Revenue Hub

MARCH 30, 2023

2022 was a challenging year for many hoteliers, as rising energy and staffing shortages persisted. NB: This is an article from OTA Insight In the UK, RSM and Hotstats data found that utility prices had nearly doubled since 2018 and had increased by 49% compared to pre-pandemic.

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Revenue Hub

JULY 19, 2023

NB: This is an article from Altexsoft If you look at Amadeus’ in-depth Demand360® business intelligence data, you’ll see that the average global hotel occupancy rate was nearly 70 percent in the summer of 2022. This will allow you to dynamically optimize the pricing policy and sell your units at reasonable prices.

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EATER

AUGUST 12, 2022

Casa Bonita in June 2022. Little did we know, we were heading into 12 months of more COVID, inflation, some scary Supreme Court stuff, rising fuel prices, a war, and an uphill slog to get Casa Bonita back open for business. And while gas prices seem to be going down and inflation seems not to be going up, at least in the U.S.

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Modern Restaurant Management

APRIL 21, 2022

Every quarter, the manager sends a technician to each location for preventative maintenance, concentrating on the oldest equipment. For restaurants and QSRs, the high price of cooking oil is an ongoing pain point. In January 2022 alone, the cost of vegetable oil rose 4.2

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Hotel Owner

JUNE 19, 2023

We’re in our fourth year of operating pop-up hotels throughout the UK and Europe, managing reservations, distribution and pricing, as well as reception, cleaning and maintenance staff. During 2022, we saw up to 77% occupancy rates in our pop-up hotels in the UK.

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Revenue Hub

NOVEMBER 21, 2022

in Q3, 2022, each booking during that quarter was for 4.5 This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. It means implementing pricing rules that calculate rates based on the check-in date and the length of stay.

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Boutique Hotel News

MARCH 6, 2023

She has led projects ranging from renovation of student rooms and amenity spaces to managing large deferred maintenance projects. The living sector plays a major part in this strategy, and in 2022, Legal & General Capital helped fund more than 17,000 new homes across a range of tenures last year.

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Revenue Hub

NOVEMBER 16, 2022

102k surveys were pushed via Google through our platform between January and September 2022. Price (82%). In this screenshot, under Negative Impact, you’ll see the 3 main categories that need to be improved: Bathroom, Room Maintenance, and Furniture. Feature 10+ Positive and Negative Reviews on Your Website.

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Metasphere

MAY 4, 2022

But having said that, the pricing can differ from vendors. It's always wise to contact multiple vendors and ask for pricing quotes. Keep an eye on the implementation (system connectivity costs) and maintenance costs! Costs (integration, potential commission fees, maintenance fees, etc.).

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Modern Restaurant Management

JUNE 28, 2024

The main takeaway: It’s led to higher prices and lower foot traffic at many of the state’s dining establishments. “As a result of the minimum wage increase, most chains have raised prices in the region anywhere from the mid-single digits to the midteens,” writes Hottovy. percent lower than the national average.

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SiteMinder

OCTOBER 16, 2022

Marketing & pricing: Analysing financial statements can indicate whether your hotel’s marketing and pricing strategies are bringing in enough revenue, and whether you need to adjust your approach. This can be helpful for: Setting prices for your rooms or services (to maintain a healthy profit margin). 01/07/2022.

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Modern Restaurant Management

MAY 25, 2023

The Rising Cost of Fryer Oil The average price per unit (PPU) in the edible oils segment of the food market in the United States was forecast to continuously increase between 2023 and 2027 by a total of 10.27 This is after edible oil prices already underwent a steep increase in 2021 and 2022.

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Revenue Hub

MAY 16, 2023

Every dollar of revenue comes at a cost: labor, utilities, supplies, commissions, fees, maintenance, among many others. March 2023 March 2022 Variance ADR $338.50 $313.40 Profitability doesn’t just happen: it is the result of purposeful actions within the context of a business strategy that involves both revenue and cost management.

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Serviced Apartments

NOVEMBER 10, 2023

“As the industry has evolved, buyers are more discerning and well-informed, seeking clear answers about how the premium price associated with a brand name is justified and how their property investment will be cared for once the keys are handed over.

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Synergy Suite

OCTOBER 4, 2022

Over 6% of the hospitality industry walked off the job in February 2022. Changes continued to shake the industry with supply chain issues, soaring prices, and global staffing issues. In August 2022, the cost of food increased 11.4% Shortly afterward, was the Great Resignation.

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SiteMinder

NOVEMBER 15, 2022

in Q3, 2022, each booking during that quarter was for 4.5 This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. Make longer stays more attractive with LOS pricing and packages. ALOS abbreviates ‘average length of stay.’

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Travel Booster

JUNE 18, 2024

In fact, staying competitive in 2022 means keeping up with the newest digital technology. An ERP travel management solution empowers companies to manage content and pricing with flexible direct supplier connectivity. Originally created for enterprise manufacturers, enterprise resource planning (ERP) has quickly become a mainstay.

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Hotel Owner

DECEMBER 16, 2024

The model also incorporates a CapEx budget into the operational framework, ensuring regular investments in property maintenance. In 2022, the industry grappled with rising inflation, utility costs, and supply chain disruptions exacerbated by the Ukraine conflict. Everyone comes together for the same goal: profitability.

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Metasphere

APRIL 27, 2022

Make sure the system can be used as a hotel maintenance software that allows your housekeepers to log a water leak directly to the maintenance department, or for front desk agents to send a reminder to the bellboy to bring the guest's luggage down. What Is the Pricing Module for Housekeeping Systems?

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EATER

JUNE 4, 2024

French mustard What to look for: If you remember the mustard shortage of 2022 and the mad rationing that followed, then you will understand how integral this condiment is to French cuisine. Mauviel 1830 copper pots are the Rolls-Royce of copper cookware, with the price tag to match. Where to go: E. Dehillerin.

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eZee Absolute

NOVEMBER 19, 2023

Every hotel requires quality staff on all fronts; be it administration, maintenance, kitchen, housekeeping, or frontdesk. Rising cost of daily consumables Challenge Price inflation of daily use products, eatables, and other supplies has risen steeply in the last few years. Other than that, new hotels are entering the market every day.

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Les Roches

APRIL 13, 2023

With more than 900 million people visiting new destinations in 2022 alone, the industry is expected to generate $1.21 Diversification of investment portfolio Resorts, boutique hotels, budget hotels, hostels, extended stay hotels, inns, and suites: the types of hotels available to customers range from high-priced to budget and low-cost.

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Hotel Business

MARCH 16, 2023

The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%. In 2022, pent-up demand for travel shifted the balance back in favor of OTAs and reached 2019 levels again.

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Revenue Hub

FEBRUARY 27, 2023

Subscribe to our weekly newsletter and stay up to date In 2022, the U.S. Though prices and demand are at all-time highs, costs are through the roof — rising labor costs, supply costs, property maintenance costs, etc. Thanks to a record year of “revenge travel,” those metrics gave us much to celebrate.

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