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. And the best news?

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InnQuest

AUGUST 24, 2022

Searching for popular market trends to promote your hospitality business? 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. . Undoubtedly, bleisure travel has shot up the travel industry charts as a viral trend.

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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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Hotel Owner

JUNE 14, 2023

In fact, confidence levels for the UK’s inbound tourism industry are at their highest for the past three years , providing a much needed silver lining to the hospitality industry, as well as renewed optimism for those businesses after a tough winter of exorbitant energy bills.

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Revenue Hub

MARCH 3, 2023

The first thing to remember is that, just like for travellers from all over the world, there is no one-size-fits-all approach to attracting guests from China. Subscribe to our weekly newsletter and stay up to date On top of that, there has always been diverse incomes, budgets, ages, hometowns, interests, and travel motivations.

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Hotel Business

JANUARY 25, 2024

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.

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Revenue Hub

OCTOBER 6, 2022

Valued at $720 billion in 2019, wellness tourism’s economy is transforming nearly every aspect of travel. As we emerge from the pandemic, the Global Wellness Institute predicts an explosive annual growth of +21% in wellness tourism. In need of a little reminder of what wellness tourism is? Comwell Borupgaard.

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Hospitality Net

JUNE 26, 2023

Renowned for its breathtaking beaches, vast landscapes, fascinating wildlife and cosmopolitan cities, Australia is a gem of the Asia-Pacific (APAC) tourism market and a dream destination for travelers around the globe. A land down under Australia occupies a special place in the hearts and minds of travelers.

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Revenue Hub

JUNE 28, 2023

The recovery of business travel and the evolution of bleisure travel globally highlights the importance of adapting to changing travel trends. This adaptability allows hotels to stay relevant and appeal to the evolving preferences of modern travelers. There have been regional gains across the board.

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Hotel Owner

OCTOBER 12, 2022

According to the group, a combination of higher average rates and a 20% increase in average length of stay globally from January to September versus the same period in 2021, driven by pent-up demand for leisure travel, contributed to the results.

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InnQuest

MARCH 23, 2023

million Chinese tourists entered Australia each year before the pandemic (Statista). In this article, we’ll take a look at some key statistics about the market in general, and the situation regarding our recovery from the pandemic. Industry performance soared during Q1 and Q2 of 2022 due to the relaxing of travel restrictions.

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Boutique Hotel News

MARCH 6, 2023

Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.

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Boutique Hotel News

DECEMBER 13, 2022

Founded in late 2019, Wynwood House describes itself as a hybrid between “the comfort of travelling to a friend’s house and a five-star hotel”, and it now manages more than 850 leased units under its brand in Peru, Colombia, Mexico and Panama. .

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Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Domestic tourism is still going strong.

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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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Revenue Hub

DECEMBER 14, 2022

Many hoteliers worry about how the economy will develop in 2023 and how this will affect travel and tourism. However, they also see a strong trend of revenge travel which means people will continue to travel. Most likely in different volumes, but with increasing prices, the total spending will be the same as in 2019.

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Hospitality Net

MARCH 5, 2024

In 2023, the travel market not only recovered from its slump during the crisis of the Covid pandemic, it even surpassed 2019 levels. Norbert Fiebig, president of the German Travel Association (DRV), called for policymakers to financially support the industry’s eco-friendly transformation.

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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 year-over-year increase in Thanksgiving holiday travel set the stage for a potential bright spot within November.”

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Hospitality Net

MAY 14, 2024

Europe’s tourism industry is experiencing a robust recovery in the first months of 2024. Based on data from reporting destinations, foreign arrivals (+7.2%) and overnights (+6.5%) in the first quarter of the year surpassed 2019 figures. below 2019 levels, and nights just 0.2% below 2019 levels, and nights just 0.2%

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SiteMinder

FEBRUARY 9, 2023

Sydney, Australia – Newly released data from SiteMinder, the world’s leading open hotel commerce platform, highlights the increase in outbound reservation volumes from mainland China following the country’s relaxation of travel restrictions on January 8.

