Q3 group RevPARa +28% vs 2021; +2.7% vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)%
Average daily rate +13% vs 2021, +11% vs 2019; occupancy +8%pts vs 2021, -6%pts vs 2019
Gross system size growth +4.3% YOY; opened 8.0k rooms (51 hotels) in Q3, similar to Q2 and ahead of Q1
Underlying removal rate -1.7% YOY; removals YTD equate to an annualised underlying rate of -1.3%
Net system size growth +2.6% YOY on an adjusted basis
The global system of 888k rooms (6,061 hotels); 67% across midscale segments, 33% across upscale and luxury
Signed 13.2k rooms (89 hotels) in Q3, similar to Q2 and last year; global pipeline of 278k rooms, +2.9% YOY
Analysis: 2022 Hotel Leisure Travel revenue projected to be up 14% over pre-pandemic levels
U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs.
Maxing out the season: How to drive revenue at the end of the first post-Covid summer
While most people have already booked their summer trips, there’s still time to make the most out of the revenge travel era and maximize your hotel’s occupancy and revenue with smart, proactive pricing.
Oaky and HiJiffy release integration to increase upsell revenue through conversational AI
Oaky launches integration with HiJiffy, the conversational communication platform for hotels, to enable seamless upsells across a wide range of messaging platforms.
What is the only thing we know for sure about the hotel budget?
The budget serves as a guiding light but we live in the reality that we know it is not going to be the answer.
Trends and best practices in Revenue Management systems
In this episode we talk about Revenue Management with Klaus Kohlmayr from IDeaS Revenue Solutions. Beyond property revenue managers, who else can benefit from an automated RMS and what does the future hold?
Essential hotel marketing strategies that lead to more revenue
As challenging as running a hotel is, if you put in the effort and employ these strategies, you are sure to see some positive results.
European hotels end 2019 on stellar profit performance note
The year ended on a strong note, represented by a fourth consecutive month of year-over-year profit growth on a per available room basis.
HotStats: Profit surges at mainland Europe hotels
After what’s been a rather bruising year on the profit side, November marked the third consecutive month of year-over-year GOPPAR gains for hotels in the region, according to data from HotStats.
HSMAI & ZS release Incentive Plan Research Report
The report is designed to help hospitality leaders make informed decisions to maximize the design and success of incentive plans.