hotel pricing
Colorado: Aspen 2nd Priciest President’s Day Destination in the US, Survey Reveals
Cheaphotels.org | February 16, 2024
DENVER, Feb. 16, 2024 -- The Colorado ski resort town of Aspen is the second most expensive destination in the US for overnight stays on President's Day weekend this year, according to a survey by Cheaphotels.org. The survey compared hotel rates in destinations across America for February 16-19 – the dates for this year's Presidents Day weekend. Only well-located hotels rated at least 3 stars were considered for the survey. In Aspen, situated in Colorado's Rocky Mountains, travelers will have to spend $674 per night for the most affordable double room, the survey shows. The only destination with a higher minimum rate is Wailea...
When is the Right Time to Re-think Your Hotel’s Business Model?
Ahmed Mahmoud | March 25, 2015
By Ahmed Mahmoud Nowadays many hoteliers are stuck in a commodity mindset, as they find it very difficult to come up with new ways to increase hotel revenue without losing guest satisfaction. You hear them saying things like, "All customers want is the lowest price." or "This is a mature market." or "Our owners need higher revenue no matter how." Whether you're a small independent hotel, a startup, or a large multinational hotel chain, it's easy to adopt the prevailing assumptions. Often they're industry assumptions. Sometimes they are company assumptions ("we don't have the capability to pull that off"). And sometimes, they are person...
Cornell Study Supports Strategic Price Positioning in European Hotels
The Center for Hospitality Research | March 10, 2015
Ithaca, NY, March 10, 2015 - A ten-year study of pricing and revenues in over 4,000 European hotels finds that pricing strategy drives revenue, when hotels are compared to their competitive set. The study, published by the Center for Hospitality Research (CHR), found that hotels that maintained average daily room rates (ADR) somewhat higher than the hotels in their competitive set recorded consistently higher revenue per available room (RevPAR), again compared with their competitor hotels. The study, "Competitive Hotel Pricing in Europe: An Exploration of Strategic Positioning," by Cathy Enz, Linda Canina, and Jean-Pierre van der Rest, ...
