Articles tagged “hotel pricing”

Hotels

Wyndham’s Recovery in Hotel Room Rates May Plateau This Year

Middle-income U.S. consumers have yet to let price hikes or declining savings get in the way of booking travel. Wyndham benefited in the fourth quarter. Yet the world's largest hotel franchisor expects rate gains to plateau in 2023.

Sean O'Neill | 1 month ago

Wyndham’s Recovery in Hotel Room Rates May Plateau This Year

News Blog

U.S. Hotels Haven’t Yet Recovered 2019 Occupancy, Staffing, or Real Revenue

The U.S. hotel sector will this year finally surpass 2019 levels on a few performance metrics, according to research commissioned by the country's largest hotel lobby. U.S. hotels will see gains in occupancy, inflation-adjusted revenue figures, and staffing levels in 2023, according to a report published on Monday by the American Hotel & Lodging Association…

Sean O'Neill | 2 months ago

Hotels

The Most Important Story in Hotels in 2022

Hoteliers managed to maintain pricing discipline in 2022, a practice that has long eluded the industry.

Sean O'Neill | 3 months ago

The Most Important Story in Hotels in 2022

Hotels

Luxury Hotels May Be Underpriced Relative to Other Luxuries

Luxury hotels should be able to drive higher rates if luxury becomes more about what you do than what you own.

Sean O'Neill | 3 months ago

Luxury Hotels May Be Underpriced Relative to Other Luxuries

News Blog

Hilton Finance Chief Touts Software for Supporting Pricing Power

Hilton reported its third-quarter earnings on Wednesday. During a call with investment bank analysts, executives were asked what role the company's software for setting rates may play in the company's performance. "I'd say we have a long history of being really good at revenue management, and it is part of our special sauce," said Kevin…

Sean O'Neill | 5 months ago

Hotels

Hotels Stick to Upbeat Forecasts Even With Concerns Over Cooling Demand

They say smart people can hold two opposing ideas in their minds and still function. So hotel executives must be geniuses, as they watch bookings stay strong while economic worries rise.

Sean O'Neill | 7 months ago

Hotels Stick to Upbeat Forecasts Even With Concerns Over Cooling Demand

Hotels

Hyatt to Use More Automation When Setting Hotel Room Rates

Hyatt's move to change its revenue management software foreshadows a broader trend. Expect more hotel companies to embrace automation while looking at a bigger picture than just the supply and demand of rooms.

Sean O'Neill | 7 months ago

Hyatt to Use More Automation When Setting Hotel Room Rates

Hotels

Global Accommodation Sector Market Estimates 2022: New Skift Research

The global accommodation sector is witnessing a fast-paced recovery with 2022 revenue levels not far from reaching pre-pandemic levels. A closer look into the industry performance shows interesting variations in the pace of recovery as we review regions and sub-sectors.

Varsha Arora, Skift Research | 7 months ago

Global Accommodation Sector Market Estimates 2022: New Skift Research

Hotels

Wyndham Hotels Emphasizes Boosting Rates Instead of Occupancy

Hoteliers used to obsess about putting "heads in beds." But Wyndham instead focuses on charging the highest hotel prices possible, or what we call a focus on "rates and dates." So far, in 2022, Wyndham's approach has paid off.

Sean O'Neill | 8 months ago

Wyndham Hotels Emphasizes Boosting Rates Instead of Occupancy

Hotels

How the Asia Pacific Accommodation Sector Is Evolving: New Skift Research

The accommodation sector in APAC is witnessing a fast paced recovery with 2022 revenue levels not far from reaching pre-pandemic levels. However, composition of the industry remains unclear with short-term rentals revenue share decreasing in 2022.

Varsha Arora, Skift Research | 9 months ago

How the Asia Pacific Accommodation Sector Is Evolving: New Skift Research