Hotels embrace ancillary revenue in 2023, Ascott expands Oakwood portfolio by more than 20% and more...

Hotels embrace ancillary revenue in 2023
Friday, 26th January 2024

The number of properties selling additional bookable services (i.e. those that have more than a single space type) is rocketing. A quarter of hotels in the UK now diversify their revenue in this way, a 66% increase on 2022.

RevPag reached £199, with spaces such as parking being used to create much-needed additional revenue and help to offset ongoing cost increases and move properties towards profit >>

Ascott expands Oakwood portfolio with 20+ new signings
26 Jan 2024 : Expands into new destinations, including cities in India, Indonesia, Malaysia, South Korea and Vietnam; as one of the fastest growing global brands in Ascott’s portfolio in 2023 >>

Kerten Hospitality's Dar Tantora The House Hotel set to open in Saudi Arabia
26 Jan 2024 : In the heart of AlUla's historic Old Town, the carefully restored mud brick eco-community stands as a timeless tribute to the region's rich heritage >>

STR, TE maintain projections in first US 2024 hotel forecast
26 Jan 2024 : STR and Tourism Economics made minimal adjustments to growth projections in the first US hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS) >>

HIGHLIGHT ARTICLE

Who is to Blame for the Wholesale Rate Leakage?
Friday, 26th January 2024

Earlier this week at the Americas Lodging Investment Summit (ALIS) in Los Angeles Expedia CEO Peter Kern urged hotel owners: 'Take seriously the billion-dollar issue of wholesale rates being misused online'.

This issue has existed since 1995 and the Wild, Wild West of hotel online distribution. The major hotel chains pretty much dealt with the problem by adopting and enforcing rate parity and best rate guarantees back in 2002. Independents? At least 90% are continuing to experience this problem even today >>

The New Era of Hospitality Metrics for General Managers
Discover 11 must-track metrics for any General Manager looking to bring sustained success to their business in the new era of hospitality >>

In case you've missed it: Global eNews of January 25, 2024
Dubai records 49% increase in successful events bids, Ennismore unveils 2024 openings and more >>