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2024 Total Solar Eclipse: How Will Hotel Performance Compare to 2017?

Revenue Hub

That means a lift in hotel performance is once again on the horizon, but there are key differences from the last Total Eclipse in 2017. The eclipse will also reach more larger hotel markets than 2017, which means more available rooms and more well-known destination offerings for travelers to potentially extend trips for the eclipse.

Article 107
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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 106
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Formula One impact on the hospitality industry: Hotel prices race upwards at Grand Prix locations

Hospitality Net

Not long after Formula 1 changed hands in 2017, the sport was given a turbocharged strategy that has propelled the sport to new heights.

Pricing 52
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Mews and Duetto Surpass 600 Joint Hotel Customers

Lodging Magazine

The integration between Mews and Duetto enables customers to price room rates based on demand, occupancy levels, competitor rates, and other factors. The partnership began in 2017 and today combines to service properties of all sizes—the smallest of which has only three rooms, the largest has over 800—in 29 countries.

Pricing 59
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Hyatt to acquire Standard International and its hotel brands

Hotel Business

Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over time as additional properties enter the portfolio. With this transaction, Hyatt will form a new dedicated lifestyle group that will be headquartered in New York City.

Pricing 103
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Today’s news in brief – 26/9/24

Hotel Owner

Inflation, rising living costs, and extreme food price inflation further strained the business. This honour follows Bybrook’s receipt of a Michelin star in 2017. The South West region experienced particularly low demand, with unpredictable booking patterns and a high cancellation rate.

Pricing 70
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What Are Travelers Criteria For Choosing a Hotel?

Revenue Hub

2nd criteria for selecting a hotel: price The second criterion for selecting a hotel is price. If we go back to the figures from 2017, 58% of customers put this criterion first, compared to 74% today, which means that the feeling about price has increased significantly.

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