revenue growth
Herbert Park Hotel and Park Residence Increases Direct Bookings and Revenue With P3 Custom Booking Engine
P3 Hotel Software | October 29, 2024
P3's customizable booking engine boosted the luxury hotel’s revenue by 47% and reduced reliance on Online Travel Agencies. October 29 2024 — Dublin & Denver — P3 Hotel Software, a leading innovator in hotel booking solutions, has announced that Herbert Park Hotel and Park Residence, a renowned four-star boutique in the heart of Dublin, has achieved significant boosts in revenue and direct bookings by implementing P3's Custom Booking Engine. The hotel has seen a 47% increase in booking engine revenue within the first 11 months of using P3's system, alongside improving its operational efficiency and guest experience. The shift h...
Will 2024 Go Up, Down or Sideways for Hoteliers?
Robert Rauch | March 6, 2024
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Agilysys Fiscal 2023 Third Quarter Revenue Rises 26.5% to Record $49.9M
Agilysys | January 25, 2023
Includes Recurring Revenue of $30.2M and Subscription Revenue Growth of 28.8% Quarter Positive Adjusted EBITDA of $8.1M and GAAP EPS of $0.13 Per Share Raises Fiscal 2023 Annual Revenue Guidance to $195M to $198M; Reiterates Greater Than 15% Adjusted EBITDA ALPHARETTA, GA – January 25, 2023 - Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today reported operating results for its fiscal 2023 third quarter and period ended December 31, 2022. Summary of Fiscal 2023 Third Quarter Financial Results • Total net revenue increased 26.5% to a record $49.9 m...
UpStay Continues Global Growth Momentum With Expansion Into North American Hospitality Market
UpStay | April 19, 2022
Leading provider of advanced upselling technology to unlock new revenue streams for North American hoteliers with industry’s first risk-free yield enhancement platform. TEL AVIV, ISRAEL & NEW YORK, APRIL 19, 2022, — UpStay, a leading provider of advanced ancillary upselling technology solutions for the hotel industry, today announced the expansion of its global operations to serve the revenue growth and experience-enhancing needs of hoteliers throughout the North American market. Benefitting from a leading presence in several international markets, UpStay’s entry into North America follows an aggressive company growth strategy t...
PROVision Partners Welcomes Trevor Warner as Senior Advisor
PROVision Partners | July 19, 2021
New Smyrna Beach, Florida — July 19, 2021 — PROVision Partners (“PROVision”), a leading global strategic growth, marketing, technology, and commercial services advisory firm to the travel and hospitality industry, announces the appointment of Trevor Warner as a Senior Advisor. Warner is the founder and President of Warner Consulting Group, a leading IT asset management company in the hospitality industry. With over 20 years of experience in hospitality technology consulting, Warner’s expertise has aided hotel brands in making informed technological decisions that ultimately deliver stronger operational and financial impacts. He i...
GOPPAR Bounces Back, But Cost Concerns Remain at U.S. Hotels
HotStats | July 3, 2019
After a negative turn in April, profit per room at U.S. hotels bounced back in May, increasing by 2.0% year-over-year, buoyed by growth across all revenue centers, according to the latest data from HotStats. GOPPAR was recorded at $112.80 in May, and while this was 4.7% above the year-to-date GOPPAR figure at $107.73, it was almost $6 below the profit level in April at $118.51. This was a function of demand, albeit a significant acceleration in costs was recorded in May, including a 4.7% YOY increase in payroll to $97.49, on a per-available-room basis. It was a positive month of revenue growth across all departments, with YOY revenue...
Vacation Season Has Begun and Your Hotel Can Rake in the Revenue
Joseph Zarrahy | May 4, 2017
by Joseph Zarrahy Spring has sprung and summer is nearly here! What does that mean? It's officially vacation season. This can be an abundant time for your hotel, as long as you know how to maximize on the tourist season. What is one thing nearly all spring and summer travelers are looking forward to? Experiencing the local culture of wherever they're visiting! People travel to new places to experience something different from that of which they're familiar. Whether it's through visiting local attractions, tasting different cuisines, or gazing at a new landscape, the key concept is new and different. How does this affect your hotel? To a...
