Revenue Hub

APRIL 13, 2023

Today we are joined by: Pontus Berner from berner+becker , one of our Expert Partners In today’s discussion we take another look at the German hotel market and follow up on our conversation in September when Pontus considered what might happen in Winter 2022 and he also looks ahead to Summer period coming up.

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Hotel Owner

MAY 16, 2023

A strong hotel market performance last year has pushed regional markets to the top of Colliers’ 2023 UK Hotel Market Index. Its annual Hotel Market Index in 2022 placed Edinburgh, Belfast and Bath as the top three performing markets. All 38 markets also recorded ADR figures above pre-pandemic levels during 2022.

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Hotel Business

NOVEMBER 14, 2023

and has been coming down since, despite global tensions causing ripples through the oil market. Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. Flights The average price for a domestic flight is $681, up 5% from 2022.

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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 Owner

NOVEMBER 7, 2024

The BoE said the cut follows “continued progress in disinflation, particularly as previous external shocks have abated, although remaining domestic inflationary pressures are resolving more slowly”. In today’s update, the bank said: “There remains significant uncertainty around the outlook for the labour market.

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Revenue Hub

OCTOBER 8, 2024

Macroeconomic variables: Including economic predictors, such as Gross Domestic Product (GDP), inflation rates, and unemployment rates, can boost forecast performance by capturing underlying causes of performance movements. Expert opinions : Engages insights from hotel management and operational staff to understand local market dynamics.

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Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences. 

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Hotel Owner

MARCH 7, 2023

Trade body UKHospitality has recently called on gas and electricity regulator Ofgem to intervene in the non-domestic energy market as businesses struggle with costs and a looming reduction in government support.

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Hospitality Net

AUGUST 2, 2023

Denver, CO – OTA Insight, the global leader in cloud-based hospitality business intelligence, today released a comprehensive analysis highlighting the influence of Taylor Swift’s Eras Tour on hotel demand and pricing, both domestically and internationally.

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Hotel Owner

MAY 16, 2024

Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023. Our Index is formulated in such a way that high land and construction costs and sluggish hotel market growth are penalised.

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Hotel Owner

MAY 11, 2023

The committee said it voted to increase the bank rate in an attempt to continue to address the “risk of more persistent strength in domestic price and wage setting”, as represented by its projected distribution for CPI inflation. Uncertainties around the global financial and economic outlook “remain elevated”, it added.

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SiteMinder

SEPTEMBER 20, 2022

Whether it is through branding messages, targeting the appropriate target audience or activities that keep previous guests engaged, the world of marketing for hospitality and tourism has evolved significantly in the digital age. What is hospitality marketing? Why is hospitality marketing important for hotels? Table of contents.

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Larry Mogelonsky

FEBRUARY 19, 2024

Adding to these challenges, RWLV has partnered with Hilton Hotels and has to position its three different room products in ascending order: Hilton, Conrad and Crockfords (also marketed as part of Hilton’s LXR Hotels & Resorts brand). All this hinges on raising awareness and marketing to feed the sales funnel across all segments.

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Hotel Owner

OCTOBER 10, 2023

RevPAR growth in the UK’s top 10 cities and hotel markets surpassed both 2022 and pre-pandemic 2019 levels during H1 2023, according to a new report by Christie and Co. The opposing forces of continued trading performance elevation and increased financing costs have largely underpinned this gap.

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Hotel Owner

MAY 22, 2024

Edinburgh has outperformed domestic hotel markets in light of its tight supply and growing tourism demand following the pandemic. Edinburgh’s world-renowned reputation for culture, sport and business make it one of Europe’s strongest hotel markets, which is being further driven by the post-pandemic recovery in international tourism.

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Revenue Hub

SEPTEMBER 12, 2023

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. Geographic Segmentation : Location: Domestic, international, specific regions or countries.

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SiteMinder

AUGUST 27, 2024

Airbnb initially made a significant impact on the Chinese market, offering travellers unique and affordable stays. As a result, Airbnb decided to shut down its domestic operations in China in 2022, leaving a gap in the market for both travellers and accommodation providers.

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Serviced Apartments

FEBRUARY 8, 2024

Bookings can be confirmed the day before flight departure for domestic travel and 10 days before overseas travel. It’s tailor-made for people embracing a flexible lifestyle and the ability to travel frequently – we’re proud to partner with Frontier to deliver the ultimate adventure at an affordable price.” Further information here.

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Hotel Owner

JUNE 29, 2023

Energy costs are hitting farmers, food producers and manufacturers, and hospitality businesses and will result in entrenched inflation, unless businesses can get out of energy contracts that were fixed far above the current market rate.

