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AAA: 55.4M Americans expected to travel for Thanksgiving

Hotel Business

over last year and marks the third-highest Thanksgiving forecast since AAA began tracking holiday travel in 2000. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The average price for an international flight is $1,231, down 5.7%

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AAA: 115M Americans expected to travel for holidays

Hotel Business

increase over last year and the second highest year-end travel forecast since 2000, when AAA began tracking holiday travel. Average ticket prices are slightly lower than last year. According to AAA booking data, the average price for a roundtrip ticket to Orlando this holiday season is $613, down from $735 last year.

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Controlling Utility Costs: U.S. Hotel Owners and Operators Have Tools Available to Meet This Rising Challenge

Lodging Magazine

hotel utility costs and in the Consumer Price Index (CPI), or inflation, have historically proven to be strongly correlated. percent since 2000, these inflation projections have hoteliers concerned about operating costs. Annual changes in U.S. As of August 2022, CBRE is forecasting CPI growth to be 7.7 percent in 2023.

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AAA: Thanksgiving travel ticks up

Hotel Business

This year is projected to be the third busiest for Thanksgiving travel since AAA started tracking in 2000. ” Average hotel booking costs are up 8% compared to 2021, but hotel prices in some cities like Las Vegas and Denver are lower this year. AAA predicts 54.6 That’s a 1.5% increase over 2021 and 98% of pre-pandemic volumes.

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5 Revenue Management Tips for Beach, City, Mountain, or Countryside Hotels

Revenue Hub

Your location, primary types of travelers, and the season of the year all play into profitable pricing strategies. Corporate rates Should you negotiate corporate rates at static rates or a dynamic pricing approach? Dynamic pricing is a significant part of revenue management yet, you don’t have to choose one or the other.

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3 Hotel HyperCommerce Tactics for Faster Direct Booking

Revenue Hub

According to a study by the Max Planck Institute, Technical University of Berlin, Technical University of Denmark, and University College, the evolution of technology has shortened consumer attention spans by 33%, from 12 to 8 seconds since 2000.

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Hotel financial statements: What are they and how to read them

SiteMinder

Marketing & pricing: Analysing financial statements can indicate whether your hotel’s marketing and pricing strategies are bringing in enough revenue, and whether you need to adjust your approach. This can be helpful for: Setting prices for your rooms or services (to maintain a healthy profit margin). Accountant fees.

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