Remove 2005 Remove Pricing Remove Training
article thumbnail

AAA: 55.4M Americans expected to travel for Thanksgiving

Hotel Business

The top two years were 2005 and 2019, respectively. compared to 2022 and the highest number of Thanksgiving air travelers since 2005. The number of people traveling by cruise, bus and train over Thanksgiving is up nearly 11% over last year. The average price for an international hotel stay is $772, up 5% from last year.

Pricing 102
article thumbnail

How Cognitive Biases Impact Hotel Revenue Management

Revenue Hub

In revenue management, managers might focus on data that confirms their existing beliefs about pricing strategies or market trends, ignoring contradictory evidence. Regular Training Regular training on cognitive biases and their impact can help managers recognize and reduce these biases in their decision-making processes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stoke Rochford Hall hotel brought to market for £5m

Hotel Owner

Stoke Rochford Hall, a Grade I listed Jacobean manor house hotel a little over an hour by train from London, has hit the market for offers in excess of £5m for the long-leasehold interest. Although steeped in history the venue, and property complex are in need of updating and modernisation, and the opportunity has been priced to reflect this.

article thumbnail

Blending tradition with technology: HotelPartner’s MD on the future of hotel revenue management

Hotel Owner

His formative years included intensive training and studies in hospitality management and finance at Cornell University in New York, all while honing his expertise in food and beverage (F&B), a field that remains close to his heart. Another challenge lies in identifying a hotel’s true competition. “If

article thumbnail

AAA: 42.3M Americans expected to travel for Memorial Day Weekend

Hotel Business

Despite high ticket prices, demand for flights is skyrocketing. This Memorial Day weekend could be the busiest at airports since 2005. Gas prices are lower this holiday compared to last year, when the national average was more than $4 a gallon. more—than in 2019. Memorial Day road trips are up 6% over last year.

Book 22
article thumbnail

Here Are Barcelona’s Best Markets and Everything to Eat in Them

EATER

From prepared family specialties passed through generations to kilometer-zero produce grown in the Catalan countryside, Barcelona’s markets are stocked with visually stunning (not to mention delicious) food at every price. While there are far fewer bars to choose from, what’s on offer is solid and reasonably priced. to 2:30 p.m.

Marketing 110
article thumbnail

You Should Be Drinking Grower Champagne

EATER

But if the world of wine seems baffling (and it definitely can be), Champagne, with its high price tag and even higher expectations, is pure, unfiltered intimidation. From there you can find out who made it, a bit more about the flavor and style, and if it’s being offered to you at a fair price. What is grower Champagne?

Pricing 130