Remove 2023 Remove Budgeting Remove Travel and Tourism
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WTTC: Consumers shift toward sustainable travel

Hotel Business

A new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism among consumers, with 69% of travelers actively seeking sustainable travel options. But 2023 is looking even better in terms of travelers’ spend.

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2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators?

Revenue Hub

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? Rooms Profit Margin by Country 2019 – 2023 3.

Budgeting 101
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The bright future of sustainable tourism

Hotel Owner

Sustainable tourism is a term that means different things to different owners and operators in this fragmented tourism industry and therefore risks becoming meaningless if greenwashing is allowed to continue. In these most urgent of times, we are living in a polarised world with a crisis of trust and human-induced climate emergencies.

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Hoteliers look ahead to 2023

Smart Brief Hospitality

“A lot of things that we’re doing now as we build budgets, we’re building them for the things that we know we can affect — the things we see today. ” Travelers’ shifting priorities. “Every year you see avian flu spiking once, but what are we seeing this year? Other trends to watch.

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tROAS for Hotel Campaigns Brings Improved Bidding Accuracy

Revenue Hub

Travelers are taking trips again. International tourism ended 2023 at 88% of pre-pandemic levels, according to the World Tourism Organization , an agency of the United Nations. Additionally, in 2023, we launched Performance Max for travel goals.

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The rise of staycations: how UK hotels can capitalise on domestic tourism

Hotel Owner

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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Hoteliers must adopt a multi-pronged approach for the return of Chinese tourism

SiteMinder

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.