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Dubai's hospitality industry is thriving! Occupancy rates have surpassed pre-pandemic levels, reaching a record 77% in 2023 [Source: Cavendish Maxwell]. This booming market presents exciting opportunities, but also demands strategic revenue management. Understanding guest behavior and market trends is crucial to maximizing hotel revenue. revmerito's Intelligent Demand Forecasting empowers hoteliers with actionable insights to optimize pricing, maximize occupancy, and achieve revenue goals. Stay ahead of the curve and unlock your hotel's full potential in Dubai's dynamic market. . . #revmerito #HospitalityIndustry #DubaiHotels #RevenueManagementSolutions #DemandForecasting #HotelRevenueOptimization #TravelTrends #HotelTechnology #BusinessIntelligence #HotelSuccess #DubaiTourism #TravelTech #DynamicPricing #HospitalityManagement #HotelOperations #HotelMarketing

The U.S. hospitality market rebounded in Q2 2024 following a slow start to the year. However, a cloudy macroeconomic outlook may temper spending on corporate and leisure travel in the near term. In this U.S. Hospitality Snapshot report, Mark Owens and Jamison Shields compare the performance of the broader U.S. hospitality sector with that of major national hospitality brands and sub-brands. Download here: https://ow.ly/GiCB50TgHJh

🔔 DIVERGING PROFITABILITY TRENDS IN EUROPE ⭐Continued growth of top-line performance in Q1 2024 is being met with the rising expenses that are pressuring the profit levels. ⭐In most markets the healthy revenue still outpaced costs, especially in Edinburgh where it was driven by high tourism demand. Prague and Vienna also recorded robust revenue and profit growth, finally recovering after a relatively soft performance in 2023. ⭐Conversely, expenses are now catching up in Milan, Paris and London, after a strong revenue and profitability growth during 2023. This is resulting in eroding profit levels, albeit remaining notably above 2019. ⭐Rising labor costs continue to be the key challenge, while moderation in energy prices is easing the strain on profit margins. Subscribe now to receive tailored updates and expert analysis delivered directly to your inbox: https://lnkd.in/ebPWfeEJ 📑 For further information and support with your hotel real estate in Europe, contact our experts Jonathan Hubbard, Le Fichoux Frederic, Ed Fitch, Katell Bourgeois, Bruno Hallé Boix, Albert Grau - MRICS, Gonçalo Garcia, Alessandro Belli, David Nath MRICS, Borivoj Vokrinek or contact us at HospitalityEMEA@CushWake.com Data source: HotStats (consistent sample of full-service branded hotels across Europe)  #CWHospitality #CWHotelInvestorCompass #HotelInvestment #HotelRealEstate #Hotels

A great start to the year! In January, the hotels in St. Moritz recorded a total of 104 847 overnight stays, representing an increase of 2% compared to January 2023 – and the second best January to date (after 2020)! A significant increase in guests from Saudi Arabia (+373.4%), Brazil (+35.5%), Australia (+26.7%), and the United States (+14.8%) offset the decline in numbers from Switzerland (-7.6%), Germany (-3.1%), and the United Kingdom (-30.7%). The 10 countries with the highest number of overnight stays are (in order of overnight stay numbers): Switzerland, Germany, Brazil, USA, United Kingdom, Italy, Australia, France, Turkey and Russia. Source: Bundesamt für Statistik BFS

Despite facing a number of challenges over recent years with rising costs, staffing issues and reduced footfall contributing to a difficult trading environment for hospitality business owners, figures suggest the outlook is potentially looking brighter as we head into summer. ☀️ We have reviewed the latest research from Visit Britain and results from the Cumbria Tourism Tracker survey 2024, while speaking to hospitality business owners to consider the outlook for the hospitality sector as we enter the peak season. Read more on our hospitality hub 👇 https://bit.ly/3UNdzUL #hospitality #business #Cumbria

Record supply levels to meet waning demand. Growth in demand for UK hotel accommodation is expected to stall in 2024, with the pain likely to be shared equally across London and the regions. The PwC UK Hotels Forecast 2023-2024 shows this increase in supply comes as the post-Covid 'revenge travel' bounce fades, inflationary pressures reduce and the UK economy sits firmly in the doldrums. London has seen the largest increase in supply since the lead up to the London 2012 Olympics, particularly of luxury high-end rooms. Meanwhile, new supply in the regions is almost twice the historic average level of 1% of new supply. This large supply increase across the UK prompts the risk of oversupply, in some locations, in the short term - given the forecast slowdown in demand levels in the regions for 2024. #pwc #realassets #hotels

Boosting Occupancy and Guest Satisfaction in the Hospitality Industry🌟 Running a hotel in a competitive market like Dubai comes with its own set of challenges. One common issue? Low occupancy rates and guest dissatisfaction due to subpar services. The Solution: With our advanced analytics dashboards, hotels can gain real-time insights into occupancy rates, guest feedback, and service performance. These dashboards empower management to make data-driven decisions, optimize marketing strategies, and enhance the overall guest experience. The Result: By leveraging these insights, hotels can increase occupancy rates and significantly improve guest satisfaction, ultimately leading to higher revenue and a stronger brand reputation. Want to see how our solutions can transform your hotel’s performance? Let’s connect and explore how data can drive your success. Also if you're interested to learn more about Enhancing Hotel Performance, make sure you check out our blog post on the website: https://lnkd.in/dfnPNdzt #Hospitality #DataAnalytics #HotelManagement #GuestSatisfaction #OccupancyRates #DubaiBusiness

Hotels across the UK face the risk of a short-term oversupply of rooms, our #HotelsForecast 2023-2024 reveals. Record levels of hotel development is expected to be met by waning demand over the coming year, according to PwC UK experts. Read the full report here.

Hotels across the UK face the risk of a short-term oversupply of rooms, our #HotelsForecast 2023-2024 reveals. Record levels of hotel development is expected to be met by waning demand over the coming year, according to PwC UK experts. Read the full report here.