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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Category: Revenue Trends

Hoteliers Casting Wider Nets For Guests, Revenue

The COVID-19 pandemic has forced hotel owners and operators to get creative with how they run their hotels, and repositioning strategies have been considered in some cases, sources said. David Israel, SVP at HotelAVE, said some resort properties that his company manages have morphed operations toward a cruise-ship-type model, meaning all meals and activities are..
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Hotel Asset Value Enhancement Magazine

hotelAVE Magazine: Hotel Asset Management Happy New Year!  Attached is our first inaugural hotelAVE Asset Management Magazine. I am proud to bring you a series of articles targeting drivers of hotel real estate value – operational best practices, optimizing contract encumbrances, and managing capital markets trends.  We are constantly innovating to create more cash flow..
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The changes experts think hoteliers should make in 2020

Article originally published in Hotel News Now The hotel industry upcycle has ended, and hoteliers share what changes need to be made in 2020 to adapt. REPORT FROM THE U.S.—As the hotel industry enters 2020 and leaves a record-setting upcycle behind, hoteliers recognize there is a need for making changes. The days of 6% revenue-per-available-room..
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F&B bump big benefit of co-work

MORE THAN CO-WORK. For some hotel companies, the benefits of providing co-working space come from sources other than F&B. At the Moxy Times Square, New York City, a barbershop and tattoo parlor go along with co-working spaces, says David Israel, senior vice president of HotelAve, the property’s asset manager. “We do business in our lobby..
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Owners Adopt New Practices With Fees and Surcharges

Article published by Hotel News Now. Asset managers and owners recognize that amenity and resort fees are a viable source of revenue. Now the trend is expanding into urban luxury and full-service hotels, but experts urge hoteliers to take a careful approach. REPORT FROM THE U.S.—Surcharge fees collected by U.S. hotels are on the rise..
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