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Increase in Group Rates Drives Hotel Recovery

EventMB

markets for hotel group business compared to 2019. Skift Take: A new report points to the recovery of 13 of the top 25 U.S. Miguel Neves and Refugio Garcia Read the Complete Story On Skift Meetings

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Planners: Don’t Cry for Hotels

MeetingsNet

The latest hotel data finds that rate increases are more than making up for today's meetings market not yet being back to its pre-pandemic volume. cities in Q4 2023 was only about 93 percent of what it was in Q4 2019, group rates are nearly 14 percent higher now versus 2019. Across all U.S.

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10 Hotel Technology Trends for 2019 That Will Help Your Event

EventMB

Yet, making the right choice for the hotel that will host your guests has many crucial implications. The post 10 Hotel Technology Trends for 2019 That Will Help Your Event by Julius Solaris appeared first on [link]. RFP, security breaches, in-house AV. I know your head is already hurting. Events are not enough anymore.

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The Top 25 Beijing Hotels for Events in 2019

EventMB

We’ve compiled the best Beijing hotels for your conference, corporate meeting, private party, or special occasion. Ranging from luxury destinations to affordable hotels, discover the best the city has to offer. The post The Top 25 Beijing Hotels for Events in 2019 by EventMB Team appeared first on [link].

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Hotel Squeeze: Meetings-Focused Properties Expect Strong Demand in '24

MeetingsNet

From the wide view, the hotel industry should expect only a modest rise in demand (1.8 But from a narrower perspective—namely, looking at the hotels that accommodate the most business events—both demand growth and room-rate growth might well surpass those estimates. The result: Less negotiability for meetings.

Hotels 58
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Even with Staffing Issues, Hotels See Strong Rate Gains

MeetingsNet

February and March stats show guest-room rates considerably higher than the same period in 2019. Here’s an interesting conundrum: Hotel-room occupancy rates in the top 25 U.S. percent lower in February and March 2023 than in February and March 2019—but average daily rates were 14 to 20 percent higher in Q1 2023 versus Q1 2019.

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A Snapshot of 2023 Hotel Rates: Not Pretty

MeetingsNet

At that conference, he said that “the world is open again and there is a huge pent-up demand for our product, so I think [the hotel industry] can weather the slowing macro environment.” In that February 9 call, Nassetta noted that Hilton’s overall occupancy rate for 2022 was 69 percent, compared to 76 percent in 2019.

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