Hospitality Net

FEBRUARY 16, 2024

Ashford Hospitality Trust, Inc. When adjusted for the Company’s anticipated capital expenditures, the sale price represents a 4.6% capitalization rate on 2023 net operating income, or 18.2x Excluding the anticipated capital spend, the sale price represents a 6.0% capitalization rate on 2023 net operating income, or 14.0x

Definition 69

Definition Pricing 69

Hotel Business

FEBRUARY 29, 2024

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.

Definition 59

Definition Pricing Marketing 59

Hotel Business

APRIL 29, 2024

Ashford Hospitality Trust Inc. The sale price represented a 6% capitalization rate on trailing 12-month net operating income through March. All of the net proceeds from the sale will be used for general corporate purposes including paying down the company’s strategic financing. million ($95,300 per key).

Pricing 69

Pricing Marketing 69

Hospitality Net

SEPTEMBER 12, 2023

Developed by Duetto, Open Pricing transformed revenue management in the hotel industry.

Pricing 101

Pricing 101

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.” increase YOY adjusting for Iberostar Net system size grew 3.4% YOY and is flat YTD; adjusting for Iberostar, net system size is up 3.2% YOY and 0.6%

Marketing 59

Marketing Pricing 59

Hospitality Net

OCTOBER 29, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

Pricing 71

Pricing Definition Marketing 71

Hospitality Net

AUGUST 23, 2023

In recent years, subscription-based pricing models have gained significant momentum across various industries. Transitioning from the traditional fee-for-service approach, this pricing strategy provides customers with unlimited access to a range of products and services for a predetermined fee.

Pricing 79

Pricing Article 79

Hospitality Net

APRIL 12, 2023

The recently released white paper Hospitality Inflation Report 2023 reveals that the hotel industry has effectively handled inflation and has successfully passed on the increased energy and labor costs to guests. This ability to manage costs and maintain profitability is one of the industry’s greatest strengths.

Pricing 99

Pricing Communication 99

Hospitality Net

MARCH 20, 2024

This innovative solution empowers executives to make real-time pricing decisions, freeing them from desk constraints. With positive feedback from early adopters, DecisionIQ promises to revolutionize hotel pricing strategies.

Pricing 40

Pricing 40

Hospitality Net

FEBRUARY 22, 2024

are among a group of hotel chain operators accused of inflating the cost of luxury hotel rooms with help from a price-setting database. Hilton Worldwide Holdings Inc. and Hyatt Hotels Corp.

Pricing 63

Pricing 63

Hospitality Net

MARCH 26, 2024

In the realm of dynamic pricing, the name given to a pricing strategy can have a profound impact on how it is perceived by consumers and can be as pivotal as the fragrance of a rose to its identity. That which we call a rose by any other name would smell as sweet."

Pricing 40

Pricing 40

Hospitality Net

JUNE 21, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today new capabilities for G3 RMS.

Pricing 79

Pricing 79

Hospitality Net

NOVEMBER 15, 2023

This innovative pricing concept enables hotels with 40 or more rooms to start their digital transformation without the usual challenges of an initial investment. SuitePad, the leading provider of in-room tablets in the hotel industry, announces the launch of its Performance Model today, redefining hotel technology financing.

Pricing 81

Pricing 81

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. Closer to home, hybrid hospitality is likely to reap rewards thanks to the continued growth of the consumer preferences that have so far underpinned its success. BHN reports. Stephen McCall , CEO, edyn: .

Pricing 246

Pricing Marketing Budgeting Training 246

Hospitality Net

MAY 31, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period.

Pricing 76

Pricing Marketing 76

Hospitality Net

AUGUST 10, 2023

The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Pricing 66

Pricing 66

Hotel Owner

OCTOBER 27, 2023

Accor, a global hospitality company, reported a strong performance in the third quarter of the year, with like-for-like revenues increasing by 13% to €1.28bn (£1.11bn). Accor’s underlying dynamics continued to show high average prices and an improved occupancy rate compared to 2019 levels. to a private individual.

Training 95

Training Pricing 95

Hospitality Net

OCTOBER 17, 2023

In a recently contributed article on Hospitality Net, Michael Levie asked the question of why we see a slow pace of hotel groups upgrading to contemporary tech stacks. From data analytics, digital transitions, and understanding revenue flows to business intelligence, everything is available at attractive SaaS pricing.

Article 67

Article Pricing 67

Hospitality Net

APRIL 7, 2024

Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS).

Pricing 40

Pricing 40

Hotel Owner

MARCH 7, 2023

In a letter addressed to Grant Shapps, the Secretary of State for Energy Security and Net Zero, UKHospitality has reinstated the pressing need for Ofgem to take suppliers to task for their “unscrupulous behaviour” towards hospitality.

Pricing 110

Pricing Marketing 110

Hospitality Net

NOVEMBER 22, 2023

Visitors heading to Paris for next year’s Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments.

