Hotel Business

APRIL 14, 2023

A total of 179 deals were announced in the global travel and tourism sector during the first quarter (Q1) of 2023, which is a 40.7% The post GlobalData: Q1 travel and tourism sector deal activity down 40.7% Deals volume fell sharply by 43.3% appeared first on hotelbusiness.com.

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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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Hotel Owner

JUNE 14, 2023

Meanwhile, those who are heading overseas might be gasping at the price of their regular beach-side cocktail, due to a weak pound. In addition, what has been previously coined as ‘blended travel’ – mixing business with leisure and tagging on a few days of sightseeing to a business trip – is seeing a rise.

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Les Roches

JANUARY 16, 2024

Doesn’t it sound appealing to transform your tourism business from a small-scale endeavor that struggles for attention into an enterprise that is sought after, thriving and successful? What is tourism marketing? Essentially, any technique that encourages travelers to choose one particular destination over others.

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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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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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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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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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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

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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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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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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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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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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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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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

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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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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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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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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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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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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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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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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Revfine

MARCH 24, 2023

Is it price? Is it the chance to benefit The post Which Matters Most for Winning Guests – Price or Loyalty? Regardless of who you are, competition in the hospitality industry is increasingly fierce, and winning new customers is a major challenge even for experienced hoteliers. appeared first on Revfine.com.

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SiteMinder

SEPTEMBER 12, 2023

What are travel wholesalers? Travel wholesalers are B2B companies that purchase hotel room inventory in bulk at a discounted rate and sell it to OTAs, travel agents, tour operators, airlines, and other travel or accommodation sellers. They will never sell your rooms directly to travellers. Let’s take a look.

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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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SiteMinder

NOVEMBER 6, 2023

The partnership sees easyJet holidays integrated into SiteMinder’s platform, so listed hotels can offer dynamic room rates to travellers and make their full inventory bookable. Additionally, bookings are largely being made by travellers close to their date of arrival.

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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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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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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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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

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

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

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

APRIL 22, 2024

In urban areas like London or Manchester, chain hotels are popular among business travellers and tourists who appreciate the convenience and predictability they offer amidst the hustle and bustle of city life.

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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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