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The Online Booking Channel 2.0

The Online Booking Channel 2.0

The relationship between OTAs and their primary breadwinners—hotels—has been closer to one of rivals than business partners. However, both partners must work together effectively to achieve optimal success. Fortunately for hotels, changes in technology and consumer behavior are creating new ...

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When Management Fee Growth Threatens The Profits It Reflects

When Management Fee Growth Threatens The Profits It Reflects

The U.S. lodging industry’s recovery from the depths of the recent recession was characterized by strong growth in rooms revenue (RevPAR) concurrent with strict cost controls. This combination resulted in double-digit growth rates for profits—defined as income before deductions for ...

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U.S. Hotels Bring in Record Revenue in 2015

2015 was a good year for hospitality. Last year, the hotel industry’s revenue and profit margin reached historic highs. According to STR’s 25th annual HOST Almanac, hospitality’s house profit reached $73 billion last year–passing a peak that had not been ...

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Vail Resorts Reports Higher-Than-Expected Profits

Vail Resorts has reported higher-than-expected profits and revenue in the latest quarter. Benefiting from increased visitation and higher prices, the ski-resort operator saw a rebound at its Tahoe properties and growth at its Colorado and Park City resorts. Vail has ...

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Improving Technology to Build Direct Revenue

Improving Technology to Build Direct Revenue

Slow hotel websites, outdated booking engines, and misused analytics are among the top brand revenue killers, according to Vikram Singh, a hospitality and travel asset optimization specialist. Singh shares advice on how hoteliers can build direct revenue and achieve profitable ...

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