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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Travel and Tourism Pricing Budgeting Marketing 111

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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Travel and Tourism Book Catering Marketing 130

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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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.

Travel and Tourism 105

Travel and Tourism Book Marketing Communication 105

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 are 55-64. In 2022, New South Wales was the state with the highest number of domestic overnight visitors (24.89

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Travel and Tourism Book POS Systems Market Forecasting 130

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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Travel and Tourism Book Events Budgeting 130

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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Travel and Tourism Pricing Article Accounting 98

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% decline compared to the announcement of 302 deals during the same period in 2022, according to GlobalData , a data and analytics company. Deals volume fell sharply by 43.3%

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Travel and Tourism Pricing Marketing 52

Hotel Owner

OCTOBER 11, 2022

Yet, with soaring energy bills and an explosion in vacancy rates among hospitality staff, increasing by 675% from November 2021 to January 2022, the post-pandemic road to recovery is shaping up to be more of a steep incline than a gentle stroll. Back to life, back to hospitality . Inhospitable months to come need to be managed.

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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 and Tourism Pricing Presentation Events 98

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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Travel and Tourism Book Pricing Reservations 111

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 2015=100), trailing October 2022 (99.1) Looking ahead, lower gas prices and AAA’s forecast of a 2.3% index levels.

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Revenue Hub

MARCH 2, 2023

In 2022, 68% of travel and tourism sales were made online. As travel purchasing happens predominantly online, there is also more information readily available. NB: This is an article from Hotelchamp As a result, the variety of choices for travel consumers has increased significantly.

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Book Travel and Tourism Communication Pricing 98

Revenue Hub

NOVEMBER 29, 2022

We have asked the questions: can rising costs be passed along to the consumer and what does the current inflation environment say about hotel pricing over the next few years? From 1973 to 2022, CPI and RPI both correlate strongly with ADR (r=0.97; r=0.97). RPI – 1973-2022. ADRs Exhibit ‘Sticky Pricing’.

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Pricing Travel and Tourism Article Events 97

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 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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Travel and Tourism Pricing Accounting 97

Hotel Owner

FEBRUARY 8, 2023

Reason for optimism Research has recently found that operating performance had improved over 2022, moving hotels’ financial results closer to pre-pandemic levels. International travel restrictions stimulated ‘the great British staycation’, which caused hotels to experience buoyant trading performances across coast and country markets.

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Travel and Tourism Presentation Marketing Budgeting 103

Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. billion in 2022. Governments have set targets, and consumer behaviour is changing, albeit slowly and hampered by the cost of living crisis.

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Hotel Owner

NOVEMBER 8, 2023

Despite this, the pressures of high inflation, labour shortages and greater energy prices meant that 28% of respondents expect 0% or negative GOPPAR growth in London in 2024. Meanwhile, demand fluctuations (48%), the inability to raise prices (45%), Generative AI (41%) and technology disruptions (39%) were all perceived as medium-term risks.

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Travel and Tourism Pricing Marketing 98

Boutique Hotel News

MARCH 6, 2023

A recent report by Aptamind Partners, supported by the World Travel & Tourism Council [WTTC], found that in the top 23 listed hotel companies, zero per cent of women had progressed into leadership roles [specifically CEO and chairman] since 2019.

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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

JANUARY 5, 2023

Many countries have put climate change targets into law but only one country – Gambia – is anywhere near on track to meet its climate targets by the end of 2022, and even that is looking like a slim chance. View the 31 certification agencies HERE.

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Travel and Tourism Pricing Budgeting 105

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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Travel and Tourism Book Events Business Development 52

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. Two years later Siri Village Chiang Mai Hotel was opened, in August 2022, with the name Siri from ‘Siri Mongkhon’ which means good grace.

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Property Development Travel and Tourism Book Document 98

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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SiteMinder

SEPTEMBER 6, 2023

This seamless process is powered by sophisticated yet user-friendly online booking systems, hotel websites, and online travel agencies (OTAs). OTA booking : This is when a guest books through an online travel agent, such as Expedia or Booking.com. Online distribution is growing at a faster pace than the entire travel market.

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Book Travel and Tourism Information Pricing 98

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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Marketing Travel and Tourism Book Catering 52

Revenue Hub

JANUARY 25, 2023

Product Factors A hotel is essentially a collection of products with different price points – for example, a luxury suite is going to be priced higher than a basic room, while a family room is likely to contain more guests than a single-bed option. Drawing on this internal data helps you to build a solid base for your prediction.

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Travel and Tourism Article Book Pricing 98

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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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 and Tourism Book Blog Marketing 52

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Reservations Book Travel and Tourism Marketing 52

Xotels

MAY 27, 2022

This period of change is set to continue through 2022 and 2023, with shifts in demographics and technology, and the post-pandemic transition to a new normal all playing decisive roles. As a hotel management company with clients around the world, we have seen these trends in the tourism and hospitality industry take shape and evolve.

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Travel and Tourism Marketing Book Customer Service 52

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 Pricing: Have We Reached a Ceiling? Over the past two years, hotels have managed to partially offset the impacts of rising costs with increased pricing, but how long can that continue? he wondered.

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Budgeting Travel and Tourism Pricing Article 109

Hotel Business

MAY 1, 2023

. “These excellent performances were driven in particular by the strong rebound in Asia, good price levels and increased occupancy rates. 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.

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Larry Mogelonsky

MARCH 28, 2024

Celebrating its one-year anniversary this past January, the newly opened, the Andaz Mexico City Condesa – a Concept by Hyatt serves as the quintessential example of how a hotel can go about fostering this sense of community in order to create spaces that are truly special to both travelers and locals.

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Travel and Tourism Guest Satisfaction Presentation Training 100

Serviced Apartments

NOVEMBER 25, 2022

UK: SilverDoor hosted its 2022 Partner Engagement Day earlier this week in London. Some of the key points emerging from a series of panel discussions included: • Many sections of the business travel market are thriving. Quarter 4 2022 rates are up 25% on the same period last year (Source: SilverDoor). •

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Travel and Tourism Book Marketing Pricing 59

EATER

OCTOBER 1, 2021

Like with most foreign food trends, the popularization of Mexican foods typically begins with a so-called discovery by the white traveler. The tourism boom and food-world influencers together surface Mexican ingredients, which then make their way into American restaurants, bars, and sometimes even grocery stores. Shutterstock.

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Travel and Tourism Pricing Marketing Presentation 139