Hospitality Net

JANUARY 3, 2024

STR’s global “bubble chart” update through 16 December 2023 showed 75% of markets with growth in revenue per available room (RevPAR) compared to 2019. Notably, 20 of 25 European countries recorded RevPAR growth in this run-up to the holiday season, wrapping up a strong performance year around the continent.

Marketing 70

Marketing 70

Hospitality Net

MAY 4, 2023

Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR‘s March 2023 P&L data release.

Marketing 70

Marketing 70

Hotel Owner

OCTOBER 14, 2024

Northcote Hotel in Lancashire has been brought to market for an undisclosed price. The property is being marketed by Savills which is operating the sale on a “price on application” basis. The hotel was acquired in 2019 by Britannia Hospitality Limited, the owners of The Stafford, which subsequently created The Stafford Collection.

Marketing 98

Marketing Pricing 98

Lodging Magazine

NOVEMBER 28, 2022

hotel performance came in lower than the previous week and showed improved occupancy and revenue per available room (RevPAR) comparisons to 2019, according to STR’s latest data through November 19, 2022. Hotel Performance November 13-19, 2022 Percentage change from comparable week in 2019: Occupancy: 63.0 percent (up 3.4

Magazine 108

Magazine Marketing 108

Hospitality Net

JULY 10, 2023

STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.

Marketing 67

Marketing 67

Hotel Business

FEBRUARY 9, 2024

According to JLL Hotels & Hospitality ‘s NYC State of the Lodging Industry report, New York City RevPAR, driven by the highest ADR in the market’s history, reached historic heights in 2023, exceeding 2019 levels by 15.2%. Other key takeaways from the report include: Strong market fundamentals: NYC RevPAR led top-25 U.S.

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Presentation Marketing 72

HotStats

AUGUST 28, 2024

A detailed comparison of profit margins from 2019, 2023, and 2024 year-to-date (YTD) reveals critical trends in key markets across the region. As 2024 progresses, the Food & Beverage (F&B) sector in Asia shows signs of steady recovery, offering a glimpse of strategic opportunities for investors and hotel operators.

Marketing 97

Marketing 97

Hospitality Net

AUGUST 28, 2024

A detailed comparison of profit margins from 2019, 2023, and 2024 year-to-date (YTD) reveals critical trends in key markets across the region. As 2024 progresses, the Food & Beverage (F&B) sector in Asia shows signs of steady recovery, offering a glimpse of strategic opportunities for investors and hotel operators.

Marketing 96

Marketing 96

Hotel Business

AUGUST 9, 2023

Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 year to date, significantly surpassing 2019 benchmark levels. By focusing on key performance indicators (KPIs), the company has achieved performance results surpassing 2019’s enterprise RevPAR by 20% and 2022’s by 26%.

Pricing 52

Pricing Marketing 52

Lodging Magazine

DECEMBER 30, 2022

hotel performance came in lower than the previous week and showed weakened comparisons to 2019 on the unfavorable side of a holiday calendar shift, according to STR’s latest data through December 24, 2022. Hotel Performance December 18-24, 2022 Percentage change from comparable week in 2019: Occupancy: 43.9 percent (down 9.7

Magazine 110

Magazine Marketing 110

Hotel Owner

OCTOBER 17, 2024

The freehold interest in the Leonardo Hotel at London Heathrow Airport has been brought to market off a guide price of £30m. Situated only a five-minute shuttle ride from Terminals 2 and 3, the four-star hotel is being sold with the option to secure vacant possession in February 2026.

Marketing 98

Marketing Presentation Pricing 98

Hotel Owner

OCTOBER 3, 2024

A new fully implemented hotel-led development situated to the north-west side of Liverpool Street station has been brought to market for offers in excess of £75m. Giant Mind Properties Group Limited has appointed Savills and CBRE to market the freehold interest in Bavaria House, Appold Street, London.

