Hotel prices in cities across Asia dropped in 2011 because of a stuttering global economy, an oversupply of rooms and domestic crises, a survey released Thursday found.
This set covers December to February 2012, taken on the 4th week of November (all rates are in US dollars for two adults for a one-night stay).
This set covers December to February 2012, taken on the 4th week of November (all rates are in US dollars for two adults for a one-night stay).
The room demand is very, very strong. Room supply is not going to be an issue for the next couple of years, so I think pricing power should be back in the hotelier"s hands,” said Jan Freitag, VP of global development for STR.
While pricing can be a great strategic lever for service firms, simple non-tactical decreases in posted prices are bound to encourage competitive reaction and provide a classic illustration of the Prisoner’s Dilemma.
Hotel & Leisure Advisors has accumulated a database of more than 6,000 hotel sales since 2000. This article analyzes the average hotel sale prices per room for the major brands in the hotel industry.
Hotel & Leisure Advisors has accumulated a database of more than 6,000 hotel sales since 2000. This article analyzes the average hotel sale prices per room for the major brands in the hotel industry.
What are the main factors that increase your sales on the internet and how can you control them? Once you’ve mastered your occupancy what can you do to increase your revenues?
What are the main factors that increase your sales on the internet and how can you control them? Once you’ve mastered your occupancy what can you do to increase your revenues?
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