Revenue Hub

JUNE 7, 2024

To be effective, your luxury hotel marketing strategy must tell a story that shows your customers what sets you apart and makes the experiences you offer unique. Harness the power of storytelling In a luxury market where everyone offers fantastic service and incredible facilities, how do you communicate in a way that sets your hotel apart?

Marketing 91

Marketing Article Pricing Accounting 91

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 The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.” being sought. In 2022 occupancy was 74.2% compared to 73.2%

Marketing 98

Marketing Pricing Budgeting Presentation 98

Modern Restaurant Management

OCTOBER 8, 2020

In 2019, the U.S. Production lines then turned these greens into fresh cut salads, which captured the market share with a near 80 percent take. Any weather-related issues can have a dramatic effect on supply and prices as lettuce transitions from one area to the next. How Produce Markets are Impacted by the Transition.

Pricing 189

Pricing Accounting Magazine Marketing 189

Hotel Owner

MAY 16, 2023

A strong hotel market performance last year has pushed regional markets to the top of Colliers’ 2023 UK Hotel Market Index. Its annual Hotel Market Index in 2022 placed Edinburgh, Belfast and Bath as the top three performing markets. All 38 markets also recorded ADR figures above pre-pandemic levels during 2022.

Marketing 103

Marketing Pricing 103

Hospitality Net

AUGUST 9, 2023

Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels.

Guest Satisfaction 67

Guest Satisfaction Pricing Marketing 67

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. Guests shouldn’t have to go on a scavenger hunt for your pricing. SMS Marketing As of 2019, text messages achieved a 98 percent open rate, with emails lagging behind at 20 percent.

Marketing 92

Marketing Book Article Information 92

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.

Events 128

Events Pricing Marketing Cost Reduction 128

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.

Marketing 209

Marketing Accounting Communication Training 209

Revenue Hub

APRIL 27, 2023

The hospitality sector, in particular, is sensitive to current challenges in the broader economy: rising interest rates, higher inflation and a tight labor market. occupancy in early March, exceeding 2022 levels and tracking close to 2019. The luxury segment is expected to remain robust amid the broader economic slowdown.

Marketing 77

Marketing Pricing Article 77

Hotel Owner

MARCH 30, 2023

The Old Vicarage Hotel and Restaurant in Bridgewater, Somerset, has been brought to market for an asking price of £1.2m. Owners Peter Starling and Candida Leaver have managed the property since 2019, and are now selling to retire. The hotel is located in the market town of Bridgewater and dates back to 1327.

Marketing 104

Marketing Presentation Pricing Events 104

Hotel Owner

DECEMBER 5, 2022

The UK hotel market has continued its recovery in 2022, as a strong trading performance exceeded expectations for the year, Knight Frank has said. . Despite international visitor arrivals remaining lower than pre-pandemic, the ability to drive rates within a high inflationary environment saw ADR surge 22% ahead of 2019 prices.

Marketing 105

Marketing Accounting Pricing 105

Hotel Owner

APRIL 24, 2024

Slieve Russell Hotel Golf and Country Club has been brought to market by CBRE, and is expected to be acquired for a price in the region of €35m (£30m). The scale of ongoing investment in the hotel’s facilities and growing business will appeal to the national and international investment market.”

Marketing 52

Marketing Presentation Pricing 52

Modern Restaurant Management

MARCH 21, 2024

Continued Fed tightening made borrowing to fund growth more expensive, while a tight labor market meant challenges finding talent and higher labor costs. The food service industry has seen one of the largest increases in new business applications since 2019, with the introduction of food trucks and other non-traditional eateries.

Reservations 180

Reservations Pricing Presentation Marketing 180

Hotel Owner

MARCH 4, 2024

A Scottish country house hotel is being brought to market by DM Hall for an undisclosed price. The nine en-suite letting rooms were modernised and upgraded in 2019, while within the main house there is a large function room with capacity for 100. There are two additional dining areas and a separate bar.

