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UK hotel market recovery exceeds expectations in FY22

Hotel Owner

The UK hotel market has continued its recovery in 2022, as a strong trading performance exceeded expectations for the year, Knight Frank has said. . Despite international visitor arrivals remaining lower than pre-pandemic, the ability to drive rates within a high inflationary environment saw ADR surge 22% ahead of 2019 prices.

Marketing 105
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Pebblebrook extends 2024 term debt to 2028

Hotel Business

As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. 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 Following these debt activities, the company has approximately $2.2

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Marriott outlines three-year growth plan

Hotel Business

presented the company’s three-year financial model through 2025 at its meeting with institutional investors and security analysts today at the W South Beach in Miami Beach. million rooms by year-end 2025. billion in 2025. billion in 2025. billion over the three-year period through 2025. billion to $5.8

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From Base to Premium: How AI is Redefining Hotel Ancillary Revenue

Revenue Hub

trillion and accounting for nearly 70% of the global economic impact. The potential of AI in the travel and hospitality sector is enormous, with the market estimated to exceed $1.2 billion by 2026, growing at a CAGR of over 9.7% from 2021 to 2026.

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Deloitte: Business travel begins to take off

Hotel Business

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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How to Fight Rate Disparity and Keep Room Rates in Check

Revenue Hub

NB: This is an article from Net Affinity Travellers are constantly comparing rates across channels – especially Millennials and Gen Y, who hold the largest travel market share at 33% of the market. In 2021, OTAs accounted for 52% of the hotel online market, but the share is expected to decline to 48% in 2025.

Pricing 58
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How did the cost of food delivery get so high?

EATER

They’re merely fulfilling a demand in the market, naturally taking a cut for themselves — two plus two equals four. Menu prices are almost always more expensive than ordering directly from restaurants. For restaurants, there’s a price as well. Another faction argues that this isn’t fair, because it’s already so unaffordable.

Pricing 145