Pricing 70

Pricing 70

Hotel Owner

OCTOBER 20, 2022

Britain’s hospitality sector saw a net decline of one closure every hour in the third quarter of 2022, including hotels, pubs, bars, restaurants and cafes, according to the latest Hospitality Market Monitor from CGA and AlixPartners. The closures over the last quarter follow a “sharp rise” in prices in energy, food and labour.

Pricing 105

Pricing Marketing 105

Hotel Business

JANUARY 12, 2024

JRK Property Holdings , through its $350-million hospitality fund, has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico, from the PRISA Group for an undisclosed price. JRK’s Hospitality Fund focuses on full- and select-service hotels for opportunistic and value-add investments.

Pricing 111

Pricing Events Marketing 111

Revenue Hub

APRIL 22, 2024

For too long, the hospitality industry has managed marketing with an emphasis on the expense side of the ledger. Hotel metasearch becomes particularly relevant when travelers have determined their destination market, have developed a consideration set, and are beginning to develop price expectations.

Budgeting 104

Budgeting Book Presentation Marketing 104

Hotel Business

MARCH 5, 2024

Amadeus Value Hotels equips leisure travel sellers with a range of exclusive prepaid net rates and allows sellers to set their selling prices to optimize revenue. Leisure Connect also allows hotels to improve their control over distribution, manage inventory, optimize pricing strategies and ensure rate parity.

Pricing 72

Pricing Book Back of House 72

Hospitality Net

MAY 3, 2023

More than half (52%) of consumers most value discounted pricing from their travel loyalty programs, creating a tremendous opportunity for travel providers to optimize their pricing strategies with compelling offers that attract and retain high-value travelers.

Pricing 58

Pricing 58

Hospitality Net

AUGUST 2, 2023

King’s Business School and the hospitality sector’s Energy and Environment Alliance (EEA) are launching an executive education programme developed with input from the industry’s leaders to help them to embed Environmental, Social and Governance (ESG) measures in their businesses.

Pricing 62

Pricing 62

InnQuest

AUGUST 3, 2023

In the hospitality industry, guest satisfaction is the ultimate goal. To ensure continuous improvement and success, hospitality businesses must adopt effective methods to measure guest satisfaction. The bottom line benefits of guest satisfaction in hospitality industry are customers’ recommendations and repeat business.

Guest Satisfaction 217

Guest Satisfaction Book Document Blog 217

Hospitality Net

JUNE 9, 2023

And, above all, should you buy these wines and at what price? Bordeaux is back in the news with the 2022 vintage said to be the best this century. But is it really that good? Let’s find out.

Pricing 78

Pricing 78

Hotel Owner

JANUARY 11, 2024

Whitbread, the hospitality group, reported an 11% increase in UK Premier Inn accommodation sales during the third quarter of FY24, compared to the same period in the previous year. The Atholl Hotel in Aberdeen has reduced its asking price from £3.5m million people and contributing £7.5bn to high streets and communities annually.

Pricing 94

Pricing Marketing 94

Hospitality Net

MAY 3, 2024

They are generally circled out in any hotel commercial team’s calendar as critical points to drive revenue and consequently you must have the right strategy in place.

Events 77

Events Pricing 77

Hospitality Net

JULY 17, 2023

Hotel companies hope artificial intelligence (AI) will improve their skill at pricing rooms. Known as revenue management, the field relies on forecasting and is ripe for disruption.

Pricing 61

Pricing 61

Hotel Owner

OCTOBER 17, 2023

This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%. The hotel is shortlisted for Edie’s Net Zero Awards and will contribute to Whitbread’s net-zero commitments. and budget hotels at £108.70.

Budgeting 98

Budgeting Events Reservations Marketing 98

Revenue Hub

SEPTEMBER 20, 2023

There is no doubt that experiential hospitality is on the rise. NB: This is an article from Juyo , one of our Expert Partners It goes without saying that the environment was inspiring and also prompts us to think about what is important for an experiential hospitality property data and strategy-wise.

Pricing 86

Pricing Article Book Events 86

Hospitality Net

AUGUST 4, 2023

The foundation of hotel distribution management lies in a successful, data-driven room pricing strategy. Its primary aim is to discover the perfect room price that maximizes revenue without losing guests to rival properties.

Pricing 40

Pricing 40

Hospitality Net

JANUARY 9, 2024

ORLANDO, FLORIDA and DALLAS, TEXAS – JANUARY 9, 2024 - ROOMDEX, the sole provider of attribute-based upselling for hotels, has announced a strategic partnership with DerbySoft.

Pricing 82

Pricing 82

Hotel Owner

NOVEMBER 3, 2023

Net income for the quarter was $68m (£55.6m), compared to $28m (£22.9m) in the previous year. Bonsor, a 10-year veteran of Rosewood Hotels and Resorts, will lead the hotel’s operations and leverage his extensive hospitality expertise. increase in Revenue per Available Room (RevPAR).

Pricing 97

Pricing Marketing 97