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Hospitality insolvencies rise 13% in June

Hotel Owner

The Buchler Phillips Hospitality Index of insolvencies, which has tracked monthly figures since January 2014, rose from 204.3 Hospitality operators are also hoping that October’s Autumn Budget will provide some relief on business rates or VAT. in May to 231.6 Insolvencies within the industry peaked in August 2023 at 273.4,

Budgeting 104
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Village Hotels owner considering offloading brand in £485m deal

Hotel Owner

The American private equity backer of Village Hotels, KSL Capital Partners, is getting ready to offload the chain of properties it acquired in 2014 for £485m, Sky News has reported. Village Hotels comprises an estate of 33 properties in locations such as Aberdeen and Bournemouth, with rooms available at “budgetprices.

Budgeting 105
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Busting Today’s Hotel Distribution Myths

Revenue Hub

Strategic distribution means hotels can minimise the impact of seasonal fluctuations while accessing real-time market data to inform pricing strategies swiftly, ensuring competitive advantage.

Book 62
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The Mille Club: Thinking of the Hidden Costs for High Rates

Larry Mogelonsky

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

Pricing 100
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SiteMinder helps The Phala Group optimise channel management and boost revenue

SiteMinder

Table of contents Suffering from unreliable channel management options In 2014, Sri Phala Resort & Villa became the first property in The Phala Group to use SiteMinder to maximise their online distribution. “Regarding the pricing issues we were facing, the SiteMinder team offered several alternatives.”

Book 98
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Pay-What-You-Can Markets Provide Produce for the Common Good

EATER

percent for food prices last summer — the largest increase since 1981. It’s meant to buttress food budgets for families and individuals while compensating local growers, particularly first generation and BIPOC farmers. The remaining third are either paying full-price or in some cases donating above the listed value. “I

Marketing 103
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Feast on Sushi, Steak, and Globalization at Iraq’s American-Themed Buffet

EATER

After inking the franchise agreement, Meurs flew to Erbil in 2014 to collaborate with Martani on constructing the restaurant — only to hurriedly evacuate when ISIS’s lightning takeover of northern Iraq advanced within 25 miles of Erbil. And the upfront pricing still appeals to people trying to uphold traditional dynamics around hospitality.

Pricing 137