Articles tagged “rates”

News Blog

Hotel Chart of the Week: Europe’s Rising Room Rates Are Tolerated by Many Travelers

How are hotels doing post-pandemic? It all depends on the market and the type of hotel. In the U.S., average hotel rates nationwide have barely recovered to 2019 levels after accounting for inflation, but individual markets like New York City are performing better than before, while other individual markets, like San Francisco, are doing worse.…

Sean O'Neill | 5 months ago

News Blog

Pace of U.S. Hotel Rate Rises Moderated in May

Rising hotel room rates in the U.S. are still contributing to an overall rise in the national cost of living, but the pace of hotel rate hikes is slowing, according to new numbers released on Tuesday. Hotel rates rose 1.8% in May from April, according to the U.S. Bureau of Labor Statistics, which reported the seasonally…

Sean O'Neill | 6 months ago

Hotels

Wyndham’s Recovery in Hotel Room Rates May Plateau This Year

Middle-income U.S. consumers have yet to let price hikes or declining savings get in the way of booking travel. Wyndham benefited in the fourth quarter. Yet the world's largest hotel franchisor expects rate gains to plateau in 2023.

Sean O'Neill | 9 months ago

Wyndham’s Recovery in Hotel Room Rates May Plateau This Year

News Blog

U.S. Short-Term Rental Nightly Rates Push Even Higher in Record Summer

Despite the fears of recession and soaring fuel prices that have retreated somewhat in recent weeks, average daily rates for short-term rentals in the U.S. this summer jumped 7 percent year over year — and that's nearly 30 percent higher than the summer of pre-pandemic 2019. Airbnb short-term rental stay. Source: Airbnb Those conclusions were…

Dennis Schaal | 1 year ago

News Blog

Amadeus Launches Market Forecasting Tool for Hoteliers

Amadeus said on Wednesday that it had launched a market forecast capability "to help hoteliers accurately track revenue and manage costs." The tool is part of its business intelligence software suite, RevenueStrategy360, for hotels that it expanded after its acquisition of TravelClick several years ago. "Most tools today look at historical data, but ours focuses…

Sean O'Neill | 1 year ago

Business Travel

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023

Companies are holding their nerve, because hotels have the upper hand right now when it comes to dictating rates. It’s a gamble leaving negotiations until so late, but you have to question how long prices can keep climbing.

Matthew Parsons | 1 year ago

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023

Short-Term Rentals

U.S. Short-Term Rental Rate Sticker Shock Will Sting More in 2022

Short-term rental owners in locked-down countries undoubtably suffered or went out of business in 2021. But for many owners in the U.S., it was the best of times, and their revenue soared. One wakeup call — there may not be an adequate number of listings to meet demand.

Dennis Schaal | 2 years ago

U.S. Short-Term Rental Rate Sticker Shock Will Sting More in 2022

Business Travel

Global Hotel Rates Could Rise 4 Times Inflation in 2022: New Report

Companies shouldn't underestimate the knock-on effect of this year's labor crisis, and this new report is a timely heads-up to help them better manage their costs next year.

Matthew Parsons | 2 years ago

Global Hotel Rates Could Rise 4 Times Inflation in 2022: New Report

Business Travel

Computer Maker Dell Breaks From Conventional Methods of Booking Hotels — For Now

More companies are opting for dynamic and not static pricing because there's little risk of rates getting back to 2019's highs this year. Are airfares next?

Matthew Parsons, Skift | 2 years ago

Computer Maker Dell Breaks From Conventional Methods of Booking Hotels — For Now

Hotels

Why Price-Gouging at Luxury Hotels Could Backfire

There's a danger in the surging average daily rates as travel takes off: Luxury hotels don't have the staff or the ability to live up to inflated rates. This presents a long-term danger to carefully cultivated brands.

Colin Nagy, Skift | 2 years ago

Why Price-Gouging at Luxury Hotels Could Backfire