Marketing 52

Marketing Presentation Pricing Information 52

Hotel Owner

APRIL 26, 2023

Occupancy levels for Ireland and UK regional, outside of London, were both strong compared with 2022 and 2019. RevPAR for Ireland and UK Regional was up by 34% and 21%, respectively, against 2019 levels, driven mainly by average price. Both of these acquisitions had attractive prices and good yield levels.”

Property Management 103

Property Management Pricing Marketing 103

Hotel Owner

MAY 16, 2024

Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023. Our Index is formulated in such a way that high land and construction costs and sluggish hotel market growth are penalised.

Marketing 40

Marketing Travel and Tourism Pricing 40

Revenue Hub

APRIL 28, 2023

relative to 2019 and revenue per available room (RevPAR) by 6.1%, whereas occupancy lagged by 10.5%. short of 2019 levels, RevPAR was down 31.2% We break down performance by key distribution metrics, including gross and average booking revenue, average rate, length of stay, channel market share, cancellation rates and lead times.

Book 94

Book Pricing Article Definition 94

Revenue Hub

JUNE 23, 2023

Even if you understand the basics of revenue management, you may still have some questions about how to create an effective strategy for your unique market, whether units or homes. Particularly in this environment, your pricing strategy isn’t as easy as taking last year’s rates, bumping them by 5-10%, and waiting for the bookings to flow in.

Pricing 82

Pricing Bookkeeping Property Management Book 82

EATER

SEPTEMBER 11, 2024

Lille Allen Six chefs and restaurant owners from across the country explain why restaurants feel so expensive right now, and how they’re coping with high prices and customer complaints Dining out involves calculating the intangible: What is hospitality worth to you? You may disagree with how we price this, but here’s why we’re doing this.”

Pricing 145

Pricing Definition Front of House Server 145

Hotel Owner

SEPTEMBER 11, 2024

London hotels have experienced softer trading this year, with pricing being a challenge across the market as average rates are down around 1% year to July, according to new data from CoStar. It stated that hotels in London struggled to drive prices in 2024, as average daily rates rose in only two submarkets.

Pricing 52

Pricing Events Marketing 52

Hotel Owner

OCTOBER 20, 2023

Against 2019, RevPAR was up by 12.8%, with a rise of 17.5% against 2019. against 2019. In the year to date, signings are up by 16%, “reflecting the breadth and attractiveness of our portfolio”, while ‘quicker to market’ conversions have increased to be over one-third of openings and signings. Pricing remained very robust.

Pricing 98

Pricing Marketing 98

Revenue Hub

JULY 10, 2023

Subscribe to our weekly newsletter and stay up to date Setting the scene Encouragingly, all global regions have witnessed an increase in hotel rates compared to the previous year, reflecting a widespread continuation of spending growth in the global tourism and travel market. A similar upward trajectory can be seen in Oceania.

Travel and Tourism 85

Travel and Tourism Pricing Article Accounting 85

Hotel Owner

OCTOBER 14, 2024

The Haughmond Inn, a multi-faceted hospitality business in Upton Magna, has been listed for sale with a guide price of £1m. Northcote Hotel, a 26-bedroom property in Lancashire, has been brought to market by Savills on a price-on-application basis. in 2023 but suffered a pre-tax loss of £171,284.

Pricing 98

Pricing Marketing 98

Hotel Business

NOVEMBER 16, 2023

RevPAR in 2024 is expected to be 14% greater than 2019 levels. Softer-than-expected demand and more modest pricing power resulted in RevPAR declining 0.3% inbound international travelers will boost occupancy and pricing power back toward their historical trend lines.” CBRE’s baseline forecast anticipates 0.8%

Pricing 110

Pricing Marketing 110

Hotel Business

OCTOBER 20, 2023

vs 2019, with Americas +13.8%, EMEAA +17.5% vs 2019; occupancy +4.1%pts pts vs 2019 Gross system size growth +6.2% Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs. Pricing remained very robust. vs 2019), with U.S.

