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Tourism trends: Domestic and international tourist market

SiteMinder

When it comes to luxury vs budget travel , travellers are willing to spend more – where they see value. Domestic tourism trends The essence of domestic travel, where the journey begins and ends within the same country, is undergoing a remarkable transformation.

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Domestic and overseas demand sees south west hotel sales rise 30%in 2022

Boutique Hotelier

Hotel transaction volumes in the south west rose over 30% in 2022 compared to the previous year, fuelled by demand from both domestic and overseas buyer demand. Domestic buyers represented approximately 66% of transaction volumes with the remaining 34% comprising international buyers in 2022. Volumes totalled c.£166.2m

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How To Select The Right OTAs For Your Hotel - A Comprehensive Guide

Hotelogix

This gives them a better idea of what fits their requirement and budget best. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences.  If you want to attract domestic travelers, then partner with OTAs that cater to domestic travelers and are well-known in your region.

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Majority of corporates have not set carbon budgets for travel, says BTS study

Serviced Apartments

Worldwide: Business Travel Show Europe data has shown that 93 per cent of corporates have sustainable travel programmes but 77 per cent have not set carbon budgets, with half blaming inadequate online booking tool functionality. We have blocked air options for domestic travel within our OBT. 9 19 per cent n.a.

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Savills advised 30% more South West hotel sales in 2022

Hotel Owner

Domestic buyers also represented approximately 66% of transaction volumes, with the remaining 34% comprising international buyers in 2022. He added: “We expect market activity to increase as we move through 2023 and anticipate year-end volumes to reach similar levels in 2023 driven by both domestic and overseas demand.”

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OYO USA’s 2022 per hotel rev surpasses pre-pandemic levels

Hotel Business

operations outpaced the budget hotel segment’s growth in RevPAR with an 18% rise in 2022 versus 2019. The budget hotel segment grew by only 6% in the U.S., higher growth than the other budget hotels in the region. Overall, the region has witnessed a shift in demand pattern with majority of bookings coming from domestic tourists.

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Renewed calls from industry to freeze spirits tax

Hospitality Magazine

Despite a record high tax, the December budget update revealed a projected $170m shortfall in revenue from spirits excise in 2023-24. Domestically it’s almost impossible to make a quid under these circumstances. “It The Federal Government’s own data is starting to bear out the folly of this outdated excise regime,” he said.

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