Peter Strebel

📊 Elevate your lodging business's operations! Discover 14 essential features your tape chart (AKA occupancy map) should have. Read our latest blog now! 👉 https://hubs.ly/Q02DrH4l0 #rezStream #IndependentLodging #HotelManagement #Hospitality #HotelTips #OccupancyMap #TapeChart

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U.S. hotel performance surged with the help of the total solar eclipse, as reported by CoStar for the second week of April: - Occupancy: 65.8% (+2.8%) - ADR: $160.20 (+2.9%) - RevPAR: $105.48 (+5.8%) Philadelphia led the Top 25 Markets with significant increases in occupancy (+23.2%) and RevPAR (+45.7%), driven by WrestleMania 40. Dallas, along the eclipse's path, saw notable gains in ADR (+20.1%) and RevPAR (+38.8%). https://lnkd.in/eqCZHViV #HARDY #TheHardyGroyup #HotelPerformance #SolarEclipse #Hospitality #Hotel #April #Data #Analytics #Urban #Travel #Tourism

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Great article by Michael J. Goldrich on Lori Kiel's HSMAI Commercial Strategy Conference keynote! In the hotel industry, commercial teams often struggle with collaboration. Why? Silo mentality. Revenue, sales, and marketing operate in isolation, leading to misaligned goals and poor communication. Let's face it—working in silos is a recipe for inefficiency. But there's a solution: breaking down these barriers. Collaboration isn’t just a buzzword; it's a necessity. Imagine a team where data, goals, and strategies flow seamlessly across departments. No more "I don’t know why I need to use Teams" or "This wasn't my problem." Just a unified approach driving the hotel’s success. Start with a clear team task and foster an emotionally safe environment. Emphasize education and alignment. Trust and respect aren’t optional—they’re foundational. Ready to transform your team? Break the silos. Embrace collaboration. Watch your hotel thrive. Read at https://lnkd.in/grJiev7V #Hospitality #Teamwork #Leadership #HotelManagement #CommercialStrategy

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Wondering what kind of an impact HotelIQ can have on your organization? Check out this case study where Amy Stevens, Group Director of Revenue and Distribution at Rocco Forte Hotels discusses with Trevor Grant and Firas Moolla: ✳ Starting a new role, being "totally blind" with no insights ✳ Freeing up hours of time spent on manual work to instead focus on commercial strategy ✳ Engaging the entire organization, from sales, marketing, to GM's and top management ✳ How quickly the investment generated an ROI https://lnkd.in/gN-RbrT3

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Over the past 40 years, hotel revenue optimization and the skillsets of the individuals practicing it have continued to evolve. Has your organization's approach to supporting revenue leaders evolved with the role? IDeaS' Christian Boerger highlights some of the key ways hotels can set a foundation for success. #RevenueManagement #Hospitality #HotelManagement

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NEWMARK WEEKLY LODGING INDUSTRY RECAP April 7 thru 13 Over the past week we saw how hotel transactions and trends in the broader capital markets are closely intertwined, significantly impacting investment strategies in the hotel industry. The latest CPI report showed unexpected high inflation, which pushed Treasury yields to their highest points this year. This shift is making hotel acquisitions more expensive due to rising borrowing costs. Despite these challenges, the CMBS market is still active, highlighted by Freddie Mac’s recent deal, indicating that there's still interest in hotel-backed securities despite economic headwinds. Additionally, the overall lodging sector has seen dips, with major hotel chains experiencing fluctuating stock values influenced by the broader economic climate and specific financial indicators like the slowdown in RevPAR growth among major C-Corps. Focusing on specific transactions helps to illustrate the dynamic nature of the market amidst these economic challenges. For example, the sale of the Hilton Back Bay in Boston for $171 million highlights ongoing interest in premium real estate, despite economic hurdles. Also, changes in hotel management, such as those seen at DiamondRock Hospitality, suggest strategic realignments within companies to better navigate the current economic conditions. These shifts are crucial as they indicate broader trends of adaptation and resilience within the hospitality industry, important for stakeholders like investment bankers and hotel managers to keep an eye on. Moreover, developments in the hotel sector extend beyond transactions to include expansions and renovations, showing a long-term confidence in the market’s recovery. Initiatives like the proposed convention hotel in Pittsburgh and major upgrades at Camino Real’s properties in Mexico exemplify this optimism. These developments, along with strategic acquisitions such as the purchase of the Courtyard Providence Downtown, reflect a thoughtful approach to growth and investment in the sector. Download our Top 104 Hotel Market Insights Reports: https://lnkd.in/gP3tpHVN Newmark Valuation & Advisory Newmark

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In the ever-evolving landscape of #hospitality, staying at the forefront is crucial. Subscribe to our blog, Beyond Reservations, to navigate the dynamic intersection of technology and hospitality. #hoteliers #techtrends #hospitalitytechnology #digitalsignage #dvled #iptv #networkdesign #digitaldisplays #hoteltech

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What behaviors do Americans find acceptable or unacceptable in hotels? The latest YouGov survey on hotel etiquette unveils the answers. Full story: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #etiquette #survey

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In an article published last week in LODGING Magazine, Knowland’s Katrina Pruitt-Andrews, MBA explores how hoteliers can foster better relationships with #MeetingPlanners, as increased demand is adding pressure to deliver faster and more accurate proposals.   Several of these tips are focused on optimizing the sales process for group events and minimizing response times for RFPs. Many of our meeting planner clients are finding that the best way is to skip the RFP process entirely with #GroupSync’s Instant Booking capabilities, or at least pre-qualifying properties using an array of data filters to identify properties that meet the event criteria.   To learn more, read the article in the comments.

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🧭 Navigating the hospitality market means understanding economic shifts, fluctuating interest rates, and evolving guest expectations.  Our latest blog covers key factors shaping the U.S. hospitality market in 2024 including economic conditions, headline figures, supply and demand, occupancy and revenue metrics, and the future outlook.  👉 Read more here: https://bit.ly/3KHPCty #shorttermrental #vacationrentals #propertymanagers

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"Pool and beach technology is designed to generate more revenue from hotel guests, to attract and monetize day guests (particularly on lower-demand days), to improve operational efficiency, and to improve the compensation and retention of staff, especially pool and beach servers." Check out today's latest Hospitality Upgrade article by Douglas Rice as he breaks down the latest and greatest technology solutions available to support hotel and resort pool and beachside operations. #technology #hospitalitytechnology #tech #hotels #hoteliers #hospitality #ancillaryrevenue #revenue #technologysolutions

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Stay in the know! Explore Hotel Online's key insights into the top 5 trends impacting the hotel and lodging industry, ranging from stability and AI to labor shortages and beyond. https://ow.ly/e1hX50Rv7ku #hospitalitytrends #AI #manchestermills

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Maximizing Profitability: Three Essential Tasks for Hotel GMs - Maximize hotel profitability by designing, attracting, and delivering superior guest experiences with dedicated product, commercial, and operations teams. https://hubs.ly/Q02G8RJt0

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