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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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Record $15.3 million in penalties for ex-sushi operators

Hospitality Magazine

The workplace breaches took place between February 2016 and January 2020, with the companies also falsifying records to conceal the underpayments. If you deliberately underpay migrant workers and try to cover it up with false or misleading records you will be found out and will pay a heavy price. “We

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Hills Collide opens in Adelaide Hills

Hospitality Magazine

The duo founded their wine label of the same name in 2016, and it has grown steadily since. Hills Collide will continue to produce its own products, including wine, vermouth and gin, ensuring good quality at affordable prices. The event will celebrate Gruner Veltliner from both Australian and Austrian producers.

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Expert Partner Hotel Tech Updates: BEONx, Chatlyn and More

Revenue Hub

Designed to automate essential processes, Autopilot not only refines pricing strategies but also ensures hotels stay ahead of the competition while optimizing revenue streams effortlessly. Traditional revenue management systems often result in hoteliers resorting to blanket price changes.

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US extended stay RevPAR declines for first time in three years

Serviced Apartments

Lower priced extended-stay hotels led the decline but economy and mid-price segments made gains relative to corresponding classes of all hotels. per cent decline in extended-stay hotel RevPar in Q1 2024 (compared to the same period in 2023) was the first contraction since RevPar started rising in April 2021. per cent) than all hotels.

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Norway’s Maaemo announces Sydney pop-up at Berowra Waters

Hospitality Magazine

Boyle joined the Maeemo team in 2011 and saw the venue be the first Nordic restaurant to be awarded three Michelin stars along Danish Geranium in 2016. The two-day pop-up will host a lunch and dinner service across both days, with a ten-course menu priced at $400 per person, with matching wines an additional $200 per person.

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German Hotel Revenue Managers Look to Cash in on Euro 2024

Revenue Hub

Our deep dive into the data reveals that there is plenty of positive potential across these cities, with hotels making the most of the demand and pushing up pricing on match days. Peak prices in many cities thus far are for the group stages, where the line-ups are known and the tickets have been released.

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