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 69

Guest Satisfaction Pricing 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. Second, the shift of Thanksgiving into December of 2019 converts from tailwind to headwind this month. percent from 2018 to 2019, sales for the whole weekend only increased about four percent. First, at 2.1

Events 128

Events Pricing Marketing Cost Reduction 128

eHotelier

OCTOBER 22, 2023

Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic highs. Greater China continued its excellent rebound with RevPAR now above 2019, which the Americas achieved in the second quarter of last year and EMEAA in the fourth quarter.

Pricing 130

Pricing 130

Hotel Business

DECEMBER 16, 2022

And, despite rising prices for both domestic and international flights (up 52% YoY for domestic and 29% YoY for international), high prices don’t appear to be discouraging U.S. According to KAYAK, search windows for international trips have decreased 11% compared to 2019, indicating interest in last-minute trip planning is on the rise.

Pricing 59

Pricing Book 59

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

Hospitality Net

OCTOBER 11, 2024

Coming out of a high-inflation, high-interest-rate environment, which negatively impacted hotel transactions in Europe in 2023, transaction activity increased to the highest levels since 2019 in the first half of 2024. Reaching €10.6

Pricing 91

Pricing 91

Modern Restaurant Management

JANUARY 31, 2022

In December 2021, average check was up 22 percent compared to the same period in 2019 and sales were up eight percent, according to Revenue Management Solutions, which released sales, traffic and average check trends for QSR restaurants in December 2021. Bureau of Labor Statistics, prices at limited-service restaurants increased by 7.10

Pricing 189

Pricing 189

Hotel Business

DECEMBER 15, 2023

2019 remains the busiest Christmas and New Year’s travel period on record with 119 million travelers. This year’s projected number of drivers is the second highest on record after 2019 when 108 million drivers hit the road for the holidays. million air travelers this holiday season, surpassing 2019’s record of 7.3 respectively.

Book 119

Book Pricing Training 119

7 Shifts

SEPTEMBER 7, 2021

Has the price of going to a restaurant increased? To answer this question, we compared 2019 vs 2021 restaurant receipts. We found a 14% increase in the total price on a receipt. in 2019 and $99.50 The bottom line is that the price of going to a restaurant has increased. in 2019 and $18.26

Pricing 148

Pricing Scheduling Information 148

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

Modern Restaurant Management

JANUARY 26, 2022

Overall new business growth was near pre-pandemic levels decreasing only one percent in 2021 compared to 2019. "Restaurant It is interesting to see the increase in consumer searches for higher priced restaurants while consumers are also mentioning rising prices in their reviews.

Pricing 189

Pricing Events Magazine 189

Hotel Business

JANUARY 29, 2024

The report, which forecasts that hoteliers will face continued challenges due to nationwide labor shortages while inching closer to 2019 occupancy levels, is based on data and analysis from Oxford Economics and was created in collaboration with AHLA Premier Partners STR, Avendra, Ecolab, Encore, JLL, Oracle and Towne Park. billion in 2019.

Budgeting 118

Budgeting Pricing 118

7 Shifts

SEPTEMBER 19, 2019

Or, you can turn your puzzles into popular dishes by lowering the price. Not only does food cost impact your prime cost—a key performance indicator that determines profitability and is the sum of direct labor and cost of goods sold—but it helps you price your menu and remain profitable. Keep an eye on the price of seasonal ingredients.

Scheduling 113

Scheduling Communication Training Customer Service 113

Hotel Business

JUNE 24, 2024

This year’s projected number of travelers for that time period is a 5% increase compared to 2023 and an 8% increase from 2019. million people traveling compared to 2019.” This year’s number also surpasses 2019 when 55.3 Gas prices are lower than last year when the national average was $3.53. AAA projects a record 60.6

Pricing 59

Pricing Training Book 59

Revenue Hub

JULY 10, 2023

When accounting for inflation, North American properties have comfortably exceeded their 2019 pricing levels, thanks to robust consumer spending on services. Non-adjusted prices are now nearly one-third higher than they were three years ago. A similar upward trajectory can be seen in Oceania.

Travel and Tourism 85

Travel and Tourism Pricing Article Accounting 85

PhocusWire

FEBRUARY 18, 2022

Data from Transparent and Amadeus shows hotels have tried tried to boost occupancy with lower rates in 2020 and the majority of 2021 compared with 2019.

Pricing 52

Pricing 52

CN Traveler

NOVEMBER 10, 2022

Domestic flight prices in October alone were 24 percent higher than pre-pandemic levels.

Pricing 76

Pricing 76

Hospitality Net

MAY 15, 2024

After integrating an online booking system in 2019, the Ace Parking team began using analytics to develop variable pricing to optimize revenue. IDeaS Car Park RMS now helps with demand management to ensure the business uses the capacity to its fullest potential.

Pricing 92

Pricing Book 92

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

Revenue Hub

JUNE 23, 2023

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. In addition to thoroughly reviewing your ADRs from 2019-2022, it’s critical to understand how comparable properties are performing in your market right now.

Pricing 82

Pricing Bookkeeping Property Management Book 82

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% In 2022, gross booking revenue was up 49% in Europe relative to 2019. The average daily rate (ADR) in Europe soared 25% above 2019 levels in 2022 and increased by 6% in Asia.

Book 94

Book Pricing Article Definition 94

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 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

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

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. Acquired in 2019 by Britannia Hospitality, the hotel saw a revenue increase from £5.8m

Pricing 98

Pricing Marketing 98

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

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. Food prices have been on a steady 2.6

Pricing 145

Pricing Scheduling Download POS Systems 145

Serviced Apartments

MAY 7, 2024

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.

Pricing 105

Pricing 105

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

OCTOBER 20, 2023

Against 2019, RevPAR was up by 12.8%, with a rise of 17.5% against 2019. against 2019. Q3 RevPAR increased 10% versus 2022 and 13% versus 2019, representing the fifth quarter of sequential improvement exceeding pre-pandemic high. Pricing remained very robust. in EMEAA, 13.8% in the Americas and 9.3%

Pricing 98

Pricing Marketing 98

Lodging Magazine

JUNE 12, 2023

Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. After hitting record lows during early points of the pandemic, last year finally presented long-awaited profitability returns for the U.S. hotel industry.

Presentation 110

Presentation Pricing Magazine Marketing 110

Lodging Magazine

OCTOBER 30, 2023

ISSY-LES-MOULINEAUX, France—According to Accor, hotel demand remained strong throughout Q3 2023, with RevPAR up 15 percent compared with the prior year despite a high comparable basis (RevPAR in Q3 2022 was up 14 percent compared with Q3 2019).

Pricing 68

Pricing Magazine Marketing 68

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

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

Hotel Owner

OCTOBER 17, 2023

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

Marketing 98

Marketing Pricing Budgeting Presentation 98

Modern Restaurant Management

FEBRUARY 24, 2020

Sixty percent of restaurants saw their labor costs increase in 2019 and 50 percent of respondents expect their labor costs to rise in 2020 and beyond, according to a survey of more than 1,000 restaurant managers, owners, and executives across North America conducted by 7shifts.

Pricing 197

Pricing Accounting 197

Hotel Owner

JULY 22, 2024

Scotland showed the strongest recovery in overseas visitors in 2023 compared with 2019, with visits up 15% while spend was up 41%, further supporting business for Scottish hotels. Bruce Springsteen’s sold-out concert in Belfast at the beginning of May contributed to prices soaring.

Travel and Tourism 52

Travel and Tourism Pricing Events 52