article thumbnail

7 Trends Will Change How Hotels Handle Groups and Events Business

Revenue Hub

At the same time, brands can fortify their position within these optimistic market forecasts by prioritizing flexibility. Despite the continued surge in demand, it’s important to note that customers may begin to express some frustration in regard to pricing and rate increases.

Events 86
article thumbnail

Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

Pricing has also increased due to inflation and is expected to rise further due to increased demand. Market Forecasts Despite recent challenges, Australia’s hotel and resorts market is forecast to grow by 13.3% Overall performance so far this year looks promising. in 2023, with domestic travel increasing by 16.9%

article thumbnail

MRM Research Roundup: Mid-August 2021 Edition

Modern Restaurant Management

Government data provides evidence that restaurants are raising menu prices to help offset higher labor costs. The monthly Food Away from Home Consumer Price Index rose to over 4 percent in June, after pacing mostly in the lower single-digit range since 2H09, according to Federal Reserve Economic Data. QSR Marketing Forecast.

Marketing 180