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

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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Travel and Tourism Pricing Article Marketing 85

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

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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Travel and Tourism Blog Book Events 52

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 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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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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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 85

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

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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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

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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Travel and Tourism Property Management Blog Book 223

EATER

JANUARY 18, 2022

Where to find the best food around the world in 2022. They whisk travelers from their cooking routines and familiar takeout spots, drawing them out with flavors that can’t be replicated, service that can’t be matched, and most of all, a story that can’t be told elsewhere. Travel responsibly. Destination meals are compelling.

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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.

Travel and Tourism 111

Travel and Tourism Book Pricing Reservations 111

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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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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Travel and Tourism Pricing Events Presentation 105

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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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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Travel and Tourism Marketing Communication Blog 52

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 87

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

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

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

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 80

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

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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Travel and Tourism Accounting Pricing 52

SiteMinder

SEPTEMBER 2, 2024

The company also positioned the Aurora Space Station as the first in a series of space travel destinations, expecting that as launch capabilities improved and became more frequent, costs would decrease, creating a sustainable commercial space ecosystem. It was due to be launched in 2021 and planned to check in its first guests in 2022.

Travel and Tourism 52

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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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Travel and Tourism Accounting Pricing Property Management 59

SiteMinder

FEBRUARY 25, 2024

Table of contents Latest news in the hospitality industry A year of increased stability and growth At the beginning of 2023 the focus was firmly on growth, particularly given the effects of COVID on the travel sector over the preceding years. Almost one in five hotel rooms booked online are cancelled prior to travel.

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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 66

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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Travel and Tourism L&D Marketing Pricing 130

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

Serviced Apartments

JANUARY 19, 2024

Ascott acquired Oakwood Worldwide in 2022 , which at the time added around 15,000 units to Ascott’s global portfolio. We look forward to gaining strong growth momentum, to owning the upswing with the rebound of global travel and tourism in the year ahead.”

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Travel and Tourism Scheduling Catering Marketing 52

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

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

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