Choice Hotels International, Inc.Êhas reported its results for the three months and year ended 2016, and recorded a record increase in share price late in the year.
The changed paradigm of yield in revenue management
While yield is a concept which has been central in revenue management for decades, what it covered and focused on has dramatically changed over the years.
What hoteliers can learn from the way airlines handle revenue management
Many hotels are still using outdated revenue management techniques and should get on board with the airlines’ yield management practices to get their occupancy and RevPAR rates to take off.
Best Available Rate replacing commercial demand at UK hotels
The study, Benchmarking Beyond RevPAR, revealed that the 235% growth in BAR bookings was at the expense of a 17.2% reduction in rooms revenue derived from commercial-related sources during the same 15-year period.
Profit growth pegged back by escalating payroll costs at UK hotels
The study, Benchmarking Beyond RevPAR, which polled a consistent sample of nearly 45,000 hotel bedrooms across the UK over a 15-year period, revealed that payroll now comprises close to one third of a Regional hotel’s cost base.
Slower growth forecast for U.S. hotels
The U.S. hotel industry is projected to experience continued performance growth through 2017, albeit at a slower rate, according to STR and Tourism Economics’ most recent forecast
RevPAR growth fails to deliver profit at UK Hotels
A major contributing factor to the decline in rooms profit has been the stark increase in rooms expenses, which reflects the systemic impact of OTAs on the hotel industry since the turn of the century.
How Ramadan impacted Middle East hotels
Makkah and Medina, Saudi Arabia, were the only major hotel markets in the Middle East to experience increases in RevPAR during Ramadan 2016.
Why you may need to change your “competitive set” now
Spurred on by the many changes in the hotel brands, STR announced that, effective January 1, 2017, it will impose a new set of guidelines for determining eligibility of competitive sets.
Fall in average RevPAR suggests hotel property market has reached a plateau
The UK’s hotel market saw its first decline in average RevPAR (rooms revenue per available room) in four years during the first three months of 2016 adding further fuel to the suggestion that the peak of the hotel property market may have been reached.
