revenue
Peel Hotels returns to the black as revenues rise
Peel Hotels achieved a “creditable improvement” in the financial year to February 1 with revenues up by 6.1% year-on-year to £16.4 million. The UK group saw pre-tax profits of £800,000 […]
Dubai hotels face new challenges as occupancy rates fall
Declines in tourists from Russia and tougher competition from the likes of Egypt and Lebanon led to a decrease in occupancy and rates at Dubai hotels in March. According to […]
Automation in Hospitality Revenue Management
The slogan of the successful Revenue Management is to sell the right product to the right customer at the right time and for the right price. It sounds relatively simple […]
As rate parity falters, what OTAs and hotels may do next
In Europe, rate parity is a piñata that everyone’s taking a whack at. But not everyone in the industry agrees about what they’ll find inside. Probes in Britain, France, Germany, […]
Spring Travel Heats Up with New Group Reservations Leading the Charge
Hotels in major North American markets continued to maintain positive growth in rate according to data from the April 2015 TravelClick North American Hospitality Review (NAHR). TravelClick’s data reports new […]
London hotel performance flat in March
The London hotel market reported a flat performance in March, according to preliminary data from STR Global. During the month, hotels in London experienced a 3.7% increase in supply and […]
European MICE demand for China resurges
Favourable factors like Europe’s improving economy and China’s 72-hour visa-free transit policy for more than 50 countries are fuelling demand for longhaul MICE into China. China may have become more […]
Hotel prices jump 58% as spring begins
Hotel prices have increased in European cities in April by as much as 58%, according to the monthly Trivago Hotel Price Index. The figures show that travellers can expect to […]
Business travel rates to hold firm for 2015
HOTEL and airfare rates will remain relatively flat in 2015 as cooler economic growth in Asia-Pacific (APAC) and forces of supply and demand exert pressure on a region that has […]
Regional hotel room rate outperforms London in 2014
Regional hotels experienced a strong 2014, outperforming London for the first time in 14 years, according to new figures released today. Hotel Britain 2015 – the latest annual report from business […]
