Posts Tagged ‘occupancy’

How Technology Helps Tank Stream Hotel’s GM Also Run Revenue Strategy

by Vera Lye, Contributing Editor, APAC |

At a busy intersection in the heart of Sydney’s central business district stands the Tank Stream Hotel, one of the newest international players to join Australia’s thriving hotel industry. Owned by Malaysia’s IGB group and within the St Giles Collection of hotels, Tank Stream Hotel is the group’s only representation in Sydney, although a second one in the Pyrmont district is due to come online within a year.

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What’s On the Horizon for the Hotel Industry?

by Jason Q. Freed, Managing Editor |

It wouldn’t be a CEO panel at a hotel conference if the biggest names on the speaker lineup weren’t asked for their predictions on upcoming industry performance.

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Strong Revenue Management, Not Cost Cutting, Leads to Profitability

by Ed Watkins, Contributing Editor |

A recent report from CRBE Hotels’ Americas Research contains both good and disturbing news for the hotel industry. The glass-half-full side of the story was that in 2016, despite flat occupancies and an anemic 2.5% rise in average daily rates, gross operating profits for the hotel industry rose a healthy 3.7%. Sounds good, right?

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Making ‘Magic’ and Cultivating Success with Hotel Revenue Strategy

by Sarah McCay Tams, Contributing Editor, EMEA |

A new breed of traveller – the independent, design-savvy millennials – is calling for a new type of hotel experience. They want unique rather than cookie cutter; they want a room with personality rather than a box in a convenient location. They demand a bespoke, personalised service where they feel genuinely welcomed. And they want to pay a price tailored to their wants and needs.

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Travel Ban Creates Confusion, Angst for U.S. Hotels

by Ed Watkins, Contributing Editor |

The travel industry — particularly airlines, but also hotels — is in a state of flux until a final decision is made on U.S. President Donald Trump’s order to ban travel from seven African and Middle Eastern countries. Until the issue is resolved, travel plans remain up in the air for perhaps thousands of people with plans to come to the United States for business, leisure or to visit family.

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