Rate Parity: The Battle to Determine How You Buy Hotel Rooms - Chicago Tribune
Did you ever wonder why a hotel room search returns identical or near-identical results from all the online travel agencies (OTAs) and metasearch engines?
Internal and external factors affect hotel property value, and in turn, its property tax burden. In most cases, an experienced hotel appraiser, employing a proven appeal protocol, is needed to determine whether a property is unfairly assessed.
Hotels must acknowledge the full spectrum of ways the C2C economy is disrupting the hospitality industry. The quakes go much further than the stiffening competition for leisure travelers.
Hotel industry revenue levels topped an estimated US$176 billion in 2014, which is nearly US$14 billion more than 2013, according to STR Analytics 2015 Hotel Operating Statistics (HOST) Almanac. Total industry-wide house profit reached nearly US$66 billion, an increase of 12.8 percent when compared to 2013.
The majority of Canadians booking on mobile devices, more than four-fifths, made reservations at two- or three-star hotels. The data also showed that Canadian travellers are using their devices for all types of bookings, whether it's staying local, exploring Europe, backpacking in Asia or touring Latin America.