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.

Marketing 40

Marketing Travel and Tourism Pricing 40

Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences. 

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Hotel Owner

DECEMBER 5, 2022

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.

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Marketing Accounting Pricing 105

Hotel Owner

MARCH 7, 2023

Trade body UKHospitality has recently called on gas and electricity regulator Ofgem to intervene in the non-domestic energy market as businesses struggle with costs and a looming reduction in government support.

Pricing 110

Pricing Marketing 110

Hospitality Net

AUGUST 2, 2023

Denver, CO – OTA Insight, the global leader in cloud-based hospitality business intelligence, today released a comprehensive analysis highlighting the influence of Taylor Swift’s Eras Tour on hotel demand and pricing, both domestically and internationally.

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Marketing Pricing 56

Hotel Owner

MAY 22, 2024

Edinburgh has outperformed domestic hotel markets in light of its tight supply and growing tourism demand following the pandemic. Edinburgh’s world-renowned reputation for culture, sport and business make it one of Europe’s strongest hotel markets, which is being further driven by the post-pandemic recovery in international tourism.

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Hotel Owner

JUNE 4, 2024

Out of the 40 markets CoStar tracked about 30 reported declines in RevPAR performance over the past month. Domestic tourist destinations such as Cumbria, including the Lake District, York, and East and West Yorkshire, were some of the “worst hit”. However, performance has been mixed across the country, depending on the market.

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Larry Mogelonsky

FEBRUARY 19, 2024

Adding to these challenges, RWLV has partnered with Hilton Hotels and has to position its three different room products in ascending order: Hilton, Conrad and Crockfords (also marketed as part of Hilton’s LXR Hotels & Resorts brand). All this hinges on raising awareness and marketing to feed the sales funnel across all segments.

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Hotel Owner

MAY 11, 2023

The committee said it voted to increase the bank rate in an attempt to continue to address the “risk of more persistent strength in domestic price and wage setting”, as represented by its projected distribution for CPI inflation. Uncertainties around the global financial and economic outlook “remain elevated”, it added.

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Pricing Marketing 104

Serviced Apartments

FEBRUARY 8, 2024

Bookings can be confirmed the day before flight departure for domestic travel and 10 days before overseas travel. It’s tailor-made for people embracing a flexible lifestyle and the ability to travel frequently – we’re proud to partner with Frontier to deliver the ultimate adventure at an affordable price.” Further information here.

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Revenue Hub

MAY 31, 2024

Our universe of respondents included travelers from five major, representative source markets: China, Germany, the United Arab Emirates, the United Kingdom, and the United States. Younger travelers have become adept at spotting international destinations that feature more affordable prices or comparatively weak currencies.

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Article Budgeting Pricing Book 91

Revenue Hub

SEPTEMBER 12, 2023

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. Geographic Segmentation : Location: Domestic, international, specific regions or countries.

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Pricing Book Article Blog 105

Hotel Owner

JANUARY 26, 2024

Revenue per available room in the UK rose 9% in December with New Year’s Eve seeing the highest prices across hotels in the UK, according to data from CoStar. Hotels saw the highest average rates during New Year’s Eve in 2023 as prices reached £165.

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Pricing Marketing 52

Hotel Owner

JUNE 29, 2023

Energy costs are hitting farmers, food producers and manufacturers, and hospitality businesses and will result in entrenched inflation, unless businesses can get out of energy contracts that were fixed far above the current market rate.

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Pricing Marketing 100

SiteMinder

MAY 8, 2024

Hotels in Thailand stood tall during the country’s largest and most important cultural event,” says Bradley Haines, market vice president of Asia Pacific at SiteMinder. Furthermore, domestic travellers in April reached their highest levels since October of 2023.

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Hotel Business

FEBRUARY 14, 2024

RobertDouglas conducts its annual lender survey to measure the current state of financing market conditions and ascertain critical future expectations through the lens of the specialist hospitality lending community.

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Pricing Marketing 111

SiteMinder

FEBRUARY 8, 2024

Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. What are Chinese travellers?

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Marketing Travel and Tourism Book Catering 52

Hotel Owner

JANUARY 16, 2023

The group has stated that since the energy cap was raised last year they have come across examples of energy companies raising rates above wholesale prices, hiking standing charges, demanding large deposits, and in some cases refusing to work with hospitality. It also wants an end to blanket withdrawal of quotes to sectors.

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Hospitality Magazine

JULY 31, 2023

It’s impossible for local distillers to consider employing new staff, opening a distillery door or accessing new export markets with this out of control tax,” he said. “If If the government is serious about growing domestic manufacturing jobs, particularly in the regions, they can’t have it both ways.”

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Magazine Pricing Marketing 130

SiteMinder

APRIL 16, 2024

The rise – which saw travellers book their stays, on average, 32 days ahead of check-in compared to 19 days in the prior year – is the result of changing booking behaviours among travellers and far surpasses the 20% rise averaged in hotel markets globally. The data was revealed by SiteMinder at the 7th Hospitality Vietnam Conference.

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Book Reservations Accounting Marketing 104

SiteMinder

APRIL 17, 2024

You can advertise your listings with in-app pop ups, push notifications, and email marketing, as well as content marketing with blog posts, branded travel guides, and branded landing pages. This includes opportunity reports, travel insights, and domestic trends.

