Tag Archives: revenue

Doing more with less – The essentiality of automated revenue management

Doing more with less – The essentiality of automated revenue management

Tracy Dong, senior advisor, APAC for IDeaS Income Options Resorts are heading into finances season at a troublesome time for the business. The pandemic-driven downturn has slashed revenues and imposed important monetary ache, forcing many inns to deal with price management. Because of this, particular person properties and teams are operating lean, with smaller operational […]

Countries with biggest tourism revenue losses due to COVID-19 named

Countries with biggest tourism revenue losses due to COVID-19 named

Journey trade specialists have regarded into the most important income loss and the very best share of GDP misplaced per nation to disclose which nations have been financially impacted essentially the most by the lack of tourism attributable to COVID-19. Journey and tourism has been one of many principal industries to be gravely affected by […]

Qantas takes US$2.8 billion H2 2020 revenue hit

Qantas takes US$2.8 billion H2 2020 revenue hit

In an announcement to shareholders immediately, Australia’s nationwide flag provider Qantas reported a US$2.8 billion income loss for the second half of the 2020 monetary 12 months. Airline blamed the income hit on the crippling results of the COVID-19 pandemic. Qantas posted an US$89 million pre-tax revenue for the 12 months ending June 30, 2020, […]

Global tourism lost $195 billion in revenue due to COVID-19 pandemic

Global tourism lost $195 billion in revenue due to COVID-19 pandemic

Journey specialists have seemed into the largest income losses and highest share of GDP misplaced per nation to disclose which international locations have seen the best monetary influence on account of the lack of tourism brought on by COVID-19. Journey and tourism has been one of many most important industries to be gravely affected by […]

Hawaii hotels report substantially lower revenue and occupancy

Hawaii hotels report substantially lower revenue and occupancy

In August 2020, Hawaii hotels statewide continued to report substantially lower revenue per available room (RevPAR), average daily rate (ADR), and occupancy compared to the previous August due to the COVID-19 pandemic. According to the Hawaii Hotel Performance Report published by the Hawaii Tourism Authority’s (HTA) Tourism Research Division, statewide RevPAR declined to $34 (-85.9%), […]

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