first REVPAR targets for June have been achieved already ... nice work team !
Wow! Visiting the latest addition to our hotel portfolio last week, I could not help it but to notice I was truly impressed by the dedication of its owners to deliver excellent guest service. They have true hoteliers blood running through their veins. Let me share this inspiring story of genuine Scottish Hospitality with you.
Xotels continues to grow adding innovative hotel concepts to our portfolio. So we are once again looking to fill vacancies with new talent to join our team of hotel revenue management and distribution experts. Are you looking for a new challenge in hotel yield? Want to live and work in Barcelona?
Last year we have been blogging away again trying to bring you some interesting ideas and alternative perspectives to the hotel industry. Looking back we have had a record year with our hotel blog. Some of the articles created great online discussions and debates, it was quite an interactive year. We also reached an all time record high with hits on our blog. Find out what was our top 10 most read hotel blog posts in 2012.
Over the last few months Xotels has uncovered hidden revenue potential for the Design Hotel Secret the Paris. Within 6 months of taking on the revenue management strategies for this unique boutique hotel, results have increased with more than 10%. This great success story demonstrates the importance of excellent guest service and online reputation for revenue management.
Traditionally hotel asset management has been focused on operations and cost control. Over the last few years we have seen a clear shift in revenue management getting a more prominent role. Profitability is not only a result of cost control but also revenue generation. Finally we also see sales and marketing become a key area for the by hotel asset manager.
Banks and governments might be struggling, but travel is surely on the rise in Europe. Regardless of the economical struggles in the financial market over the last few months, the European hotel industry is showing strong signals and results. Xotels reports 9,8% RevPar growth in Q2 for its independent hotel portfolio. And heading into the summer months the promising performance continues to hold.
The independent hotel portfolio of Xotels reports strong REVPAR results for the first quarter of 2012. Both January and March showd growth across the board, where February more or less flat vs. 2011. The forecast for Q2 2012 is very promising and looks to bring us record revenues.