Revenue Hub

DECEMBER 8, 2023

In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8 To stay relevant and resilient in 2024 and beyond, here are five key hospitality trends and the innovations they’re supported by.

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Hotel Owner

NOVEMBER 24, 2022

We were asking ourselves how best to make it easier for housekeeping, too. What industry trends is the Andaz anticipating for 2023? . My view on industry trends right now is that there are a lot of people coming up to London and there’s a lot of things happening all over.

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Hotel Business

NOVEMBER 9, 2022

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. A few examples of this include using energy-efficient lightbulbs, cross-training associates, optimizing labor scheduling, locally sourcing ingredients for menu items and optional daily housekeeping.

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Revenue Hub

OCTOBER 20, 2023

Subscribe to our weekly newsletter and stay up to date GOP Margin by Country 2019 – 2023 1. 2023 Hotel Performance: Growth Is Slowing In UAE, Saudi Arabia, India, Brazil, and the Caribbean, hotel profit margins in the first half of 2023 well surpassed 2019 levels, whereas they lagged in the UK, Germany, Spain, Poland, and Qatar.

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SiteMinder

FEBRUARY 28, 2023

One result of this was the entertainment hub of Macau exceeding 55,000 daily arrivals in mid-January 2023, the highest since the pandemic began. Early data indicates that travellers from China will take 110 million international trips in 2023, two-thirds of 2019 volume. Naturally, this caused some consternation around the world.

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Hotel Business

MAY 16, 2023

Using the automation tools in your PMS, you can track trends, easily adjust where occupancy is sitting and implement changes through tools vs. spending hours manipulating your rates. This automation can look like room management, housekeeping and staff portal/staffing optimizations.

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Revenue Hub

MAY 16, 2023

To illustrate the value of looking beyond the rooms top line, let’s look at a hypothetical example: The subject hotel is a 100-room property and its March 2023 results. March 2023 March 2022 Variance ADR $338.50 $313.40 to $338.50. Occupancy % 65% 67% -3.0% RevPAR $220.00 $210.00

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EATER

DECEMBER 27, 2023

Bettina Makalintal From saving rice water to the best cookie recipes, the most read Eater at Home stories of the year Taking a look back at 2023 as it manifested in Eater at Home’s most popular stories, a couple of things become readily apparent: y’all really like kitchen hacks, strong opinions, and cookies.

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SiteMinder

MARCH 13, 2024

billion in 2023, booking apps are where the money is – as well as your own hotel website. Best hotel booking app in USA Thanks to SiteMinder’s Hotel Booking Trends, we know the best hotel booking app in the USA and across the rest of the world. Given the online travel industry generated revenue worth $667.55

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Hotel Business

MARCH 1, 2023

Hotel Business spoke with executives from hotels around the world to see what they expect for travel in 2023, and what they are doing to attract guests. We have already begun to offer ways for guests to easily reconnect with colleagues and other guests and will continue to make that a major focus in 2023. Lastly, value.

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Les Roches

OCTOBER 30, 2023

Personalization has emerged as a critical trend in the hotel industry, with hotels using data analytics and AI to understand guest preferences and deliver tailored experiences. Mobile devices and guest experiences Mobile devices have become indispensable and the hotel industry has capitalized on this trend to enhance customer experiences.

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Les Roches

JULY 11, 2023

Completing hospitality internships, understanding hotel trends 2023 and knowing how to answer the question what does a hotel management company do ? Aspire to manage a team of passionate chefs? Practical experience working in restaurants can give you on-the-job training. can be beneficial.

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Les Roches

MARCH 23, 2023

Technology in hotels How to manage a hotel in 2023 and beyond? Here are some of the hotel trends in 2023 shaping the industry. Contactless payments These are one of the most significant hotel technology trends. Meet changing customer expectations : As technology evolves, guest expectations increase.

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Larry Mogelonsky

DECEMBER 11, 2023

As we review the numbers thus far from 2023, operational and labor costs continue to edge up in lockstep with guest service expectations, and yet some of the latest projections show travel demand as normalizing at or slightly above current levels.

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Hotel Business

NOVEMBER 18, 2022

The conversation began with a look forward to 2023. I think a big part of 2023 is how you dial up optimization of labor so that you can protect the profit generation you made this year and heading into next year.”. We see this trend in housekeeping because there’s the trash in the room and it takes longer per occupied room to clean.

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