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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%

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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.

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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
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Motel one profits hit €156m amid record revenues

Hotel Owner

In the fourth quarter of 2023, the Motel One Group secured a total of four locations in attractive markets: two projects in Brussels and one each in Nice and Berlin. The purchase price of €1.25bn (£1bn) represents an implicit company value of €4.1bn (£3.5bn). The deal was closed on 2nd April 2024.

Pricing 52
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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.

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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.

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Nicolas Budzynski of LPM Restaurant on How to Create a Global Restaurant Brand, Win Hearts, Minds & Appetite

The Restaurant Times

Nicolas – On our side, for our company, everything started in 2007 in London, in a small corner of the Mews in Mayfair behind Claridge’s Hotel. Since the launch of the brand in 2007, it has been a huge success in the market because of an approach that is different from any other French concept. .