Revenue Hub

NOVEMBER 3, 2023

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. Are there ways to make the 2024 budgeting process more streamlined and efficient? Start Early but Submit Late Hoteliers often complain that the budgeting process seems to start earlier every year.

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Modern Restaurant Management

JANUARY 30, 2024

So, what can the QSR industry expect in 2024? As consumers continued to watch spending during the holiday-laden end of the year, QSRs remained a budget-friendly way for guests to enjoy dining out without overspending. Looking back at last quarter’s performance suggests the glass is proverbially half full.

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Revenue Hub

SEPTEMBER 5, 2023

Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. You’ll need to address problem areas in your 2024 hotel budget. Let’s dive in!

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Hospitality Net

NOVEMBER 4, 2024

With the 2025 budgeting season in hospitality underway, it’s not too late to compare marketing spend in hospitality to the broader economy. As per Gartner CMO Spend Survey, the average 2024 marketing budgets are 7.7% of total revenue, the lowest post-pandemic spend.

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Modern Restaurant Management

JANUARY 3, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. We will rely heavily on the travel industry in 2024 to continue bringing us customers from local cities like Philadelphia, DC, Baltimore, New York, NJ, etc.

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Hotel Owner

APRIL 19, 2024

In fact, according to data firm OAG, European airlines have set aside more than 800 million seats between April and October, and further data indicates that 84% of consumers are prioritising travel within their own personal budgets this year. But where exactly do the opportunities lie for the mid-scale market in 2024?

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Modern Restaurant Management

APRIL 10, 2024

But if last year was any indicator, restaurant operators are on the road to relief in 2024. The restaurant equity market also showed signs of recovery, with healthy market debuts from Cava and Dutch Bros. In 2024, we expect these trends to shape the restaurant sector. Coffee in 2023. Data from the U.S.

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Modern Restaurant Management

JULY 9, 2024

percent YOY) and throughout 2024 were primarily due to price increases, which have surged nearly 50 percent in some segments since the pre-pandemic era and were still up 3.0 ” To optimize your menu using value or bundled meals, remember the 3M’s: Measure, Market and Monitor. Effective marketing can bridge this gap.

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Revenue Hub

JANUARY 17, 2024

As the hospitality industry gears up for a transformative year in 2024, hoteliers face an exciting challenge – how to capitalise on emerging trends to boost bookings and revenue in the first two quarters. Create personalised marketing campaigns that target specific demographics with tailored promotions.

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Hotelogix

SEPTEMBER 16, 2024

In 2024, online travel agencies are still an important part of how hotels get bookings. Agoda – Popular in Asia, Agoda lists hotels, hostels, and vacation rentals, making it great for budget and luxury travelers. The commission is usually between 10% to 25%, depending on the OTA and the market. How do OTAs Rank Hotels?

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Hospitality Net

MAY 31, 2024

International hotel brands will continue to pour into Spain, according to Global Asset Solution’s Spanish Hotel Market Outlook 2024. The company said that it expected to see budget brands join the swelling numbers of luxury flags as both domestic and international tourism grew.

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Revenue Hub

AUGUST 22, 2024

With increasing competition and more companies fighting for your guests’ wallets in 2024, planning your Black Friday strategy early is key to having a successful weekend (or week) once November rolls around. Read the full article at gcommerce The post 4 Tips to Win Black Friday in 2024 appeared first on Revenue Hub.

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Modern Restaurant Management

JUNE 28, 2024

“Both full-service and fast food restaurant customers are skewing a bit more toward higher income levels and college graduates,” says Forrest Morgeson, Associate Professor of Marketing at Michigan State University and Director of Research Emeritus at the ACSI.

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Hotelogix

SEPTEMBER 6, 2024

You have the opportunity to personally meet your target market. Picture how invaluable and priceless the information you can gain from them to aid in your upcoming marketing campaigns.   Now let's examine a few upcoming hotel trade events that you have to go to in the last few months of 2024. Why Attend?

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Hospitality Net

JULY 26, 2023

With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter.

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Modern Restaurant Management

DECEMBER 27, 2023

restaurant industry will continue to shake off the aftereffects of the pandemic in 2024, but that doesn’t mean the challenges that remain are easily dispelled. Beyond recruiting, many employers are responding to the tight labor market by sharpening their focus on the kind of employee experience they’re providing.

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Blue Magnet Interactive

OCTOBER 27, 2023

The landscape of the hotel industry in 2024 is evolving rapidly, with an unmistakable tilt towards the digital sphere. From the undying power of social media to the continued importance of search engine marketing, maintaining a robust online presence is no longer a luxury – it’s a vital aspect of success.

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7 Shifts

JUNE 16, 2024

This is where being well-equipped with a fool-proof restaurant marketing plan comes in. After analyzing the latest industry trends, viral content, and successful campaigns, we have developed an all-in-one marketing guide to help you craft your strategy to attract new customers and keep your previous diners coming back.

