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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Travel and Tourism Communication Accounting Presentation 85

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.

Accounting 105

Accounting Marketing 105

Hotel Owner

JANUARY 31, 2023

Sustainability is seen as crucial to the success of businesses across industries, but there is scepticism about who is telling the truth and being ethical, accountable and transparent. In the past decade, consumer consciousness and worldwide concern have increased in tandem with the growing severity of the climate crisis.

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Travel and Tourism Accounting Communication Budgeting 111

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.

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Travel and Tourism Book Events Budgeting 130

Hotel Owner

OCTOBER 26, 2023

in the same quarter in 2022. The QHotels Collection has expanded its team with the appointment of Paula Turton as the national account director for leisure and Lucy Whittington as the leisure sales support executive. Total room revenue also saw an increase of 8.6% to £98.6m, while the average room rate remained stable at £176.4.

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Travel and Tourism Accounting Training Book 98

Revenue Hub

JULY 17, 2023

According to Expedia Group’s 2023 Traveller Value Index Report, there is countless evidence that all types of travel will continue growing with velocity this year. Source What else is happening in the tourism and hospitality industries?

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Travel and Tourism Book Article Events 67

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 79

Xotels

JULY 5, 2022

In 2022, there are many challenges faced by the hotel industry, which may quickly feel overwhelming to address. However, as a hotel management company , we have seen that with the right approach, tech stack, and process streamlining, hotels can drive their success in 2022 and beyond. Continuously Changing Consumer Demands and Markets.

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Travel and Tourism Marketing Communication Blog 52

Hotel Business

JANUARY 26, 2023

According to JLL Hotels & Hospitality Group ’s latest Global Hotels Investment Outlook , even with global inflation and geopolitical tensions, expectations are that investors will deploy capital across a range of lodging verticals to capture an increased share of a traveler’s experience this year.

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Travel and Tourism Accounting Presentation Events 59

Hotel Business

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” Domestic tourism is still going strong. This shows a shift in travelers’ confidence as restrictions are eased and the travel landscape stabilizes.

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Travel and Tourism Book Accounting Presentation 115

Revenue Hub

JULY 28, 2023

Travel demand is looking strong since June up until September 2023, with recent analysis showing pickup of 23% in June 2023 vs June 2022. Spain’s tourism minister , Héctor Gómez, has called it “a historic summer for tourism,” with 8.2 For content marketing ideas, take a look at this blog.

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Book Travel and Tourism Article Blog 62

Hotel Business

MAY 1, 2023

They reflect the attractiveness of our brands, the commitment of our teams and an ever-greater desire for travel and adventure on the part of our guests. Given this highly positive start of the year, we have revised our 2023 guidance upwards, with double-digit RevPAR growth versus 2022.”

Travel and Tourism 59

Travel and Tourism Accounting Pricing Property Management 59

Serviced Apartments

APRIL 2, 2024

Wyndham holds the highest number of units in Phuket’s branded residences primary market – accounting for 46 per cent of market share. New brands to enter the market include The Standard (scheduled to open in Bangtao, 2026) and Rosewood (opening in Kamala, date to be announced).

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Travel and Tourism Download Scheduling Accounting 52

Hotel Business

SEPTEMBER 5, 2023

The strategic promotions and new leadership team additions include Sue Sanders to EVP, chief strategy and administrative officer; Wilson Turner to SVP, human resources; Angie Cook to SVP of accounting and finance; Suzanne Saunders to SVP, design and construction; and Bob Kisker to VP, operations.

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Strategic Planning Accounting Travel and Tourism Guest Satisfaction 59

Revenue Hub

OCTOBER 20, 2023

In China, hotels experienced tremendous growth relative to 2022, while in the U.S. percent in 2022 to 6.8 Obviously, in 2022 there was really high ADR growth compared to pre-pandemic,” said Ladisova. “In So, for us, the biggest challenge is trying to forecast where ADR will be in the markets in which we operate.”

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Budgeting Travel and Tourism Pricing Article 95

Revenue Hub

JANUARY 25, 2023

Channel Performance Online channels are the driving force for hotel bookings – 68% of travel and tourism bookings were made online in 2022, and this figure is expected to rise. Consider this as you build your forecast. What ratio of your visitors visit during spring, summer, autumn, and winter?

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Travel and Tourism Article Book Pricing 81

Modern Restaurant Management

FEBRUARY 1, 2021

Guest sentiment remained consistent across most designated market areas. The Orlando market once again hosted the most positive restaurant guests when it came to rating restaurant food, service and ambiance. Markets with the biggest drops in sales experienced much lower guest sentiment around food and service.

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Travel and Tourism Pricing Marketing Customer Service 126

Hotel Owner

NOVEMBER 4, 2022

Added to this, there’s evidence that capital markets are beginning to slow, with debt and equity providers keeping their sizable powder dry until the economic landscape improves, or more appropriately priced assets become available. As we’ve seen previously, certain parts of the market are likely to fare better during an economic downturn.

Housekeeping 52

Housekeeping Pricing Travel and Tourism Marketing 52

Modern Restaurant Management

JANUARY 31, 2020

According to a report from Sift: 62 percent are concerned that their interactions with QSRs will lead to some type of fraud, whether it’s stolen payment information, account takeover, hijacked loyalty rewards points, or fake reviews. As international travel becomes more accessible there will be a globalization of flavors.

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Events Marketing Definition Travel and Tourism 170