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. However, we’re here to pierce the mists of the future using our proprietary datasets and guide you through 2023 with our top trends. The outlook?

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Revenue Hub

DECEMBER 14, 2022

Many hoteliers worry about how the economy will develop in 2023 and how this will affect travel and tourism. In their publication “The World Ahead 2023,” the Economist predicts that the recession will be mild in the US, deeper in Europe, and extended in the UK. NB: This is an article from Demand Calendar.

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Hotel Owner

JUNE 14, 2023

Meanwhile, those who are heading overseas might be gasping at the price of their regular beach-side cocktail, due to a weak pound. In addition, what has been previously coined as ‘blended travel’ – mixing business with leisure and tagging on a few days of sightseeing to a business trip – is seeing a rise.

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Boutique Hotel News

JANUARY 27, 2023

Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. 2023 is likely to see further political and economic uncertainty which will see winners and losers on the exchange rate see-saw.

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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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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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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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Hotel Business

FEBRUARY 22, 2023

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Boutique Hotelier

FEBRUARY 16, 2023

We caught up a handful of excellent hotel chefs to discover what’s on their menus for 2023 and how they are working to overcome the challenging F&B landscape over the next 12 months. What challenges are you facing with both menu creation and sourcing the right suppliers at the right price? How do you decide on new menus?

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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% All the deal types under coverage, comprising mergers & acquisitions, private equity and venture financing deals, witnessed a considerable year-on-year (YoY) decline in deal volume in Q1 2023.

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InnQuest

JUNE 6, 2023

When it comes to the future of online travel agencies (OTAs) and their role in the hospitality industry, there are a few key trends and factors to consider. As technology continues to advance, the future of online travel agencies looks promising, with several key trends reshaping their role in the hospitality industry.

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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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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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Hotel Owner

OCTOBER 11, 2022

In 2022 hospitality firms have a clean slate, with UK hotel prices forecast to rise by 8% in 2023, while London has seen a 26% increase in footfall across the past summer as the return of international travel and annual events, such as the Notting Hill Carnival, drew visitors back to the capital.

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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 27, 2023

Figures released by Daish’s Holidays support a recent survey from GoCompare stating that the percentage of people who will choose a staycation in 2023 has more than tripled. It has risen from 12% to 41%.

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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 and prior month September 2023 (100.7) Looking ahead, lower gas prices and AAA’s forecast of a 2.3% index levels.

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eZee Absolute

NOVEMBER 18, 2022

Hotels are a crucial part of any travel experience, and every year the dynamics of travel and hospitality keep on changing. For the year 2023, it’s important to ensure your hotel is up to standard. What’s in Store for the Hospitality Industry in 2023? Things to Change and Improve in a Hotel in 2023.

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STAAH

JULY 2, 2024

The global music tourism market is set to grow at a CAGR of 8.5% in 2023 giving a boost to the hotel industry on the back of direct bookings , online hotel booking engines , online travel agencies (OTAs) , etc. A pricing system that responds to a spike in demand is essential for a hot owner to benefit from the increased demand.

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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.

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Hotel Owner

NOVEMBER 8, 2023

London has been named the most attractive European city for hotel investment in the coming year, according to the 2023 European Hotel Industry Survey by Deloitte. 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.

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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. Meanwhile, room occupancy among hotels with less than 25 rooms has continued to fall from 69% in February 2023 to 64% in February 2024.

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Hotel Owner

FEBRUARY 8, 2023

As we look towards the course of 2023, is there light at the end of the tunnel? International travel restrictions stimulated ‘the great British staycation’, which caused hotels to experience buoyant trading performances across coast and country markets. Yet, the sector has faced a significant period of turbulence in recent years.

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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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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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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? ADRs Exhibit ‘Sticky Pricing’. vs r=0.47), indicating that ADRs more closely track changes in consumer pricing when inflation is high.

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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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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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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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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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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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Hotel Owner

JUNE 30, 2023

Modern travellers seek enhanced personalised experiences and seamless technology integration. Moreover, the rising number of online booking platforms and alternative accommodation providers has intensified competition, and recent studies show that the average traveller looks at 38 different websites before committing to accommodation.

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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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Hotel Owner

JULY 22, 2024

Scotland showed the strongest recovery in overseas visitors in 2023 compared with 2019, with visits up 15% while spend was up 41%, further supporting business for Scottish hotels. Bruce Springsteen’s sold-out concert in Belfast at the beginning of May contributed to prices soaring.

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Revenue Hub

JULY 11, 2023

Subscribe to our weekly newsletter and stay up to date These are the top 5 technology investments independent properties plan to add or upgrade in the next two years, according to our 2023 State of Independent Lodging Report. But when booking a hotel room online, travelers tend to be extra cautious.

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Hotel Business

APRIL 24, 2023

For roughly the last year—and, surely, since the start of this year—we’ve written about the return of travel, predominantly in the leisure sector. Our panelists for various Hotel Business Hot Topics sessions and our subjects of various Q&As have all been quite bullish about the uptick in travel and tourism post-pandemic.

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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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