This article is adapted from The 2019 Smart Decision Guide to Hotel Property Management Systems, which is now available for complimentary download.
Jeddah's hotel demand outpaced supply in March, according to preliminary monthly data from STR.
Theres a popular saying that reads, 'prepare and prevent, dont repair and repent.' This seemingly simple sentiment hints at a universally understood and applied concept be pro-active, rather than reactive. Now, lets put this theory to work.
According to STR, U.S. hotels achieved all-time high levels of occupancy, ADR, and RevPAR in 2018. While a record number of guests are staying at hotels, and revenues are flowing in, the ability to collect these funds is starting to become more of a challenge.