Emerging revenue management KPIs you need to know

The current revenue and distribution environment is becoming exponentially more complex. Distribution channels are in a constant state of flux and the number of data points needing to be analysed to make the correct distribution and pricing decisions is overwhelming. Just collating this information into a single vision of the truth is a time-consuming and […]

London hotel performance reached pandemic-era highs in October

London’s hotel industry reported its highest performance levels of the pandemic-era, according to preliminary October 2021 data from STR. Occupancy: 65.4% Average daily rate (ADR): GBP145.63 Revenue per available room (RevPAR): GBP95.22 Each of the three key performance metrics were the highest for any month since February 2020. Even with the overall improvement, London’s performance remained […]

Q3 Trend Report for travel recovery

Expedia Group Media Solutions, the global travel advertising platform connecting marketers with hundreds of millions of travelers across the Expedia Group brand, today released its Q3 2021 Travel Recovery Trend Report. The quarterly report combines Expedia Group first-party data and custom research with actionable insights to help travel marketers on their continued road to recovery. […]

New deal between hotel owners and management

A lot has been speculated about what could and should change because of the pandemic. There is one aspect of the hotel business that desperately needs to change and the Covid crisis is not to blame. However, it will most certainly speed things up. There is a need to have a new way of measuring […]

Global hotel values fall due to pandemic but recovery anticipated by 2025

Hotel values are not expected to make a full return to pre-pandemic levels until 2023-25 with some regions across the globe showing faster recovery than others, according to a webinar held by hotel consultancy HVS and EP Business in Hospitality. HVS consultants from Europe, Middle East & Africa, Asia-Pacific, India and the Americas revealed the […]

Europe tourism sector lags global recovery

Latest research from the World Travel & Tourism Council (WTTC) shows Europe’s Travel & Tourism sector’s year on year recovery may only achieve a growth of 23.9% this year. The data from WTTC says this slow recovery is due to travel restrictions throughout the year, particularly in the first half, which continued to hinder the […]

Football’s importance in boosting UK inbound tourism

New research from the national tourism agency VisitBritain demonstrates the increasing importance of football in driving inbound tourism to the UK and in boosting visitor spending. Its ‘Football Tourism in the UK’ report published shows that overseas visitors who went to a football match spent £1.4 billion across the UK in total during their trip […]

RevPAM: What is it and why does it matter

The hotel industry never rests for long, particularly when it comes to revenue management. There is always a new metric to consider, new ways to increase efficiency, and new strategies to boost profit. RevPAM is one of those metrics that are growing in prominence, changing the way hoteliers look at the earning potential of their property. […]

UK tourism sector may only recover by a third

The World Travel & Tourism Council (WTTC) says the UK’s Travel & Tourism sector’s year-on-year recovery may only claw back a third, whilst international travel spending continues to plummet. Latest research from WTTC, which represents the global Travel & Tourism sector, shows the recovery has been severely delayed by the lack of spending from international […]

Demand for events surge for 2022, well ahead of pre-pandemic years

Bookings for conferences, meetings and training events at Wyboston Lakes Resort for 2022 are currently over 140% ahead of 2019, alongside a record number of large events from leading pharmaceutical companies taking place this Autumn. According to the Bedfordshire-based venue, other sectors that are proving buoyant and the keenest to return to in-person events include […]