Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Now is the time to take action to build your hotel budget plan! Hotel Budgets: Where it All Starts… The basis of the target or budget lies in a detailed demand calendar.

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Modern Restaurant Management

APRIL 18, 2024

The global restaurant fryers market is projected to grow at a CAGR of 5.6 percent over the forecast period of 2023 to 2033. The market sales are on course to increase from US$ 495.6 Million in 2023 to US$ 854.6 Million by 2033, according to Future Market Insights.

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Boutique Hotel News

JANUARY 16, 2023

[SPONSORED CONTENT] Cvent highlights some key findings from its latest Travel Manager Report and how venues can best capture demand in 2023. According to the new Cvent Travel Manager Report: Europe Edition December 2022 , corporate travel managers seek value, sustainability, and cost-cutting opportunities in 2023. Supplier takeaway.

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Revenue Hub

AUGUST 10, 2023

Budget concerns driven by rising inflation can affect leisure traveler’s plans – but the right strategy can help to ease those concerns. In this article, we will use insights from the survey to identify ways hoteliers can make a positive impact in easing traveler budget concerns. Consider the location and views of each room.

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Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. Unfortunately, the traditional marketing tech stack that restaurants have long relied on is outdated, overpriced and ineffective in today’s digital ecosystem.

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Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Or, are you looking to refine your approach and experiment with more targeted offers directed at specific age groups in 2023? NB: This is an article from 80 Days. THE MATURE DEMOGRAPHIC.

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InnQuest

JULY 10, 2023

Wondering how to map out the perfect hotel market segmentation strategy that keeps your hospitality business ahead of the curve? As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users.

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Hotel Owner

APRIL 11, 2024

To maintain competitiveness in the contemporary hospitality sector, it is not merely advisable to invest in search and metasearch advertising campaigns; it is essential to do so in a professional, performance-oriented manner, optimising investments and accurately allocating budgets.

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Revenue Hub

NOVEMBER 15, 2022

If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology. 2023 is time to do less with more. Of course, the level of expectation will vary hugely depending on the guest, market and hotel.

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Modern Restaurant Management

FEBRUARY 1, 2023

And in 2023, that’s the problem most hiring managers in the restaurant industry are facing. Traditional job advertising allows you to have a fixed budget while using old job data to inform decisions as to where to post your jobs. And knowing where to market may be what sets your hiring apart from your competition.

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Modern Restaurant Management

MARCH 23, 2023

But in 2023, month-over-month trend lines have evened out. percent YOY) was the top-performing QSR channel in February 2023. Yet QSRs are slowing down price increases to meet tightening budgets. A week ago, we lauded a flat line (on a graph, that is). Now that Silicon Valley Bank has “flatlined,” will QSRs suffer?

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Hotel Owner

OCTOBER 15, 2024

Consumers are ‘trading up’ in their choice of hotel as the cost-of-living pressure eases, causing demand for budget hotels to dwindle, according to data from RSM. Occupancy of UK hotels increased year-on-year from 73% to 76% for luxury hotels in August and from 80% to 82% for mid market hotels. in August 2023 to £380.30

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Hotel Owner

FEBRUARY 19, 2024

The luxury market in the UK hotel sector witnessed a spike in room rates and profits at the end of 2023, according to the RSM Hotels Tracker: Focus on Asset Classes. The increase in the middle market and budget hotels was less stark, from £132.96 RSM found that average room rates of UK luxury hotels jumped from £320.74

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Hotel Owner

MAY 14, 2024

Hotel marketing has come a long way, with the majority of holidaymakers – domestically and abroad – using the internet and their social media accounts to research and choose their next vacations. Are you aiming to build brand recognition in a new market? Do you want to boost off-peak season occupancy rates?

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Hotel Owner

OCTOBER 19, 2023

A major budget hotel in Belfast has been brought to the market for sale for offers of more than £7.175m. By May 2023, the revenue per available room in Belfast was up 52 per cent against the same period during 2019 showcasing the growth in this sector.

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Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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Revenue Hub

DECEMBER 12, 2022

Hotels have probably submitted the budget for 2023 by now, most likely in the traditional format of the P&L with revenue by a few revenue sources and then an endless number of rows outlining the different cost categories. Marketing and sales costs should be included in the CAC calculation. Labor costs. Definitions and KPIs.

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Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

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InnQuest

AUGUST 3, 2023

To read a comprehensive guide to hotel market segmentation, click here. Baseline client expectations should be documented and explicitly communicated to your whole staff and in all marketing materials. What Factors Affect Guest Satisfaction? Conclusion According to J.D

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Revenue Hub

APRIL 4, 2023

With limited budgets and resources, it can be challenging to compete with larger hotels and chains that have a more extensive marketing budget and reach. For the less tech-savvy hotel owners, we would recommend hiring a digital marketing professional to review, recommend and implement the necessary changes to your website.

