Alan Newton’s Post

Thank you for sharing, #ILHA. Economic headwinds and downward pricing pressure mean operational efficiency and cost-cutting are going to be the name of the game for the near term. There are things you can automate and ways you can reduce spending that won't hurt all the progress you've made on improved guest experiences. Some ideas below!

Some new research from JLL obtained by Hotel Dive found that “nearly half of branded hotels globally are managed by third parties.” A significant reason for this is that it offers access to a wider customer base via better distribution and vast loyalty networks. Part of this research also found that “guest satisfaction rose this year at hotels run by third-party management.” What we can take from this is that third-party management is a winning formula for plenty of hotels. #Hotels #HotelTechnology #ThirdParty

Explore how boutique hotels can leverage data, innovation, and strategic foresight to optimize revenues while delivering exceptional hospitality. 💡 Read the full article 🔗 https://shorturl.at/hIOcR #SirFrog #RevenueManagement #Hospitality #BoutiqueHotels #PricingStrategy #HospitalityInnovation

HOSPITALITY NEWS #740 Hotels to see 9-11 percent revenue growth in FY25; third straight year in current upcycle: CareEdge Ratings Report While supply of room inventory is expected to experience a delayed catch-up due to the protracted setup period for greenfield hotels, organised players are strategically expanding their footprint in an asset-light manner. CareEdge Ratings estimates that in FY24, the hotel industry will end at RevPAR growth of 12-14 percent on the high base of FY23. The robust resurgence in demand, coupled with the gradual alignment of supply and demand of branded hotels room inventory, has been a noteworthy facet of the hospitality sector's post-pandemic trajectory. The growth momentum in the hotel industry is expected to be sustained in FY25, resulting in likely y-o-y revenue growth by 9-11 percent backed by healthy domestic leisure and business travel and complemented by increasing foreign tourist arrivals, contributing to an improved credit profile for industry players. This will make it the third straight year of an upcycle. Pan-India, average room rates (ARRs) are expected to be around INR 7,200 to INR 7,400 in the current fiscal, which is likely to rise further to INR 7,700 to INR 7,900 in FY25. The hospitality sector's commendable recovery in occupancy rates and average rates has in turn cushioned its RevPAR, estimated to have climbed to an average range of INR 4,800 to INR 5,000 by the end of FY24 up from the 4,300-range registered in FY23 and is expected to grow by 9-11 percent in FY25 on the high base of FY24. Sources: HN

RevPAR: A Key Metric for Hotel Success. Revenue Per Available Room (RevPAR) is a fundamental metric for the hotel industry. While it can be challenging to consistently optimize RevPAR in a dynamic market, there are numerous strategies hotels can implement to maintain and boost their performance throughout the year. Read more. . . #RevPAR #hotelrevenuemanagement #hotelmanagement #outsourcing #hospitalityindustry #directbookings #revenueboost #revnomix #Hoteliers #Hotels #HospitalityIndustry #Resorts #Hospitalitysolutions #outsourcing #profitmaximization #revenuemanagementservice Revnomix Solutions - Leading Hotel Data Analytics & Revenue Management Company

🏨 Luxury hoteliers: There's a new article from Jason Freed over on International Luxury Hotel Association's new website that discusses how to maintain a healthy bottom line by shifting focus to cost reduction. With recent forecasts pointing to flatlining demand and increased pricing pressure, Freed says many luxury hotel owners and operators find themselves re-evaluating plans for the remainder of 2024 and beyond. Real-time data utilization, allowing leadership to regularly revisit expense projections to maintain profit margins, has become crucial. Check it out! #TotalProfit #ILHA #LuxuryHotels #Hospitality #HotelData

As IHG hotels start to map out their 2025 budget, have you begun to take a look at what you want to add to your hotel's budget? Take a look at how Kipsu's guest messaging is a great ROI for IHG properties across the globe! https://buff.ly/4hwKurs #IHG #BudgetPlanning #Hotels #Hospitality #Kipsu #2025Budget

