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Hotel dynamic pricing: Definition, examples, and best software to use

Hospitality Net

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

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Ashford Hospitality Trust Sells The Residence Inn Salt Lake City

Hospitality Net

Ashford Hospitality Trust, Inc. NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2 When adjusted for the Company’s anticipated capital expenditures, the sale price represents a 4.6%

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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

Ashford Hospitality Trust Inc. has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay for $171 million ($438,000 per key). 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 2023 hotel EBITDA.

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UKH calls for more business access to new energy proposals

Hotel Owner

A response from the hospitality body comes as the Department for Energy Security and Net Zero proposed to expand access to the Energy Ombudsman and Ofgem to widen the Complaints Handling Standards. As currently proposed, thousands of hospitality businesses would be unable to feel the benefit.

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Leveraging Historical Data for Revenue Management

Revenue Hub

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date Understanding Historical Data and Its Impact on Revenue Strategy At the heart of a thriving hospitality enterprise lies a treasure trove of data − your historical performance records.

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Hersha Hospitality Trust to be Acquired by KSL Capital Partners

Hospitality Net

The purchase price represents a premium of approximately 60% over Hersha’s closing share price on August 25, 2023, the last full trading day prior to this announcement. per share in an all-cash transaction valued at approximately $1.4 per share in an all-cash transaction valued at approximately $1.4

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AMEX GBT to acquire CWT

Hospitality Net

The transaction will be funded by a combination of stock and cash and is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.