Hotel Owner

JANUARY 23, 2023

For the 12 months ending 30 April 2022, it reported an increase in turnover from £8.0m It comes as the family-owned four-star hotel group re-opened all nine of its hotels in London, Bath, Edinburgh, Glasgow, and Dundee as travel restrictions were lifted and tourism increased. in the final quarter ended April 2022.

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Hotel Owner

JANUARY 31, 2023

Sustainability is seen as crucial to the success of businesses across industries, but there is scepticism about who is telling the truth and being ethical, accountable and transparent. In the past decade, consumer consciousness and worldwide concern have increased in tandem with the growing severity of the climate crisis.

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Hotel Business

JULY 14, 2023

A total of 365 deals (mergers & acquisitions, private equity and venture financing deals) were announced in the travel and tourism sector globally during the first half of 2023, which was a decline of 38.8% and 30.4%, respectively, year-on-year (YoY) during H1 2023 compared to H1 2022. For instance, the U.S.,

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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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Revenue Hub

NOVEMBER 11, 2022

2022 was a year of learning and recovery for the hotel industry. In 2023, direct bookings are expected to surpass OTA bookings — they’re projected to account for 51% of all bookings. All regions started the year quite strong in January of 2022. Most of the rise in demand came from leisure travel.

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Hotel Business

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” Domestic tourism is still going strong. This shows a shift in travelers’ confidence as restrictions are eased and the travel landscape stabilizes.

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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

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

OCTOBER 26, 2023

in the same quarter in 2022. The QHotels Collection has expanded its team with the appointment of Paula Turton as the national account director for leisure and Lucy Whittington as the leisure sales support executive. Total room revenue also saw an increase of 8.6% to £98.6m, while the average room rate remained stable at £176.4.

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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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Revenue Hub

JULY 28, 2023

Travel demand is looking strong since June up until September 2023, with recent analysis showing pickup of 23% in June 2023 vs June 2022. Spain’s tourism minister , Héctor Gómez, has called it “a historic summer for tourism,” with 8.2 Generally speaking, summer 2023 is going well for hotels so far.

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Book Travel and Tourism Article Marketing 86

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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Revenue Hub

JANUARY 25, 2023

Channel Performance Online channels are the driving force for hotel bookings – 68% of travel and tourism bookings were made online in 2022, and this figure is expected to rise. Consider this as you build your forecast. What ratio of your visitors visit during spring, summer, autumn, and winter?

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Hotel Business

MAY 1, 2023

They reflect the attractiveness of our brands, the commitment of our teams and an ever-greater desire for travel and adventure on the part of our guests. Given this highly positive start of the year, we have revised our 2023 guidance upwards, with double-digit RevPAR growth versus 2022.”

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Hotel Business

JANUARY 26, 2023

According to JLL Hotels & Hospitality Group ’s latest Global Hotels Investment Outlook , even with global inflation and geopolitical tensions, expectations are that investors will deploy capital across a range of lodging verticals to capture an increased share of a traveler’s experience this year.

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Xotels

JULY 5, 2022

In 2022, there are many challenges faced by the hotel industry, which may quickly feel overwhelming to address. However, as a hotel management company , we have seen that with the right approach, tech stack, and process streamlining, hotels can drive their success in 2022 and beyond. Article summary: Experience & Personalization.

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Hotel Business

MAY 23, 2024

Hilton and its philanthropic arm, the Hilton Global Foundation (HGF), have revealed the latest progress towards their shared goal of creating a better world for travel with the release of the 2023 Hilton Travel with Purpose Report and the 2023 Hilton Global Foundation Impact Report. million in grants donated in 2022.

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Hotel Owner

APRIL 15, 2024

Hotel insolvencies have increased by 19% in the last year, from 127 hotel companies in 2022/23 to 151 in 2023/24, as operation costs have continued to rise, UHY Hacker Young has revealed. As a result, hotel businesses have amassed significant levels of debt to weather the lack of tourism during the lockdown period.

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Revenue Hub

OCTOBER 20, 2023

In China, hotels experienced tremendous growth relative to 2022, while in the U.S. percent in 2022 to 6.8 Obviously, in 2022 there was really high ADR growth compared to pre-pandemic,” said Ladisova. “In Back when Covid started, we all thought the industry was dead and people weren’t going to travel.

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Hotel Business

FEBRUARY 24, 2023

For full-year 2022, Accor reported group RevPAR for full-year 2022 was 2% higher than in 2019. In the Americas, RevPAR in full-year 2022 was 5% higher than in 2019. Tourism recovered substantially in 2022 and our performances, up strongly in all regions, reflected that rebound,” said Sébastien Bazin, chairman/CEO, Accor.

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Pricing Travel and Tourism Accounting Presentation 52

Hotel Business

SEPTEMBER 5, 2023

The strategic promotions and new leadership team additions include Sue Sanders to EVP, chief strategy and administrative officer; Wilson Turner to SVP, human resources; Angie Cook to SVP of accounting and finance; Suzanne Saunders to SVP, design and construction; and Bob Kisker to VP, operations.

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Serviced Apartments

APRIL 2, 2024

Wyndham holds the highest number of units in Phuket’s branded residences primary market – accounting for 46 per cent of market share. Thailand’s visa-free travel policies, as well as long-term retirement visas and the Thailand Elite program, are understood to be fuelling demand for property.

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Mary Gostelow

NOVEMBER 10, 2022

The chosen students include a retired accountant who had always longed to work in a hotel. Savvy travellers go for bedrooms closest to that beach, and they buy-up to get access to the superb 24th floor Club Continental, open from 7am through to 11pm (see a video, below). David Cohen says it is remarkable to see the passion.

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Modern Restaurant Management

SEPTEMBER 27, 2024

Top Three most challenging roles to fill: Chefs and Cooks Dishwashers Cashiers According to the report’s findings, Chef and Cook positions emerge as the most challenging roles to fill, accounting for 30 percent of all open roles. Polyethylene terephthalate is estimated to account for 29.9 East Asia is projected to account for 20.3

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Hotel Owner

NOVEMBER 4, 2022

Indicative of these collective headwinds, in the three months running up to June 2022, insolvencies across all sectors in England and Wales reached their highest level since the 2008/9 global financial crisis, according to the Office for National Statistics.

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Housekeeping Pricing Travel and Tourism Marketing 52

Modern Restaurant Management

FEBRUARY 1, 2021

Travel Plans for 2021. Tripadvisor® released the findings of a new research report based on the platform’s unique insight into shifting traveler trends, revealing how consumers are planning to travel in 2021 and what impact the ongoing pandemic has had on their trip planning habits. In the U.S.,

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Modern Restaurant Management

JANUARY 31, 2020

According to a report from Sift: 62 percent are concerned that their interactions with QSRs will lead to some type of fraud, whether it’s stolen payment information, account takeover, hijacked loyalty rewards points, or fake reviews. As international travel becomes more accessible there will be a globalization of flavors.

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