The newest edition of “Suite Success” examines how compression nights are driving rates in select markets across Europe and Asia Pacific. Access the latest issue of the newsletter now.
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🌟 Exciting News in Hospitality! 🌟 I was nervous to have my children follow in my footsteps, with a common love of hospitality, but I feel confident that we are balancing out and setting the way for our future hoteliers. The latest STR report has brought fantastic news for our industry: RevPAR is on the rise! 📈 This upward trend is a testament to our resilience and the gradual recovery within the hospitality world. As the report indicates, RevPAR (Revenue per Available Room) has shown significant growth across key markets. This positive momentum reflects increasing traveler confidence, improved occupancy rates, and a resurgence in demand for accommodations. Companies ARE traveling and the roadmap is in their hands. Be a guide for them- change the way you normally would conduct sales initiatives. At Holiday Inn Express and Suites Madeira Beach/St Petersburg, FL, we are committed to leveraging these insights to better serve our guests and optimize our operations. Together, we are shaping the next chapter of our industry's success story- for our children and the future of the hospitality world- LETS GET IT!!!!!! 🌞 #FutureSalesLeaders #HotelConnections #CorporateProspecting #HospitalityIndustry #STRreport #RevPAR #TravelTrends #BusinessGrowth #HotelManagement #IndustryInsights #IHG #HolidayInnExpressandSuites #MadeiraBeach #StPetersburg #Seminole #Largo #PinellasPark #Florida
U.S. hotel performance was bolstered by the Top 25 Markets for the sixth consecutive week. Weekdays lifted group demand and drove gains across the chain scales. While global occupancy is starting to slow, RevPAR has risen every week since March 2021. Read more: https://bit.ly/3xiEv7r
STR Weekly Insights: 9-15 June 2024
str.com
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Valuable insights to support strategy development.
Gain valuable insights into your guests' behaviour with Insights Plus! 🤓 ⏳ Track dwell time to identify your busiest periods, compare them to guest spend and make informed decisions about resource allocation and promotions. Optimise your operations and ensure maximum impact by managing your resources and timing promotions. ⏰ ✨ Get started today: https://bit.ly/46U0j5Z
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We hear this one ALL THE TIME. While slashing rates might seem like a quick fix, this isn't always the magic formula it's cracked up to be. Dropping prices can impact your brand image, eat into profit margins, and, worst of all, undervalue your offering. Here's the kicker: strategically managed rates, even with the occasional increase, can be a game-changer. It's time to break free from the 'race to the bottom' mentality. So, hoteliers, what's your take on strategic rate management? Share your thoughts in the comments below! 👇💬 #HotelRevenue #SmartPricing #RevenueManagement #HospitalityIndustry
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Is your hotel's average rate feeling as hot as the summer sun? Don't sweat it! Our revenue management specialists can help you turn up the heat on your profits this season. We'll help you: - Craft a sizzling pricing strategy that attracts guests without burning your margins. - Dive into the data pool to uncover hidden revenue opportunities. - Prepare for a record-breaking summer with our expert forecasting. Stop letting summer revenue slip through your fingers! Contact us today and let's make this your hottest season yet! #beattheheat #revenuegrowth #hospitalityconsultants #DeltaHMG
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Curious about the white-hot extended-stay segment and its place in the Canadian market? Here are five things to know. https://lnkd.in/g-J87Tc6
The all-new ECHO Suites Extended Stay. - MasterBUILT Hotels
https://masterbuilthotels.com
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Hospitality professional ~ Revenue ~ Reservations ~ Sales & Marketing ~ Hotel Management ~ Entrepreneur
Is your hotel's average rate feeling as hot as the summer sun? Don't sweat it! Our revenue management specialists can help you turn up the heat on your profits this season. We'll help you: - Craft a sizzling pricing strategy that attracts guests without burning your margins. - Dive into the data pool to uncover hidden revenue opportunities. - Prepare for a record-breaking summer with our expert forecasting. Stop letting summer revenue slip through your fingers! Contact us today and let's make this your hottest season yet! #beattheheat #revenuegrowth #hospitalityconsultants #DeltaHMG
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Pricing is important. Travelers want the best deal. To compete effectively, understanding market dynamics and guest behavior is key. iTrip has rate management tools, stays in tune with guest booking behaviors, and adjusts prices accordingly. This allows you to effectively compete. It's not just about setting a number; it's about understanding the intricate dance between supply, demand, and guest expectations. Call iTrip Austin to find out more, 888.304.2668
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You can surmise that the reasons to leave a luxury hotel unbranded are very different from the reasons to leave an economy hotel unbranded ...
In the aftermath of the CHH/WYN acquisition conversation, we received a lot of questions on the make-up of the economy class. Here is a deeper dive into the room counts by class. You can see that roughly half of all economy rooms are not branded. STR CoStar News
Half of US Economy-Class Hotel Rooms are Unbranded
costar.com
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LARC's 2Q-2024 free webinar is today Thursday June 6th at 4pm ET- don't miss it!!! This afternoon at 4:00PM ET, I will be joined by the rest of the Lodging Analytics Research & Consulting team, including Evan Weiss, Daniel Lesser, Katie Harding and Ann Li for our quarterly webinar. We typically have over 1,000 lodging industry professionals register and/or watch the replay, so you don't want to be the one that misses out!!!! Even if you attended the NYU IHIIC conference this week, our webinar will provide added insights to better understand all the forecasts that were presented. I am looking forward to walking through the backdrop shaping our latest views on the lodging industry and our outlook for 2024, 2025 and beyond. You can register using the below link. Even if you are unavailable to join this afternoon, if you register, you will get a link to the replay. We look forward to another great webinar and hope you can join us! https://lnkd.in/eqRnZVg7 #lodgingforecasts #lodgingdata #lodginganalytics #hotelinvesting
Welcome! You are invited to join a webinar: LARC's 2Q-2024 U.S. Lodging Industry Outlook. After registering, you will receive a confirmation email about joining the webinar.
us06web.zoom.us
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Unlocking the secrets to increase occupancy! Are you looking for ways to boost your occupancy rates? Our upcoming webinar is generating a heap of interest and is just what you need to take your business to the next level. Join us on Tuesday 28th May at 12pm (Sydney time) to learn tips and tricks to increase your occupancy. Register now via the following link: https://lnkd.in/gfAvMw9H. Don't miss out on this opportunity to unlock the secrets to success!
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