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Topic - Cayuga Hospitality Consultants

U.S. Hotel Industry Outlook
Top 5 Hotel & Lodging Market Trend Predictions

Top 5 Hotel & Lodging Market Trend Predictions - By Sean Skellie

Current trends indicate that the industry is reporting a decline in many markets for leisure travel (Thursday - Saturday as many consumers are getting out priced in the market), while group travel remains strong; with a slight increase in corporate bookings (Monday - Wednesday travel). The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Ancillary Revenues
Retailing for Success in 2024: Beyond the Hotel Room to Increase Bottom Line with Retail - By Mandy Murry

Retailing for Success in 2024: Beyond the Hotel Room to Increase Bottom Line with Retail - By Mandy Murry

RevPar is no longer only tied to room revenue at your property - it's the total square footage. This is not groundbreaking news, but ask yourself this question. What are you doing to drive revenue separately from your room rate strategy? It is time to invest energy into thinking beyond the room and amenity packages that will lead you to discover ways to drive revenue beyond nightly stay and food and beverage.

Hotel Social Media Trends
Navigating Hotel Social Media Trends in 2024 - By Debbie Miller

Navigating Hotel Social Media Trends in 2024 - By Debbie Miller

In the fast-paced world of hospitality, staying ahead of the curve is crucial for success. As we step into 2024, the landscape of social media for hotels continues to evolve, presenting both challenges and opportunities. Let's explore some of the emerging trends hotel professionals need to embrace to enhance their online presence, engage with guests, and ultimately drive bookings.