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RevPAR
68% of APAC travellers would increase their hotel spending for personalised experiences: Agilysys
The survey of over 1,000 travellers from Australia, Hong Kong, New Zealand, and Singapore unveils critical insights into guest preferences and spending habits, highlighting substantial opportunities for revenue growth in the hospitality sector.
Hospitality must “abandon dependence on RevPAR and occupancy metrics” to thrive
Beonprice – one of the world’s hotel revenue management providers – has set out on a mission to persuade the hospitality industry to “abandon the dependence on RevPAR and occupancy rates metrics” and adopt “total sustainable profitability” opportunities to thrive in a post-COVID world.
Middle East hotel figures slump in 2015
Hotels in the Middle East reported negative year-end 2015 results, while hotels in Africa recorded mostly positive results in the three key performance metrics, according to data from STR Global. Compared with 2014, the Middle East witnessed a 2% decrease in occupancy to 67.4%. Average daily rate for the year was down 2.6% to US […]
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