hotel data
MDO Launches Sustainability Calculator and Certification Program
myDigitalOffice | November 15, 2022
Hotel companies are invited to share their efforts toward moving reports and documents online, receive personalized data on their environmental impact, and apply for MDO Sustainability Certification. BETHESDA, MD., November 15, 2022 – myDigitalOffice (MDO), the world's fastest-growing hotel performance management platform, today released an online sustainability calculator and certification program aimed at shining the spotlight on hotel owners and operators dedicated to reducing their environmental footprint. The calculator allows any hotel company to enter information specific to their sustainable operating processes and apply for MDO S...
Hotel Data Strategy: The First Step Is Admitting There’s a Problem
Jason Q. Freed | October 27, 2022
By Jason Q. Freed There are three stages of the hospitality data lifecycle, starting with adopting the cloud for digital document management. As an industry we've made progress, now let's unpack the work that remains to be done. To best understand where the hospitality industry stands in terms of its adoption of digital tools and cloud-based solutions, it’s important to step back and look quickly at the big picture. First, as far away as it seems, remember that the internet itself wasn’t a widely popular tool until about 20 years ago. But it changed the game so quickly for consumers that businesses scrambled to adopt their operat...
HotStats’ COO Talks Profitability — Today and Tomorrow
HotStats | June 9, 2022
Hotel demand is high, rates are up, but what does it mean for the full spectrum of the profit-and-loss statement. The global hospitality industry is still facing down operational headwinds, and Michael Grove, COO of HotStats, outlined those challenges during a panel session at the International Hospitality Investment Forum (IHIF) titled, “Decoding the Data.” Grove’s presentation, which you can watch in full below, touched on myriad data points and honed in on four main issues impacting the hotel industry’s recovery from the depth of the pandemic: 1) the labour challenge 2) the return of corporate, group and conference travel 3) the...
STR: U.S. Hotel Results for Week Ending 7 May
STR | May 16, 2022
HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May. 1-7 May 2022 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-6.1%) Average daily rate (ADR): US$147.24 (+12.0%) Revenue per available room (RevPAR): US$94.10 (+5.1%) Among the Top 25 Markets, San Diego saw the highest occupancy increase over 2019 (+5.6% to 74.5%). Chicago experienced the largest occupancy decrease from 2019 (-22.2% to 59.2%). The steepest RevPAR deficits were in San Francis...
Deal-Making Activity in the Travel & Tourism Sector Dropped by 34.3% During April 2021, Finds GlobalData
GlobalData | May 17, 2021
A total of 71 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during April, which is a decline of 34.3% over 108 deals announced in March, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is still reeling under the impact of the COVID-19 pandemic. Although the rebound in deal activity in March brought in some cheers, it could not be sustained for long with April again reversing the trend.” The announcement of private equity, venture fi...
Increased Privacy and Flexibility to Characterize Lodging Industry in 2021
GlobalData | December 22, 2020
Increased privacy and flexibility are two of the stand-out trends that leading data and analytics company GlobalData notes will shape the lodging industry in 2021, alongside longer stays, improved hygiene procedures and more no-touch technology. As 2020 draws to a close, Travel & Tourism Analyst Ralph Hollister offers his view on these trends. Hollister notes: “Hotels that cannot provide more secluded spots or offer increased booking flexibility could be at risk of losing out even further in 2021. Rate plans to accommodate longer stays need to be offered, whilst the marketing of no-touch technology and incr...
Knowland Launches Free Interactive COVID-19 Hotel Recovery Dashboard
Knowland | May 20, 2020
Advanced analytics for local market and property level data allows hotels to assess competitive position and jumpstart recovery ARLINGTON, Va. — May 20, 2020—Knowland, the leader in group hospitality analytics for hotels, convention and visitor bureaus, conference centers and other meeting venues, announced today a free interactive dashboard providing actionable insights on COVID-19 hotel recovery. These insights will enable hoteliers to see their position in the rebound compared to local and/or national markets and make informed decisions to accelerate recovery. Knowland is providing free unlimited access to the Dashboard from the Kno...
STR: Colombia’s Daily Hotel Occupancy Sinks to 3.9%
STR | April 14, 2020
BOGOTÁ—As the COVID-19 pandemic in Colombia has worsened, the country’s daily hotel occupancy decreased to as low as 3.9% on 29 March, according to preliminary data from STR. “Daily occupancy in the country was as high as 77.8% on 19 February, but a sharp downward trend began as the number of confirmed COVID-19 cases grew and the government declared a state of emergency on 17 March,” said Patricia Boo, STR’s area director for Latin America. “The numbers are truly astonishing as STR’s most recent data for the country showed that just four of 100 rooms on average were occupied.” At the market-level, significant downwa...
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