Revenue Matters’ Post

Luxury experience is what guests are seeking in #hospitality #hotels Guests no longer want just a bed. The hotel concept launches as leisure travelers increasingly seek experiential trips, bolstering demand for luxury and lifestyle accommodations. https://lnkd.in/euyCWrhe

Using real-time data from more than a million hotels booked on Ramp cards this year, we have a unique look into how and why lodging prices fluctuate. And when it comes to the recent hotel prices in Canada, there can be no doubt: Taylor Swift's final tour dates have sent prices to the moon. Our data shows that the median Toronto hotel rate is $526.19 on concert nights, 122% higher than the 30-day median. Prices are even steeper in Vancouver, where hotel rooms rose 472%, for a whopping $1191.82 per night. Still, concert-goers seem willing to endure the expense—all 9 Canadian concerts sold out. Something tells us they'll shake it off. Enjoy some data: https://lnkd.in/eCkSiRvm

Coldplay are heading 🦘 Down Under🦘 for their final tour. What does this mean for the travel and the hotel sector specifically? 📈 Surge in Bookings: Flight bookings to Melbourne up 47%, and Sydney sees a 44% increase, thanks to the band's tour dates. 🏨 Hotel Boom: Sydney hotels report a staggering 125% rise in bookings ahead of the concerts, with average room rates up 30%. 🎉 Guest Experience Matters: To stand out, hotels must enhance their offerings, creating unique concert-themed packages and exceptional service. 🌍 Economic Impact: Large events like this not only boost hotel revenues but also benefit local businesses, fostering sustained economic growth. And yes, I have my tickets, and my hotel room booked! Click the link to read more about how Coldplay's tour is transforming the hospitality landscape. #APACHospitality #HotelierInsights #TravelTrends2024 #GuestExperience #RevenueGrowth #HighReturnHospitality https://lnkd.in/gwVxSfRC

Elevate Your Hotel Experience with Dynamic Signage! 🏨🛎️ Discover how implementing dynamic signage in your hotel greatly enhances communication of daily events. With this tool, you can broadcast personalized welcome messages for each guest, creating a warm and individualized experience upon their arrival. Additionally, you can display nearby events such as concerts, exhibitions, or festivals, informing your guests of entertainment opportunities not to be missed. Finally, dynamic signage also allows you to communicate the schedule of activities organized within your establishment, whether it's themed nights, cooking classes, or other animations, enabling your guests to plan their stay according to their preferences. Highlight Your Facilities Integrating dynamic signage into your hotel makes it easier to offer additional activities to guests while showcasing the values of your establishment. With this tool, you can easily promote complementary services such as excursions, cooking classes, or wellness sessions. Furthermore, you can share testimonials and positive reviews from satisfied guests, reinforcing future guests' trust in your hotel and its offerings. Dynamic signage becomes an effective way to create an engaging guest experience and highlight the values and quality of your establishment. A pleasure to assist you: +212661462796 - +212522980798 - www.maborne.com! #HospitalityIndustry #HotelMarketing #DynamicSignage

Gratuity practices impact both guest satisfaction and performer relations. Whether you allow tipping or prefer alternative arrangements, MHW Live Music helps align your policies with your brand. Read more here: https://bit.ly/3ZLJ0kZ #hotel #hotels #hospitality

When was the last time you called your hotel? I dare you - call your own hotel. 📞 It's a great idea to call your hotel from time to time to check the following: 🗳️ Are the IVR menu options clear and working? 🗳️ How quickly was the phone answered? 🗳️ Was it answered well and on brand? 🗳️ How is the volume & sound quality? 🗳️ What about the on-hold music? Hopefully the phone is answered. I call hotels A LOT and in my experience, 50% of calls to the switchboard go unanswered. That's a lot of missed opportunities. #hotelindustry #hoteltechnology #Technology4Hotels #TechnologyConcierge #Hotels

When was the last time you called your hotel? I dare you - call your own hotel. 📞 It's a great idea to call your hotel from time to time to check the following: 🗳️ Are the IVR menu options clear and working? 🗳️ How quickly was the phone answered? 🗳️ Was it answered well and on brand? 🗳️ How is the volume & sound quality? 🗳️ What about the on-hold music? Hopefully the phone is answered. I call hotels A LOT and in my experience, 50% of calls to the switchboard go unanswered. That's a lot of missed opportunities. #hotelindustry #hoteltechnology #Technology4Hotels #TechnologyConcierge #Hotels

When was the last time you called your hotel? I dare you - call your own hotel. 📞 It's a great idea to call your hotel from time to time to check the following: 🗳️ Are the IVR menu options clear and working? 🗳️ How quickly was the phone answered? 🗳️ Was it answered well and on brand? 🗳️ How is the volume & sound quality? 🗳️ What about the on-hold music? Hopefully the phone is answered. I call hotels A LOT and in my experience, 50% of calls to the switchboard go unanswered. That's a lot of missed opportunities. #hotelindustry #hoteltechnology #Technology4Hotels #TechnologyConcierge #Hotels

The End of an Era: How Taylor Swift's Historic Tour Transformed the #Hotel Industry As Taylor Swift's record-breaking Eras Tour concluded in Canada this past weekend, its impact on more than just the music world became undeniably clear. Over 149 shows across five continents, this tour grossed over $2 billion, and its ripple effects were felt deeply in the hotel industry. For many cities, hosting the Eras Tour was like hosting "a triple Super Bowl." 📈 Unprecedented Hotel Performance: Cities like Indianapolis, New Orleans, and Toronto saw hotel occupancy surge 85-95%. ADRs soared by over 100% in some markets, with a few properties reporting a 500% increase in food-and-beverage revenue. 🎉 Creative Hospitality Experiences: Hoteliers got creative to meet the demand and elevate the guest experience: Swift-themed brunches, cocktails, and singalongs. Lobby performances by Taylor Swift cover bands. Personalized notes and themed décor in guest rooms. 💡 The Legacy of the Eras Tour: This tour didn’t just fill stadiums; it redefined what global tours can mean for the hospitality industry. By strategically scheduling weekend-heavy shows and multiple nights per city, Swift created mini-residencies that supercharged local economies. Can this phenomenon be replicated? #Beyoncé, #Oasis, and #Coldplay are contenders, but only time will tell. One thing is certain: Taylor Swift set a gold standard for how music, travel, and hospitality can create a lasting symphony. #TaylorSwift #Hospitality #ErasTour #HotelIndustry #Innovation

Large-scale events like Taylor Swift's concerts are a blessing for hotels, driving higher occupancy rates in the event areas. To capitalize on these opportunities, hotels should proactively monitor upcoming events and invest in targeted marketing efforts beforehand to maximize their reach and impact. #HospitalityIndustry #EventMarketing #HotelManagement #TaylorSwiftEffect #OccupancyBoost #TravelAndTourism #EventOpportunities #MarketingStrategy #ConcertsAndEvents #HospitalityTrends