Everything you wanted to know about buying and selling hotels.
As of February 10, 2024, the latest global update reveals that 74% of hotel markets worldwide experienced an increase in revenue per available room (RevPAR) compared to the same period in 2023.
Some facts that offer a glimpse into the diverse and fascinating world of the hotel industry, showcasing its quirks, history, and unique offerings.
The decision to buy a hotel or a motel should align with your investment objectives, resources, and expertise.
Outside professionals who hold the greatest influence on a hotel include Revenue Management Consultants, who specialize in optimizing revenue streams by analyzing data, implementing pricing strategies, and maximizing room inventory.
Hotels can be affected by a multitude of factors, both internal and external, that influence their operations, performance, and overall success.
Several key statistics are crucial for understanding the dynamics and trends within the hotel industry.
Hotels can overcome obstacles and thrive in an ever-evolving landscape.
Hotels must closely monitor and adapt to changes in consumer behavior to remain competitive, meet evolving guest expectations, and drive long-term success in the hospitality industry.
These facts highlight the diversity and uniqueness found within the world of hotels, ranging from historical landmarks to modern marvels and offering a wide range of experiences for travelers.
To design a survey aimed at improving employee satisfaction in hotels, hoteliers should consider asking a variety of questions covering different aspects of the work environment, job responsibilities, and overall experience.
Surveys are one of the best ways to gauge satisfaction levels. When conducted during the guest stay, they allow you to fix any problems before they turn into a negative review.
Effective communication is crucial in the tourism and hospitality sector, impacting various aspects such as team building, employee morale, diversity management, global operations, and customer service.
Using immersive virtual reality experiences, guests can walk through the hotel's lobby, get a glimpse of different room types, and immerse themselves in the ambiance. These virtual tours provide a realistic and interactive preview, allowing guests to envision their stay and make more informed booking decisions.
The hotel industry in Canada, much like elsewhere, is undergoing significant transformation, driven by technology, changing consumer preferences, and the aftermath of the COVID-19 pandemic.
During 2023, Radisson Hotel Group in India took some major decisions, such as bringing the Radisson Collection brand to the country. As part of its strategic expansion, it is now looking at tier 2 and 3 markets.
The two hotel giants have a rivalry in terms of loyalty program membership numbers. Marriott currently has roughly 16 million more loyalty program members than Hilton.
Wyndham executives said a Choice Hotels offer to buy it has sandbagged them with work in rebuffing the offer and addressing regulators' concerns. The bill so far is $75 million.
FALLZ HOTELS™ is dedicated to maintaining a discreet and tailored approach for hotel buyers and sellers who are fully vetted before being granted exclusive access.
