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Price Oscillation: Unraveling the Pendulum Effect on Hotel Rates

Revenue Hub

Surging ADR: Noteworthy Escalation in Average Daily Room Rates Average daily rate per room values, known as ADR, experienced a greater global growth in the last 3 years than in the last two decades prior to COVID-19 pandemic, resulting in the highest hotel prices since records began (Figure 1). Evolution of hotel room price from 2002 to 2023.

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Rising Gas Prices Could Force Food Banks to Scale Back Their Critically Important Work

EATER

New York City’s City Harvest is one of several organizations experiencing rising costs due to high fuel prices. Amid supply chain challenges and rising food costs, fuel price spikes are yet another headache for food banks If you’re like basically everybody else in America right now, you’re feeling a serious pinch at the gas pump.

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Former House of Darrach multi-site development brought to market

Hotel Owner

The former House of Darrach in the village of Gartocharn, Alexandria has been placed up for sale off a freehold guide price of £795,000. The business was re-named House of Darrach in 2008. Set upon c.1,629 1,629 acres, the property benefits from a former restaurant and bar, as well as a retail area.

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Easyhotel Paddington to undergo £1m refurbishment

Hotel Owner

The 47-bedroom hotel, opened in 2008, is owned and operated by local businessman Ali Al Rubaye who is covering the refurbishment costs as the hotel is modernised floor by floor. The full refurbishment is expected to be complete by September, with most of the work finished by June.

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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. The effect of factors influencing the perception of price fairness towards customer response behaviors. Hotel selection: When price is not the issue. Muhammad, R.,

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Cathedral Quarter Hotel sold to Lavendish Leisure

Hotel Owner

In 2008, the current owners, The Finesse Collection, purchased the property and converted it into a luxurious boutique hotel. This transaction further underpins the continued demand for sensibly priced, well-located regional hotel opportunities with the ability to add value.”

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Near, Far, Caviar

EATER

At Hey Kiddo in Denver, alongside courses of pork ribs or cold sesame noodles, there are three caviar options available by the ounce, one of which is sold at market price. No matter the rest of the menu’s culinary influence or price points, it’s now common enough to find a $100-or-more caviar offering, about 4 teaspoons worth of luxury.

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