Significant improvement in trading, leading to Q3 group RevPAR (21)% vs 2019 (+66% vs 2020); Average daily rate attained in line with 2019 levels; occupancy of ~60% achieved
Posted on: 22 October 2021 | 3:16 pm
Born in the coastal port city of Volos in Greece, Spyridon has been part of the international hospitality industry since 2005 with deep roots in food and beverage developed in Greece, Ireland, Saudi Arabia, Azerbaijan, Thailand, Lebanon and Qatar.
Posted on: 22 October 2021 | 3:12 pm
The Columbus Day holiday propelled U.S. occupancy to 65.0% for the week ending 16 October. That level was the countrys highest since mid-August and surpassed the levels seen during the weeks of Memorial Day and Labor Day. This was also the 11th week since June that occupancy reached or surpassed 65%.
Posted on: 22 October 2021 | 3:07 pm
The Hospitality Sales & Marketing Association (HSMAI) Americas is now accepting nominations for its Marketing and Public Relations Lifetime Achievement awards and Top 25 Extraordinary Minds in Sales, Marketing, and Revenue Optimization honors. The nomination period ends Dec. 20 and coincides with the annual HSMAI Adrian Awards competition.
Posted on: 22 October 2021 | 3:03 pm
As the world reopens further, hotel bookings are only accelerating. Eleven countries on the World Hotel Index are now surpassing their pre-pandemic booking volumes, while a further six sit above 90%. Whats driving this strong performance? One of the key ingredients is an uptick in international bookings, the fifth and final stage of the hotel booking reset.
Posted on: 22 October 2021 | 3:01 pm
Onsite Utility Services Capital (OUS Capital) has created a platform that connects energy generators with cryptocurrency miners who are in search of reliable, cost-efficient electricity.
Posted on: 21 October 2021 | 4:44 pm
The Company's third quarter 2021 operating revenues increased 161.0 percent, year-over-year, to $4.7 billion, but decreased 17.0 percent compared with third quarter 2019 due to the impact of the pandemic. Third quarter 2021 operating revenue per available seat mile (RASM, or unit revenues) was 12.07 cents, a decrease of 15.7 percent, compared with third quarter 2019, driven primarily by a passenger revenue yield decrease of 15.0 percent and a load factor decrease of 2.8 points.
Posted on: 21 October 2021 | 4:24 pm
Reported net income for the third quarter of 2021 under Generally Accepted Accounting Principles (GAAP) of $194 million, or $1.53 per share, compared to a net loss of $431 million, or $3.49 per share in the third quarter of 2020.
Posted on: 21 October 2021 | 4:21 pm
On Episode 203 of the Hotel Marketing Podcast we are going to dive into the 10 steps any hotelier use to create kickass content for their website. We will also cover the ways to ensure this content rank as highly as possible in the SERP.
Posted on: 21 October 2021 | 4:19 pm
Located Near Westgate Entertainment District and State Farm Stadium, The New Hotel Brings 127 Suites to West Phoenix Area
Posted on: 21 October 2021 | 4:17 pm
Net revenue was $857 million, compared to $446 million in the prior year quarter. Operating loss was $316 million, compared to $523 million in the prior year quarter.
Posted on: 21 October 2021 | 4:14 pm
AirDNA Market Review | U.S. September 2021
Posted on: 21 October 2021 | 4:10 pm
Jack in the Box Inc. (NASDAQ: JACK) announced today it has awarded seven development agreements in Q4 of fiscal year 2021 to open 47 new restaurants. In total, Jack in the Box has awarded 23 development agreements in fiscal year 2021 to build 111 stores over the course of the next several years.
Posted on: 21 October 2021 | 4:04 pm
The corporate travel technology landscape could change radically if it moved to a more "plug and play" environment. While processes currently largely revolve around legacy technology some experts say a more open, micro-services environment would lead to greater innovation.
Posted on: 21 October 2021 | 4:02 pm
The hotel industry is more competitive than ever before. There are more properties today than there were even just a few years ago, and thanks to things like travel restrictions, those hotels are vying for the same customers. To stand out, you must find new ways to reach your audience. PR for hotel properties is one option that youre likely not using yet.
Posted on: 21 October 2021 | 3:57 pm