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%. Cities like London, New York and Tokyo have become attractive investment destinations.

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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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STAAH

APRIL 10, 2023

AltoVita powers the corporate accommodations sector with enterprise software layered with a human-centric approach, providing every traveller with exactly what they need. Find out more here didatravel is a holistic travel service provider through innovative technology. Rebahan is an Online Travel Agent (OTA) application created by PT.

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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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InnQuest

NOVEMBER 30, 2022

The latest technological advancements are reshaping the travel and tourism industry globally at a rapid pace. Research suggests that the payment processing solutions market is projected to grow at a CAGR of 11.43% during the forecast period of 2023 to 2030 while the future market value of this market is expected to reach USD 130.94

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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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Hotel Owner

JANUARY 23, 2023

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. Apex City of Bath Hotel and Apex City Quay Hotel and Spa were recently granted Silver Green Tourism Awards.

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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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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

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. Celsius.

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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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Travel and Tourism Book Accounting Presentation 115

SiteMinder

SEPTEMBER 4, 2024

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. Additionally, the booking lead time for stays during Oktoberfest has lengthened, reaching 128 days compared to 125 days in 2023.

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Revenue Hub

NOVEMBER 11, 2022

In 2023, direct bookings are expected to surpass OTA bookings — they’re projected to account for 51% of all bookings. Research from the World Tourism Organization shows that Europe had the strongest results with a 199% increase in tourist arrivals. Most of the rise in demand came from leisure travel.

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Hotel Business

MAY 1, 2023

In first-quarter 2023, Accor once again stepped-up business growth across all regions and in its two divisions: premium, midscale and economy; and luxury & lifestyle,” said Sébastien Bazin, chairman/CEO, Accor. In first-quarter 2023, Accor opened 36 hotels (around 4,400 rooms), and has achieved net network growth of 2.9%

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SiteMinder

MAY 8, 2024

The increase was also significant when compared to the rate of THB 4,949 (US$135) during the week prior to Songkran, which further highlights the holiday’s influence on the local hotel and travel industry. Furthermore, domestic travellers in April reached their highest levels since October of 2023.

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Revenue Hub

JULY 28, 2023

Generally speaking, summer 2023 is going well for hotels so far. 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

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Hotel Business

JANUARY 26, 2023

The select-service sector accounted for 34% of single-asset global investment volume, its highest proportion ever, with the Americas and EMEA seeing notable growth. Additionally, unlike other property sectors, hotels can modify their selling rates daily to account for rising inflation.

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Revenue Hub

DECEMBER 8, 2023

NB : This is an article from Infor Subscribe to our weekly newsletter and stay up to date The good news is that the outlook remains promising, with recent Expedia data revealing that almost half of people prioritize travel more now than they did pre-pandemic, and nearly 80% plan to embark on leisure travel into 2024.

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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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Hotel Business

JUNE 22, 2023

account executive, Arctic Wolf Networks; Lynn Goodendorf, board advisor & consultant, Metro Atlanta ISSA Chapter; and Melina Scotto VP, CISO, Hilton, will be the panelists on the session, “Cybersecurity 201: Protection from the Unknown Unknowns.” Room: 716, Level 7 From 1:30 p.m. to 2:30 p.m., panelists Darrin Homer, Sr.

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Les Roches

SEPTEMBER 3, 2024

Accounts and finance A strong financial foundation enables a hotel to offer competitive pricing and improves the guest experience. Maintenance Malfunctioning air conditioning, overflowing sinks or flickering lights can quickly turn a relaxing stay into a frustrating ordeal.

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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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Les Roches

SEPTEMBER 25, 2024

In 2023 the city saw a remarkable increase in tourist arrivals, welcoming over 11 million visitors. This surge in tourism has significantly bolstered the hospitality sector, creating a wealth of opportunities for those aspiring to build a career in this dynamic industry.

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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. From 2023, consumer spending has been steadily increasing and is set to continue into 2025.

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Les Roches

SEPTEMBER 16, 2024

trillion in 2023. Accurate and comprehensive documentation is essential for maintaining accountability and tracking progress. Report preparation : following the comprehensive assessment, inspectors meticulously prepare detailed accounts. The hospitality industry is experiencing significant expansion, rising to $1.5

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EATER

SEPTEMBER 29, 2023

The province’s cattle farms are known worldwide for the quality of their meat, accounting for half of Canada’s beef production; they’re a major part of the area’s agricultural industry and broader culture. Cheng also cites the effect of Japanese tourism, especially following the restaurant’s 2011 acquisition. What’s old is new again.

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Hotel Business

FEBRUARY 24, 2023

Tourism recovered substantially in 2022 and our performances, up strongly in all regions, reflected that rebound,” said Sébastien Bazin, chairman/CEO, Accor. Whereas international travelers, even whose number grows sharply, failed to return to the level of 2019. over the 12-month period.

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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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Larry Mogelonsky

SEPTEMBER 10, 2024

The nation itself is perhaps the largest beneficiary of the American nearshoring movement while new states and regions continue to open up for tourism and the burgeoning short-term rental market for those who can work remotely. It all harks back to the desire to have a flexible home base while exploring a destination.

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