Many Louisvillians believe the city has enough hotels but Louisville Tourism CEO Cleo Battle says Louisville is far behind competitors like Nashville, Indianapolis and Columbus when it comes to having enough hotel rooms for conventions
Louisville Business First’s Post
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Ho claims that the number of tourists, hotel bookings, and restaurant reservations in Macau has increased as a result of performances. Read more here: https://lnkd.in/gFG_cC8m #concerts #primary #attraction #tourists #macautrip #performance #HotelBookings #restaurantreservation #traveller #macautravel #tourism
Concerts emerge as primary non-gaming driver for tourist volume in Macau
https://asiacasino.org
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In the final weeks of 2023, events, festivals and holiday activities were the main drivers of travel and hotel performance around the world, according to a new report from STR. The report found that while shifting Art Basel back a week had a negative impact on Miami’s RevPAR, down 50.6% from previous years, college football championship games provided a boost to hotels in urban markets across the U.S. like Indianapolis, which hosted the Big 10 Championship. The correlation between large events and increased RevPAR isn’t a new phenomenon, but tightening markets and an increased desire for experience-based travel is evident. Gencom’s portfolio is strategically positioned to capitalize on these shifting trends, from providing proximity to the action with The The St. Regis Chicago to offering options in other destinations like New Orleans and Nashville with select Provenance Hotels such as Old No. 77 Hotel & Chandlery and Hotel Preston. Learn more via CoStar News: https://bit.ly/48OxNmJ
Global Hotel Performance Largely Tied to Festivals, Football, Other Events
costar.com
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Taylor Swift's concerts are having a remarkable ripple effect on the hotel industry, with the upcoming 2024 concerts in Singapore adding 10% to the March occupancy rates. This is part of a broader surge in Singapore's hotel bookings, spurred by a series of successful concerts and major events. At the same time, Vietnam's tourism sector is hitting post-pandemic highs, recording 1.04 million international arrivals in July - nearing 79% of July 2019's figures. Learn more in the latest Daily Lodging Report: https://hubs.li/Q01ZFt_n0
Taylor Swift Concerts Boost More Hotels
dailylodgingreport.com
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Rio is getting ready to rock! 🇧🇷 This year’s Rock in Rio festival is seeing extremely strong demand signals, helping to set record prices in the city. Advertised room rates are currently higher than those seen during this year's Rio Carnival, although they may have already peaked. Nonetheless, there are still opportunities for hotels during Rock in Rio. Check out our latest analysis for all the details 👉 https://mylh.co/3wQLeET #hotelindustry #hotel #shorttermrental #hospitalitydata #travelinsights #hospitalitytechnology #hospitalityinsights
Rock in Rio: Record hotel room pricing anticipated in Rio de Janeiro for the 2024 music festival
mylighthouse.com
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Did you know more than half of hotel bookings in Nashville for the Taylor Swift concert weekend had a lead time of more than 60 days? We're in Nashville this week for the Hotel Data Conference (HDC), and we've got all you need to know about how you can use real-time data to increase direct bookings. Not only that, our own Stephen Fitzgerald penned a piece in Hotel-Online breaking down hotel bookings for major Nashville events so you can ramp up your direct bookings strategy. Check out Stephen's piece here and stop by our table here in Nashville to learn more. #hotelmarketing #2023insights #travelmarketing
Having a Nash Bash: How Your Hotel Can Capitalize on Events To Increase Direct Bookings
hotel-online.com
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When Taylor Swift comes to town...you better hope your #hotel has a strong, dynamic #roomsrevenue strategy 💡 If you want to learn more about how to optimise your rooms revenue and drive profitability (from swifties or any guest for that matter!), we can help ⬇
An interesting news story today regarding the upcoming Taylor Swift Eras Tour in the UK and its impact on hotel pricing... Whenever a worldwide phenomenon arrives in the UK, it brings unprecedented demand to #hotels and #hospitality venues in the vicinity and this can only be a good thing. But are you doing everything you can to maximise such unique #revenuegrowth opportunities? Too many #hotels have static #roomsrevenue strategies and don't see the bigger picture of dynamic pricing and its importance to optimising potential income. Being full doesn't always mean being smart. With a dynamic revenue strategy, you can deliver fantastic results and quality customer service regardless of occupancy. It's not everyday Taylor Swift comes to your local town...but surely you'd want to be confident your rates are optimised if she did! Talk to our #revenueconsultants today about how we can help you - info@wakeup-call.co.uk https://lnkd.in/ewyhuMA8
Money blog: Taylor Swift's Eras tour is coming to the UK - and this is what she's doing to hotel prices
news.sky.com
