Revenue Hub

FEBRUARY 29, 2024

Typically, when we want to gauge the demand for our destination, locality, and even our property, we turn to Google as the primary source of information. Indeed, Booking.com provides us with a clear indicator of how strong the demand is, how it’s evolving for our destination, and how we’re performing relative to that demand over time.

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eHotelier

APRIL 15, 2024

Seamless digital transactions available at all hours, paired with the desire for memorable in-person interactions and experiences, has seen hotels boost the value of their online bookings, according to Journey.

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Book 130

Revenue Hub

FEBRUARY 15, 2024

When it comes to demand indicators for travel and hospitality companies, events stand out as one of the most accurate predictors of out-of-season spikes. Many businesses still rely on gut instinct or “educated guesses” to predict demand fluctuations, often based on previous year experiences. What are the impacts this has on demand?

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Revenue Hub

JANUARY 9, 2024

If you’re new to revenue management or hotel operations, it will help to get acquainted with hotel demand forecasting, and we can help get you up to speed. Subscribe to our weekly newsletter and stay up to date In this blog we’ll explore what hotel demand forecasting is, what it’s used for, and more. What is a hotel demand forecast?

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Special Events Book Article Information 77

Hotel Owner

APRIL 4, 2024

Demand in the UK hotels sector started to pick up in February, boosted by half-term holiday staycations, according to RSM. Occupancy jumped to 71.4% in the UK and 73.2% in London last month, up from 68% and 68.2% respectively in February 2022. Average daily rates (ADR) of occupied rooms increased slightly to £127.19 in the UK and £188.15

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Modern Restaurant Management

NOVEMBER 5, 2021

Food service suppliers have been scrambling to keep pace with fluctuating demand in a supply chain that has been anything but predictable since 2020. But with the delta variant stressing health systems, colder months on the horizon, and uncertainty about the future, suppliers need the right strategy and data to outpace swings in demand.

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Hospitality Net

MARCH 11, 2024

Predicting demand for overnight accommodations is essential for everyone in the hospitality and tourism industry. This blog post investigates the factors that drive travel and offers insights into how accommodation providers can better forecast demand based on the motivations behind a visitor’s journey.

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Modern Restaurant Management

SEPTEMBER 10, 2020

The UAV industry is on the cusp of an historic decade with on-demand drone delivery solutions taking flight. Both tech giants like Amazon and Alphabet as well as startups are rolling out new models of aerial delivery in a bid to appeal to consumers’ appetite for quicker, cheaper, on-demand delivery. A New Market Landscape.

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Modern Restaurant Management

FEBRUARY 7, 2022

There are many factors that impact consumer demand that QSRs must consider in their planning process – severe weather, school and college sessions and holidays, large events as well as pandemic restrictions. Understanding What Drives Demand. Historical Data Alone Won’t Cut It Anymore.

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Hotel Owner

DECEMBER 8, 2023

Growth in demand for UK hotel accommodation is expected to stall in 2024, with the pain likely to be shared equally across London and the regions, according to PwC’s UK Hotel’s forecast for 2024. But unlike in previous years, the outlook for slowing growth in demand in 2024 will be felt right across the UK.”

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Hotel Owner

FEBRUARY 29, 2024

The UK hotel sector saw a seasonal decline in demand and room rates during January, according to data from RSM. While demand in the sector typically dwindles at this time of the year, the industry is bracing for forthcoming headwinds. Despite the drop, UK and London occupancy remains above the same period in 2022, at 59.4%

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Budgeting 98

Revenue Hub

JULY 24, 2023

The demand for hotel accommodations is closely linked to the demand for travel to a specific destination. NB: This is an article from Demand Calendar Factors such as the destination’s appeal for tourism, business events, cultural festivals, and other attractions are the primary drivers of the demand for overnight stays.

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Hotel Owner

OCTOBER 18, 2023

The group said there was strong levels of consumer demand from both leisure and business customers over the period. London was “particularly strong”, boosted both by domestic and international inbound demand, and there was also a year-on-year increase in office-based business travel.

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Lodging Magazine

DECEMBER 29, 2023

Extended stay, he said, accounts for 10 percent of overall […] The post Everhome Suites Targets Growing Midscale Demand and Spurs Growth for Choice appeared first on LODGING Magazine.

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Hospitality Net

SEPTEMBER 15, 2023

This article provides an overview of Richmond’s hotel performance and demand sources. In the past three years, the city of Richmond has seen significant growth in RevPAR, outpacing the regional area and the state of Virginia in the post-pandemic recovery period.

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Article 104

eHotelier

MARCH 13, 2024

Expedia Group continues to power travel for everyone, everywhere by broadening its global reach through a series of new and expanded partnerships underpinned by one of the world’s best in travel technology and supply.

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Hospitality Net

NOVEMBER 8, 2023

hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L data from CoStar. A recent increase in U.S.

