Revenue Hub

MARCH 27, 2023

In 2019, China was the tourism market of the moment. NB: This is an article from Net Affinity Chinese tourists made up 220 billion in tourism revenue, (which was 20% of global tourism spend). Covid naturally undermined tourism demand. In travelling perhaps less often, but more mindfully?

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Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Hotel Business

NOVEMBER 29, 2023

domestic travel demand entered the fourth quarter on a slow note in October, continuing a pullback seen in September. In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 year-over-year increase in Thanksgiving holiday travel set the stage for a potential bright spot within November.”

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Hotel Owner

MAY 16, 2024

Edinburgh has been awarded the top position in Colliers’ annual UK Hotel Market Index (UKHMI) due to its strong performance in both occupancy and average daily room rate (ADR) during 2023. Our Index is formulated in such a way that high land and construction costs and sluggish hotel market growth are penalised.

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Revenue Hub

OCTOBER 21, 2022

The travel sector in Europe is slowly but surely showing signs of recovery in the post-pandemic with Istanbul, Lisbon, and Madrid showing strong results. Travel recovery across Europe is set to continue in Q4 despite all the doom and gloom in the news about inflation, recession, oil prices and the war in Ukraine. And the best news?

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Hotel Owner

JUNE 14, 2023

In fact, confidence levels for the UK’s inbound tourism industry are at their highest for the past three years , providing a much needed silver lining to the hospitality industry, as well as renewed optimism for those businesses after a tough winter of exorbitant energy bills.

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SiteMinder

FEBRUARY 28, 2023

Many parts of the world are excited about the prospect of travellers from mainland China returning to their shores but, while your hotel can certainly benefit from the opportunity, there are no simple answers when it comes to planning and preparing for this. It also allowed citizens to travel during the Lunar New Year celebrations.

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Hospitality Net

APRIL 11, 2024

Before the Covid pandemic disrupted global travel, China was well established as the biggest tourism source market in the world, with an accumulated 155 million outbound trips and a spend of USD 250 billion in 2019. No other market even came close. Sometimes both.

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Hotel Business

AUGUST 29, 2023

travelers, the number of U.S. households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, Americans are seemingly ‘hard coded’ to travel, to move, to explore and to reconnect,” said Chris Kam, president/COO, Omnitrak. “As index levels.

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Hotel Business

JANUARY 25, 2024

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.

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Hospitality Net

JUNE 26, 2023

Renowned for its breathtaking beaches, vast landscapes, fascinating wildlife and cosmopolitan cities, Australia is a gem of the Asia-Pacific (APAC) tourism market and a dream destination for travelers around the globe. A land down under Australia occupies a special place in the hearts and minds of travelers.

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Hotel Owner

AUGUST 7, 2023

Despite the cost-of-living crisis and economic uncertainty, the international hospitality and tourism industry is experiencing a surge in bookings as the summer season reaches its peak. An estimated 235 million tourists travelled internationally in the first three months of this year, more than double those in the same period of 2022.

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InnQuest

AUGUST 24, 2022

Searching for popular market trends to promote your hospitality business? Here’s a detailed breakdown of the importance of bleisure travel for hotels and how to attract more bleisure travellers to quadruple your business profitability. . Undoubtedly, bleisure travel has shot up the travel industry charts as a viral trend.

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SiteMinder

NOVEMBER 30, 2023

What are travel statistics? Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Some highlights include: Air travel passengers are expected to reach 9.4

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Revenue Hub

JUNE 28, 2023

The recovery of business travel and the evolution of bleisure travel globally highlights the importance of adapting to changing travel trends. This adaptability allows hotels to stay relevant and appeal to the evolving preferences of modern travelers. There have been regional gains across the board.

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Hotel Business

MARCH 1, 2024

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% through the first eleven months of 2023, performance has begun to normalize as some leisure travel contracts. Driven by strong international and intraregional travel, EMEA leads all regions in RevPAR growth relative to 2019.

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Travel and Tourism Marketing 64

InnQuest

MARCH 23, 2023

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. Industry performance soared during Q1 and Q2 of 2022 due to the relaxing of travel restrictions.

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Revenue Hub

MARCH 3, 2023

The first thing to remember is that, just like for travellers from all over the world, there is no one-size-fits-all approach to attracting guests from China. Subscribe to our weekly newsletter and stay up to date On top of that, there has always been diverse incomes, budgets, ages, hometowns, interests, and travel motivations.

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Revenue Hub

OCTOBER 6, 2022

Valued at $720 billion in 2019, wellness tourism’s economy is transforming nearly every aspect of travel. As we emerge from the pandemic, the Global Wellness Institute predicts an explosive annual growth of +21% in wellness tourism. In need of a little reminder of what wellness tourism is? Comwell Borupgaard.