Marketing 97

Marketing 97

Lodging Magazine

OCTOBER 13, 2022

hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR’s latest data through October 8, 2022. Hotel Performance October 2-8, 2022 Percentage change from comparable week in 2019: Occupancy: 68.2 HENDERSONVILLE, Tennessee—U.S. percent (down 3.5 percent) ADR: $153.79 (up 16.9

Magazine 110

Magazine Marketing 110

Hotel Business

FEBRUARY 21, 2023

January 2023 (percentage change from January 2019): Occupancy: 52.8% (-3.0%) ADR: $142.14 (+13.8%) RevPAR:$75.01 (+10.4%) Among the top 25 markets, Oahu Island experienced the highest occupancy level (74.4%), which was down 9.9% from the market’s 2019 benchmark. above 2019 in Jan. The post STR: U.S.RevPAR 10.4%

Marketing 52

Marketing 52

Lodging Magazine

JANUARY 20, 2023

hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR’s latest data through January 14, 2022. Hotel Performance January 8-14, 2023 Percentage change from comparable week in 2019: Occupancy: 54.8 HENDERSONVILLE, Tennessee—U.S. percent (down 5.5 percent) ADR: $144.81 (up 15.7

Magazine 63

Magazine Marketing 63

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. Based on hotel booking data in the weeks leading up to the holidays, this year is on track to exceed 2019 performance. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. markets: New York City. Los Angeles.

Book 59

Book Marketing Events 59

Modern Restaurant Management

DECEMBER 30, 2019

Before we look forward to 2020, we need to glance back at 2019. Here are the top ten articles that resonated with MRM's audience: Posts on how to better market your restaurant are always traffic drivers with this piece from the team at Tangoo, taking top honors.

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Article Magazine Marketing 118

Lodging Magazine

OCTOBER 27, 2022

hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR’s latest data through October 22, 2022. Hotel Performance October 16-22, 2022 Percentage change from comparable week in 2019: Occupancy: 69.9 HENDERSONVILLE, Tennessee—U.S. percent (down 0.5 percent to 75.9

Magazine 63

Magazine Marketing 63

Finance & Development : Lodging Magazine

JULY 31, 2023

occupancy level was the highest since the week ending August 10, 2019. Among the Top 25 Markets, New York City saw the largest […] The post CoStar: U.S. Hotel Occupancy Reaches Highest Level Since 2019 appeared first on LODGING Magazine. percent (up 0.5 percent)ADR: $161.65 (up 1.5 percent)RevPAR: $117.91 (up 2.0

Magazine 52

Magazine Marketing 52

Hospitality Net

MAY 9, 2023

For the first time since the onset of the COVID pandemic, CBRE is forecasting the 2023 aggregate revenue per available room (RevPAR) for the nation’s 65 major markets to return to 2019 levels. In 2022, RevPAR recovered nationally but continued to lag in the major markets. through New York.1

Marketing 93

Marketing 93

Hospitality Net

SEPTEMBER 30, 2024

The wellness market is booming, having grown from $4.9 trillion in 2019 to $5.6 By integrating wellness-focused amenities and services into their properties, owners can enhance guest experiences and loyalty, differentiate themselves in a competitive market, and drive significant revenue growth. trillion in 2022.

Marketing 69

Marketing 69

Modern Restaurant Management

DECEMBER 16, 2019

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. percent year over year according to Black Box Intelligence’s Market Share Report. Restaurants have had to keep up with this growth from a staffing standpoint amid the most difficult labor market in decades.

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Events Pricing Marketing Cost Reduction 128

Hospitality Net

JULY 14, 2023

In the latest updates on the regional market performance of the hotel industry in the United Kingdom, we share year-to-date data from May for 2023 compared to the same period in 2022 and 2019, according to HotStats’ monthly Hotel Benchmarking reports.

