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

Hotelogix

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.  OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue.

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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. Geographic Segmentation : Location: Domestic, international, specific regions or countries.

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SiteMinder Transforms Chao Lao Cabana Resort: A 12-Year Journey into excellence

SiteMinder

The resort caters to a diverse range of guests, with family groups constituting more than 50% of their main customer base, alongside couples, retirees, and various government service groups. Front Office Manager, plays a pivotal role in ensuring every customer’s experience is unforgettable.

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Hotel Revenue Trends of 2023-2024 With Practical Examples

Revenue Hub

Lavender Heights Resort, Tuscany : Nestled amidst the rolling vineyards of Tuscany, the Lavender Heights Resort caters to a diverse clientele, ranging from honeymooners to corporate retreats. Given the varied guest profile and seasonality of the region, the management recognized the need for a flexible and responsive pricing strategy.

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Top Cocktail and Wine Trends

Modern Restaurant Management

In addition, bartenders are mixing sparkling wine of all styles and prices into their cocktails to add effervescence, crispness or sweetness to the experience. There is also a growing trend in wines priced to sell with good value in either BTG or by-the-bottle formats to drive more orders and not just high margins.

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Inflation is No Deterrent for the Majority of Travellers

InnQuest

The segment of customers that are apprehensive about the increased cost of travel are not necessarily going to avoid it altogether; instead, there may be a rise in domestic travel as many countries saw during the pandemic. This will leave them with a positive impression that will make your property stand out as prices continue to rise.