SpotQuest Hotel Industry Market Report 2024: Navigating the Saudi Hospitality Landscape Welcome to the unveiling of the latest SpotQuest Hotel Industry Market Report 2024! This comprehensive report delves deep into the dynamic realm of Saudi Arabia's hospitality sector, offering key insights that illuminate current trends and future trajectories. Understanding the Hotel Industry Landscape The report begins by providing a panoramic view of the current hotel industry landscape in Saudi Arabia. Highlighting key brand players and emerging destinations, it paints a vivid picture of the competitive environment and evolving consumer preferences. Exploring Boudl Hotels & Resorts and EWAA Hotels & Resorts A focal point of the report is the strategic positioning of Boudl Hotels & Resorts and EWAA Hotels & Resorts, two giants within the Saudi domestic hotel market. Readers will gain valuable insights into their market strategies, customer appeal, and growth trajectories. Latest Pricing and Demand Trends Intrigued by pricing and demand dynamics? SpotQuest's report delivers the latest trends across the Kingdom, revealing which brands are setting the pricing benchmarks and which are following suit. This section is essential for understanding market competitiveness and consumer behavior shifts. Competitive Dynamics among Hotel Brands Which brands should be keeping a close eye on each other? The report identifies key competitors and analyzes their strategies, offering strategic guidance for industry stakeholders aiming to stay ahead in this competitive landscape. And More… Stay ahead of the curve with SpotQuest's Hotel Industry Market Report 2024, your definitive guide to navigating the complexities and opportunities within Saudi Arabia's vibrant hospitality sector. Whether you're an investor, industry professional, or simply curious about the future of hospitality, this report is your gateway to informed decision-making and strategic planning. Interested to understand latest market dynamics in your market? DM me To access the full report and unlock unparalleled insights, visit and subscribe: Link to register: https://lnkd.in/dyUGiNnz #LocationIntelligence #SWOT SpotQuest TravelGenius Pte Ltd #SaudiArabia #HeadroomToGrow

Each year, HOTELS Magazine publishes "The List" in our July/August issue, ranking the world’s top hotel companies by total number of rooms in operation as of the previous year. The survey also denotes the total number of properties within each company’s system and ranks the top global brands by its own inventory. Now, you can easily access this comprehensive data online and stay up to date with the latest industry numbers. Check it out today: #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #survey #hotelbrands

Paraspara Hotel – Enhancing Guest Experience with DOWHAT’s Smart Solutions Paraspara Hotel, a luxury property located in one of the most scenic areas, combines traditional elegance with modern amenities. Known for its premium accommodations, exceptional service, and prime location, Paraspara Hotel attracts a diverse clientele ranging from leisure travelers to business professionals. The hotel is dedicated to providing a seamless, high-quality experience, ensuring every guest's needs are met with the utmost care and attention. To further elevate guest experience and streamline hotel operations, Paraspara Hotel has implemented DOWHAT's advanced solutions, which include the CRS/Booking Engine and DX Basic Package:    Introduced Solutions and Expected Benefits  🌐 CRS/Booking Engine  🔸Streamlined Booking Process: The integrated CRS and booking engine ensure a smooth and efficient reservation experience for guests. With real-time updates and availability, the booking process is faster and more convenient for both guests and hotel staff.  🔸Increased Conversion Rates: By offering a user-friendly interface and seamless booking experience, the hotel can increase direct bookings, reducing reliance on third-party platforms and improving overall revenue.  💼 DX Basic Package  🔸Real-Time Notifications and Task Management: DOWHAT’s DX Package allows for seamless communication between hotel staff through real-time task notifications, ensuring that all guest requests are addressed promptly.  🔸Unified Dashboard for Operations: The hotel management team can monitor all activities from a single platform, enabling more effective decision-making and enhanced operational efficiency.  🔸Big Data Insights: By leveraging big data, Paraspara Hotel can analyze guest behavior, improve service quality, and optimize revenue strategies, leading to a more personalized guest experience and increased profitability.    With DOWHAT’s smart solutions, Paraspara Hotel is positioned to deliver an exceptional and efficient guest experience while ensuring operational excellence. This collaboration marks a new era in the hotel’s ongoing commitment to innovation and guest satisfaction. 🌟    #DOWHAT #HotelTech #SmartHotel #DigitalTranformation #CRS #BookingEngine #Paraspara