Marketing 92

Marketing 92

Lodging Magazine

OCTOBER 20, 2022

hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR’s latest data through October 15, 2022. October 9-15, 2022 Percentage change from comparable week in 2019: Occupancy: 70.3 October 9-15, 2022 Percentage change from comparable week in 2019: Occupancy: 70.3

Magazine 58

Magazine Marketing 58

Smart Brief Hospitality

MAY 12, 2024

While it’s a great time for brands to connect with Asian American consumers, marketers should be marketing to the AANHPI segment all year long. trillion in 2024, growing 314% between 2000 and 2019, far exceeding the increase in purchasing power of all other racial and ethnic groups over the same period.

Marketing 117

Marketing 117

Lodging Magazine

APRIL 19, 2024

percent of total revenue in 2019 to an estimated 3.3 The good news is that the pace of growth appears […] The post Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy Consumption appeared first on LODGING Magazine. As a result, utility department expenses increased from 2.9

Marketing 115

Marketing Magazine 115

Boutique Hotel News

NOVEMBER 21, 2022

The 19th century hotel is being marketed with planning permission to increase the current 73 bedrooms to 87, erect a further 71 cottages, 82 apartments and 37 lodges, as well as approved permission to extend the existing building and add 30 bedrooms, five lodges, three villas and village square.

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Marketing Pricing 130

Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% This 6-point increase in occupancy is a result of the market accommodating 8.6% more rooms occupied as compared to 2019. Seasonality appears to be in sync with what we typically expect for the Boston market. occupancy, a 6.8% variance over 2022’s 69.6%.

Marketing 88

Marketing 88

Modern Restaurant Management

DECEMBER 2, 2019

On OpenTable’s plate in 2019, diners moved towards more health-conscious dining preferences. This uncovered a treasure trove of food trends and shifts in behavior to provide insightful context as to how people are eating in 2019.”

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Reservations Book Marketing 121

Lodging Magazine

DECEMBER 16, 2022

hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR’s latest data for the week of December 4-10, 2022. percent from the comparable week in 2019, while average daily […]. percent from the comparable week in 2019, while average daily […].

Magazine 63

Magazine Marketing 63

Hospitality Net

JANUARY 29, 2024

STR’s global “bubble chart” update for 2023 shows 85% of markets with revenue per available room (RevPAR) higher than 2019. In terms of top-line performance, that means most markets have recovered from the significant declines caused by the pandemic.

Marketing 80

Marketing 80

Hotel Business

FEBRUARY 21, 2023

for full-year 2022 vs. 2019. Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts.

Accounting 52

Accounting Marketing Book 52

Hotel Owner

OCTOBER 17, 2023

The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m Newcastle has been one of the UK’s best performing hotel markets post-pandemic, with 2022 Revenue Per Available Room (RevPAR) over 15% higher than in 2019. being sought. compared to 73.2%

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Marketing Pricing Budgeting Presentation 98

Revenue Hub

APRIL 29, 2024

Your marketing presence has to be not only mobile friendly , it has to be mobile savvy to attract guests and stay on top of the competition. SMS Marketing As of 2019, text messages achieved a 98 percent open rate, with emails lagging behind at 20 percent.

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Marketing Book Article Information 92

Hotel Business

NOVEMBER 10, 2022

of 2019 event volumes in October, an improvement over September. The average number of attendees per event for October 2022 was 119, compared to 110 in October 2021 and 95 in October 2019. p/p in 2019. of 2019 appeared first on hotelbusiness.com. “Additionally, the U.S. recovered 89.7% has eclipsed 80% recovery.

Events 52

Events Marketing 52

Modern Restaurant Management

FEBRUARY 18, 2020

Marketing trends, mobile data insights show that Gen Z has a considerable appetite for restaurants, clean eating, fast-casual, and exciting twists on healthy dining options. The sheer market size of Gen Z and their discretionary spending dollars should make restaurants and food services businesses sit up and take notice.

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Marketing Accounting Communication Training 209

Hospitality Net

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Marketing 83

Marketing Article 83