No matter what stage of the pandemic you are experiencing, these six benchmarking areas will support your distribution strategy and revenue recovery
The drop in hotel revenue, despite a still lower cost base, led to GOPPAR of $11, which was 64% lower than November 2020 and 75% lower than in November 2019
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
Most brands and some management companies have performance clauses in their agreements with owners that indicate a level of REVPAR index to be maintained
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.