STR’s Post

#ICYMI: With costs increasing at a faster pace than revenues, hotel data experts speaking at the 2024 NYU IHIIC said it's important to key in on efficient operations. https://bit.ly/4c7QNy8 #inflation #economy #hoteldata #hoteloperations #conferencecoverage #hospitalitynews

Hotel Smart Panel Market Size, Analyzing Forecasted Outlook and Growth for 2023-2029 https://lnkd.in/eBiTmHm8 #marketanalysis #marketresearch #marketresearchreports #businessintelligence

As we start 2024 in earnest, here are some questions that we will be watching (and discussing at ALIS): - Economic Growth Drives Demand, but How Much? - Inflation Drives Room Rate, But How Much? - Group Demand Is Strong; Is There More? - What Happens to Hotel Supply When Interest Rates Fall? - What Happens With Hotel Deals When Rates Fall? So, dear reader: What are you pondering? Here is the link to my full article on HotelNewsNow: https://lnkd.in/gidtfxX2 (Image Source: bing.com - an image depicting 5 questions for the US hotel industry, in the style of picasso)

how to create a hotel forecasting step by step. 4. Compare results: BOB vs STLY KPIs by segment, group behavior, etc. Helps you to identify variations in market trends and identify causes. 5. Analyze your forecast so that you can adjust your prices in line with the competition and your environment, company objectives, etc. 6. Review your forecast: make sure to review your forecast regularly and adjust it in line with evolving market trends, -ideally every week-. https://lnkd.in/dveSS4H5

#ICYMI: here are four of the top #hotelindustry articles from the month: 🌎 85% of global markets recovered RevPAR last year: https://bit.ly/3UxVWKv 📈 STR, TE maintain projections in first U.S. hotel forecast of 2024: https://bit.ly/4bay59x 🏨 Lending conditions likely more certain for hotels in 2024: https://bit.ly/47ox4av 🔣 The hospitality industry’s key historical metrics: https://bit.ly/3H7yvzu

OOHHHHHH that first part!!!! 85% of GLOBAL MARKETS recovered RevPAR last year. ADR is stable, occupancy is back! 🌟 Travelers gonna travel. ✈ Are you getting your marketshare? Are your rates competitive? Are your guests getting the experience they want? (it's not just about OSAT anymore!) If you are not sure...we should chat! #hospitalitytech #revenuegrowth #guestexperience #hospitalitytechnology #hospitalitytrends

Is Inflation good for Hotels? I agree with panelists at #IDEEA #HospitalityInvestment forum this is the excuse to drive ADR, but same time helping to align asset value with the market 👍🏼

Price dispersion across online platforms: Evidence from hotel room prices in London https://lnkd.in/eW3eDtDn "…in the presence of aggregate demand uncertainty and capacity constraints, #priceDispersion could exist even when products are homogeneous, consumers are homogeneous, all agents have perfect information about the market structure, and consumers face no search costs to acquire information about the products" #IndustrialOrganization via Mastodon https://lnkd.in/eijnNu3C

How do you measure hotel performance? 1. Occupancy Rate 2. Average Daily Rate (ADR) 3. Revenue Per Available Room (RevPAR) 4. Gross Operating Profit (GOP) 5. Gross Operating Profit Per Available Room (GOPPAR) 6. Average Length of Stay (ALOS) 7. Market Penetration Index (MPI)

Here are this month's most popular reads you might have missed: 📊Industry experts’ predictions for occupancy and ADR hold steady, even with declining confidence in demand: https://bit.ly/4bYA14l 🏨Strategic success unveiled: How competitive sets lead hoteliers to informed business decisions: https://bit.ly/3KljpIb 💹A deep dive into Japan’s hotel ADR growth trends: https://bit.ly/3wUO7VD 📈What is TRevPAR and why is it important?: https://bit.ly/4auTvfX