Hotel Business

NOVEMBER 14, 2023

Holiday booking prices This holiday season, travelers are generally paying less for domestic trips compared to last year and more for international vacations. The one exception is airfare, which is slightly more expensive for domestic flights this season and a bit lower for international flights. from last year.

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SiteMinder

FEBRUARY 14, 2024

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Domestic tourism trends The essence of domestic travel, where the journey begins and ends within the same country, is undergoing a remarkable transformation.

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Hotel Business

NOVEMBER 7, 2022

30, reported domestic RevPAR growth accelerated quarter-over-quarter, increasing by 15.2% Domestic RevPAR growth has surpassed 2019 levels for 16 consecutive months through Sept. 11, for a purchase price of $674 million. The company’s total domestic pipeline as of Sept. Choice Hotels International Inc. ,

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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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Modern Restaurant Management

JUNE 18, 2021

The COVID-19 pandemic led to fluctuations in domestic producer prices, particularly in the food sector , according to the U.S. Combine the rising prices of food with the drive to be more sustainable, and we have reached the point where we need to reduce, reuse, and shop local. Bureau of Labor Statistics.

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Hotel Business

DECEMBER 16, 2022

And, despite rising prices for both domestic and international flights (up 52% YoY for domestic and 29% YoY for international), high prices don’t appear to be discouraging U.S. But booking last minute, while on-trend, won’t necessarily get you a great price. travelers from taking bucket list trips in 2023.

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Hotel Owner

MAY 20, 2024

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. In 2023, the share of Britons taking a domestic summer holiday, or staycation, in the UK increased by 50% compared to the previous year.

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Revenue Hub

APRIL 13, 2023

Subscribe to our weekly newsletter and stay up to date With concern over a possible recession and rising energy prices we see if this translated into a downturn in anyway. Finally, were there any pricing pressures that came through into the market.

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Hotel Business

DECEMBER 15, 2023

This year’s total number of domestic travelers is a 2.2% Average ticket prices are slightly lower than last year. According to AAA booking data, the average price for a roundtrip ticket to Orlando this holiday season is $613, down from $735 last year. AAA projects 115.2 AAA projects 7.5 million passengers.

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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.

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Hotel Business

MAY 16, 2023

Despite high ticket prices, demand for flights is skyrocketing. Gas prices are lower this holiday compared to last year, when the national average was more than $4 a gallon. Gas prices are lower this holiday compared to last year, when the national average was more than $4 a gallon. more—than in 2019. million, an increase of 20.6%

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Hotel Owner

MAY 2, 2023

The Novotel in Milton Keynes has been brought to market, with a price available upon application. The three-star rated hotel in Milton Keynes city centre features “extensive” conferencing and leisure facilities, as well as 124 en-suite bedrooms, a gym, bar and a 75 cover restaurant.

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Marketing Training Pricing 119

Hotel Owner

MARCH 31, 2023

The government is set to introduce the Energy Bill Discount Scheme from tomorrow (1 April) which will replace the current Energy Bill Relief Scheme while providing discounts to eligible non-domestic businesses. But concerns have been raised surrounding the funding of the scheme which will be capped at £5.5bn.

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Pricing 119

Modern Restaurant Management

DECEMBER 7, 2021

Cocktail enthusiasts continue to harness technology to master domestic mixology from the comfort of their homes while having spirits delivered directly to their doors. One in four (26 percent) consumers said they drink cocktails when visiting the On Premise, and the average price of a cocktail is $11, with an average check value of $75.

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Accounting Pricing Marketing 197

EATER

FEBRUARY 22, 2022

But avocado prices are still expected to rise in the short-term Less than a week after the United States Department of Agriculture announced that it would halt avocado exports from Mexico following an anonymous threat directed at one of its inspectors in the country, the agency has officially rescinded that decision. in January 2021.

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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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Pricing Marketing 105

EATER

APRIL 18, 2024

Dinner parties became normal, and hosting a way to both gather your friends and show off your domestic skills. In this moment of ever-increasing food prices, it’s starting to feel a bit like the bad old days. I get that cooking a whole dinner for a bunch of people can be expensive.

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Procurement Definition Pricing 139

Revenue Hub

AUGUST 29, 2024

Understanding Seasonality in the Hospitality Industry Seasonality plays a pivotal role in the hotel industry, directly influencing demand, pricing, and overall profitability. You can capture bookings from travellers looking for lower prices without the crowds of peak seasons.

