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Record-Setting Hotel Performance
Numbers don’t lie. Currently, they’re saying hotel performance is on a major tear, hitting all-time highs in occupancy and RevPAR. As president and COO of research firm STR, Amanda Hite […]
Milan: most expensive city for hotel rates in Europe
Milan is the most expensive European city this year based on the cost of its lodgings, according to a new survey byTravelMag.com, which compared hotel rates across 40 popular city […]
Hotel prices soar ahead of Rugby World Cup
Hotel room prices in host cities for the Rugby World Cup have increased on every match night in every city, at an average of £261 for a hotel stay, according […]
US performance records past and present
With the favorable supply and demand dynamics in the hotel industry, US performance records are being broken month after month, according to data from STR. It’s almost like the steroid […]
Hotel Rates, Occupancy Rise Around The World
Occupancy and average daily hotel rates increased year over year in all four global regions during July, according to STR Global. In the Americas, ADR increased 5.8 percent to $124.78 […]
MEA hotels increase revPAR, ADR and occupancy
STR Global reports that hotels in the Middle East and Africa region reported positive results in three key performance metrics in their compiled July 2015 data. The biggest rise by […]
Experts weigh in on how to disclose resort fees
Whether to bundle resort fees into room rates or separate them is a source of debate in the hotel industry, but experts agree that transparency and full disclosure are musts. […]
Strong advance bookings show positive outlook
As the end of summer nears, hotels in major North American markets are focusing on capturing bookings for early 2016 as opposed to last-minute travel deals, according to data from […]
Airbnb may become a direct threat to hotels
Airbnb, originally a short-term rental listings platform, may become a direct threat to hotels, according to some asset managers and chain executives. The alarm was heightened when the San Francisco […]
How to create a better comp set
Here are five ways to refine your comp set, according to a speaker at the recent Hotel Data Conference. Comp sets can be an invaluable tool for hoteliers when it […]