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Everything you wanted to know about buying and selling hotels.

The Importance of Reputation Management for Hotel Revenue Growth

In today’s digital age, customers can easily share their experiences with others through online review platforms. This has made it more important than ever for hotels to monitor and manage their online reputations. When prospective guests trust a hotel's reputation, they tend to opt for direct booking with the hotel rather than utilizing third-party platforms. Direct bookings allow hotels to preserve more revenue by sidestepping commissions and forging a direct connection with guests.

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3 Strategies for Improving Efficiency in Hotel Reporting

In today's fast-paced hospitality landscape, effective reporting is key to delivering exceptional guest experiences. Here are three dynamic tips to streamline hotel reports and ensure comprehensive visibility across all touchpoints.

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Mastering Hotel Revenue Management: A Comprehensive Guide

Hotel revenue management, rooted in the aviation industry's pioneering pricing strategies, has become indispensable for maximizing profitability and optimizing performance in the hospitality sector. By leveraging advanced tools like revenue management systems (RMS) and strategic pricing methodologies, hotels can outperform competitors, enhance guest satisfaction, and drive sustainable revenue growth. The future of revenue management lies in embracing technological innovations, fostering strategic partnerships, and prioritizing agile decision-making to thrive in a dynamic market landscape.

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17 Strategies for Enhancing Your Hotel’s Performance

Crafting strategies for hotel improvement stands as a pivotal endeavor in the ongoing endeavor to uphold and augment your hotel's prosperity. From refining operational efficiencies and bolstering staff morale to enhancing guest satisfaction and bolstering revenue streams, the right hotel improvement initiatives wield the potential to significantly influence pivotal hotel metrics and KPIs. In times where time is scarce, generating novel ideas can prove challenging. Hence, we've curated a compendium of beneficial hotel improvement concepts tailored to fortify your arsenal of strategies....

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New Hotelier Buyer Alert

Hotelier Buyer | Canada | 4 ✩✩✩✩ Hotels and AboveCONFIDENTIAL

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Unlocking Financial Insights: 11 Key Statistics for Hotel Businesses

Delve into essential financial statistics derived from IRS tax return data to optimize your hotel business strategy. Explore key metrics such as revenue, expenses, and profit margins to gain valuable insights for financial planning and decision-making.

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Guide to Commercial Mortgages for Hotels

Unlock the potential of your hotel venture with our guide to commercial mortgages. From deposit requirements to prevailing rates and eligibility criteria, empower yourself to make informed decisions and secure optimal financing for your hospitality business.

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Navigating the Constriction: Challenges in US Hotel Construction Financing

Tighter lending standards from regional banks are hindering US hotel developers' access to funding, leading to a slowdown in hotel construction. This trend, exacerbated by the aftermath of the regional banking crisis, poses challenges for developers, impacting the broader economy and prompting a shift in financing strategies.

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Innovating Hospitality: Seven Strategies to Boost Hotel Revenue and Adapt to Changing Markets

Discover seven actionable strategies to enhance hotel revenue and adapt to changing market dynamics, from embracing remote work to optimizing event spaces and securing long-term contracts.

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Innovations Transforming Hospitality: From Bakeries to Dynamic Meeting Spaces

Discover how forward-thinking hoteliers are revolutionizing the hospitality landscape with innovative concepts that go beyond traditional offerings. From the aromatic allure of hotel bakeries to dynamic meeting spaces that adapt to every occasion, these strategies are reshaping guest experiences and enhancing revenue streams. Dive into the insights shared by industry experts and visionary hoteliers, and learn how integrating specialty coffee into hotel spaces is turning them into vibrant community hubs, fostering connections and driving success beyond room bookings.

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Transforming Small Group Reservations into Lucrative Ventures

Learn how hotels can leverage technology and strategic approaches to turn small group reservations into substantial revenue generators.

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In February, Group Demand Fuels Hotel Room Rates Across Canada

In February 2024, Canada's hotel industry witnessed a third consecutive month of declining occupancy rates but a continued rise in Average Daily Rate (ADR), particularly driven by Group ADR, which surged by 7.9 percent, outshining other segments. Despite the slight dip in occupancy to 58 percent, ADR climbed notably to $181.55, with Revenue Per Available Room (RevPAR) reaching $105.37. Manitoba led in occupancy at 69.8 percent, while Vancouver stood out among major markets with a 73.5 percent occupancy rate.

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Days Inn establishments acknowledged by Booking.com

Several Days Inn locations across Canada have been acknowledged for their outstanding hospitality by Booking.com, receiving the prestigious Traveller Review Award for 2024. These awards, now in their 12th year, recognize accommodation partners who consistently deliver exceptional guest experiences.

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52 Canadian Super 8 by Wyndham properties have been honored with the prestigious “Pride of Super 8” awards for the year 2023

The list of honored Super 8 by Wyndham properties for the 2023 "Pride of Super 8" awards spans a wide array of Canadian destinations. Among the esteemed winners are Super 8 by Wyndham 100 Mile House, Super 8 by Wyndham Amherst, Super 8 by Wyndham Brandon, Super 8 by Wyndham Canmore, and Super 8 by Wyndham Caraquet, alongside many others. These establishments have been recognized for their unwavering commitment to delivering exceptional service and providing guests with a superior hospitality...

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Toronto Tops Orkin’s Bed Bug Cities List for Seventh Straight Year

Orkin Canada's annual list of bed bug-infested cities in Canada has once again ranked Toronto as the top spot for the seventh consecutive year.

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Hotel Construction Challenges Spark Call for Industry Disruptions

Hotel executives lament the formidable challenges plaguing the construction sector, exacerbated by inflationary pressures and acute labor shortages.

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Exploring Hotel Revenue Management: A Historical Journey and Modern Strategies

Boost Hotel Revenue: 20 Strategies & Emerging Trends - In today's dynamic hospitality landscape, hoteliers face the dual challenge of meeting the rising demand for travel while navigating economic headwinds. To maximize revenue potential, hotels must deploy effective sales strategies tailored to modern travelers' preferences and behaviors. Here are 20 actionable tactics to boost revenue and stay ahead of emerging trends in the industry.

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Maximize Hotel Performance: 17 Essential Reports to Stay Ahead

Maximize performance with key reports covering revenue, guest satisfaction, and operational insights. Leveraging existing systems and smart integration, unlock essential metrics for informed decision-making.

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20 Effective Strategies for Boosting Hotel Revenue

Boost Hotel Revenue: 20 Strategies & Emerging Trends - In today's dynamic hospitality landscape, hoteliers face the dual challenge of meeting the rising demand for travel while navigating economic headwinds. To maximize revenue potential, hotels must deploy effective sales strategies tailored to modern travelers' preferences and behaviors. Here are 20 actionable tactics to boost revenue and stay ahead of emerging trends in the industry.

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Why Are Loans Critical for Hotel Profitability?

Hotel loans are indispensable for the profitability and success of hotels across the hospitality industry. They serve as a lifeline for hoteliers, enabling them to achieve various objectives and enhance cash flow essential for sustainable growth. From financing options tailored to different needs to the critical role of interest rates and debt service coverage ratio (DSCR), loans play a pivotal role in shaping the financial landscape of hotel businesses. Additionally, non-recourse loans and favorable loan terms contribute to mitigating risks...

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