Phoenix American Hospitality’s Post

#hotelinidustry #hospitality #travelindustry #occupancy #domestictourism Hotels add record rooms, challenge now to fill them Overall occupancy rate in organized hotels industry improved to 63.6% last year

Don't miss the inclusive insights into hotel occupancy and pricing trends in your region as the average room rate across top 100 corporate cities stood at USD182 in H1-2024. Download the report for full details: https://okt.to/p0utKC #FCMConsulting #TravelTrendsReport #BusinessTravel

📈 Qatar YTD Hotel Industry Snapshot: Robust Growth in February 2024 The latest tourism data for Year-To-Date February 2024 paints an optimistic picture of the hospitality sector, signaling a vibrant trajectory for hotels and apartments. Here's a quick dive into the numbers: 🏨 Room Nights Soar: 5-star accommodations lead with a staggering 913.3K room nights, an impressive +70% YoY growth. Even more notably, Standard Apartments have leaped by +107% YoY, showcasing a significant uptick in demand. 📊 Occupancy Rates Shine: Against all odds, 1 & 2 Star Hotels report an occupancy rate of 102%, suggesting a potential trend of overbooking, or a communal rooming preference. Meanwhile, the steady hand of 3 Star Hotels maintains an admirable 94% occupancy. 💹 Revenue Markers Up: The luxury market demonstrates its unwavering allure, with 5 Stars achieving a RevPAR of 557, an +85% YoY increase. Not to be outdone, 4 Stars shine with a +126% YoY surge in RevPAR, reflecting a remarkable gain in both occupancy and room rates. 🔍 Anomaly Alert: The 1 & 2 Star segment shows an unconventional occupancy figure of over 100%, a detail that merits a closer look to ensure data accuracy and reliability. Overall, the data heralds a booming period for the hospitality industry, with a particularly notable performance in the 4-star hotel category and a surge in the popularity of Standard Apartments. As we continue to navigate through 2024, these trends not only highlight the resilience of the sector but also underscore the dynamic nature of traveler preferences and market demand. #travel #tourism #mena #qatar #middleeast #business #success #enterpreneur #hotelmanagement #hospitality

If you’ve got a luxury lodge and you’re not hitting your target numbers, we need to chat. Occupancy taking a dive? I’m your man. Before I even get to you, I'll have sussed out your online presence. That swanky website of yours? Checked. Social media game? Scrutinised. And yeah, I might even slide in with a test booking just to see if you're on the ball. Once I'm there, I want to see the whole show – from the room's thread count to the smile (or lack thereof) on your receptionist’s face. And by the time I’m done, you won’t just get a list of what’s wrong, but a bloody roadmap to make it right. #luxuryaccommodation #hotel #hospitality #deliveringdaydreams #consultant #luxurylodge #newzealand #accommodationconsultant --- I’m Felix Borenstein, a straight-talking luxury accommodation professional with proven strategies to improve your business. Be better. Get more bookings. Increase your profit margin.

The Minneapolis tourism and hospitality industry continues to enjoy a strong summer. How do we know this?    HOTEL ROOM REVENUE: Minneapolis hotels recorded more than $42.5 million in total guest room revenue in July 2024 – an all-time record (surpassing the previous record set in June 2024). And hotel room revenue in July was up 28.5% year-over-year.   HOTEL ROOM DEMAND: The 219,422 hotel rooms occupied in July were the most since August 2019. Year-over-year, hotel demand in July was up 12.5%.   HOTEL OCCUPANCY: Hotel occupancy in July 2024 was 68.9% – the highest monthly occupancy rate since October 2019. Compared to last year, hotel occupancy in July was up 12.5%.   Meet Minneapolis and our partners are working hard to keep this momentum going as it benefits our local workers and our community. Note: All data according to hospitality industry data provider Smith Travel Research (STR). #Minneapolis #travel #tourism #hospitality #meetingsandevents

#TrendsandOpportunitiesReport2024 𝐍𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐒𝐮𝐩𝐩𝐥𝐲 𝐚𝐧𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐋𝐞𝐯𝐞𝐥𝐬 As seen in Figures below, below, nationwide demand, supply, and performance levels reflect remarkable growth in the hospitality sector compared to earlier years. In 2023/24, the hospitality sector showed strong performance, marking a significant recovery from the pandemic downturn in 2020/21. The number of available and occupied room nights per day reached their highest levels, showcasing an all-time high in supply and demand balance in 2023/24. The 𝐨𝐜𝐜𝐮𝐩𝐚𝐧𝐜𝐲 𝐫𝐚𝐭𝐞 for 2023/24 stood at 67.5%, one of the highest levels in recent history, reflecting robust recovery, slightly surpassing the prepandemic occupancy rate of 66.1% seen in 2019/20. Additionally, both 𝐀𝐯𝐞𝐫𝐚𝐠𝐞 𝐃𝐚𝐢𝐥𝐲 𝐑𝐚𝐭𝐞 (𝐀𝐃𝐑) 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐏𝐞𝐫 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐑𝐨𝐨𝐦 (𝐑𝐞𝐯𝐏𝐀𝐑) have shown substantial growth, with the ADR at its peak over the observed period. This resurgence in both demand and occupancy levels signals a return to pre-pandemic dynamics, driven by increased travel and hotel stays across the country. 𝐓𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞, 𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐓𝐫𝐞𝐧𝐝𝐬 𝐀𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐡𝐞𝐫𝐞 👇 https://lnkd.in/gkxWZ3DC #HospitalityConsulting #Hotelivate #hospitality #TravelandTourism #HospitalityInvestment #SouthAsianHospitalityTrends #HospitalityInvestmentOpportunities #HospitalityInvestmentAsia #hotelmanagementcontract #hoteldevelopment #hotelreports #hotelindustry #hotelresearch

What do you value most in hotels? 🏨 Is it the location, high-quality amenities, or exceptional service? For many travelers, cleanliness is paramount to feeling at home. Spotless, pristine white linens are a hallmark of quality hospitality. Our press pads play a crucial role in maintaining that impeccable first impression. By removing 70% of moisture between washing and drying, they not only enhance linen quality but also provide significant benefits: • 𝗘𝗻𝗲𝗿𝗴𝘆 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: reduced drying time translates to lower energy consumption. • 𝗧𝗶𝗺𝗲 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: faster turnaround means linens are ready for guests sooner, allowing hotels to serve more customers efficiently. With our innovative product, hotels can ensure their linens are always fresh and inviting! 🌟 ➡️ Learn more about how our technology enhances hotel hygiene here: https://lnkd.in/e4Mq6Vn #WeMoveTheWorld #Hotel #Comfort

#Hotels in #Athens saw #occupancy rise by 9% during January and February, two months that are usually least popular for #travel. GBR Consulting #gbrconsulting #Greece #VisitGreece #tourism #greektourism #tourisminsdustry #hotelindustry #hospitality #accommodation #greekhotels #data #report #athenshotels

Don't miss the inclusive insights into hotel occupancy and pricing trends in your region as the average room rate across top 100 corporate cities stood at USD182 in H1-2024. Download the report for full details: https://okt.to/PcFky2 #FCMConsulting #TravelTrendsReport #BusinessTravel

There's no such thing as a hotel market. With a multitude of choices, price variations are natural, driven by factors like demand, location, and amenities. So, when you see prices rise during peak travel times or drop during slower seasons, it's not because hotels are secretly colluding to fix rates. It's just the market responding to supply and demand. In other words, it's not about price-fixing but rather navigating a complex and competitive environment where value and quality shape decisions. After all, there's no one-size-fits-all when it comes to hotels. #PriceFixing #Hospitality #Competition