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EATER

SEPTEMBER 30, 2024

When Peter Platt was in Newport, Oregon in 2018, visiting Local Ocean Seafoods to bring them on as a supplier, he spoke with some of the fishermen docked outside the waterfront fish market and restaurant. They also cause power outages and disrupt transportation and distribution, which increases the price of all goods, including food.

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Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

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Hotel Owner

JANUARY 26, 2024

Revenue per available room in the UK rose 9% in December with New Year’s Eve seeing the highest prices across hotels in the UK, according to data from CoStar. Hotels saw the highest average rates during New Year’s Eve in 2023 as prices reached £165.

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Hotel Owner

JUNE 4, 2024

Out of the 40 markets CoStar tracked about 30 reported declines in RevPAR performance over the past month. Domestic tourist destinations such as Cumbria, including the Lake District, York, and East and West Yorkshire, were some of the “worst hit”. However, performance has been mixed across the country, depending on the market.

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Hotel Owner

JANUARY 16, 2023

The group has stated that since the energy cap was raised last year they have come across examples of energy companies raising rates above wholesale prices, hiking standing charges, demanding large deposits, and in some cases refusing to work with hospitality. It also wants an end to blanket withdrawal of quotes to sectors.

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Hotel Business

FEBRUARY 14, 2024

RobertDouglas conducts its annual lender survey to measure the current state of financing market conditions and ascertain critical future expectations through the lens of the specialist hospitality lending community.

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Revenue Hub

OCTOBER 7, 2022

In this article, we take a look at the challenges hotels are facing today, and outline a list of Hotel Sales & Marketing Tips you should implement to differentiate your business from the competition in 2023. Current market signals point strongly to a winter like 2019. These concerns are as follows: The Price of Air Travel.

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Hospitality Magazine

JULY 31, 2023

It’s impossible for local distillers to consider employing new staff, opening a distillery door or accessing new export markets with this out of control tax,” he said. “If If the government is serious about growing domestic manufacturing jobs, particularly in the regions, they can’t have it both ways.”

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SiteMinder

JULY 11, 2024

. “Partnering with SiteMinder marks a significant milestone for Globales, especially as we prepare for what our forecasts indicate will be a strong period of travel,” says Federico Crudo, Director of Commercial and Marketing at Globales. “We

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STAAH

OCTOBER 25, 2022

From effectively using the channel manager for distribution management to leveraging products such as Precium from Redsky that takes over from a skilled revenue manager to provide pricing recommendations based on analytics. Demand and pricing. When Covid hit, many destinations quickly moved to attract domestic guests.

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Hotel Owner

FEBRUARY 2, 2023

As part of its summary, the MPC said the decision comes as global consumer price inflation remains high, although it is likely to have peaked across many advanced economies, including in the UK.

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SiteMinder

FEBRUARY 8, 2024

Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. What are Chinese travellers?

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Hotel Business

JULY 25, 2024

Amid a normalizing domestic RevPAR environment, we delivered strong adjusted EBITDA driven by net room and ancillary fee growth. We awarded 33% more hotel contracts domestically which grew our development pipeline to a record 245,000 rooms, and drove significant increases in our U.S, international and global royalty rates.

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Hotel Owner

MAY 18, 2023

Operationally, the UK hotel market continues to perform strongly, with investors buoyed by RevPAR returning to, or exceeding pre-pandemic levels. Investment in the sector has been fuelled by robust levels of domestic travel, comprising strong leisure, and improving corporate demand, which have yielded often longer and more profitable stays.

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Revenue Hub

FEBRUARY 22, 2023

Each quarter, we share traveler insights based on our first-party data and research to better understand traveler behavior to help our marketing partners reach and convert travelers. While overall intentions to travel are high, traveler spending behaviors are expected to evolve, pointing to the growing importance of price and value.

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SiteMinder

MAY 8, 2024

Hotels in Thailand stood tall during the country’s largest and most important cultural event,” says Bradley Haines, market vice president of Asia Pacific at SiteMinder. Furthermore, domestic travellers in April reached their highest levels since October of 2023.

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SiteMinder

AUGUST 1, 2024

Hopper is a travel booking app that uses an algorithm to predict future flight and hotel prices. Hopper is known for its user-friendly interface and its ability to predict price fluctuations, making it a popular choice for savvy travellers. Make sure to factor this into your pricing strategy. What is Hopper?

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Hotel Owner

JULY 5, 2023

The Hunday Manor Hotel in the Lake District National Park has been sold to Osprey Hospitality Group from a guide price of £1.6m. We’re pleased to have been able to facilitate the quick sale of Hunday Manor Hotel which was only listed on the market earlier this year. This is our 56th sale in the region since the beginning of 2021.”

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