Marketing 110

Marketing Pricing 110

Hotel Owner

DECEMBER 12, 2023

The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Full year 2023 occupancy will continue to lag 2019 levels by just 2.6 London’s GOPPAR performance is now 1.7%

Scheduling 105

Scheduling Marketing Presentation Pricing 105

Hotel Owner

FEBRUARY 23, 2023

The hospitality association said this is because sales remain “significantly behind 2019” in real terms due to inflation. in 2022 compared with 2019, but down 13% in real terms when inflation is accounted for. Venues are simply unable to pass prices onto the consumer at the same rate they are experiencing their own costs rise.”

Pricing 105

Pricing Budgeting Accounting Marketing 105

7 Shifts

AUGUST 7, 2024

It is affected by seasonality, market prices, and even pop culture. Determine your ideal menu price Multiply your plate cost by the food cost percentage to reach a target menu price. per serving Consider variables You can price the burger at $9.25 (rounding up) and make a profit on it. What can 7shifts do for you?

Pricing 145

Pricing Scheduling Download POS Systems 145

Hotel Business

NOVEMBER 14, 2022

A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. In large cities, hotels were priced 42.9%

Pricing 108

Pricing Marketing 108

HotStats

NOVEMBER 13, 2024

This surge is pushing C&B revenue beyond pre-pandemic levels seen in 2019, highlighting the return of group business, though unadjusted for inflation. Across the board, however, hotels are facing a steep 25% increase in food inflation, compelling them to innovate in pricing and operational efficiencies.

Pricing 98

Pricing Events Presentation Marketing 98

Modern Restaurant Management

JUNE 22, 2020

In January of 2020, Impossible Foods, a leader in plant-based meat alternatives, primarily focused sales on the restaurant trade, selling to less than 200 supermarkets; by May of 2020, the company was selling its line of plant-based products in more than 3,000 retail markets and grocery stores. In October of 2019, U.S.

Marketing 179

Marketing Definition Pricing Information 179

Revenue Hub

JULY 7, 2023

hotels is not expected to exceed 2019 levels until 2026. In 2019, 17.0% Further, hotels that already managed a parking operation before COVID increased the price they charged guests to park their cars. RevPAR achieved in 2019. percent of 2019 total revenue. of 2019 levels. less than in 2019.

Pricing 73

Pricing Article Marketing 73

7 Shifts

SEPTEMBER 19, 2019

Marketing and advertising : Market your restaurant to help achieve optimal restaurant capacity (social media and review management included). Or, you can turn your puzzles into popular dishes by lowering the price. You can calculate it using the following formula: Food Cost/Food Price *100. Reduce food waste.

Scheduling 113

Scheduling Communication Training Customer Service 113

Hotel Owner

NOVEMBER 15, 2023

The business came to market as the couple that previously owned the property were looking to retire. Hugo Fairbanks Weston, assistant broker – Hotels South at Christie and Co, who brokered the deal, said: “This is a very satisfying sale for a lovely couple who instructed Christie & Co back in 2019 before I had joined the company.

Pricing 98

Pricing Marketing 98

Revenue Hub

OCTOBER 7, 2022

In this article, we take a look at the challenges hotels are facing today, and outline a list of Hotel Sales & Marketing Tips you should implement to differentiate your business from the competition in 2023. Current market signals point strongly to a winter like 2019. These concerns are as follows: The Price of Air Travel.

Pricing 85

Pricing Article Marketing 85

Serviced Apartments

NOVEMBER 5, 2024

Sutton Point, located adjacent to Sutton train station, was developed in 2019/20. Saul Goldstein, founder and CEO of ActivumSG, added: “We kept our capital dry in anticipation that the market would soon present compelling opportunities where you could acquire fundamentally sound assets at attractive prices. This is one of them.

Presentation 52

Presentation Training Pricing Marketing 52

Hotel Owner

OCTOBER 17, 2023

The UK’s luxury hotel market has been driving the hotel industry’s recovery, with record room rates and revenue per available room (RevPAR) increasing , according to RSM’s Hotels Tracker. While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options.

Budgeting 98

Budgeting Events Reservations Marketing 98