EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

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Modern Restaurant Management

OCTOBER 30, 2024

. "Value is a broader tent than price, but price is an important value platform when consumers are faced with high inflation or a personal economic situation such as a job loss," Tim Fires, president of global foodservice at Circana, told Modern Restaurant Management (MRM) magazine. "We

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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.

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Hotel Business

OCTOBER 17, 2024

The current Sonesta long-term management agreements are expected to be converted to long-term franchise agreements with Sonesta as the hotels are sold, which is anticipated to occur in 2025. and Canada. The post Sonesta to franchise 114 hotels upon SVC sale appeared first on hotelbusiness.com.

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Hotel Owner

OCTOBER 14, 2024

Andy Short has been appointed head chef at ISCA , the restaurant at Voco Zeal Exeter Science Park Hotel, which is set to open in January 2025 as IHG’s first net zero carbon hotel. The Haughmond Inn, a multi-faceted hospitality business in Upton Magna, has been listed for sale with a guide price of £1m.

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Modern Restaurant Management

SEPTEMBER 27, 2024

Expert Market’s survey results also revealed that labor shortages have been cited as a top concern for nearly a quarter (23 percent) of US F&B businesses, top chart. This finding from Expert Market’s 2024 F&B Industry Report sheds light on a clear culinary gap within the industry's workforce.

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Revenue Hub

MAY 24, 2024

Whether it’s a Friday evening flight, a hotel during the holidays, or a taxi ride in a downpour, we have all been burned by higher-than-normal prices due to excess demand. ” Restaurants have long used dynamic pricing, for example, by offering Happy Hour specials to attract customers after work.

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Hotel Business

SEPTEMBER 19, 2024

“For many in the hospitality industry, this move comes at a critical time, as hotel owners continue to navigate the challenges posed by rising costs and a fluctuating market. He continued, “That said, it signals the beginning of a market thaw, which is a good thing for the hotel industry. Equity (mezz) will still be 14-16%.

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Hotel Business

JULY 18, 2024

Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% The company continues to evaluate the sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025, respectively. capitalization rate on net operating income for the trailing twelve months ended March 31.

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Hotel Business

SEPTEMBER 19, 2024

“Our team has successfully acquired a number of hotel properties at below-market prices, taking advantage of the current slowdown in transactions,” said Greg Friedman, managing principal/CEO of Peachtree. “Given these factors, we anticipate an increase in transaction activity in the waning months of 2024 and into 2025.” .

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SiteMinder

SEPTEMBER 17, 2024

Unlike revenue management systems that have traditionally been accessible to a limited number of hotels, the dual capability within Dynamic Revenue Plus means any hotel can, for the first time, use one, mobile-first system to optimise their revenue based on market demand.

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Hotel Business

JANUARY 4, 2024

As a result of the refinancing, Pebblebrook has no meaningful debt maturities until October 2025. Pricing on all the company’s term loans remained unchanged and is based on a pricing grid of 140 to 245 basis points over the applicable adjusted term SOFR. “We BofA Securities Inc. Truist Securities, Inc.;

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Hotel Business

SEPTEMBER 27, 2023

presented the company’s three-year financial model through 2025 at its meeting with institutional investors and security analysts today at the W South Beach in Miami Beach. million rooms by year-end 2025. billion in 2025. billion in 2025. billion over the three-year period through 2025. billion to $5.8

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Hotel Owner

JUNE 10, 2024

Savills and Eastdil Secured are marketing the W Edinburgh hotel for sale. Additionally, Savills is marketing a 25% interest in Edinburgh’s St James Quarter, a mixed-use scheme featuring retail, residential, and leisure spaces. The Brambletye Hotel in East Sussex is up for sale with a guide price of £1.5m.

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Hotel Business

MAY 25, 2023

has successfully completed the refinancing of its previously outstanding Senior Secured Term Loan B Facility due May 2025. The net proceeds from the New Term Loan B were used to repay all outstanding principal under its Term Loan B due 2025. Wyndham Hotels & Resorts Inc. The company closed on a new $1.1

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Hotel Business

JUNE 21, 2024

“We are pleased to expand our portfolio with the acquisition of the newly constructed, custom Embassy Suites Madison Downtown and increase our presence within the dynamic and business-friendly Madison market,” said Nelson Knight, president, real estate and investments, Apple Hospitality.

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Hotel Business

AUGUST 19, 2024

Under this agreement, Sonder’s open and pipeline portfolio, which primarily consists of apartment-style accommodations in urban markets, is expected to be added to the Marriott system under a new collection called “Sonder by Marriott Bonvoy.” Marriott International Inc.

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Hotel Owner

MAY 19, 2023

She added: “We also recognise that the competitive nature of the current London housing market can be challenging and so being able to offer flexible long-stay apartments gives those a chance to discover more options to cater for what they are looking for, at a more affordable price than a hotel or renting.”

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Hotel Business

JUNE 5, 2023

The brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Marriott has long believed in having the right accommodations in compelling destinations at the right price point,” said Anthony Capuano, president/CEO, Marriott International. Marriott International Inc.

