Remove 2007 Remove Marketing Remove Pricing
article thumbnail

Hotel Market Shows Continued Resilience with Focus on Luxury

Revenue Hub

The hospitality sector, in particular, is sensitive to current challenges in the broader economy: rising interest rates, higher inflation and a tight labor market. Room prices are up, with the average daily rate 14% higher than in 2019 at $151 and revenue per available room (RevPAR) 8% higher at $95. hotels reached 62.8%

article thumbnail

Renewed calls from industry to freeze spirits tax

Hospitality Magazine

In August last year Australia’s spirits tax rose to over $100 per litre of alcohol and the bi-annual indexation continues to fuel inflation and cost of living pressures, having already risen in line with the Consumer Price Index (CPI) by a total of 12.5 When I wrote my business plan in 2007, spirits excise was around $64 a litre.

Budgeting 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Empowered leaders: Female forces in hospitality and real estate

Boutique Hotel News

Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.

article thumbnail

Want to Start Collecting Vintage Pyrex? You’ve Got Competition.

EATER

Now, the timeless serving dishes are having a renaissance of sorts, thanks to a thriving secondary market powered by antique malls, intimate circles of collectors, and of course, eBay. Pyrex made its debut on the consumer market in 1915, when Corning Inc. The first Pyrex tableware to hit the market was made from clear glass.

article thumbnail

A history lesson in revenue management and the top challenge facing today’s hotels

SiteMinder

Revenue managers, as a result, have been tasked with the critical role of delivering effective pricing and distribution strategies amid evolving trends and market demands, no matter the economic climate. A revenue manager who thinks they are indispensable because they can change pricing daily is a revenue manager living in the past.

article thumbnail

How to Write the Perfect Restaurant Mission Statement: Guide + Examples

7 Shifts

It articulates what you do for customers, employees, and owners (your goals) and clarifies what you offer a specific market segment (your strategy). They describe what you do for customers, employees, and owners (your goals) and clarify what you offer for a specific market segment (your strategy). The result? If not, “can” it.

Marketing 148
article thumbnail

Guest Loyalty Programs Provide, But They Cost

Revenue Hub

In fact, Guest Loyalty Program fees have consistently increased at a greater pace than rooms revenue since 2007. Royalty Fees Marketing Assessments Reservation Fees Guest Loyalty Program Fees For this analysis, the sum of these four components comprises “total franchise-related fees”. hotels from 2021 to 2022.