Markets & Performance Supplier News - Hospitality Net

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October 30, 2023

RateGain announces results for Q2 & H1FY24; Accelerates Profitability by 157% with Robust Revenue Growth and Improved Operational Performance

RateGain Travel Technologies Limited (NSE: RATEGAIN), a global provider of AI-powered SaaS solutions for the hospitality and travel industry, today announced its financial results for Q2 & H1FY24 ending on September 30, 2023, reporting exceptional performance across key financial and operating metrics, as the company continues to build on its momentum from last year.

October 18, 2023

Hospitality Group and Business Performance Index by Knowland and Amadeus Shows Tampa, Las Vegas, and San Diego Leading U.S. Group Revenue Recovery in Q3

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019. Group bookings are calculated using occupancy and average daily rate (ADR.)

The Knowland Group and Amadeus Hospitality

October 13, 2023

Hotel metrics: How to measure performance in the hotel industry

Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment.

October 5, 2023

Nashville and Los Angeles Lead in Year-over-Year Percent Growth for September

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reports Nashville has seen the highest percent growth at 30.7 percent, with Los Angeles coming in at 22.3 percent over 2022. For the top five performing markets, National Associations took the lead, with Healthcare, Education, and Weddings leading as top industry growth drivers. This data is sourced from Knowland’s sales intelligence platform designed to help hoteliers build and protect a hotel’s revenue base.

The Knowland Group

September 21, 2023

New Guest Experience Report released by Shiji ReviewPro, now with City and Hotel Rankings

Shiji, the global technology brand, is thrilled to announce the release of Shiji ReviewPro's Guest Experience Benchmark for the second quarter of 2023, featuring two major additions designed to empower hoteliers worldwide in assessing hotel performance: the City Hotel Rankings and City Benchmark sections. In this latest Q2 report, Shiji added rankings for the top 5-star, 4-star, and 3-star hotels in prominent cities such as New York, London, Dubai, Sydney, Cape Town, and Rio de Janeiro. Furthermore, the benchmark report presents rankings for 50 of the world's most iconic cities based on their average Guest Review Index (GRI). This comprehensive Guest Experience Benchmark report stands as the most extensive examination of online reputation within the hospitality industry currently available. Some key insights from the Q2 2023 report:

September 21, 2023

Hoteliers bring in an additional €25k over the summer by upselling their available space to provide more amenities to guests

Mews, the industry-leading hospitality cloud, has released its new report into hospitality’s performance in the summer of 2023. The report, called the Mews Data Snap, also compares this year’s data to summer 2022 to see how the industry is changing.

September 21, 2023

Travel Recovery Continues as Hoteliers Embrace Upselling with 70% Increase in Summer 2023, According to Mews Data Snap

Mews, the industry-leading hospitality cloud, today released the Mews Data Snap, a real-time measure of hospitality's performance during the summer of 2023 (June, July, and August). The report also compares this year's data to summer 2022 to pinpoint how the hospitality sector is changing.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

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Ernest - Lighthouse's AI for hoteliers

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September 8, 2023

Knowland Reports 21 Percent Growth in Meetings and Events in August

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reports overall U.S. meeting and event volume for August 2023 was up 21 percent over August 2022. This data is sourced from Knowland’s sales intelligence platform designed to help hoteliers build and protect a hotel’s revenue base.

The Knowland Group

September 7, 2023

Special Report Highlights Hotel Investor Attitudes, Opportunities for Revenue Management Technology

IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season. The report “Unlocking Hotel Performance: The Power of Revenue Management Technology Today,” includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality, and how technology is reshaping hospitality commercial organizations.

August 17, 2023

Los Angeles Leads in Meetings and Events Volume for July, according to Knowland

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reports Los Angeles-Long Beach moved up to the lead spot in the U.S. over Chicago for July 2023. This is the first time this year that the Los Angeles market took the lead in event volume. Overall U.S. meeting and event volume for July 2023 was up 22.1 percent over July 2022. This data is sourced from Knowland’s sales intelligence platform designed to help hoteliers build and protect a hotel’s revenue base.

The Knowland Group

August 14, 2023

Insight Into the Different Types of Hotel Guests

Understanding the diverse types of hotel guests is crucial for hoteliers aiming to provide exceptional service and create memorable experiences. Guests come from a myriad of backgrounds, each with unique needs, preferences, and expectations.

August 1, 2023

Hospitality Group and Business Performance Index from Knowland and Amadeus Shows Q2 2023 Group Revenue Recovery in Fourteen of Top Twenty-Five US Markets

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index, for the second quarter of this year. The Index, which combines event data from Knowland with hotel booking data from Amadeus to give both individual and aggregate views of the key drivers of hotel performance, was first launched in June and is updated on a quarterly basis.

The Knowland Group and Amadeus Hospitality

July 12, 2023

Knowland Reports Meetings and Events Growth for June at 30.3 percent

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, reports June meeting and event volume is up 30.3 percent over June 2022. This data is sourced from Knowland’s sales intelligence platform designed to help hoteliers build and protect a hotel’s revenue base.

The Knowland Group

July 11, 2023

OTA Insight's Mid-Year 2023 Report Reveals Robust Hotel Pricing Trends Amidst Shifting Global Dynamics

OTA Insight, the global leader in cloud-based business intelligence, today released its mid-year report on the state of global hotel pricing. The report provides a comprehensive overview of global hotel room rates in H1 2023, revealing industry trends and setting the stage for the remainder of the year.

Ad AI Hospitality

Ernest - Lighthouse's AI for hoteliers

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July 10, 2023

US Short Term Rental (STR) market suffering while Europe and UK escape significant slowdown

The US short term rental market has struggled to keep up with the rest of the world in 2023 according to half-year analysis by short term rental (STR) data specialist Key Data.

June 23, 2023

Americans Traveling in 2023: Passion for Mexico, but the East Is Thriving

New data suggests that American tourists are increasingly exploring international destinations in 2023, contributing to a significant reshaping of the global travel map. Intriguing shifts in travel preferences are unfolding, with a marked increase in the desire for both traditional and fresh, unconventional destinations. Curious about these evolving trends and their potential impact on tourism? Dive into our latest Lybra Destination report for an insightful analysis.

June 7, 2023

Over two fifths UK hospitality businesses operating at a loss, 70% to increase prices in coming year

Over two fifths of the UK’s hospitality businesses are operating at a loss, with the vast majority eyeing price increases during the next year, new research by Peckwater Brands has found.

Peckwater Brands

June 7, 2023

Chicago Leads in U.S. Meetings and Events in May for Second Month

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, continued its monthly monitoring of the top 25 markets to identify those that are leading the industry in meeting and event volume. Today the company announced the Chicago market led the U.S. meetings and events industry by volume for May for the second month in a row. Second place again went to Washington D.C., with Los Angeles/Long Beach in third. This data is a subset of Knowland’s sales intelligence platform designed to help hoteliers build and protect a hotel’s revenue base.

The Knowland Group

May 24, 2023

Avantio wins Best Vacation Rental Software Provider and Best Channel Manager at Shortyz Awards 2023

Avantio, a leading vacation rental property management software provider, was recently recognized as the Best Property Management System and the Best Channel Manager at the prestigious Shortyz Awards 2023. Over the past year, the company's outstanding growth, achievements, and commitment to excellence have solidified its position as a top player in the vacation rental software industry.

May 17, 2023

Agilysys Announces Fiscal 2023 Fourth Quarter Record Revenue of $52.9m and Full Year Record Revenue of $198.1m

Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today reported operating results for its fiscal 2023 fourth quarter and full year ending March 31, 2023.