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An interesting news story today regarding the upcoming Taylor Swift Eras Tour in the UK and its impact on hotel pricing... Whenever a worldwide phenomenon arrives in the UK, it brings unprecedented demand to #hotels and #hospitality venues in the vicinity and this can only be a good thing. But are you doing everything you can to maximise such unique #revenuegrowth opportunities? Too many #hotels have static #roomsrevenue strategies and don't see the bigger picture of dynamic pricing and its importance to optimising potential income. Being full doesn't always mean being smart. With a dynamic revenue strategy, you can deliver fantastic results and quality customer service regardless of occupancy. It's not everyday Taylor Swift comes to your local town...but surely you'd want to be confident your rates are optimised if she did! Talk to our #revenueconsultants today about how we can help you - info@wakeup-call.co.uk https://lnkd.in/ewyhuMA8
Money blog: Taylor Swift's Eras tour is coming to the UK - and this is what she's doing to hotel prices
news.sky.com
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Last year when we launched our Bachelor of Tourism and Event Management program, we acknowledged the growing significance of events to tourism and the wider visitor economy. This significance has become glaringly apparent as #Swiftie fever takes over Sydney this week. Media is reporting that: 🏨 Hotels in Sydney’s CBD are forecast to hit 100% capacity ahead of Taylor Swift’s Sydney concerts. 🏙Rooms in Sydney's CBD and Sydney Olympic Park are predicted to reach maximum capacity, with Greater Sydney hotels expected to reach 90% fullness. 💸Prices for hotel rooms across Sydney are expected to jump 300%. 🏘The average cost of an Airbnb in the CBD is over $1,000 for two people per night. See: https://lnkd.in/g73Hd_Jj If you're curious about the skills required to work in tourism, events, or the wider visitor economy, you should check out our Bachelor of Tourism and Event Management program: https://lnkd.in/gQqQKA9T Or our Master of Sustainable Tourism, Hospitality and Event Management https://lnkd.in/g-FGAHXS #tourism #events #taylor #swift #erastour
'Pricing was just ridiculous': Fans fork out thousands on accommodation as Taylor Swift prepares for Sydney shows
abc.net.au
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+10 years’ experience in Revenue Management | CRME | Passionate about hospitality & revenue management - Enabiling business/hotel owners to maximize profitability while offering remarkable client experience
Flexibility in Pricing: The Art of Adaptive Strategies The market dynamics in 2023 have pushed hotels toward more flexible pricing strategies. Static pricing gives way to real-time, dynamic adjustments considering many factors. Real-time Adjustments for Demand Expert RMs employ a cutting-edge pricing system that automatically adjusts room rates based on real-time demand. If, por example, a major music festival is announced, room prices increase to capitalize on the heightened demand, while quieter periods may see more competitive pricing to attract visitors. Tailoring to Local Events Our team closely monitors event schedules. This way, hotels can offer special packages during festivals, conventions, footbal matches, etc., including tickets and guided tours, priced attractively to draw attendees. Economic Trend Responses Metropolitan Hotels in Buenos Aires have introduced “Recession Specials” in response to broader economic downturns, offering discounted stays with added-value services like complimentary meals or spa treatments. Conversely, they introduce premium packages targeting business travelers and affluent tourists during economic booms. Attracting a Diverse Clientele 5-star boutique Hotel in Mancora, known for its beachfront views, uses early-bird offers to attract planners, while last-minute deals cater to spontaneous travelers. Their diverse pricing strategy ensures a steady flow of guests, from budget-conscious travelers seizing a deal to luxury seekers splurging on a suite. The pricing landscape of 2023 is not just about setting a fixed rate; it’s about staying attuned to the market’s pulse, ensuring that pricing remains both competitive and profitable.
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𝐌𝐎𝐓𝐄𝐋𝐒 𝐈𝐍 𝐍𝐀𝐒𝐇𝐕𝐈𝐋𝐋𝐄: 𝐌𝐨𝐭𝐞𝐥𝐬 𝐅𝐨𝐫 𝐕𝐚𝐜𝐚𝐭𝐢𝐨𝐧 For good reason, Nashville is renowned as the Music City. But it’s not just music that makes the city famous. Whether you’re a foodie, a history lover, or simply searching for a fun vacation getaway, Nashville has something for everyone. In addition, Nashville’s cheapest motels are one of the most notable features in TN and Tennessee, as well as pet-friendly motels in Nashville, IL. How Much Are Motels in Nashville? If you want to visit Nashville on a budget, you’ll be glad to hear that you can locate motels for as little as $70. Of course, facilities, star ratings, and even the time of year you visit all influence the pricing. Nevertheless, motel rates may reach $85 at the most. In addition, staying in Nashville for a short period of time is an efficient strategy to save on motel expenses. When you shorten your trip to a few days, you don’t have to worry about motel expenses as much because you won’t be staying for as many nights. Apparently, three to four nights at Nashville’s inexpensive motels should be enough. However, that is usually plenty to appreciate the city’s main attractions. 𝐈𝐬 𝐈𝐭 𝐁𝐞𝐭𝐭𝐞𝐫 𝐭𝐨 𝐒𝐭𝐚𝐲 𝐢𝐧 𝐃𝐨𝐰𝐧𝐭𝐨𝐰𝐧 𝐍𝐚𝐬𝐡𝐯𝐢𝐥𝐥𝐞 𝐨𝐫 𝐌𝐮𝐬𝐢𝐜 𝐑𝐨𝐰? There aren’t any hotels “downtown” that you may want to avoid. One is just as safe and handy as the other. 𝐈𝐬 𝐈𝐭 𝐁𝐞𝐭𝐭𝐞𝐫 𝐭𝐨 𝐒𝐭𝐚𝐲 𝐈𝐧 𝐃𝐨𝐰𝐧𝐭𝐨𝐰𝐧 𝐍𝐚𝐬𝐡𝐯𝐢𝐥𝐥𝐞 𝐨𝐫 𝐎𝐩𝐫𝐲𝐥𝐚𝐧𝐝? Most authors favor the Gaylord Opryland Resort & Convention Center above the Hilton Nashville Downtown. Gaylord Opryland Resort & Convention Center has an overall TripExpert rating of 85, with 9 reviews praising Concierge, Star Service, and Oyster. #travelindustry #tourism #hotelsandresorts #management #nashville #opryland #nedchiglobal https://lnkd.in/d-8JJySp
MOTELS IN NASHVILLE: Motels For Vacation
https://nedchiglobal.com
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