Middle East still strong despite dip in data
Don’t let softness in first-quarter performance data in the Middle East fool you. The region as a whole still posts some of the strongest numbers in the global hotel industry […]
Tumbling prices boost Turkey for lates market
Research by OTA On the Beach has revealed prices for a seven-night summer holiday for two are dropping across a range of Mediterranean destinations. And with three key Turkish resorts […]
U.S. Hotel Supply Growth Still in Check with Demand
Years of rising average daily rates and demand, among other factors, have made the ground fertile for new hotel supply. How will the growing pipeline of new hotels impact hotel […]
ADR, not occupancy, drives RevPAR, study finds
Price positioning plays a larger role in driving revpar than does occupancy for European hotels, according to a recent study titled “Competitive hotel pricing in Europe: An exploration of strategic […]
PPHE reveals double digit revpar rise
PPHE Hotel Group saw increased revpar of 13.9% to £75.50 (€102.30) as revenue rose by 12.5% to £45.4m (€61.5m) in the first three months of the 2015. The group, which […]
Millennium & Copthorne posts like-for-like profit boost
Millennium & Copthorne Hotels has posted an increase in like-for-like pre-tax profit and revenue in its Q1 results, despite suffering a 5% drop in profit before tax overall, which it has […]
Business travel demand drives APAC room rates up in Q1
Hotel room rates were mostly up across the board in Asia-Pacific as business tourism surged this quarter, according to HRS Hotel Price Radar. Macau, Sydney and Hong Kong were found […]
IHG boosts UK revpar by 7.7%
InterContinental Hotels Group (IHG) has grown UK revpar by 7.7% in first quarter trading. The hotel group said that it had seen increases in both London and the provinces, driven […]
Pricing-only approach to revenue management: Are you leaving money on the table?
The latest thinking is that in the current multichannel price-transparent world revenue management needs to consider availability in conjunction with rates. NB: This is an analysis by Alex Dietz, Advisory […]
US hotel profits will exceed 2007 levels in 2015
Results from the 2015 edition of Trends® in the Hotel Industry,an annual report recently released by PKF Hospitality Research (PKF-HR), a CBRE Company, reveal that U.S. hotels (on a unit-level same-store sales […]
