Average daily rate

Monarch Casino & Resort Reports Record First Quarter 2024 Financial Results

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星期三, 四月 17, 2024

Capital, F&B, Hand, Average daily rate, Capital expenditure, Public expenditure, Food, EPS, Advertising

We are on track to bring into operation another 125 redesigned and upgraded rooms by the end of the second quarter in 2024.

Key Points:

We are on track to bring into operation another 125 redesigned and upgraded rooms by the end of the second quarter in 2024.
Income from operations for the first quarter of 2024 increased 2.8% compared to the same period last year.
On March 15, 2024, the Company paid a cash dividend of $0.30 per share to its stockholders of record on March 1, 2024.
The dividend is payable on June 15, 2024, to stockholders of record on June 1, 2024.

Unlocking the Future of Real Estate Investment: An In-Depth Look at HOTTEL's Multi-Layered Ecosystem

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星期四, 十月 26, 2023

Concept, ADR, Acquisition, PCM, Pip, BAFM, City, Average daily rate, COVID-19, Ecosystem, Roomzzz Aparthotels, Tradability, Investment, Cryptocurrency, Asset management, Hotel

Ownership in Digital Commercial Real Estate Portfolio: Investors holding HOTTEL tokens essentially have a stake in a digitalized commercial real estate portfolio that spans across various sectors like hospitality, residential, and senior living.

Key Points:

Ownership in Digital Commercial Real Estate Portfolio: Investors holding HOTTEL tokens essentially have a stake in a digitalized commercial real estate portfolio that spans across various sectors like hospitality, residential, and senior living.
Future Usability: The token is designed to be future-proofed and will be usable as a spendable currency at a later stage.
Management Expertise: HOTTEL tokens are backed by a globally recognized team and partnered with specialist management companies for operational expertise in the real estate sectors they invest in.
So, the HOTTEL project ecosystem is multi-layered, involving the acquisition, management, and redevelopment of a diverse array of real estate assets.

Upgraded Points' Newest Data Study Identifies the Cost of Parking vs. Ubering at Airports Across the U.S.

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星期一, 十月 9, 2023

Transport, Travel, Point, Most, Airport, LAX, Average daily rate, San Diego International Airport, SAN, Airline, Ridesharing, Hotel

AUSTIN, Texas, Oct. 9, 2023 /PRNewswire/ -- Every traveler faces the same conundrum: drive to the airport and pay for parking or hail an Uber and avoid the fees? Upgraded Points breaks down the most affordable and priciest parking at 50 of the nation's busiest airports and directly compares the costs associated with both transportation choices, resulting in clear indications on the most cost effective way to get to each airport as the holiday season approaches.

Key Points:

Airports Helps Travelers Determine the Most Cost-Effective Transport to the Terminal: San Diego International Airport (SAN) Named Most Expensive Daily Rate for Economy Parking ($38) — Travelers Save $82.12 by Ubering.
"With travel budgets often stretched to the limit, even the cost of airport parking can be a significant concern," said Alex Miller, Upgraded Points founder.
To determine the cost of parking at major U.S. airports, Upgraded Points analyzed the "economy" or equivalent parking option cost data from the websites of the 50 busiest airports in the country.
Parking (Price Difference):
"It was surprising to learn that higher-rated parking facilities don't always equate to steeper long-term costs," said Alex Miller.

Bahamas Experiencing Explosive Growth in Visitor Arrival Numbers

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星期三, 九月 6, 2023

July year-to-date overall arrivals are pacing 59 percent ahead of 2022 and 30 percent ahead of 2019, the busiest year on record.

Key Points:

July year-to-date overall arrivals are pacing 59 percent ahead of 2022 and 30 percent ahead of 2019, the busiest year on record.
Comparing 2023 overall arrivals by month, March arrivals peaked at 951,311, making it the busiest arrivals month in our history.
Overall Air stopover arrivals, that represent "heads in beds", surpassed same period 2022 numbers by 24 percent, and matched 2019 figures.
"We are experiencing explosive growth in tourism that can no longer be explained by pent up post-pandemic demand," the Minister said.

Hersha Hospitality Trust Announces Second Quarter 2023 Results

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星期三, 八月 2, 2023

Net income applicable to common shareholders was approximately $1.7 million, or $0.04 per diluted common share, in the second quarter 2023, compared to net income applicable to common shareholders of approximately $2.4 million, or $0.06 per diluted common share, in the second quarter 2022.

Key Points:

Net income applicable to common shareholders was approximately $1.7 million, or $0.04 per diluted common share, in the second quarter 2023, compared to net income applicable to common shareholders of approximately $2.4 million, or $0.06 per diluted common share, in the second quarter 2022.
Our core urban markets generated $22.5 million of EBITDA in the second quarter, 67% of our portfolio’s production, up from 18% in the first quarter.
In Philadelphia, the Westin generated $2.6 million in EBITDA, the second highest in the portfolio for the second quarter despite the impact of renovation activity during the quarter.
The Company also paid a cash dividend of $0.05 per common share and per limited partnership unit for the second quarter ended June 30, 2023.

Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2022 Results

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星期三, 二月 15, 2023

Restaurant, ADR, Hand, RevPAR, Hilton Garden Inn Kampala, Travel, GAAP, Average daily rate, Cadillac, Growth, FFO, Video game, EBITDA

AFFO per share also factors in additional shares accrued in the fourth quarter for incentive-based equity compensation.

Key Points:

AFFO per share also factors in additional shares accrued in the fourth quarter for incentive-based equity compensation.
Mr. Neil H. Shah, Hersha’s Chief Executive Officer, stated, “Our comparable portfolio exceeded our 2019 RevPAR and EBITDA production in every month of the fourth quarter.
Our core urban markets generated 63% of our portfolio’ s EBITDA production in the fourth quarter, a similar composition to the third quarter and up from 14% in the first quarter.
Fourth quarter RevPAR for the urban portfolio was on par with 2019 driven by just under 20% ADR growth.

Dominica's Secret Bay pays out $1 Million in returns to CBI Investors and crosses 100+ Investor Threshold

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星期五, 九月 30, 2022

The globally-recognised CBI project, which is part of award-winning resort Secret Bay, just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022.

Key Points:

The globally-recognised CBI project, which is part of award-winning resort Secret Bay, just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022.
During this period, The Residences at Secret Bay outperformed expectations related to CBI investor growth, return on investment payout, total sales, ADR, occupancy rate, and resort employee growth.
Between Q2 of 2021 and Q2 of 2022, The Residences at Secret Bay grew from 41 investors to 103 a 151% increase.
Dominica being the best kept secret in the Caribbean stands to allure this market making Secret Bay more attractive for investors.

Monarch Casino & Resort Reports Record Second Quarter Financial Results

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星期三, 七月 20, 2022

John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: Monarchs solid second quarter results reflect our strong market position in both Reno and Black Hawk.

Key Points:

John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: Monarchs solid second quarter results reflect our strong market position in both Reno and Black Hawk.
In the 2022 second quarter, we generated net revenue of $115.3 million, an increase of 18.0% from $97.7 million in the prior-year quarter.
We expensed $0.7 million of interest in the second quarter of 2022 compared to $1.3 million in the second quarter of 2021.
About Monarch Casino & Resort, Inc.
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa (Atlantis), a hotel/casino facility in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk (Monarch Black Hawk) in Black Hawk, Colorado, approximately 40 miles west of Denver.

Revenue Analytics Announces Seven Feature Improvements to N2Pricing RMS

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星期三, 七月 6, 2022

Officials of Revenue Analytics, a former custom software provider that now delivers enterprise revenue management products to the hospitality, media, passenger rail and manufacturing/distribution industries, announced seven feature improvements to its N2Pricing RMS for hoteliers.

Key Points:

Officials of Revenue Analytics, a former custom software provider that now delivers enterprise revenue management products to the hospitality, media, passenger rail and manufacturing/distribution industries, announced seven feature improvements to its N2Pricing RMS for hoteliers.
With profit optimization at its core, N2Pricing is the modern solution for today's revenue management team.
Having written the book on the topic, Revenue Analytics has been at the forefront of revenue management since my father created the concept some 35 years ago, said Dax Cross, CEO, Revenue Analytics.
The new feature updates include:
Multi-Property Workflow: Todays revenue managers handle portfolios with 5, 10, 15+ hotels and are under-served by the legacy RMS model that was built for 1-property DORMs.

Near Provides Greater Palm Springs Precise Insights on Global Visitor Patterns as Travel Recovers to Pre-Pandemic Levels

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星期四, 六月 30, 2022

PASADENA, Calif., June 30, 2022 /PRNewswire/ -- As travel rebounds to pre-pandemic levels, Near, a global SaaS leader in privacy-led data intelligence on people, places, and products, is working with Greater Palm Springs to provide insights into where both its domestic and international travelers are coming from to help it understand its business better, make smarter resource decisions, and to better leverage the recovery in tourism in the wake of COVID-19. To assist in this effort, Near is providing Greater Palm Springs its Tourism Dashboard and Origin Market Length of Stay datasets, which are created specifically for analyzing the tourism market, both internally for the company, as well as for sharing with its industry partners.

Key Points:

Greater Palm Springs attracts over 14 million visitors annually, with 6.4 million of those visitors staying overnight.
Everyone at Near has always been responsive and easy to work with while also accommodating all our requests," said Gary Orfield, Director of Tourism Development, at Greater Palm Springs.
Thanks in part to these recommendations, Palm Springs International Airport has set ten monthly records since June 2022.
"Near is empowering Greater Palm Springs with the data and insights it needs to make strategic business decisions that will help increase its ROI and the overall tourist experience," said Anil Mathews, Founder, and CEO at Near.