Revenue Hub

MARCH 3, 2023

Hotel prices in key American leisure destinations soar, while hoteliers in markets more reliant on business travel and long-distance international tourism are facing tougher times. We will broadly split these into more ‘commercial-focused cities’ and ‘consumer tourism focused cities’ for this analysis.

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Hotel Business

JANUARY 23, 2023

A new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism among consumers, with 69% of travelers actively seeking sustainable travel options. But 2023 is looking even better in terms of travelers’ spend.

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Revenue Hub

SEPTEMBER 25, 2023

Talk to any hotel operator about empty rooms, and you’ll likely hear about price sensitivity. What if the relentless focus on price is causing more harm than good? If you think you know all there is to know about price sensitivity, prepare to think again.

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Serviced Apartments

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

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SiteMinder

FEBRUARY 28, 2023

Many parts of the world are excited about the prospect of travellers from mainland China returning to their shores but, while your hotel can certainly benefit from the opportunity, there are no simple answers when it comes to planning and preparing for this. It also allowed citizens to travel during the Lunar New Year celebrations.

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Hotelogix

JANUARY 16, 2024

With the construction of the Ram Mandir and the post-consecration ceremony on 22 January, Ayodhya is set to witness a transformation that will reshape the city's infrastructure, economy, and tourism industry. Hotels will also need technology to work with offline travel agents to get more bookings - especially group bookings.

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SiteMinder

NOVEMBER 30, 2023

What are travel statistics? Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Some highlights include: Air travel passengers are expected to reach 9.4

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Travel Pulse Destinations

MARCH 6, 2023

Prices are through the roof as Chinese travelers flood the market again.

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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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SiteMinder

FEBRUARY 8, 2024

What are Chinese travellers? Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. Table of contents Why should you capture the attention of Chinese travellers?

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InnQuest

AUGUST 24, 2022

Here’s a detailed breakdown of the importance of bleisure travel for hotels and how to attract more bleisure travellers to quadruple your business profitability. . Amidst all of this, what once used to be strict “business-related travel” has now evolved progressively with a hint of “leisure and enjoyment”.

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Hotel Business

NOVEMBER 29, 2023

domestic travel demand entered the fourth quarter on a slow note in October, continuing a pullback seen in September. In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 Looking ahead, lower gas prices and AAA’s forecast of a 2.3% According to Omnitrak , U.S. 2015=100), trailing October 2022 (99.1)

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Boutique Hotel News

NOVEMBER 16, 2022

Whilst the transaction value has not been disclosed, Dunstane Houses were marketed by Savills Scotland at a guide price of £7.5 Roseate Hotels & Resorts is committed to offer an outstanding stay and dining experience to its guests and look forward to contributing meaningfully to the vast repertoire of tourism in Scotland.”.

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Revenue Hub

JANUARY 22, 2024

Customer feedback can be a key component to driving quality in the hospitality and tourism sectors.Here’s how four key players from these industries approach feedback to drive satisfaction and attract more visitors. Quality has become as important as price in influencing customer decisions and enhancing the overall experience.

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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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Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Revenue Hub

OCTOBER 21, 2022

The travel sector in Europe is slowly but surely showing signs of recovery in the post-pandemic with Istanbul, Lisbon, and Madrid showing strong results. Travel recovery across Europe is set to continue in Q4 despite all the doom and gloom in the news about inflation, recession, oil prices and the war in Ukraine.

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Hotel Owner

OCTOBER 9, 2023

in 2024, despite an expected softening of leisure travel demand, according to the latest annual hotel monitor from American Express. Amex data found that rates in more locations globally during 2024 are likely to continue to rise, despite an expected softening of leisure travel demand. Hotel rates in London are likely to increase 9.1%

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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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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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Mary Gostelow

FEBRUARY 19, 2024

But, and a big but, it is essential to up luxury pricing or everyone will lose. Yes, as Google’s MD digital First Businesses, Roma Datta Chobey, said, Indians are travelling like never before. India’s spend on leisure will rise 300% by 2030, with faith tourism growing 16.2%. trips a year are taken – the highest in APAC.

