Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? We are looking at the momentum continuing in 2024.”

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Budgeting Travel and Tourism Pricing Article 98

SiteMinder

SEPTEMBER 25, 2023

Big picture Humans are wired to travel. In recent years, time without its magic has only served to make it more valuable, meaning that while external forces may push us to adapt, travel can now never be compromised. Most (57%) intend to travel more. Only 9% intend to travel less.

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Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. The post Spring Budget 2024: How it will affect hospitality businesses appeared first on Serviced Apartment News. per cent next year [0.5

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Hotel Owner

APRIL 15, 2024

Meanwhile, room occupancy among hotels with less than 25 rooms has continued to fall from 69% in February 2023 to 64% in February 2024. Hotels are also affected by the number of international tourists travelling to the UK, which has still not reached pre-pandemic levels as of Q3 2023 at 10.9m. This is 8% less than Q3 2019.

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InnQuest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 in 2023, with domestic travel increasing by 16.9%

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SiteMinder

MAY 6, 2024

SiteMinder’s platform compared bookings from 19-25 April 2024, the week of Madonna’s five-night residency in Mexico City, to the same dates in 2023. Year-on-year, prices increased by US$60, and were US$25 higher than the week immediately prior to the concerts, highlighting the tour’s impact.”

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Book Travel and Tourism Events Reservations 59

Hotel Owner

FEBRUARY 5, 2024

With 2023 already consigned to history as the year of tourism recovery, the hospitality industry – starting in 2024 – now finds itself facing a scenario where actors who began making waves a few years ago are now consolidating their positions. Technology is, ultimately, the only path to survive and stand out in the tourism sector.

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Hotel Owner

JANUARY 25, 2024

The UK and The Netherlands exhibited consistent strength in both leisure and corporate travel, driving occupancy and average rates. Forward bookings for 2024 mirror those of 2023, with a gradual return to pre-pandemic booking patterns. The strong results prompt confidence in achieving a net unit growth of 5.5%

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Travel and Tourism Book Pricing Marketing 52

SiteMinder

FEBRUARY 25, 2024

Table of contents Latest news in the hospitality industry A year of increased stability and growth At the beginning of 2023 the focus was firmly on growth, particularly given the effects of COVID on the travel sector over the preceding years. Almost one in five hotel rooms booked online are cancelled prior to travel.

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Hotel Owner

FEBRUARY 9, 2024

Pan Pacific London has secured the Forbes Travel Guide Five-Star Award for the third consecutive year since its establishment in September 2021. Even though many anticipate weaker finances in 2024 compared to the previous year, a considerable number still plan to allocate more funds to vacations.

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Revenue Hub

FEBRUARY 9, 2023

Why does sustainability in travel matter so much now – more than ever – to consumers? For hotels and the wider hospitality, travel, and tourism sectors specifically, sustainable development encompasses the three elements of people, planet and profit (the 3Ps) – implying long-term considerations for all stakeholders.

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SiteMinder

DECEMBER 4, 2023

Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up. Online travel agencies make up the top two revenue generating positions in 79% of major destinations. globally next year.

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eZee Absolute

DECEMBER 7, 2023

And with so many evolving hospitality trends for 2024, it can be very confusing. And with the year coming to an end, it’s necessary to shortlist the top trends in the hospitality industry to look out for in 2024. Sustainability is no longer a buzzword in 2024; it’s a guiding principle that shapes the choices of modern travellers.

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Boutique Hotel News

MARCH 6, 2023

The first, Another Place, The Lake – is on the shores of Ullswater in the Lake District and the second will follow in 2024. Initially starting out as a property manager in Australia, Labi is a genuine advocate for women in business, sustainable tourism and pioneering businesses, and the short-term rental industry by extension.

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eZee Absolute

NOVEMBER 19, 2023

Travel and hospitality is a lucrative industry. Rising cost of daily consumables Challenge Price inflation of daily use products, eatables, and other supplies has risen steeply in the last few years. In fact, you’d also ask for a clean and tidy hotel room when you are traveling.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. Where was the value for the price paid? Customer demand: guests who are willing to pay different prices.

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Modern Restaurant Management

FEBRUARY 1, 2021

Travel Plans for 2021. Tripadvisor® released the findings of a new research report based on the platform’s unique insight into shifting traveler trends, revealing how consumers are planning to travel in 2021 and what impact the ongoing pandemic has had on their trip planning habits. In the U.S.,

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Hotel Owner

NOVEMBER 3, 2023

The index found that industry investment leaders expect hospitality’s corporate business to bounce back in 2024, with confidence growing 4.6 By contrast, while leisure travel will undoubtedly remain strong, socio-economic and climate change issues mean investors are predicting slower growth in this sector. in Q4 2023.

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Marketing Travel and Tourism Pricing 97

EATER

FEBRUARY 16, 2024

Where to find the best food around the world in 2024 There’s a big world of food out there and it’s never been easier to taste all of it. All 12 culinary destinations on this list are hitting their strides in 2024, according to our global network of on-the-ground contributors, making them obvious choices for hungry travelers.

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Modern Restaurant Management

JANUARY 31, 2020

The weakest business categories varied by type and price point, and included stores selling mobile phones, shoes, and appliances. As international travel becomes more accessible there will be a globalization of flavors. Giants Enterprises operates a daily tourism program at Oracle Park as well as The Gotham Club. Key Takeaways.

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