Gross Operating Profit Per Available Room (GOPPAR) has become a vital metric for hoteliers looking to understand the true profitability of their properties.
Appeared first on: hotelnewsresource.com
U.S. Hotel Industry Experiences a Dip Over Thanksgiving Week, Tampa and Oahu Buck the Trend
Following the Thanksgiving calendar shift, the U.S. hotel industry posted lower year&over&year performance comparisons for the week ending November 30, 2024. Appeared first on: hotelnewsresource.com … [Read More...]
Hilton Anticipates Record Growth for Luxury Brands in 2025
Hilton's luxury brands are poised to experience substantial growth, with over 500 properties now open worldwide. Appeared first on: hotelnewsresource.com … [Read More...]
Strategies to Capture Those Last&Minute Holiday Party Bookings at Your Hotel
With the holiday season fast approaching, capturing those last&minute holiday party bookings can be a game changer for your hotel’s revenue. Here’s how you can put your property in front of the pack. Appeared first on: hotelnewsresource.com … [Read More...]
OTB in Hospitality: Your Guide to On&the&books Data and Why It Matters
OTB is one of the most commonly used acronyms in hotel revenue management, and it stands for on&the&books. Appeared first on: hotelnewsresource.com … [Read More...]
Four Seasons Announces New 185 Acre Luxury Resort and Residences in Greece
In collaboration with Hinitsa Bay Holdings, Four Seasons Hotels and Resorts has unveiled plans to transform a beachside property in Hinitsa Bay, Porto Heli, Greece, into a luxury resort and private residences. Appeared first on: hotelnewsresource.com … [Read More...]