No Vacancy News, Podcasts and Videos’ Post

We’re diving deep into extended stay hotel profitability with International Hospitality Technology Hall of Famer Cindy Estis Green, the Co-founder and CEO of Kalibri Labs. We’re joined by cohost Doug Artusio, Founder of the Extended Stay Lodging Association, to explore how data-driven insights are reshaping the extended stay market. In this episode, we cover: • Kalibri Labs: Gathering data from 30,000+ hotels for unmatched RevPAR insights • Why understanding the composition of demand is crucial for extended stay success • The rising cost of guest acquisition: From 5% to up to 25% in recent years • How to choose the most profitable guest acquisition channels • The power of benchmarking to boost your hotel's bottom line • Why not all customers are created equal when it comes to profitability • Practical examples of how extended stay developers can benefit from data insights • Key strategies for operators to target the right business mix • The critical role of length of stay in determining hotel success Gain actionable tips on using data to make smarter, more profitable decisions in the evolving hotel landscape. Thanks to Dellisart Hospitality for sponsoring this episode. #HotelProfitability #ExtendedStayHotels #RevPAR #HotelData #HospitalityInsights #KalibriLabs #HotelManagement #DataDrivenSuccess #HospitalityIndustry

In summer 2024, Blastness reached a significant milestone: direct sales for its portfolio of hotels equalled Booking.com. 🚀 This breakthrough demonstrates the effectiveness of Blastness' technology in helping hotels increase direct bookings and reduce dependency on OTAs. In this article in the prestigious magazine Pambianco Hotellerie, we explain how Blastness helped the properties to achieve this important benchmark and what it means for the future of hotel distribution: discover more! 👇

Planning your perfect getaway is now easier than ever with wtfares.com! ✈️🏨 Use our advanced filters to sort hotels by star rating, price, and facilities, and navigate the map to find your ideal location. Get exactly what you want for your trip with just a few clicks. Start planning today!" #wtfares #TravelPlanning #HotelBooking #CustomizeYourTrip

Role of Profit in Business - 5 Profit Triggers in City and Resort Hotels You Missed takes a different approach to analyzing how city and resort hotel performances are impacted. It uses five areas - investment, operation, target market, revenue and profit to highlight how a city or resort hotel can strategize its revenue and profit.

Moviebeam ensures that your profibility increases and every guest enjoys personalized entertainment tailored to their preferences. Revolutionize your guest experience and set your hotel apart as a premier destination for unparalleled leisure and relaxation. #MovieBeam #GuestExperience #GuestSatisfaction #Customers #ResiidentialExperience #DeluxeDining #LuxuryExperience #InRoomDining #INroomDining #InroomServices

Are review scores higher in hotels or short‑term rentals? 💡 Find out this as well as the latest trends in supply, demand, rates, and ratings by diving into this animated data story 👉 https://lnkd.in/ehuBpCxh #hotelindustry #hotel #shorttermrental #hospitalitydata #travelinsights #hospitalitytechnology #hospitalityinsights

Unlocking the Secret: Short-term Rental Supply Surges 24% - Is the Hotel Industry at Risk? Article Summary: - Short-term rental (STR) supply in key hotel markets increased by 24% in 2023 compared to 2022, with Riyadh, London, Mumbai, Sydney, and Delhi witnessing the highest growth rates, each exceeding 40%. - EMEA markets saw the highest increase in STR supply at 31%, followed by Asia Pacific (19%) and Latin America (18%), while North American destinations experienced the least growth at 9%. - Prices for short-term rentals grew faster than hotels, with Q4 year-over-year rates averaging +16%, led by Asia Pacific (+32%), while hotels averaged 11% growth. However, occupancy on the books for Q1 2024 was 17% higher for hotels compared to 6% lower for STRs. - Flight search increases were highest in Asia Pacific, reflecting recovery and increased domestic travel. European and Middle Eastern destinations like Reims, Rovaniemi, and Jeddah also saw significant growth. - Review scores, standardized out of 5, were higher for independent accommodations and STRs compared to chain hotels. Despite dips due to COVID-19, STRs maintained higher scores, indicating convergence in guest experience across sectors. Top Takeaways: 1. Short-term rental supply is rapidly increasing, posing potential competition for hotels in key markets. 2. Prices for short-term rentals are rising faster than hotels, but hotels have higher occupancy rates. 3. Asia Pacific leads in flight search increases, signaling recovery and increased domestic travel. 4. Independent accommodations and STRs generally receive higher review scores compared to chain hotels, suggesting a convergence in guest experience across sectors. 5. Review scores significantly impact revenue, emphasizing the importance of maintaining high guest satisfaction levels for both hotels and STRs. Tools Mentioned: - Booking.com: Provides review scores standardized out of 5 for both hotels and short-term rentals, allowing comparisons between independent/chain hotels and professionally managed/private STRs. #ShortTermRentalBoom #HospitalityTrends #MarketInsights #TravelRevival #CompetitiveLandscape #PriceWar #OccupancyInsights #FlightSearchTrends #ReviewScores #GuestExperienceGap

For those who think about the value of wellness and clean air, this may very well be a good example. Pure Wellness innovative approach allows to improve hotels’ profitability through technology and asset repositioning. #hotels, #iaq, #singapore, #wellness, #healthybuildings

Ready for Spring Break? Why not vacation in style at a luxury resort for a fraction of the price? Inquire how. #luxuryresorts #luxuryresort #romanticgetaway #couplesretreat #couplesgetaway #anniversarycelebration #springbreak2024 #springbreak #FIVEDIAMONDCLUB