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Tourism trends: Domestic and international tourist market

SiteMinder

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. When it comes to luxury vs budget travel , travellers are willing to spend more – where they see value.

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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. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences.  Here’s a reality check!

Book 269
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Renewed calls from industry to freeze spirits tax

Hospitality Magazine

In August last year Australia’s spirits tax rose to over $100 per litre of alcohol and the bi-annual indexation continues to fuel inflation and cost of living pressures, having already risen in line with the Consumer Price Index (CPI) by a total of 12.5 Domestically it’s almost impossible to make a quid under these circumstances. “It

Budgeting 130
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The Role of Customer Segmentation in Revenue Management

Revenue Hub

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. Income level: Budget travelers, mid-range, luxury seekers, etc. Gender: Male, female, non-binary, etc.

Pricing 108
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Creating the Entertainment Capital within the Entertainment Capital of the World

Larry Mogelonsky

The gaming element is always part of the allure of coming to Vegas, but as other domestic cities have started opening up casinos Vegas must continue to innovate and elevate its level of hospitality to evolve with our consumers and to surpass the competition. For the first true year of operation, our goal was purely domestic.

Marketing 100
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BoE raises interest rates to 4.25%

Hotel Owner

This lower-than-expected rate is largely due to the near-term news in the budget including on the EPG, alongside the falls in wholesale energy prices.

Budgeting 105
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Global Business Travel Sees Shifting Challenges and Opportunities for 2024

Revenue Hub

Domestic business travel bookings stand at 76 percent (up from 72 percent in the April 2023 GBTA poll). Meanwhile, respondents report domestic business travel spending has reached 77 percent of pre-pandemic levels, while international spend sits at 74 percent (up from 74 percent and 66 percent, respectively, from April).