A study of 5,016 firm-year observations across 14 European countries finds that one additional year of audit partner tenure raises fees by 17.35% in weak-disclosure markets, versus just 2.02% in strong-disclosure ones.
The guide explains how to calculate ARI by dividing your ADR by your competitive set's ADR, with luxury hotels typically targeting 110-120 and volume properties aiming for 95-100.
The guide offers 10 actionable steps for new revenue managers to audit inherited pricing strategies, competitive positioning, and demand patterns before making changes.
The article explains how hotels can systematically review their rate plans to identify expired accounts, underperforming contracts, and pricing gaps that cost revenue.
Lighthouse data shows 12 of 16 World Cup host cities have hit new low points for group-stage pricing as markets test where premiums will hold.
The guide explains ADR calculation, why rates fluctuate with demand patterns, and practical strategies to increase room revenue without alienating guests.
The article provides practical frameworks for independent hotels to avoid underpricing (which hurts RevPAR despite high occupancy) and overpricing (which reduces bookings and increases OTA dependence).
The guide explains how to calculate and optimize room turnover rates to increase profitability through longer stays, strategic pricing, and minimum-length-of-stay restrictions.
The guide explains how to calculate whether accepting guaranteed group bookings or holding rooms for higher-yielding individual guests will generate more revenue.
Comprehensive guide explains how independent hotels can implement data-driven dynamic pricing to increase RevPAR by an average of 21% through automated rate adjustments.
The guide details 11 criteria for selecting 5-10 direct competitors, from location and price to amenities and online presence, with automated tracking solutions.
Comprehensive guide covering real-time pricing strategies, algorithms, and best practices for hotels to maximize revenue through market-responsive rate adjustments.
WSJ examines the financial missteps and strategic failures that led a major hospitality company from $2B valuation to bankruptcy and property evictions.
A busy hotelier has just wrapped up their best August ever - traditionally it has always been a strong month, but this year it’s been non-stop action. Multiple sell-outs, countless rooms turned, and after closing the books, the overworked team is ready for a much-deserved breather.
It’s not surprising hotel construction is often a demanding and exciting process, as hotels need to have the comfort of a home and the durability for heavy usage of a restaurant on the scale of an office building. In the dynamic realm of hotel development, success hinges on a multitude of factors, with construction management emerging as a pivotal force shaping project outcomes. This article delves into the profound impact of construction management on hotel development, renovations, and Property Improvement Plans (PIPs), shedding light on its growing importance in an increasingly competitive market.
Any credit activity facilitated by an online electronic platform that matches loans with lender interest is variably called "crowdlending", “loan-based crowdfunding”, “P2P lending” or “marketplace lending”. The lenders that invest in loans via crowdlending platforms are the "crowdfunders", “loan-based crowdfunders”, “peer-to-peer lenders” ("P2P lenders"), or “marketplace lenders”, respectively. The term used generally depends on the jurisdiction where the platform is located.
Real estate bonds are fixed-income capital market instruments that are secured by income-producing property (IPP). They come in the form of a property or mortgage bond.
The first-lien mortgage is the senior-most loan secured by real estate having priority claim against a property. It is first in the chronological order in which all mortgage loans are filed and recorded and payment upon the property's disposition. The senior mortgage has priority over all junior encumbrances and gives its holder priority to foreclosure proceeds in the event of borrower default.
Commercial real estate lending is provided to finance income-producing property that is to be built, to refinance and restructure existing real estate financing, and to acquire distressed or non-performing loans (NPLs).
Under a hotel lease agreement, the owner of a hotel property leases it to the tenant, who uses it to run its hotel business. The owner (landlord) has no control over the property's operation and bears no risk and liability for the hotel business.