August GOP was lower on a per-available-room basis as well as when indexed to the comparable month from 2019. Estimated GOP was 111% of 2019 levels in July but just 94% in August. The only key profitability metric to increase month over month was labor per available room.
Governments' Response to Delta Variant Slams August Domestic Traffic Demand
Meaningful Connections, A Comfortable Bed & Even Alone Time
ForwardKeys reveals that the future looks promising for the travel and tourism sector in Spain this Autumn as the number of issued tickets for domestic and international travel grow steadily.
A week after eclipsing 1 million for the first time since the earliest days of the pandemic, group demand rose again to almost 1.3 million for the week. At the same time, group ADR moved past US$200 for the first time since February 2020.
America's real monthly GDP revised down to a month-to-month annualized rate of 2.2 percent in August, following an increase of 5.0 percent in July, said Professor Evangelos Simos, Editor-in-Chief.
Recent trends show emergent signs of weakening; the pace of improvement has slowed in most markets, and we are seeing a reversal in trends overall in others.
Social listening involves using the information customers post publicly to better personalize their experience. But distinguishing the messages that matter (and responding to them promptly and effectively) is not easy – with customers in the United States posting over 500 million tweets a day, and over 400 million uploads on Instagram – how can a company sift through this information to make a meaningful connection? In our paper, we describe the process Luxury Hotel Company X embarked on to harness social media postings to better manage their experience in real-time.
To analyze the impact that declining EBITDA levels had on the ability of hotel owners to pay their interest expense, CBRE studied a sample of 1,121 hotels that reported interest payments in their operating statements for the years 2019 and 2020.
One of the most overlooked tools hotelier have is the ability to create and use rooms market segmentations. Market segments are customer types not geographical. That is what this piece is all about: customer rooms market segmentations.