Derek Martin

TrevPAR World announced as a winner at SiteMinder’s Partner of the Year Awards 2023

TrevPAR World is thrilled to announce that it’s a winning entry at SiteMinder’s Partner of the Year Awards: 2023. Established to celebrate the contributions of the best hospitality businesses and individuals, SiteMinder’s awards are an annual recognition of all the hard and innovative work being done within the industry. With a focus on showcasing the […]

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September 2023 – SA Review – South African Occupancy down on 2019 despite higher room revenues achieved.

In September 2023, South African accommodations closed on an average occupancy of 64.60% which is 3.45% less than the occupancy of 68.1% achieved in 2019. The September 2023 occupancy grew from 60.30% in 2022 to 64.6% in 2023, despite the year-on-year growth the country wide occupancy is still below pre covid levels. The average rate

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TrevPAR World announced as finalist at SiteMinder’s Partner of the Year Awards 2023

TrevPAR World is thrilled to announce that it’s been chosen as a finalist at SiteMinder’s Partner of the Year Awards: 2023. Established to celebrate the contributions of the best hospitality businesses and individuals, SiteMinder’s awards are an annual recognition of all the hard and innovative work being done within the industry. With a focus on

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Shorter Lead Times, Longer Stays Drives September Reservation Trends in South Africa

In September 2023, we analysed a sample size of 18 770 room nights booked into South Africa across 7360 individual reservations and the key differences when compared to the reservations made in August is that the lead times in South Africa decreased from 46.6 days in advance to 36.95 days in advance. The shorter lead time

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August 2023 – SA Review – how is South Africa doing?

In August 2023, South Africa witnessed a remarkable growth in hotel performance, marking a significant 7.58% increase in occupancy compared to the previous year. What’s even more encouraging is that this growth in occupancy was accompanied by a noteworthy rise in the average daily rate, with an increase of R180.57 from 2022. The average rate

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July 2023 – SA Review – how is South Africa doing?

South African Accommodation Industry Shows Promising Growth in July 2023. July 2023 continued the growth trend when comparing to July 2022, based on the STR report South African Overview Report the combined accommodations occupancy for July was 60.3% which is a year-on-year increase of 7.45% when comparing to that of July 2022. This surge in

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TrevPAR World Group Announces Expansion into Australasia Market

Sydney Australia – 8 August 2023 – TrevPAR World Group Holdings, a leading data analytics company specializing in data-driven total revenue management for the hospitality industry, is thrilled to announce its expansion into the Australasia market. With its proven track record and expertise, TrevPAR World Group will now provide its innovative services and solutions to

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Total Revenue Generation – Maximise Your Segmentation to Maximise Your Business

Within the hotel industry the topic of discussion has always been how do we maximize our room revenue each month as this also heavily impacts the total revenue your hotel is able to generate. We are now nearly halfway through 2023 and the demand for hotels has settled back to what it was before 2020.

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