Tag: Revenue

August 31, 2023

There’s no shortage of debate when discussing U.S. hotel performance or the country’s economic prospects headed into the final months of 2023. One portion of those discussions not requiring debate, however, is the massive lift provided by Taylor Swift’s The […]

May 16, 2023

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections. Here are some of the highlights from quarterly earnings calls highlighting the source of […]

October 3, 2022

U.S. hotel industry occupancy topped 70% for the week ending 24 September 2022—an eight-week high. Weekday (Monday-Wednesday) demand and occupancy improved with the measures increasing to the highest levels since the summer. The Top 25 Markets saw weekday occupancy reach […]

April 29, 2022

Accor’s business has rebounded sequentially every quarter since Q2 2021. The outbreak of the Omicron variant caused only a brief hiccup in January, and the recovery seen in February gained further momentum in March. This rebound reflects both the sustained […]

April 29, 2022

The Indian Hotels Company Limited (IHCL), India’s largest hospitality company, reported its consolidated and standalone financials for the fourth quarter ending March 31st, 2022 and the full year FY 2021-22. Reported revenue of INR 955 crores in Q4 FY 2021-22, […]

September 15, 2021

The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019, according to a new report released today by the American Hotel & Lodging Association and Kalibri Labs. That comes after […]

March 2, 2021

As much as we’d like to forget the-year-that-shall-not-be-named, its severe consequences on the hospitality industry need to be addressed. While the light at the end of the tunnel is still blurry, 2021 is the year of hope and slow reopenings. […]

November 10, 2020

Fewer people are travelling due to the COVID pandemic, and this means that revenues are falling. With fewer rooms being sold, it has put many jobs in the hospitality industry in jeopardy. It’s hard for hotels to justify having a […]

October 30, 2020

Attribute based selling, or ABS in short, has become one of the top buzzwords in hospitality. But what is it exactly, and how can you take advantage of its principles through your upselling programme? Let’s take a look at what […]

October 13, 2020

Infor today announced significant updates to Infor EzRMS, a leading revenue management application built specifically for the hospitality industry. Part of the Infor Hospitality suite of cloud-based solutions, Infor EzRMS is designed to help hoteliers better optimize revenue by automatically […]

August 11, 2020

IAC (NASDAQ: IAC) today announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International (NYSE: MGM) for an aggregate of approximately $1 billion. “With the separation of Match Group from IAC, and ‘new’ IAC […]

April 28, 2020

As expected, March was a brutal month for the global hospitality industry as a result of the COVID-19 pandemic, according to HotStats data, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100 percent or […]

March 26, 2020

Despite plummeting occupancy and revenue, many hoteliers have stepped up during the COVID-19 pandemic to help others. This Tuesday, for example, the American Hotel & Lodging Association announced the launch of Hotels for Hope, an initiative aimed at connecting hotel […]

March 5, 2020

The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 23-29 February 2020, according to data from STR. In comparison with the week of 24 February through 2 March 2019, the industry […]

March 2, 2020

U.S. hotels eked out a 0.6% year-over-year increase in GOPPAR in January, but as the full scope of the coronavirus virus becomes clearer, subsequent months could put pressure on hoteliers to generate both top- and bottom-line growth. Revenue, too, was […]

February 26, 2020

Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics during January 2020, according to data from STR. U.S. dollar constant currency, January 2020 vs. January 2019 Asia Pacific Occupancy: -11.3% to 57.8% Average […]

February 20, 2020

The U.S. hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. In a year-over-year comparison with January 2019, the industry posted the following: Occupancy: +0.8% to 55.1% Average daily rate […]

February 11, 2020

Loyalty-related bookings accounted for more than half of total reservations in the United States last year, according to full-year 2019 booking data from Kalibri Labs. Throughout 2019, total U.S. loyalty contribution rose 7.6 percent to 56.2 percent, a jump of […]

January 29, 2020

U.S. hoteliers made hay in December, as a potential repeat soft performance in 2020 awaits. Across the board, U.S. hotels grew the top line while also carrying it down to the bottom line, according to data from HotStats. RevPAR was […]

January 23, 2020

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR. In comparison with the week of 13-19 January 2019, the industry recorded the following: […]