to be your trusty guide. Simply put, they create a one-stop shop for users to find their ideal stay.

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