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Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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Modern Restaurant Management

JULY 16, 2024

To get more insights on the current status of the restaurant real estate market, Modern Restaurant Management (MRM) magazine reached out to Satya Guduru , CEO at Janapriya Upscale USA. What markets are doing well and why and what ones are not doing so well? Cost conscious consumers are looking for budget-friendly options.

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Hotel Business

NOVEMBER 14, 2023

As a result, occupancy levels have declined in each of the past seven months, relative to comparable 2022 levels, and are expected to continue to be down during the remainder of this year and through at least the first quarter of 2024. Room rate growth had played a significant role in the initial recovery for U.S. RevPAR percent change, U.S.

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Revenue Hub

DECEMBER 8, 2023

As we approach 2024, the hospitality industry’s landscape is set to undergo significant transformations characterized by increased personalization, automation, AI, and cybersecurity, just to name a few. To stay relevant and resilient in 2024 and beyond, here are five key hospitality trends and the innovations they’re supported by.

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Revenue Hub

DECEMBER 12, 2023

Online advertising is becoming increasingly popular, with so many channels to pick from, and so many marketing strategies to choose from, it can be difficult to know which one is best for your business. We have seen some great results from our clients, and we want to share our reasons for considering Bing in next year’s marketing strategy.

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Revenue Hub

MARCH 6, 2024

Hey hotel marketers! Starting March 11, Google Ads is implementing a new policy that’s all about boosting your campaign’s budget efficiency. Why This Update Matters for Hoteliers For hotel marketers, this update is a wake-up call to review and refine your Google Ads strategy.

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Modern Restaurant Management

JULY 22, 2024

According to the National Restaurant Association, operators’ 2024 sales should exceed $1 trillion. For example, one of the major drains on restaurants’ budgets is electricity, which powers up those all-important air conditioners. According to the U.S.

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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 2024. to £103.94

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Revenue Hub

JULY 19, 2023

In the ever-evolving world of travel marketing, metasearch has emerged as a game-changing tool for hotel chains. Subscribe to our weekly newsletter and stay up to date What’s more, it holds the promise of being a critical channel in the future, as it does not rely on third-party cookies that will become obsolete in 2024.

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Revenue Hub

NOVEMBER 14, 2024

billion in Google Ads, and for Black Friday 2024, they’re expected to more than double that, with an estimated $12 billion in total marketing spend. However, the reality is you don’t need to match their marketing spend to win direct bookings.

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Hotel Business

FEBRUARY 1, 2024

According to the 2024 State of the Meetings Industry report from Knowland and ConferenceDirect , pricing continues to be an issue with 47% of meeting planners. The report reveals insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2024.

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Revenue Hub

MARCH 13, 2024

What was already a valuable tool for hoteliers has now become an essential driver of bookings and revenue in 2024. This surge in success really highlights why metasearch must be an indispensable part of your hotel’s marketing strategy. MEGA META Despite a 24% decrease in spending, metasearch generated an incredible $18.5

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Revenue Hub

OCTOBER 22, 2024

In July 2024, Germany saw a record in precipitation, with more liters per square meter than any year since tracking began in 1881 (Zeitonline). We do this to be able to track three very important key performance indicators: Market Penetration Index (MPI), Average Rate Index (ARI), and Revenue Generation Index (RGI).

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Hotel Owner

OCTOBER 1, 2024

Savills research has found that, while portfolios have dominated in 2024, there has been improving activity across single assets. Rob Stapleton, director and head of UK hotel capital markets at Savills, added: “The hotel sector has shown remarkable resilience, bouncing back from market uncertainty with strong investment opportunities.

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Modern Restaurant Management

APRIL 3, 2024

Statista’s market insights forecast the global cost of cybercrime will increase from $9.22T in 2024 to $13.82T in 2028. Your partner will also provide recommendations tailored to align with the rest of your technology environment, as well as your budget limitations and real-world business risks.

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Hotel Business

OCTOBER 5, 2023

According to a recent global survey conducted by Hilton and Ipsos , travelers say they will reduce other areas of personal spending to prioritize leisure travel in 2024, with a majority across generations indicating their No. 1 reason to travel in 2024 will be to rest and recharge, with more emphasis on sleep than ever before.

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Revenue Hub

MAY 2, 2024

Statista estimates that 2,707 hotels will open their doors globally in 2024. A handful of multi-brand conglomerates are now dominating the market across segments from luxury to budget. Hotel brands are unique identities developed by hotel chains to set themselves apart in the market. room supply.

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7 Shifts

OCTOBER 22, 2024

Let’s explore 26 proven online marketing strategies to help your restaurant thrive. Build a mobile-friendly restaurant website In 2024, roughly around 63% of all web traffic came from mobile devices. To do so, you must have an optimized website and engaging social media profiles.

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Revenue Hub

MARCH 26, 2024

In fact, Hubspot’s 2024 State of Sales Report states that 96% of buyers have already researched solutions for their problems before even speaking to anyone at a company. Here are some strategies to help you squeeze every drop of potential from your efforts and budget. Marketing Ideas for Hotels appeared first on Revenue Hub.

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