Manchised – hotel properties that are managed and franchised by the same company. Mark to Market – 1. A measure of the fair value of accounts that can change over time, such as assets and liabilities. Mark to market aims to provide a realistic appraisal of a company’s current financial situation. Problems can arise when the market-based […]
Industry Terms – The Letter M Read More »
STR: Preliminary November 2016 data for Abu Dhabi STR’s preliminary November 2016 performance data for Abu Dhabi shows that the market’s hotels reported a 3.1% occupancy decrease to 81%, an 11.1% ADR decrease to 660.14 Emirati dirham ($179.73) and a 13.8% RevPAR decline to 534.97 Emirati dirham ($145.65). Full Article Here STR: Asia/Pacific hotel performance
STR – Preliminary November 2016 Data Read More »
As the Revenue Journey continues the focus of the past articles now shifts to streamlining all the different elements by means of technology. Imagine having a tool that helps you set the right price for the right segment for the right channel for the right time with a simple click of a button. The main
The Revenue Journey Part #9 – Revenue Management Systems Read More »
What social media channels are you on and why have you selected them? I am currently active in Facebook and Instagram to easily connect with family and friends. For work related matters, I am connected to LinkedIn. Join Jerry on LinkedIn Here Describe Revenue Management in one word; Dynamic In terms of Industry, what do
Talent Review – Jerry V. Estrera – Cluster Director Of Revenue – Singapore Read More »
Joint Venture – The cooperation of two or more individuals or businesses—each agreeing to share profit, loss and control—in a specific enterprise. This is a way for companies to partner without having to merge. JVs typically are taxed as a partnership. Lifestyle Brands – Prescribed franchised products that are adapted to reflect current trends. Limited-Service Hotel – Also known
Industry Terms – The Letter J/K/L Read More »
The Revenue Journey #8 – Complete Revenue Management In the last article of the Revenue Journey I spoke about pricing and pricing strategies. I mentioned that setting your pricing is one part of complete revenue management. The second part, even more critical, is managing inventory. The revenue increases that can be achieved with getting your
The Revenue Journey Part #8 – Complete Revenue Management Read More »
Many discussions involving the acquisition of rooms always results in a negative connotation targeted at the Online Travel Agents, they are to expensive, they take to many of our rooms, the rate is to low – at TrevPAR World we feel that the correct partnership between the hotels and the OTA’s can create a win
Debunking OTA Myths – A Chat With Expedia Read More »
GOPPAR – Gross operating profit per available room. The metric measures performance across all revenue streams. Group Rooms – Group rooms are sold simultaneously in blocks of a minimum of ten rooms or more (e.g. group tours, domestic and international groups, association, convention and corporate groups). Hold Period – the timeframe that an investor owns a hotel; in
Industry Terms – The Letter G/H/I Read More »
At the end of each month we will do a review of all the different articles that we posted on TrevPAR World. If you missed any of the published articles for the month of November have a look below and make sure to catch up on the ones you may of missed, simply click on
It’s a Wrap – November Review Read More »
Revenue Management – Pricing Strategies After preparing the forecast it now needs to be put to use. The forecast is the basis for two of the most critical aspects of revenue management: determining the pricing strategy as well as the inventory management strategies. In this article I will discuss pricing strategies and next week I
The Revenue Journey Part #7 – Pricing Read More »
