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Monday, June 29, 2015

How profitable will RevPAR growth be in 2015?

Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations and in 2015, there are several factors that will enhance the ability of hotel managers to control their operating expenses.

According to Moody’s Analytics, the pace of inflation is forecast to be a mere 0.6 percent. This will help curb the growth in the cost of the goods and services purchased by hotels, including utilities.  In the March 2015 edition of Hotel Horizons®, PKF Hospitality Research (PKF-HR), a CBRE Company, is forecasting occupancy to increase by 1.9 percent in 2015. This is less than that 3.6 percent pace of occupancy growth reported STR, Inc. in 2014. A deceleration in the increase of occupied rooms leads to a slowdown in the growth of variable expenses.  While the national unemployment rate is declining, wage rates are still projected to grow at a relatively modest pace. Read More »

Tuesday, June 23, 2015

French parliament kills rate parity, and Booking predicts hotel price war

On Thursday, the French National Assembly moved to cancel rate parity clauses in contracts between hotels and online travel agencies (OTAs). Violators will be fined up to Euro 150,000. The next step is for a council minister to fix the practical details and for the regulation to go into effect. That may take months.  Read More »

Thursday, April 23, 2015

Booking.com to abandon rate parity in Europe

Today Booking.com announced its support of recent decisions by the National Competition Authorities in France, Italy and Sweden to accept amendments to Booking.com's parity commitments in respect of hotels located in those countries. Read More »

Monday, March 02, 2015

Navarino Services attending ITB in Berlin This week

Navarino Services will be attending ITB in Berlin this week,  Wednesday 4th to Thursday 5th March.

If you or your colleagues are attending and would like to meet for a chat, please email us on sales@navarinoservices.com. Read More »

Thursday, January 22, 2015

Legal moves in Germany, alongside more stuttering developments in France, Italy, Sweden and the United Kingdom, have revenue managers taking another look at distribution strategies

GLOBAL REPORT—Recent European legislation to amend rate-parity clauses in online travel agency contracts has hoteliers believing soon they will be in control of room inventories and yielding final availability.

Legal moves in Germany, alongside more stuttering developments in France, Italy, Sweden and the United Kingdom, have revenue managers taking another look at distribution strategies.

- See more at: http://www.hotelnewsnow.com/article/15102 Read More »