Long term forecast remains largely unchanged, with US demand to bounce back in 2022, 2023 for the Middle East, 2024 in Europe, and 2025 in Asia Pacific
Despite many logistical challenges, Dubai has managed to successfully kickstart this world-renowned exposition, and local hotels are thriving as a result
While traditional revenue management metrics are still important, the industry is gravitating toward standards that reflect a wider spectrum of operations
The cold hard truth is arriving with the chillier weather: global hotel performance has a ways to go before it’s back to its former self.
The negative relationship, or trade-off, between ADR and occupancy is central to revenue manager’s decision under normal operating conditions
While the high points of the summer are behind us, it isn’t all doom and gloom. There is still a good percentage of hotels running healthy occupancy levels
Before we look at various ways to increase RevPAR at your hotel, we will pause for a while to see how RevPAR is directly proportional to ADR
While summer travel has not yet been “record-breaking” as some predicted, growth for the US hotel industry has been spectacular over the past month