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Information 107

Hospitality Net

MARCH 13, 2024

Recent research commissioned by AHLA Foundation, the charitable arm of the American Hotel and Lodging Association (AHLA), projects robust demand for hotel industry jobs over the next five years, outpacing overall market job growth.

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Marketing 75

Hotel Owner

NOVEMBER 7, 2023

‘Bleisure’, a trend of combining a work trip with leisure activities, is becoming a mainstream and sustained component of hospitality and travel demand, according to new data from global professional services firm Alvarez and Marsal (A&M).

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Scheduling 98

Hotel Owner

OCTOBER 9, 2023

Hotels in the UK saw RevPAR grow by around 10% this summer as a result of events and international demand, according to data from CoStar. Edinburgh experienced the highest RevPAR uplift, achieving the strongest occupancy at around 89% while rates continued to see robust growth.

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Revenue Hub

JANUARY 9, 2023

Forecasting in the hotel industry involves predicting future demand for rooms and other hotel services. NB: This is an article from Demand Calendar. Several factors can influence demand for hotel rooms, including the time of year, local events and attractions, and overall economic conditions.

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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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Modern Restaurant Management

JULY 6, 2022

Substantial price hikes on restaurant menus are causing consumers to choose other options aside from eating or taking out, and a ‘tipping point’ is on the horizon where inflation will depress overall demand. Effect of Inflation on Consumer Demand. Higher inflation affects restaurant owners, operators and their customers.

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Pricing Marketing 193

Revenue Hub

NOVEMBER 28, 2022

To capture demand, hotel marketing strategies should be in place to reach the ideal traveler at each stage of the booking process. Business travel demand continues to rise and these travelers are looking forward to being back on the road, attending industry events, meeting with clients, and conducting on-site visits. As we shared in?our

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Book Article Marketing Events 93

Hospitality Net

SEPTEMBER 20, 2023

Leisure demand was tapering off, but group demand and major events were on the rise. In early Q3 2023, STR completed the third edition of the Hospitality Industry Sentiment (HIS) survey, a quarterly survey of travel industry professionals.

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Modern Restaurant Management

FEBRUARY 16, 2021

In this episode of The Main Course host Modern Restaurant Management (MRM) Executive Editor Barbara Castiglia discusses the rising demand for off-premise and more with Brian Wayne, VP of Customer Success at QSR Automations. Working with restaurants for more than two decades, the company has a good view of the industry and its challenges.

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Communication 204

eHotelier

JANUARY 19, 2023

In this Webinar, we explore the actions required to capture direct business through owned, earned and paid media, with actionable insights and key takeaways.

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Book 130

Lodging Magazine

JUNE 12, 2023

Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. This year […] The post Uptick in Profit: Group Demand and F&B Revenues Drive Gains appeared first on LODGING Magazine. hotel industry. with a healthy margin of more than 36 percent over 12 months.

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Presentation Pricing Magazine Marketing 111

eHotelier

JANUARY 22, 2024

Hotel supply grew a meager 0.5% in 2022 and is forecasted to grow just 1% on average for the next three years, according to a CBRE June report. Meanwhile, deman

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Hotel Owner

SEPTEMBER 29, 2023

The UK hotel sector has seen a slowdown in demand during August, in line with seasonal trends, but the drop in room rates last month was more acute due to the record rates in July, according to RSM’s Hotels Tracker. But many households have remortgaging on the horizon, which in turn, could impact demand for holidays and hotels.

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Boutique Hotel News

JANUARY 19, 2023

The post Demand for staycations in 2023 to boost UK economy appeared first on Boutique Hotel News. Hotels, holiday parks and other UK accommodation providers will need to go back to basics and make the effort to understand the customer and what they want at the right price.

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eHotelier

JANUARY 17, 2024

Hotel supply grew a meager 0.5% in 2022 and is forecasted to grow just 1% on average for the next three years, according to a CBRE June report. Meanwhile, deman

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Lodging Magazine

DECEMBER 7, 2023

WASHINGTON—Improvement in group demand across the Top 25 Markets drove U.S. The Top 25 Markets have showed an 11 percent jump […] The post CoStar: Group Demand Impacts October P&L Data appeared first on LODGING Magazine. hotel revenue and profit growth, according to October P&L data from CoStar.

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Magazine Marketing 64

Lodging Magazine

MAY 18, 2023

DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. Average daily rate (ADR) […] The post CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth appeared first on LODGING Magazine.

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Magazine 105

Lodging Magazine

OCTOBER 20, 2022

According to the 2022 Deloitte Holiday Travel Study, as a worsening economic outlook and concerns over travel disruption loom, travel demand is slowing. The post Deloitte: Holiday Travel Demand is Slowing Amid Economic Concerns appeared first on LODGING Magazine. As consumers aim to keep the holidays festive, they […].

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Magazine 111