Optimizing hotel room pricing requires a holistic understanding of various factors influencing demand and market conditions. By analyzing these elements and implementing strategic recommendations, you can set logical, competitive prices that enhance revenue and profitability.
Behind the numbers: understanding the impact of industry trends on lodging projects
Our clients typically want to understand the current and past trends of the lodging industry and how it may impact…
Six hotel sales strategies to increase occupancy and revenue
A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. It involves identifying target markets, setting sales goals, and creating a plan to achieve those goals.
Canada hotel occupancy reached five-month high in March
Canada’s hotel occupancy was its highest since October 2022, according to STR‘s March 2023 data.
U.S. hotel results for week ending 4 June
Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week.
U.S. hotel results for week ending 16 April
Aligned with historical patterns, U.S. hotel performance came in lower during the week of Easter.
Rating rate: How hoteliers made the right decisions this time
The bottom line is that the more hotel rooms filled does not always equate into higher profit, which is what hotel owners are only interested in from an operational perspective.
Berlin hotel performance improved in March
Berlin’s hotel industry reported month-over-month performance improvement.
London hotel performance improved in February
London’s hotel industry reported month-over-month performance improvement.
U.S. hotel results for week ending 13 November
U.S. hotel performance increased slightly from the previous week.
