Last month, InterContinental Hotels Group formalized Formula Blue, its long-gestating Holiday Inn Express design prototype. With a design that puts sleep quality, simplicity, and ease of maintenance at the center of its concept, compliance with Formula Blue is mandatory for … [Read more...] about Holiday Inn Express Changes the Formula
Archives for July 2015
Hospitality Revenue Management is a complex discipline and practice – one that is still rapidly evolving. It involves big data processing, demand forecasting techniques, pricing optimization models and advanced technology platforms. For hotel operators and corporate … [Read more...] about The 2015 Smart Decision Guide to Hospitality Revenue Management
Accurately identifying a competitive set is important for a hotel market study because the data provide both a more accurate perspective on a hotel's historical operating performance and a basis for projecting a hotel's future performance. The competitive set provides a … [Read more...] about Beyond the hotel performance, How to Identify a Correct Hotel Competitive Set?
The U.S. hotel industry reported positive results in the three key performance metrics during June 2015, according to data from STR, Inc. In year-over-year results, the U.S. hotel industry’s occupancy was up 2.1 percent to 73.1 percent; its average daily rate rose 5.0 … [Read more...] about STR: US Hotel Performance – June 2015
The boutique hotel movement, which began its rise stateside in the 1980s, has not only proven it's staying power, it's show tremendous leaps in popularity over the ensuing decades. Now, the boutique hotel is mainstream. While that proves the boutique hotel concept is … [Read more...] about What Does The Future Hold for Boutique Hotels?
Because hotel rooms are perishable goods with a shelf life of one day, it’s important for hoteliers to maximize their value. The clearer the picture you have of upcoming demand, the better you can prepare accordingly in many phases of operation, from staffing to marketing to … [Read more...] about 8 Steps to Improving Hotel Demand Forecasts An Accurate Forecast Is the First Step to Better Pricing and More Profitability
With operating fundamentals strong across all industry segments, limited-service continues to be a solid performer. The segment enjoyed ADR growth of 3.9 percent in 2014, year-over-year, not quite scaling the heights of the luxury segment, which saw ADR growth climb 5.6 … [Read more...] about Cost effective, profitable top limited-service hotel appeal
A future Central Oregon attraction may not be another craft brewery, but a marijuana grow site where tourists can pick up samples and see how the formerly illegal cannabis plant is cultivated. Portland will likely be the primary destination for marijuana tourism in Oregon, … [Read more...] about Pot tourism, one way or another, expected in Oregon
Ever notice how you each time you check the price of an upcoming airline ticket it’s different? Airlines have been using supply and demand data to optimize their pricing for years. That’s revenue management at work—a practice the airline industry began ahead of many … [Read more...] about Stop Guessing and Start Profiting: A Beginner’s Guide to Hotel Revenue Management