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Larry Mogelonsky

DECEMBER 2, 2024

With the rise of sleep tourism where millions of people are starting to prioritize getting a solid seven hours rest when traveling, hotels all over the world are responding in kind with newfangled or upgraded sleep programs. Does the guarantee of a good nights sleep influence a guests hotel choice? We say unquestionably yes.

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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. SiteMinder data shows that hotel bookings in various pockets of Europe are now above 2019 levels, including in the UK, Spain, Portugal and Italy.

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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. per cent), UK (8.47

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Hotel Owner

FEBRUARY 8, 2023

Across the UK, operators also saw significant growth, with the industry reaching peak RevPAR (Revenue Per Available Room) of upwards of 10% and 15% against 2019. The UK is also starting to see a more diversified market emerge, with changing consumer behaviours impacting the locations they are opting to visit.

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SiteMinder

NOVEMBER 14, 2022

Although the impacts of the COVID-19 pandemic on the tourism industry were harsh, there remained a great opportunity for Siri Village Chiang Mai to start a hotel business for the first time. In 2019, we bought an old house of Chao Phraya that is over 100 years old and developed it into a coffee shop and photo gallery,” he explained.

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Modern Restaurant Management

JULY 1, 2020

This report’s results are based on surveys conducted over a 12-month period from April 2019 to March 2020—the month when the first U.S. The average salary for a chef or head cook was $56,310 in 2019. In 2019, 15.7 percent of visits during these hours from May through June 15th, 2019, to just 7.3

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Hotel Owner

SEPTEMBER 19, 2023

Despite the challenges posed by higher transport costs, long airport queues and Europe-wide strikes, 2023 has so far delivered a bumper year for the British travel industry. Throughout the summer months, hotels in particular reaped the rewards of this return to tourism and enjoyed the benefits of a growing body of eager guests.

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Hotel Business

AUGUST 29, 2023

travelers, the number of U.S. households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, Americans are seemingly ‘hard coded’ to travel, to move, to explore and to reconnect,” said Chris Kam, president/COO, Omnitrak. “As index levels.

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Modern Restaurant Management

DECEMBER 4, 2020

“They’ve had to basically adapt and change their entire business model,” says Yang Yang, an associate professor in the School of Sport, Tourism and Hospitality Management (STHM) at Temple University. Asia Center for Tourism and Hospitality Research, the road to recovery could still be a long one. The Big Value Shift.

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SiteMinder

JUNE 22, 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. British, French, German, Italian and Dutch travellers, in that order, are visiting Spain in the highest numbers. percent this same time last year.

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Hotel Owner

MARCH 13, 2025

Hotel values across Europe showed a steady 2% rise in 2024 with the help of lower interest rates, modest gains and RevPAR and consistent demand for European travel from international visitors, according to HVS latest Hotel Valuation Index. Some markets have even surpassed values of 2019. in Munich, 3.4% in Frankfurt, 2.8%

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Hotel Owner

MAY 20, 2024

The staycation trend has seen an unprecedented surge in popularity, particularly in the wake of global events that have restricted international travel, particularly due to the covid-19 pandemic. The appeal lies in the convenience, reduced travel costs, and the opportunity to explore local attractions that might otherwise be overlooked.

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Revfine

JANUARY 30, 2023

Most countries reopened their borders and did away with travel restrictions, and demand matched or even exceeded 2019 levels. There's no doubt that 2022 brought terrific developments for the hospitality industry. However, it's not smooth sailing all around.

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Hotel Owner

JULY 3, 2023

Our plans for The Caledonian will ensure that it remains well placed to capture this strong demand.”

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Revenue Hub

OCTOBER 20, 2023

Subscribe to our weekly newsletter and stay up to date GOP Margin by Country 2019 – 2023 1. 2023 Hotel Performance: Growth Is Slowing In UAE, Saudi Arabia, India, Brazil, and the Caribbean, hotel profit margins in the first half of 2023 well surpassed 2019 levels, whereas they lagged in the UK, Germany, Spain, Poland, and Qatar.

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