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Revenue Hub

DECEMBER 13, 2023

The marketing funnel refers to the journey a customer takes from ideation to execution of a purchase. Since that initial surge, CVRs have normalized in 2023 as travelers resumed their pre-pandemic purchase behavior. This also means that marketing strategies and budgets need to adjust accordingly.

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Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

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The Restaurant Times

NOVEMBER 17, 2022

The market has changed regarding what people spend their money on in recent years. To have a successful endeavor, however, you must heavily implement extreme and exceptional marketing efforts to start and end your pop-up with a splash. . How To Successfully Do Pop-up Marketing. Start Marketing at Least 7 Months in Advance.

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7 Shifts

JUNE 16, 2024

million worldwide, and in 2023, there were about 749,404 restaurants in the United States alone. This is where being well-equipped with a fool-proof restaurant marketing plan comes in. How do you create a good restaurant marketing strategy? Following these steps, you can create a marketing strategy suited to your business needs.

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Hotel Owner

NOVEMBER 30, 2022

Oliver Brown, the general manager of Wivenhoe House Hotel, said: “In 2023, hoteliers will be expected to build their business strategy on conscious decision-making behind the scenes. The American market in particular is looking healthier, which we expect to show with bookings in the new year for spring/summer trips.

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Hotel Owner

OCTOBER 17, 2023

The luxury hotel market has been the driving force behind the hotel industry’s recovery this summer, with record room rates and a boost to RevPAR across the UK, according to RSM. In the same period, rates of middle market hotels were £149.76 for budget hotels. in August) and budget hotels (£48.44 to £101.49 in August).

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Hotel Owner

OCTOBER 1, 2024

As a result, hotel investment transactions across the country in the current year to date have hit £3.82bn, surpassing the total 2023 volume by £1.6bn. Investors are increasingly targeting structural levers and differentiated business models, with substantial interest in both high quality and budget assets.”

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Hospitality Net

OCTOBER 17, 2023

easyHotel, the low carbon affordable hotel chain, is pleased to announce its trading results for the first half of 2023, delivering positive results as it continues to capitalize on strong market fundamentals in the budget travel segment.

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Hotel Owner

DECEMBER 22, 2022

Yet, they are more budget conscious than before, with 62% of vacationers seeking more bang for their buck. By tapping into these market trends, incorporating small service differentiators and key messages across marketing efforts, hotels can maximise their potential to increase staycation bookings as flight costs continue to remain high.

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Hospitality Magazine

JULY 31, 2023

Over 100 hospitality professionals gathered for the 2023 Hospitality Leaders Summit at Melbourne’s Metropolis Events yesterday. He also touched on the battle that is costing, and told guests to look to the season for budget-friendly creations. “Go Stay tuned for Hospitality’s next event.

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Hotel Business

JANUARY 4, 2023

Hospitality management platform Cloudbeds has shared its predictions for the five key trends set to shape the hospitality industry in 2023. Cloudbeds predicts travelers will still continue to seek out unique experiences, so even lower-budget properties that can deliver on that will benefit from all the value-seeking travelers next year.

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Hotel Business

NOVEMBER 30, 2023

These new partnerships have enhanced the company’s footprint in key markets and have contributed to overall growth and performance metrics. Guest satisfaction & performance results: HE achieved “exemplary” performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Marriott Jr.

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Boutique Hotel News

JANUARY 27, 2023

The company, which has €18 billion of assets under management, has committed to reducing embodied and operational CO2 emissions by 30 per cent and 50 per cent respectively before the end of 2023. 2023 is likely to see further political and economic uncertainty which will see winners and losers on the exchange rate see-saw.

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Revenue Hub

FEBRUARY 15, 2023

However, limited budgets will force many to adjust travel plans and reduce overall holiday spend. It’s the only way to develop the agile practices you need to detect, understand and quickly react to trends and market changes. Focus on market segments and distribution channels that continue to drive revenue.

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STAAH

NOVEMBER 15, 2022

Modern travellers are redefining what hospitality looks like in 2023 and beyond. Expect budget-conscious guests to walk through the doors in 2023, possibly beyond. What do these travel trends mean for hotel marketing? Goodbye bland travel experiences. Hello “culture shock”. Focus on customer experience.

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Revenue Hub

APRIL 21, 2023

Subscribe to our weekly newsletter and stay up to date New startups were popping up like mushrooms and building mobile apps that were very quick to market, causing hotels to surf the “contactless anything” wave a bit like it was Y2K.

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Revenue Hub

FEBRUARY 16, 2023

Last week, in “Hotel Marketing in a Down Economy,” we shared some important hotel booking pattern signals, what history has taught us about navigating a challenging economy, and how properties can come out stronger on the other side. Online Travel Agent sites (OTAs) compete heavily on these channels to steal market share. decrease YoY.

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