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Hotel Business

AUGUST 1, 2024

The acquisition price represents an 11.1x We are excited to add the 1 Hotel Central Park to our portfolio and further diversify Host’s presence in New York City, one of the top performing RevPAR markets in the country,” said James F. The acquisition price represents a 16.3x Host Hotels & Resorts Inc.

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Hotel Owner

OCTOBER 16, 2023

Elegant Hotel Collection is venturing into the luxury soft brand market with a portfolio of 25 luxury hotels and ambitious plans to add 50 more worldwide by the summer of 2024. The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI.

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Hotel Owner

MARCH 20, 2023

The Yotelpad will deliver modern studios, referred to as PADs, featuring multi-functional live/work/sleep areas, bathrooms featuring amenities from Yotel partner Urban Jungle and fully-equipped kitchenettes – all at an affordable price point.

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Revenue Hub

OCTOBER 25, 2024

This data enables hotels to deliver targeted marketing messages that align with guest interests, increasing the likelihood of bookings and driving repeat business. Automating these personalized campaigns with email marketing tools also reduces manual work for your team.

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Hotel Owner

NOVEMBER 3, 2023

Michael Bonsor has been appointed as the managing director for The Chancery Rosewood , a luxury hotel opening in London’s Mayfair in 2025. Factors such as the war in Ukraine, climate-related wildfires, rising living costs, and inflated prices are affecting leisure travel confidence.

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Revenue Hub

OCTOBER 11, 2023

Subscribe to our weekly newsletter and stay up to date Volume: by 2025, it is estimated that 463 exabytes of data will be created each day globally. And it’s game-changing for hospitality businesses that use it effectively, helping you drive revenue and stay ahead of the fierce competition in today’s market.

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Revenue Hub

JUNE 2, 2023

NB: This is an article from Net Affinity Travellers are constantly comparing rates across channels – especially Millennials and Gen Y, who hold the largest travel market share at 33% of the market. In 2021, OTAs accounted for 52% of the hotel online market, but the share is expected to decline to 48% in 2025.

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InnQuest

MARCH 23, 2023

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. Pricing has also increased due to inflation and is expected to rise further due to increased demand.

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Hotel Business

MARCH 28, 2024

“We are pleased to expand our portfolio with the acquisition of the AC Hotel Washington DC Convention Center and are thrilled to establish a presence in downtown Washington, DC, a market we have tracked and wanted to have a presence in for some time,” said Nelson Knight, president, real estate and investments, Apple Hospitality.

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Hotel Business

APRIL 11, 2024

Sunstone is acquiring the hotel for a gross purchase price of $230 million. Inclusive of the incentives offered by Hyatt, the net purchase price implies a value of approximately$352,000 per key and represents an 11.1x Sunstone Hotel Investors Inc.

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Modern Restaurant Management

FEBRUARY 2, 2023

They might also want to restock popular brews, with recent research from the International Wine and Spirits Record asserting that the alcohol e-commerce sales will hit $42 billion by 2025. As the industry continues to face product inflation, labor market fluctuations, and supply chain issues, maintaining margins is more important than ever.

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Hotel Owner

NOVEMBER 3, 2022

In the MPC’s November central projection that is conditioned on the elevated path of market interest rates, GDP is projected to continue to fall throughout 2023 and 2024 H1, as high energy prices and materially tighter financial conditions weigh on spending. percentage points.

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Revenue Hub

AUGUST 1, 2024

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Google has announced that their planned removal of commission bidding on metasearch will be pushed back from October 2024 to February 2025.

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Revenue Hub

FEBRUARY 20, 2024

Additionally, Google has announced that reconciliation for commissions per stay will be available for nine months post-deprecation (until July 31, 2025) providing hotels with ample time to manage any outstanding commission-based transactions. What does this mean for your hotel? First, it’s essential to understand the need for this transition.

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Boutique Hotel News

NOVEMBER 2, 2022

The UK is the world’s third largest eCommerce market, with 80 per cent of people shopping online – tipped to rise to 89.6 per cent by 2025. Live pricing and availability of their catalogue. To thrive, hoteliers need to view their property holistically and consider how to monetise their wide range of products and services.

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Hotel Owner

JUNE 28, 2024

The good news looks set to continue for the sector, as RSM UK’s latest Consumer Market Outlook found consumers are planning to cut back on overseas breaks but continue treating themselves to a staycation in the UK.” That said, gross operating profits of UK hotels are on the up, so much so that they’ve overtaken pre-pandemic levels.

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Hotel Business

JUNE 22, 2023

The three top concerns for hospitality CFOs and senior management include interest rates, the looming recession fears, and the state of the hospitality labor market.” Valuations/pricing expectations 3. Top three factors impacting transactions in 2023: 1. Interest rates 2.

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Boutique Hotel News

APRIL 21, 2023

For example, sustainability targets under Future Planet include net zero scope one and two carbon emissions by 2030, and for our supply chain to be ISO14001 accredited by 2025. Recent spikes in the energy market should be a great lesson to invest in future technologies that will bear the brunt of market volatility.

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