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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.

Pricing 98
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Without the Tourists, the Fate of Portuguese Food Is Unclear

EATER

Nowhere in Europe has tourism played as big a role in shaping the overall food scene as Portugal. Over the last several years there’s been a drastic spike in the number of travelers flocking to the Iberian country — tourism pumped 18 million euros into the local economy in 2019 alone (compare that to 9.4 So what happens now?

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Housekeeping steps to build operational resilience

Hotel Owner

Energy prices are rising in tandem with wider inflation, and the cost-of-living crisis is curbing consumer confidence. Compounding these challenges are long-term supply issues, labour shortages and food inflation, which hit 15% for Britain’s pubs and restaurants, according to the latest CGA Prestige Foodservice Price Index.

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Coronavirus: Aviation, hospitality industries respond

Smart Brief Hospitality

Due to the rapid spread of the coronavirus, the travel business is doing what it can to adjust to the situation. With restrictions on travel, self-quarantine mandates, the travel industry is responding to one of the greatest threats their industry has ever faced. We’re a supportive community, we’re a resilient community.

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Coronavirus: Aviation, hospitality industries respond

Smart Brief Hospitality

Due to the rapid spread of the coronavirus, the travel business is doing what it can to adjust to the situation. With restrictions on travel, self-quarantine mandates, the travel industry is responding to one of the greatest threats their industry has ever faced. How airlines, hotels are expanding business travel programs.

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Where to Eat in 2022

EATER

They whisk travelers from their cooking routines and familiar takeout spots, drawing them out with flavors that can’t be replicated, service that can’t be matched, and most of all, a story that can’t be told elsewhere. These are the 13 places we’re most excited to travel, and eat, as soon as we get the chance. Travel responsibly.

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Hawai?i’s Mushroom Boom Is Here

EATER

Caldiero and Kenney started using Yang’s mushrooms in 2008, when he first began testing his methods and giving samples to chefs he knew. But as the economy turned to exports, then tourism, food preferences changed with Americanization — and downright indoctrination in the 1800s. per pound, compared to the U.S. average of $1.45