Modern Restaurant Management

APRIL 9, 2024

A chief reason is due to caution or uncertainty exhibited by conscious consumers, with 48 percent saying they are taking the ‘wait and see’ approach and holding back on spending in 2024. So, what’s the solution? ” It gets better.

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eHotelier

DECEMBER 11, 2023

Tips to maximise hotel revenue in 2024 - Insights Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips.

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Pricing 246

Hospitality Magazine

JANUARY 17, 2024

Each set menu is priced at $119 and bookings are now open. The post Sydney’s Lana announces 2024 collaborative chef series appeared first on hospitality | Magazine. Come April 10, diners will be able to sample Oh’s take on a tiramisu with injeolmi and Milkis and a guanciale and kimchi pie.

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Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. 2024’s Outlook: Positive The restaurant industry is cautiously optimistic as we head into the new year.

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Hospitality Net

NOVEMBER 6, 2023

Welcome to Skyscanner’s Travel Trends 2024 report, our lowdown on the latest trends shaping industry and traveler behavior. Searching over 80 billion prices every day, connecting millions of travelers across 52 countries and 32 languages, Skyscanner is perfectly placed to shine a light on the biggest travel trends for 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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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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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. These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies.

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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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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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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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Hotel Owner

JANUARY 8, 2024

Less than a third of families in the UK are planning a UK city break in 2024, according to a survey from RSM UK. Overall, families are planning to take fewer holidays in 2024 with only of respondents 33% looking to take an overseas holiday, which is down from 37% last year.

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Lodging Magazine

FEBRUARY 7, 2024

Duetto acquired Micerate, a provider of pricing and online booking tools tailored for meetings and event spaces. The milestone underscores Duetto’s dedication to revenue management solutions, with a focus on the groups and events sector.

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Hotel Owner

JANUARY 2, 2024

UKHospitality has unveiled a three-point plan which it will focus on in 2024 to put hospitality at the “front and centre of policy making” ahead of the next General Election. The government has also confirmed that chancellor Jeremy Hunt will deliver his Spring budget on 6 March 2024.

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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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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. Dynamic Pricing for Strategic Revenue Management: Embrace dynamic pricing models that go beyond traditional approaches.

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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. Attribute-Based Pricing Takes Centre Stage As personalised experiences become more sought after, attribute-based pricing is expected to dominate in 2024.

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Hospitality Net

NOVEMBER 22, 2023

Visitors heading to Paris for next year’s Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments.

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Pricing 75

Hospitality Net

FEBRUARY 8, 2024

Despite signs of recovery in 2023, the hospitality sector’s 2024 outlook is unpredictable. Deloitte’s Hospitality Industry Outlook 2023 identified the hospitality sector’s key challenges for 2024 as a drop in consumer confidence, continuing labor shortages, and the inability of hotels to raise prices despite escalating costs.

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Hotel Owner

APRIL 19, 2024

But where exactly do the opportunities lie for the mid-scale market in 2024? We know that our peers are looking at the mid-scale opportunities and our market share growth in 2024 will be challenged by several other brands seeking to enter and expand in the space.

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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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Revenue Hub

FEBRUARY 8, 2024

Despite signs of recovery in 2023, the hospitality sector’s 2024 outlook is unpredictable. While the effectiveness of these hotel revenue management strategies will vary by location, audience and the economy; here are ten effective ways to increase your hotel’s revenue in 2024.

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Hotel Business

MARCH 14, 2024

AI algorithms can also optimize pricing strategies dynamically based on factors such as demand fluctuations, competitor pricing and historical data analysis, ensuring hotels maximize profitability while remaining competitive in the market. The post Maestro unveils 2024 tech roadmap appeared first on hotelbusiness.com.

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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. It’s a continuing problem into 2024 for establishments that serve, making it critical to have adequate liquor liability insurance.

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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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Modern Restaurant Management

DECEMBER 28, 2023

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. Dynamic Pricing Strategies : Using AI algorithms menu prices will be dynamically adjusted, based on factors optimizing revenue and adapting to real time market trends.

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Hospitality Net

FEBRUARY 19, 2024

Short-term rental prices are growing faster than hotels While the average change in rates for Q4 year over year was +16% across all of the markets we looked at, hotels averaged at 11% growth compared with 21% in 1 bedroom short-term rentals. This indicates that the gap in price points between hotel and STR is closing*. On average,

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Hotel Owner

OCTOBER 9, 2023

in 2024, despite an expected softening of leisure travel demand, according to the latest annual hotel monitor from American Express. Amex data found that rates in more locations globally during 2024 are likely to continue to rise, despite an expected softening of leisure travel demand. Hotel rates in London are likely to increase 9.1%

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Hospitality Net

JANUARY 9, 2024

ORLANDO, FLORIDA and DALLAS, TEXAS – JANUARY 9, 2024 - ROOMDEX, the sole provider of attribute-based upselling for hotels, has announced a strategic partnership with DerbySoft.

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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. Read the full article at STR The post 2024 Total Solar Eclipse: How Will Hotel Performance Compare to 2017? appeared first on Revenue Hub.

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Hospitality Net

NOVEMBER 30, 2023

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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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. Data is being used to drive insights on booking patterns, seasonal adjustments, personalising guest experiences and driving dynamic pricing strategies. A flexible pricing strategy adjusts in real-time to a shift in demand.

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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 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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Modern Restaurant Management

APRIL 10, 2024

But if last year was any indicator, restaurant operators are on the road to relief in 2024. In 2024, we expect these trends to shape the restaurant sector. Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. Full-service menu prices climbed 4.5

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Hospitality Net

MARCH 22, 2024

Opening in Fall 2024, The Strand is a thoughtfully crafted luxury resort and residential community in the heart of Cooper Jack Bay with 41 luxury beachfront villas and custom residences available for purchase or overnight accommodations. Starting price of residences is $2,525,000.

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Pricing 52