OnTheMarket’s Post

Acquiring and retaining loyal guests is just as important as attracting new ones to your property. ElevenOS improves loyalty enrollment by 30% with every Wi-Fi onboarding for hospitality brands. See how: https://hubs.ly/Q02mx_yp0 #hospitalitytech #ManagedWifi #ElevenSoftware

How to maximize award redemptions with the IHG One Rewards program

Our Wyndham Hotels & Resorts Q3 earnings report today highlighted another strong quarter. Our President and CEO Geoff Ballotti shares: “Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillary revenues. We awarded 10% more franchise contracts domestically this quarter, driving 5% growth in our development pipeline. Stabilizing RevPAR trends and improving comparisons coupled with increased infrastructure demand are expected to pave the way for improved results in the coming quarters. We remain steadfast in our long-term strategy, aimed at delivering outstanding value to our guests, franchisees and shareholders to whom we’ve returned nearly $380 million year-to-date in the form of dividends and share repurchases." For more on our Q3 2024 earnings results click here: https://lnkd.in/dAtx4Yc

Demand-driven pricing is something that hotels and airlines have been doing for years, adjusting prices based on customer demand. However, this practice is less common in the Pubs & Bars sector. We've examined pricing during the England vs. Denmark game to see to what extent operators are flexing their pricing. Our analysis shows that "surge pricing" occurred in approximately 300 venues out of c.5k Managed Pubs & Bars. Two different operators implemented this strategy, with the most frequent increase being 30p per pint. Prices rose by 30p or more in 83% of these sites and by 60p or more in 11% of sites. HDI's pricing databases now include site-by-site, product-by-product data for all food and drink prices in over 18,000 UK hospitality venues. Used alongside our card spending data, we're able to provide unique insights on the likely price sensitivity of individual sites, in order to help operators optimise their pricing strategies. Want to learn more about how our insights can benefit your business? Contact us at hello@hdinsights.com #UKHospitality #HospitalityData #PricingStrategy #SurgePricing #PricingData

Azzurri Group achieved an 18% increase in revenue to £303.1m for the year ended 30 June 2024, while successfully transitioning from a pure-play restaurant operator to a hospitality investment platform https://lnkd.in/dgH3rsHg

BMO’s Diners Club card has long been a go-to for T&E expenses. With its upcoming closure, businesses need a seamless way to manage costs for travel, lodging, dining and transportation. A charge card with built-in controls and real-time tracking can make managing T&E spend easier than ever: ✔️ Stay on budget with spending limits ✔️ Simplify tracking for flights, hotels, and ride shares ✔️ Eliminate manual expense reporting If you’re planning for this change, let’s explore how PEX can help. Check out our Credit Expense product in the comments below! #dinersclub #dinersclubcard

Demand-driven pricing is something that hotels and airlines have been doing for years, flexing the price that customers pay depending on how much customer demand exists at a given time ✈️🏨. However, it’s not something that has been commonplace in the world of Pubs & Bars 🍻. Hospitality Data Insights (HDI) delved into pricing during the England vs. Denmark game ⚽, to understand the extent to which operators have been flexing their prices. Our analysis found that “surge pricing” occurred in around 300 venues (out of c.5k Managed Pubs & Bars), with the average price per pint increasing by 30p or more in 83% of the sites 📈, and by 60p or more in 11% of sites 💸. Surge pricing has proved to be a controversial topic in the world of Pubs & Bars, but it’s something which arguably makes sound commercial sense. Through a data-led approach, we can help clients identify the price sensitivity of individual sites, enabling them to make better-informed decisions on their pricing strategies 📊. Feel free to get in touch if you’d like to find out more about how we can potentially help your business: hello@hdinsights.com 📧 #HospitalityData #UKHospitality #PricingStrategy Ben Wooler Robert Thursfield Darroch Bagshaw

It's amazing that dynamic pricing still seems to surprise people. Holiday prices have gone up in the summer for as long as I can remember and happy hour certainly existed in the 90's when I was a "frequent flyer" at Smollensky's on the Strand. Maybe it's only when prices go up that people object? Airlines, train companys and hotel's have been yielding their rates for some time now, that said, I still speak to hoteliers today that seem happy enough to work with seasonal pricing. Revenue Management would be so much easier if we all agreed to charge £50/night for our rooms and be happy to fill our hotels but that's just not how it works. https://lnkd.in/gZRwnqJP HotelPartner Revenue Management International Society of Hospitality Consultants #revenuemanagement #hotelpricing #dynamicpricing #profit

Discover the art of upselling in hospitality with Alertify! Learn how our innovative solutions can elevate guest experiences and boost revenue in our latest blog post. Read all about it, here: https://lnkd.in/dhJmi_XQ #Airbnb #AirbnbSuperHost #BNB #STR #STRTips #Hospitality #Upselling #Alertify