The role of profitability data in a comprehensive hotel benchmarking experience
Hotel owners and operators are best positioned for success when they measure their business from every angle. That is why no benchmarking experience can be considered comprehensive without frequent insight into the bottom line.
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U.S. election impact on global travel and hotel performance
U.S. election impact on global travel and hotel performanceAnalysis by Kelsey Fenerty
American outbound travel was much stronger than anticipated across European markets this year, in part due to mega events such as the Summer Olympics and Taylor Swift’s Eras Tour. With the summer months past us, conversations are now swirling around how the U.S. presidential election will impact tourism outside of North America.
Independent Hotel Show London 2024
Independent Hotel Show London 2024
U.S. hotel commentary - August 2024
U.S. hotel commentary - August 2024Analysis by Jean-Claude Pedjeu and Chris Klauda
Hotel forecasting: why it is important to your business
Hotel forecasting: why it is important to your businessHotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. By understanding the key components and dynamics of accurate forecasting, hoteliers can implement more effective strategies, optimizing efficiency and maximizing profitability.
Small pickup in global markets with RevPAR growth, special events continue to move the needle
Small pickup in global markets with RevPAR growth, special events continue to move the needleAnalysis by Brian M. Riley
STR's global "bubble chart" update for the four weeks ending 21 September 2024 shows 63% of markets with year-over-year growth in revenue per available room (RevPAR). That was a two-point increase in the proportion of global markets experiencing matched period RevPAR gains in last month's update.
Taylor Swift's Eras Tour heightened Europe performance levels amid popular tourist season
Taylor Swift's Eras Tour heightened Europe performance levels amid popular tourist seasonAnalysis by Claudia Alvarado Cruz and Chris Klauda
Taylor Swift’s Eras Tour took Europe by storm this summer, with 47 concerts across 17 cities over a 15-week period from May to August. Swift played consecutive three-day concerts in most cities, which were primarily over a weekend, not saying “so long, London” until she returned for a second run in the city.
Maui remains top hotel market despite slow recovery after fires
Maui remains top hotel market despite slow recovery after firesAnalysis by Emmy Hise
A year after a series of tragic fires in Maui, the island’s hotels and Hawaii's governor want visitors to return to the destination to help support the local economy and regain a sense of normalcy.
STR/TE Market Forecast Assumptions – August 2024
STR/TE Market Forecast Assumptions – August 2024Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance.
U.S. hotel commentary - July 2024
U.S. hotel commentary - July 2024Analysis by Jean-Claude Pedjeu and Chris Klauda
The role of total revenue management in a hotel profitability strategy
The role of total revenue management in a hotel profitability strategyThe global hotel industry is firmly positioned in an era of normalized growth levels. That means to achieve greater profits, hotel owners and operators need to explore every possible revenue stream while also working to manage expenses.