S Hotels and Resorts PCL, announced business strategies to boost profitability with the target to achieve THB 12 billion in total revenue for 2024 across five markets globally.
“Real” revenue management can double or triple high season rates
Like diet and exercise, the more disciplined you are, the more rewards you reap. Consider these common hotel pricing errors.
Webinar: How to practically apply total profitability to your property revenue strategy
Don’t miss out on Duetto’s upcoming APAC-focused webinar: ‘How to Practically Apply Total Profitability to Your Property Revenue Strategy’.
Europe’s key hotel markets showed improved profitability in February
Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR‘s February 2023 P&L data release.
New Delhi hotels lead profitability recovery in Asia Pacific
Four key Asia Pacific hotel markets, led by New Delhi, surpassed their pre-pandemic levels in gross operating profit per available room (GOPPAR), according to STR‘s September 2022 P&L data release.
U.S. hotel profitability improved in September; labor costs exceed 2019
U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.
Hotels are filling up. Guest stomachs, too.
There’s an open secret amongst hoteliers: They love the ‘B’ in F&B. The ‘F’? Well, there’s another word that starts with an F they often used to describe it.
Is your hotel breakfast an overlooked profit center?
Breakfast can be a profit center from brand recognition, search engine visibility, and increased turnover and profitability.
U.S. hotel profitability back on the rise after Omicron-induced dip
After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached highest level in the metric since October 2021.
HP Hotels selects Broadvine to optimize their portfolio performance
Broadvine, a leader in financial performance management software, announced today that it is implementing its cloud-based application to optimize hotel profitability for HP Hotels, a third-party hotel management company with a portfolio of nearly 40 hotels in 17 states.