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Book Blog Pricing Marketing 52

Revenue Hub

OCTOBER 7, 2022

In this article, we take a look at the challenges hotels are facing today, and outline a list of Hotel Sales & Marketing Tips you should implement to differentiate your business from the competition in 2023. Current market signals point strongly to a winter like 2019. These concerns are as follows: The Price of Air Travel.

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Pricing Article Marketing 82

Hotel Owner

FEBRUARY 2, 2023

As part of its summary, the MPC said the decision comes as global consumer price inflation remains high, although it is likely to have peaked across many advanced economies, including in the UK.

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Pricing Marketing 105

STAAH

OCTOBER 25, 2022

From effectively using the channel manager for distribution management to leveraging products such as Precium from Redsky that takes over from a skilled revenue manager to provide pricing recommendations based on analytics. Demand and pricing. When Covid hit, many destinations quickly moved to attract domestic guests.

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Blog Pricing Book Information 72

Hotel Owner

JULY 5, 2023

The Hunday Manor Hotel in the Lake District National Park has been sold to Osprey Hospitality Group from a guide price of £1.6m. We’re pleased to have been able to facilitate the quick sale of Hunday Manor Hotel which was only listed on the market earlier this year. This is our 56th sale in the region since the beginning of 2021.”

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Special Events Events Pricing Marketing 105

Hospitality Magazine

JANUARY 24, 2024

In August last year Australia’s spirits tax rose to over $100 per litre of alcohol and the bi-annual indexation continues to fuel inflation and cost of living pressures, having already risen in line with the Consumer Price Index (CPI) by a total of 12.5 It’s the worst market I’ve ever operated in. per cent in under two years.

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Budgeting Scheduling Magazine Pricing 130

Hotel Owner

MARCH 23, 2023

Meanwhile, it noted there had been “large and volatile moves” across global financial markets, particularly following the fall of Silicon Valley Bank and ahead of UBS’s purchase of Credit Suisse. decline predicted last month.

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Budgeting Pricing Marketing 105

Hotel Owner

JUNE 14, 2023

The group said its margin performance has continued to improve, and its decentralised hotel teams are “successfully managing the inflationary environment through the use of dynamic pricing, cost management and an increase in sustainability initiatives delivering a reduction in utility consumption”.

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Pricing Marketing 105

Revenue Hub

FEBRUARY 22, 2023

Each quarter, we share traveler insights based on our first-party data and research to better understand traveler behavior to help our marketing partners reach and convert travelers. While overall intentions to travel are high, traveler spending behaviors are expected to evolve, pointing to the growing importance of price and value.

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Pricing Article Information Book 79

Revenue Hub

JANUARY 30, 2024

While indirect booking sources are popular amongst travellers and vital to hotel success in many markets, direct bookings are considered most beneficial to hotels, as they do not result in additional fees or commissions paid to agents or other third-party sources. Direct and indirect booking sources exist both online and offline.

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Book Reservations Article Scheduling 79

Hotel Business

MARCH 28, 2024

“We are pleased to expand our portfolio with the acquisition of the AC Hotel Washington DC Convention Center and are thrilled to establish a presence in downtown Washington, DC, a market we have tracked and wanted to have a presence in for some time,” said Nelson Knight, president, real estate and investments, Apple Hospitality.

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Pricing Events Marketing 59

Revenue Hub

JANUARY 13, 2023

Domestic flight bookings immediately surged 56% on the previous week and continued to increase 69% the following week. On 26th December, China removed all COVID-related restrictions on domestic air travel; and bookings surged again, reaching 50% of 2019’s level in the final week of the year. Read more articles from ForwardKeys.

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Book Scheduling Article Pricing 82

Hotel Owner

JANUARY 26, 2024

However, six cities, including Birmingham, Newcastle, and Manchester, experienced over 10% RevPAR declines due to pricing losses. The 2024 outlook is positive overall, but a growing divide may emerge between international destinations like Edinburgh and London and domestic-focused cities.

Hospitality Management 52

Hospitality Management Pricing Marketing Events 52

Revenue Hub

AUGUST 1, 2023

NB: This is an article from SiteMinder , one of our Expert Partners These sites often provide comprehensive information about the hotel, including room availability, amenities, prices, location, and user reviews. This allows hotels to reach out to a global audience, extending their reach beyond local and national markets.

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Book Article Pricing Information 88

Hotel Owner

MAY 1, 2024

Substantial” offers were invited for the properties, and an undisclosed price was paid for the two hotels together. Uno Hotels will be running the assets through two new companies; Cumberland Assets Ltd and Four Hillside Assets Ltd.

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Pricing Marketing 52

Hotel Business

MAY 3, 2024

Global occupancy moved up to 62% and ADR increased by a further 2% as pricing remained robust, reflecting the complete return of leisure, business and group travel.” Quicker to market’ conversions generated more than 35% of openings and signings in the quarter, reflecting the attractiveness of our brands and enterprise platform.

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Marketing Pricing 109

Boutique Hotelier

JANUARY 16, 2023

Since the Government introduced its energy support package for businesses, UKHospitality has continued to raise the reckless behaviour of energy suppliers offering rates well above wholesale prices, hiking standing charges, demanding eye-watering deposits, and, in some cases, refusing to work with hospitality.

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Pricing Marketing 85