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Australia’s Hotel Industry – Into 2023 and Beyond 

InnQuest

billion in 2023. Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 of customers are male and 52.3% of customers are of high income status, while 34.4%

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What are 5 Must Have Features to Look for in a PMS?

Revenue Hub

At the heart of every great hospitality organization is a great property management system (PMS). NB: This is an article from Infor Subscribe to our weekly newsletter and stay up to date However, the role of property management systems is evolving. In fact, the hotel PMS market size was estimated at USD 7.15

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Orion Span: Aurora Station space hotel updates

SiteMinder

The space hotel even accepted booking payments via cryptocurrency. Set to open as early as 2027, this rotating space station aims to provide an extraordinary experience by simulating gravity for its guests. We were aided by SiteMinder because they truly brought about a ‘revolution’ for our property.

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Maximize Return on Experience (ROE) with Data Driven Marketing

Revenue Hub

The properties that have meaningfully increased their direct booking rates, overall loyalty and guest satisfaction have done so by fully committing to a data-driven approach that forges memorable moments across every interaction point along each guest’s journey. This is how you elevate your property to being well loved by guests.

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Maximizing Return on Experience (ROE) Through Data-Driven Marketing

Revenue Hub

The properties that have meaningfully increased their direct booking rates, overall loyalty and guest satisfaction have done so by fully committing to a data-driven approach that forges memorable moments across every interaction point along each guest’s journey. This is how you elevate your property to being well loved by guests.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

Campspace, a booking platform for sustainable, outdoor stays [including yurts], claims to have grown at a rate of 300 per cent per year. The average cost of a day trip to space is around £370,000, and the value of the entire market is expected to grow by around US$7 billion between 2023 and 2027.

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How IoT upgrades are the smart way to drive profitability

Hotel Business

In fact, IDC predicts that by 2027, 55% of hospitality and travel organizations will invest in AI and/or IoT-powered devices to reduce waste by 20% and lower costs by 15%. This not only bolsters company loyalty but can also drive upsell and future bookings at a much lower investment than front-desk staff time.