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By 2026, Online Reservations Will Account for 65% of Travel Bookings

Hospitality Net

According to new research from Phocuswright, the global travel market has rebounded significantly, surpassing pre-pandemic levels with a 24% increase in gross bookings in 2023, reaching a total spend of $1.5 The industry is projected to grow between 6-10% annually through 2026.

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Hyatt to expand luxury portfolio across EMEA by 30% by 2026

Hotel Owner

Hyatt has announced the continued global expansion of its luxury brand portfolio with a pipeline of openings over the next three years across Europe, Africa and the Middle East (EMEA), which is set to grow by over 30% by 2026.

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LE: Dallas leads nation’s hotel construction boom

Hotel Business

These top five markets combined account for 732 projects/88,904 rooms. markets stand out for their active under-construction hotel projects. Dallas also tops the list of markets with the most hotel projects in the early planning stage at Q3, with 91 projects that will add 10,652 rooms. In Q3, five U.S.

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34 Restaurant Marketing Ideas: How To Market Your Restaurant in 2024

7 Shifts

This is where being well-equipped with a fool-proof restaurant marketing plan comes in. After analyzing the latest industry trends, viral content, and successful campaigns, we have developed an all-in-one marketing guide to help you craft your strategy to attract new customers and keep your previous diners coming back. a boycott).

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LE: Dallas at forefront of U.S. hotel development

Hotel Business

Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with 189 projects, just four projects shy of its record-high at the end of Q4 2023, and a new record-high 22,392 rooms. According to the recent Q2 2024 U.S.

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USALI’s 12th revised edition unveiled

Hotel Business

A newly revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) is now available, published by Hospitality Financial and Technology Professionals (HFTP). ” Periodically, the USALI undergoes revision to align with the evolving landscape of hotel operations and accounting standards. and around the world.”

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Phuket branded residence supply tops $2.3 billion

Serviced Apartments

Wyndham holds the highest number of units in Phuket’s branded residences primary marketaccounting for 46 per cent of market share. New brands to enter the market include The Standard (scheduled to open in Bangtao, 2026) and Rosewood (opening in Kamala, date to be announced).