Sat.Feb 24, 2024 - Fri.Mar 01, 2024

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What can hospitality learn from airlines?

MEWS

In 2023, the industry’s net profit margin was less than three percent. This requires an ambitious approach to utilization, and it’s definitely something hospitality can learn from. The utilization mindset Running a profitable airline is hard.

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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

Ashford Hospitality Trust Inc. 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 million, its net operating income was $14.9 capitalization rate on 2023 net operating income, or 12.3x 2023 hotel EBITDA.

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Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay

Lodging Magazine

DALLAS—Ashford Hospitality Trust, Inc. 31, 2023, the hotel’s net income […] The post Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay appeared first on LODGING Magazine. The sale is expected to be completed in March and is subject to normal closing conditions. For the trailing 12 months ended Dec.

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Hotel Brands Check Into Fresh Vertical Revenue Streams

Revenue Hub

“The expansion into new verticals isn’t a new development, but the pandemic spurred hotel brands to unleash their creativity,” says Marina Bracciani, Vice President, APAC Hotels Research, JLL Hotels & Hospitality Group. “In Building loyalty beyond the lobby Several brands are venturing into the realm of branded residences.

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Rethinking Metasearch Budgets After Google Removes CPA Bidding

Revenue Hub

The shift from commission to upfront payment models For years, Google’s CPA model provided a safety net for hotels, ensuring that they paid for advertising only when it resulted in actual stays.

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Marriott announces first Marriott All-Inclusive in the Dominican Republic

Hospitality Net

Marriott International in the Caribbean and Latin America announced today the latest addition to its All-Inclusive by Marriott Bonvoy portfolio with the signing of Marriott Miches Beach, An All-Inclusive Resort, currently the Sunrise Miches Beach Resort in Dominican Republic.

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Omni Hilton Head Oceanfront Resort Welcomes New Era of Coastal Elegance with $26 Million Property-wide Renovation

Hospitality Net

Omni Hilton Head Oceanfront Resort has unveiled the completion of its highly anticipated $26 million property-wide renovation.

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