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Hotel Owner

OCTOBER 12, 2022

According to the group, a combination of higher average rates and a 20% increase in average length of stay globally from January to September versus the same period in 2021, driven by pent-up demand for leisure travel, contributed to the results.

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Revenue Hub

MARCH 3, 2023

Hotel prices in key American leisure destinations soar, while hoteliers in markets more reliant on business travel and long-distance international tourism are facing tougher times. We will broadly split these into more ‘commercial-focused cities’ and ‘consumer tourism focused cities’ for this analysis.

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Pricing Travel and Tourism Article Marketing 84

STAAH

JULY 25, 2023

There was a staggering 131% increase in digital nomads from the US when compared to pre-pandemic 2019. Digital nomads generally combine remote work and travel for various reasons and lengths of time. Obviously they love travel, but here are a few things you need to know about these travellers. Who are digital nomads?

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Revenue Hub

JULY 10, 2023

Consumer spending on travel has shown remarkable resilience, as people eagerly plan vacations to popular destinations around the world. When accounting for inflation, North American properties have comfortably exceeded their 2019 pricing levels, thanks to robust consumer spending on services.

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Travel and Tourism Pricing Article Accounting 84

Boutique Hotel News

DECEMBER 13, 2022

Founded in late 2019, Wynwood House describes itself as a hybrid between “the comfort of travelling to a friend’s house and a five-star hotel”, and it now manages more than 850 leased units under its brand in Peru, Colombia, Mexico and Panama. .

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SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Reservations Book Travel and Tourism Marketing 52

Revenue Hub

JANUARY 17, 2023

If you were hoping for certainty in 2023 after years of turbulence across the travel and hospitality industry, then you’re probably going to be disappointed. Well, it’s a surprisingly positive one for the travel consumer and industry. High inflation and its impact on consumer travel spending. The outlook?

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Travel and Tourism Pricing Article Marketing 84

SiteMinder

FEBRUARY 9, 2023

Sydney, Australia – Newly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8.

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SiteMinder

NOVEMBER 6, 2023

The partnership sees easyJet holidays integrated into SiteMinder’s platform, so listed hotels can offer dynamic room rates to travellers and make their full inventory bookable. SiteMinder data shows that hotel bookings in various pockets of Europe are now above 2019 levels, including in the UK, Spain, Portugal and Italy.

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Revenue Hub

DECEMBER 14, 2022

Many hoteliers worry about how the economy will develop in 2023 and how this will affect travel and tourism. However, they also see a strong trend of revenge travel which means people will continue to travel. Most likely in different volumes, but with increasing prices, the total spending will be the same as in 2019.

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Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Domestic tourism is still going strong.

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Hotel Owner

SEPTEMBER 19, 2023

Despite the challenges posed by higher transport costs, long airport queues and Europe-wide strikes, 2023 has so far delivered a bumper year for the British travel industry. Throughout the summer months, hotels in particular reaped the rewards of this return to tourism and enjoyed the benefits of a growing body of eager guests.

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SiteMinder

FEBRUARY 25, 2024

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. Chinese travellers took 40 million outbound trips in the first half of 2023 – lower than 155 million outbound trips in 2019 , but more than the near-zero trips during the country’s extensive COVID lockdown.

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Hotel Business

FEBRUARY 14, 2023

Global travel technology company OYO’s U.S. operations outpaced the budget hotel segment’s growth in RevPAR with an 18% rise in 2022 versus 2019. OYO has seen significant growth in its priority markets of Miami, Houston and Phoenix, where it has sizable concentration of hotels, the company reports. according to STR reports.

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Hotel Owner

FEBRUARY 8, 2023

Across the UK, operators also saw significant growth, with the industry reaching peak RevPAR (Revenue Per Available Room) of upwards of 10% and 15% against 2019. The UK is also starting to see a more diversified market emerge, with changing consumer behaviours impacting the locations they are opting to visit.

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SiteMinder

NOVEMBER 14, 2022

Although the impacts of the COVID-19 pandemic on the tourism industry were harsh, there remained a great opportunity for Siri Village Chiang Mai to start a hotel business for the first time. In 2019, we bought an old house of Chao Phraya that is over 100 years old and developed it into a coffee shop and photo gallery,” he explained.

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Boutique Hotel News

OCTOBER 28, 2022

While not without controversy, Qatar’s hosting of the 2022 FIFA World Cup is a significant milestone on its journey to becoming a premier league tourism destination. Berthold Trenkel, COO of Qatar Tourism, says: “2022 has been an extraordinary year in Qatar with so many major new hotel and tourism openings. per cent), UK (8.47

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SiteMinder

JUNE 22, 2023

Hotel booking volumes in Spain are currently 17 percent higher than at the beginning of summer 2019, when the country experienced its biggest year of tourism to date. British, French, German, Italian and Dutch travellers, in that order, are visiting Spain in the highest numbers. percent this same time last year.

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