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Budgeting Marketing Book Pricing 108

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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Pricing Marketing 105

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. Understanding these patterns allows hotels to optimize pricing and maximize revenue.

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Strategic Planning Revenue Projections Information Article 109

Revenue Hub

OCTOBER 7, 2022

These concerns are as follows: The Price of Air Travel. In summer 2022, we saw record-breaking prices for air travel, and due to pent-up demand, guests had little to no issues paying more to get away. In Europe however, flight prices seem set to rise. Hotel ADR in Winter 2022 to 2023.

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Modern Restaurant Management

DECEMBER 14, 2021

These challenges pose the potential for inventory constraints, menu price increases, delays in service and more, impacting not only the hours restaurants can stay open but also the capacity at which they can operate. Those that raise prices too far will risk alienating some of their customer base.

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Pricing Scheduling Training Marketing 189

InnQuest

JUNE 6, 2023

Some OTAs have focused on promoting domestic travel and offering flexible cancellation policies, while others have expanded their offerings to include virtual experiences and activities. To learn about hotel pricing strategies to boost revenue in 2023, read this. Book a demonstration of our award-winning hotel management software here.

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Travel and Tourism Book Blog Pricing 131

Modern Restaurant Management

MAY 24, 2021

Have there been changes in what comes from imports vs. domestic? Imports are backed up by several weeks to a month and resin prices keep rising, pushing up the price of disposables as demand continues to be very high. How quickly will demand return and will retail demand remain at higher levels? Have there been cost increases?

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Pricing Magazine Marketing 143

Hospitality Magazine

JULY 31, 2023

If the government is serious about growing domestic manufacturing jobs, particularly in the regions, they can’t have it both ways.” If we asked our loyal customers to pay an extra $2 or $3 every six months, we would start to look greedy in their eyes, and it puts us out of the price range that they can afford,” Brook said.

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EATER

JUNE 16, 2020

Delta will be removing alcohol from its domestic flights, though it will still be available on international flights. The national sourdough craze might be over, as baking goods prices return to normal. [ Some airlines are limiting drink service to water only, according to CNN , or to water and soft drinks. And in other news.

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Pricing Marketing 116

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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Marketing Pricing 71

Modern Restaurant Management

SEPTEMBER 17, 2022

In addition, bartenders are mixing sparkling wine of all styles and prices into their cocktails to add effervescence, crispness or sweetness to the experience. There is also a growing trend in wines priced to sell with good value in either BTG or by-the-bottle formats to drive more orders and not just high margins.

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Presentation Catering Accounting Pricing 189

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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Revenue Hub

MAY 31, 2024

Gen Zers and millennials who responded to our survey are planning a nearly equal number of international and domestic trips in 2024, no matter their country of origin, whereas older generations are planning to take roughly twice as many domestic trips (Exhibit 2).

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Hotel Business

FEBRUARY 14, 2024

Providing insights on the metrics most important to lenders in the underwriting, sizing and pricing of hotel loans, the study includes more than 70 financing originators that including life insurance companies, debt funds, conduit lenders and banks.

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Pricing Marketing 111

Revenue Hub

JANUARY 30, 2024

Using third-party booking sites and other online channels, hotels can sell rooms at a broader range of price points and appeal to more customers at once. Online booking sources work on behalf of the hotel, increasing revenue by capturing reservations at all hours, even when staffing at the hotel is limited.

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Hotel Owner

MAY 16, 2023

The index analysed the performance of 38 UK cities across ten performance indicators including occupancy figures, average daily room rates, RevPAR growth, development costs, land prices and market appetite.

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Marketing Pricing 103

Modern Restaurant Management

DECEMBER 1, 2021

Global and domestic supply chains are more complex and interdependent than ever, and while they offer consumer benefits like more choices, lower prices, and the year-round availability of many food items that were once only seasonal, the increasing number of moving pieces also adds more risk for product quality and food safety failures.

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Hotel Owner

JUNE 29, 2023

She continued: “While its review into the non-domestic energy market is positive, it has been ongoing for at least six months with no conclusions. The severity of the situation facing hospitality businesses requires far more urgency from the regulator and this inaction has resulted in business failure, which we have continuously warned of.

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Pricing Marketing 100

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. The 27-bedroom hotel near Workington, which is set in four acres of grounds, has a 70-seat restaurant, lounge and cocktail bar, as well as conference and banqueting rooms for 250 guests.

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Special Events Events Pricing Marketing 105