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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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Hospitality Net

JUNE 23, 2023

Hotel booking volumes in Spain are currently 17 percent higher than at the beginning of summer 2019, when the country experienced its biggest year of tourism to date.SiteMinder’s data, which compares current booking volumes to those in previous years, places Spain as a European favourite, followed by Portugal, Italy and the UK.

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Revenue Hub

JULY 31, 2023

Digital nomads generally combine remote work and travel for various reasons and lengths of time. Obviously they love travel, but here are a few things you need to know about these travellers. The top places digital nomads travel to are America (53%), Western Europe (18%), and Asia (13%). Who are digital nomads?

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Hotel Owner

OCTOBER 11, 2022

In 2022 hospitality firms have a clean slate, with UK hotel prices forecast to rise by 8% in 2023, while London has seen a 26% increase in footfall across the past summer as the return of international travel and annual events, such as the Notting Hill Carnival, drew visitors back to the capital.

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Hotel Owner

APRIL 15, 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. As a result, hotel businesses have amassed significant levels of debt to weather the lack of tourism during the lockdown period. This is 8% less than Q3 2019.

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InnQuest

JUNE 6, 2023

When it comes to the future of online travel agencies (OTAs) and their role in the hospitality industry, there are a few key trends and factors to consider. As technology continues to advance, the future of online travel agencies looks promising, with several key trends reshaping their role in the hospitality industry.

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Hotel Owner

AUGUST 4, 2023

For the experiential traveller, where better to stay than the short-term holiday let, which offers the opportunity to live like a local would? Tourism is vital to these local economies and represents 10% of all employment in Devon and 20% in Cornwall, so limiting access to Britain’s holiday hotspots would offer no relief.

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InnQuest

JANUARY 5, 2023

2022 has left businesses in the tourism and hospitality industry with many important learnings, the most important one being – consumer preferences will be ever-evolving and the key to staying successful at all times is to prioritize guest experience. Book a demonstration of our award-wi nning hotel management software here.

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Revenue Hub

JANUARY 17, 2023

If you were hoping for certainty in 2023 after years of turbulence across the travel and hospitality industry, then you’re probably going to be disappointed. Well, it’s a surprisingly positive one for the travel consumer and industry. High inflation and its impact on consumer travel spending. The outlook?

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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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Hotel Owner

AUGUST 29, 2023

The hotel, which is currently a three-star hotel in North Oxford, is formed of two converted and extended Edwardian houses with 87 hotel rooms for tourists and business travellers.

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STAAH

JULY 25, 2023

Digital nomads generally combine remote work and travel for various reasons and lengths of time. Obviously they love travel, but here are a few things you need to know about these travellers. The top places digital nomads travel to are America (53%), Western Europe (18%), and Asia (13%). Who are digital nomads?

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Hotel Business

MAY 4, 2023

In a new study published in the Journal of Hospitality and Tourism Research , Minjing Shin, an assistant professor at Hilton College, and her colleagues at Hong Kong Polytechnic University, suggest unplanned purchases of luxury experiences increase positive emotions and a sense of escapism. And the higher the price, the higher the escapism.

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Revenue Hub

NOVEMBER 13, 2023

Beyond attracting guests, an excellent online reputation directly impacts a hotel’s pricing power. By starting with the reason for travel and then delving deeper into specific traveler segments, hotels can craft a guest journey that resonates deeply, enhancing satisfaction, loyalty, and profitability.

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Travel Booster

JANUARY 29, 2024

In the ever-evolving landscape of travel, Artificial Intelligence (AI) stands as a formidable force, reshaping the industry in profound ways. The rapid strides in AI technology have ushered in a new era, elevating the travel experience for globetrotters worldwide.

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SiteMinder

MAY 8, 2024

The increase was also significant when compared to the rate of THB 4,949 (US$135) during the week prior to Songkran, which further highlights the holiday’s influence on the local hotel and travel industry. Furthermore, domestic travellers in April reached their highest levels since October of 2023.

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