The rate of growth in occupancy, average daily rate and revenue per available room, while strong, continued to decelerate as the market moves on a path towards stabilization. Lower&priced hotels benefited from the customer's level of rate fatigue being felt in the market, with ADR growth levels for midscale properties triple that of higher&priced hotels in Q4. 2023 RevPAR experienced a year&over&year increase of 16.5 percent, with Q3 seeing an increase of 13.6 percent and Q4 being up 11.5 percent.
Source: hotelnewsresource.com
Now Introducing Cetis Appliances
Cetis has established itself as a leading brand in the hospitality industry, known for its high-quality, user-friendly products that enhance operational efficiency and guest satisfaction. The introduction of its new appliance line, along with a special 20% discount for hotels, underscores Cetis's commitment to supporting modern hotel needs while maintaining its legacy of reliability and … [Read More...]
Serbian protesters demand arrests after railway station canopy collapse killed 14
The concrete canopy that ran along the front of the railway station in the northern city of Novi Sad collapsed suddenly on Friday, landing on people who were sitting on benches or passing through the building’s entrance. Protesters have left red handprints at the entrances of government buildings in the Serbian capital Belgrade to demand the arrest of officials just days after a concrete … [Read More...]
How Payment Flexibility Can Increase Hotel Sales and Profitability
Different guests and clients have different financial situations and preferences. Some might prefer to pay in installments to manage their cash flow better, while others might choose to use digital wallets like PayPal or Apple Pay for added security and convenience.By Lauren Hall, CEO and Founder of iVvy - 11.3.2024 Guests expect convenience and flexibility at every turn – including … [Read More...]
Harris vows to 'turn the page' on divisive politics, Trump confident of election win
With less than 24 hours until election day, Harris and Trump spent Sunday focussed on swing states with Harris campaigning in Michigan and Trump hosting rallies in Pennsylvania, North Carolina and Georgia. It's been a busy Sunday for the two main contenders in the US presidential race with little over 24 hours to go until polling day on Tuesday.Both Democrat Kamala Harris and Republican Donald … [Read More...]
Pro-EU incumbent Maia Sandu re-elected to second term as president of Moldova
Speaking at the headquarters of her Action and Solidarity party in the capital Chișinău, Sandu said her priority in the coming years would be to be a president for all Moldovans. Moldova's pro-Western incumbent president Maia Sandu has won a second term in a pivotal presidential runoff against a Russia-friendly opponent, in a race overshadowed by claims of Russian interference, voter … [Read More...]
Incumbent Maia Sandu has slim lead in Moldova's presidential run-off
Pro-EU president Maia Sandu takes lead ahead of Russia-friendly candidate Alexandr Stoianoglo with almost 91% of the vote counted. Moldovans voted in a critical presidential runoff on Sunday, where pro-Western incumbent Maia Sandu faced off against a Russia-friendly challenger. Sandu has a slim lead - 50.47% - over Alexandr Stoianoglo who has slipped behind to 49.53% with 90.90% of the votes … [Read More...]
Rescue teams drain underground garages in search for missing people in Valencia
Sánchez said a total of 10,000 additional soldiers to join rescue efforts at the request of Valencia’s president, Carlos Mazón. Roughly 5,000 additional soldiers arrived from Madrid and other parts of Spain to assist in the search for missing people following last week's deadly floods, nearly doubling the 4,500 who are already there. An additional 5,000 troops are still expected to arrive.At … [Read More...]
US election: Harris warns voters not to 'fall for' a premature Trump victory claim
Donald Trump is alleging that voter fraud is currently underway in key states, but has provided no evidence. US Vice President Kamala Harris has warned voters not to be put off by Donald Trump's claims about the integrity of the presidential election ahead of the final day of voting on Tuesday.In particular, she cautioned that people who have not voted should not be misled."I would ask in … [Read More...]
Hotel Alma San Juan Selects Innovative Hotel and Resort POS Solutions from GoTab to Enhance the Guest Experience
The collaboration between GoTab and Hotel Alma San Juan represents a fusion of historical elegance and modern innovation, setting a new standard for luxury hospitality in Puerto Rico. 11.1.2024 Hotel Alma San Juan, the newest luxury boutique hotel in the heart of Old San Juan, Puerto Rico, has partnered with GoTab, a leading POS platform. This collaboration brings GoTab’s innovative Hotel … [Read More...]
Spotlight Interview: Jeff Kim, CEO of Yanolja Cloud and Chief Strategy Officer of Yanolja
11.4.2024 Jeff Kim, Chief Strategy Officer at Yanolja and CEO of Yanolja Cloud, brings a wealth of experience in scaling technology companies. At Yanolja, he’s helping to lead a transformation in the travel and hospitality industries, leveraging the power of data and AI to create a more connected, efficient, and personalized travel experience. Well-known in Korea for its consumer-facing … [Read More...]