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

Navigating Today’s Hotel Market Challenges

John Paulsen, Senior Vice President at hotelAVE, shares key insights from a recent industry survey on current trends affecting hotel operators: Tariff-related planning challenges: “Tariffs in particular make planning and budgeting difficult.” Uncertainty in corporate travel: “There’s a little bit of uncertainty from a business perspective, and we’ve seen that with corporations being like ‘Do..
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Five Tips To Profit As Pent-Up Demand Finally Emerges

When Omicron hit in full force, the rate of RevPAR recovery (as a percentage of 2019) in January and February stepped down from December’s level as consumers cancelled upcoming trips in the short-term and delayed future travel planning. As a result, nationwide occupancies dipped to 84% of 2019 levels during the first three weeks of January 2022, compared to above fair share in certain weeks in December, based on STR data.
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Deciding Factors When Determining a Hotel Brand or Flag Change

Deciding Factors When Determining a Hotel Brand or Flag Change. COVID-19 has created a myriad of troubles for hotel owners—and sometimes trouble means opportunity. As the industry slowly rebounds, savvy owners may see this as a good time to evaluate their hotel brand flag. With over 350 hotel brands, there is little reason to stick..
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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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The Important Decisions of the Brand-Removal Process

Article published by Hotel News Now.  When de-flagging a branded hotel to an independent, there are many things to consider, such as timing, vision of the asset and collaboration with management companies. REPORT FROM THE U.S.—Taking a branded property and converting it to an independent is no easy process, and it comes with several risks,..
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