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

Market in Decline? – It’s time to focus on fundamentals and implement these metrics and operational strategies to maximize financial performance during declining economic periods

Industry prognosticators continue to revise the U.S. lodging outlook downward. In a declining economic period like the one currently underway, hoteliers—including owners, asset managers, and operators—need to proactively develop and implement strategies that preserve both top and bottom lines, and best allow them to successfully navigate lean times. Here, we present and discuss a number..
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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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HotelAVE Projects A Five-Year Recovery Period For Hotel Industry Post Coronavirus

By Hotel Business on March 18, 2020 PROVIDENCE, RI— Hotel Asset Value Enhancement (hotelAVE) released a study that estimated that it will take the hotel industry in the United States approximately five years to achieve pre-COVID-19 occupancies, revenues and profitability. In addition, the “hotelAVE COVID-19 Hotel Outlook” predicts that the pace of the five-year recovery..
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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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hotelAVE’s Key Conference Takeaways from the 2018 Americas Lodging Investment Summit (ALIS)

Did you miss the 2018 Americas Lodging Investment Summit (ALIS)? Read hotelAVE’s 2018 Key Conference Takeaways to catch up on the latest insights. ALIS Takeaway #1: Top Line Outlook. Unchanged despite tax reform-2018 RevPAR growth forecast ranges from 2.5% to 2.7%. ALIS Takeaway #2: Margin Erosion. Rising labor costs, real estate taxes and insurance and..
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