Remove 2024 Remove Budgeting Remove Travel and Tourism
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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? We are looking at the momentum continuing in 2024.”

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Booking.com shares 2024 travel predictions

Hotel Business

As 2023 enters its final months and 2024 optimistically appears on the horizon, numbness and detachment loom as a result of the perma-crisis, including increased cost-of-living and climate change concerns. People around the world have emotionally checked out of the news agenda and events at home in order to take a much-needed breather.

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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. In light of industry changes, we’ll sunset both Commissions (per Stay) and Commissions (per Conversions) bid strategies for Hotel Ads in October 2024.

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Travel is expected to surge this year: here’s what your hotel should do

Hotel Owner

Unsurprisingly, there’s no busiest time for the hotel booking system and the rest of the year is set to continue in much the same vein — Skyscanner research shows that 41% of travellers are keen to travel more and spend more in 2024.

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Spring Budget 2024: How it will affect hospitality businesses

Serviced Apartments

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. In today’s Spring Budget, Hunt outlined plans to increase the VAT registration threshold from £85,000 to £90,000 for small businesses.

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Tech-Driven Hospitality Trends to Expect in 2024 and Beyond

Revenue Hub

As we approach 2024, the hospitality industry’s landscape is set to undergo significant transformations characterized by increased personalization, automation, AI, and cybersecurity, just to name a few. To stay relevant and resilient in 2024 and beyond, here are five key hospitality trends and the innovations they’re supported by.

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The enduring explorer

SiteMinder

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.