Memphis Vitality Hotel’s Post

🚨📊 Did you catch the latest article about the impact of Swifties on hotel performance? It’s fascinating to see how stadium tours from high-profile performers like #TaylorSwift are shaping the hospitality industry. Are these events becoming the new Super Bowl for hotels? 🏨✨ #Swifties #HotelIndustry #RevenueManagement #Hospitality #EconomicImpact Read the article here: https://bit.ly/4iz8QBw

Think Taylor Swift’s concerts had the biggest impact on Sydney’s hotel revenue? Think again. While her sold out shows drove a $36.4 million jump in hotel room revenue, Sydney Harbour’s NYE fireworks was a more lucrative event for the hotel industry with a $51 million increase 💥 🥳 Check out what other events were needle movers for Australian hotel demand in Sydney, Melbourne and Brisbane: https://cbre.co/41oDqY2 The report was created with insights from Ally McDade, Troy Craig, Michael Simpson, Peter Hamilton and Jack Mana.

Luxury experience is what guests are seeking in #hospitality #hotels Guests no longer want just a bed. The hotel concept launches as leisure travelers increasingly seek experiential trips, bolstering demand for luxury and lifestyle accommodations. https://lnkd.in/euyCWrhe

Using real-time data from more than a million hotels booked on Ramp cards this year, we have a unique look into how and why lodging prices fluctuate. And when it comes to the recent hotel prices in Canada, there can be no doubt: Taylor Swift's final tour dates have sent prices to the moon. Our data shows that the median Toronto hotel rate is $526.19 on concert nights, 122% higher than the 30-day median. Prices are even steeper in Vancouver, where hotel rooms rose 472%, for a whopping $1191.82 per night. Still, concert-goers seem willing to endure the expense—all 9 Canadian concerts sold out. Something tells us they'll shake it off. Enjoy some data: https://lnkd.in/eCkSiRvm

Investing in music is not just a nice to have. Its a tool that can help your business grab market attention, boost sales and create unforgettable experiences. Great job Virgin Hotels and Cliff Atkinson. What did investing in music do for your ocupancy rate/ MPI? If you want to create something similar in your hotels, check out Altaura #musicforbusiness #hospitality #atmospherealchemy #experiencedesign

🌟 Embracing Experiences: The New Wave in Hospitality 🌟 Just read an interesting piece in the Propel Info newsletter about the shift towards experiential venues in hospitality. 🍔🎉 I think especially since a certain global event that occurred a few years ago 🦠... there's been a change in the perception of value of memories over things. More and more, people are choosing destinations like The O2, not just for dining, but for the experiences they offer—whether it’s concerts, attractions, or simply quality time with loved ones. 🌟 #HospitalityInnovation #ExperientialVenues #CustomerExperience

Gratuity practices impact both guest satisfaction and performer relations. Whether you allow tipping or prefer alternative arrangements, MHW Live Music helps align your policies with your brand. Read more here: https://bit.ly/3ZLJ0kZ #hotel #hotels #hospitality

The End of an Era: How Taylor Swift's Historic Tour Transformed the #Hotel Industry As Taylor Swift's record-breaking Eras Tour concluded in Canada this past weekend, its impact on more than just the music world became undeniably clear. Over 149 shows across five continents, this tour grossed over $2 billion, and its ripple effects were felt deeply in the hotel industry. For many cities, hosting the Eras Tour was like hosting "a triple Super Bowl." 📈 Unprecedented Hotel Performance: Cities like Indianapolis, New Orleans, and Toronto saw hotel occupancy surge 85-95%. ADRs soared by over 100% in some markets, with a few properties reporting a 500% increase in food-and-beverage revenue. 🎉 Creative Hospitality Experiences: Hoteliers got creative to meet the demand and elevate the guest experience: Swift-themed brunches, cocktails, and singalongs. Lobby performances by Taylor Swift cover bands. Personalized notes and themed décor in guest rooms. 💡 The Legacy of the Eras Tour: This tour didn’t just fill stadiums; it redefined what global tours can mean for the hospitality industry. By strategically scheduling weekend-heavy shows and multiple nights per city, Swift created mini-residencies that supercharged local economies. Can this phenomenon be replicated? #Beyoncé, #Oasis, and #Coldplay are contenders, but only time will tell. One thing is certain: Taylor Swift set a gold standard for how music, travel, and hospitality can create a lasting symphony. #TaylorSwift #Hospitality #ErasTour #HotelIndustry #Innovation

Browse our list of new and upcoming #hotels across the state in our 2024 Virginia Meetings guide.

The hospitality industry in the US is proliferating, and Opera is ready to contribute to this development! In the second quarter of 2024, more than 6,000 hotel projects were under development in the U.S., marking a historic record for the industry. STR-CoStar Group data confirm this trend: in July 2024, 1,171 new hotel projects were under construction (up 10% from 2023), and more than 2,350 projects will begin in the next 12 months (up 5%). New planning is also up 13%. This expansion continues despite high interest rates in 2024. The recent rate cut has reinforced positive investor sentiment, with strong interest in upscale and upper/midscale projects (50% of new rooms). The luxury and midscale categories saw the greatest growth, +48.5%, and +34.5%, respectively. Discover how Opera can transform your project with innovative, high-quality solutions! #OperaByPivaGroup #MadeInItaly #HospitalityGrowth #LuxuryWindows