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Although the pandemic has been a setback even for giants such as Booking.com and Expedia, fostering a resurgence for direct bookings, the market share held by OTAs is set to grow further: from nearly $500 million in 2023, it is expected to reach nearly $2 billion by 2033.
👉 Read Also - ChatGPT for Hotels: Boost Direct Bookings & Reduce Costs Why People Like It Slow tourism resonates because it creates a richer, more memorable travel experience. trillion (inflation-adjusted) by 2028. Slow tourism emphasizes mindfulness—being present in the moment. Travel spending will grow 3.9%
Travel bookings are back. Online sales are expected to account for 76% of total revenue in the travel and tourism sector by 2028, by which time, revenue is set to reach £746.4bn (Statista).
NB: This is an article from D-Edge Subscribe to our weekly newsletter and stay up to date To better understand the opportunities hotels are missing, we conducted an analysis of booking data from independent hotels and small to medium-sized hotel groups across Europe and Asia Pacific. from 2025 to 2028.
One overseas air travel carrier just opened bookings aboard the industry’s first-ever all-electric aircraft flights, with plans to take off in 2028. Seats sold out almost immediately.
Asia’s travel recovery is back on track, with the travel market expected to grow over 5% resulting in a market volume projection of US$402 billion by 2028, a majority of which will be hotel transactions. For queries about the Klook integration, please reach out to your STAAH account manager for more details.
Additionally, by 2028, it is projected to exceed $2 trillion, highlighting a robust path ahead for the business travel sector in terms of spending. With projected spending expected to continue to increase through 2028, the future of business travel looks promising. Global business travel spending is anticipated to increase 11.1%
With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton is set to double its presence in the fast-growing lifestyle category in the next four years. The Graduate Princeton lobby The growth will be supported by the addition of the Graduate and NoMad brands.
million users by 2028 , highlighting just how essential these tools are becoming. A custom POS solution can ease the booking process, automate stock management, and offer personalized promotions based on customer preferences. As we look ahead, the demand for feature-rich, flexible solutions is only set to increase.
We continue to experience favorable booking trends and our outlook remains optimistic.” The terms of the agreement provide for up to an additional $175 million of contingent consideration through 2028 based on certain milestones associated with signed management contracts for future hotel openings.
45% will arrange the accommodation for their next trip via an online booking website or app, such as Booking.com. Here’s a list of important Gen Z travel statistics: 3-in-4 Gen Z travellers have abandoned a booking because of a bad online experience. 23% of French guests will be looking to book a longer stay on their next trip.
NREP is committed to becoming entirely carbon neutral by 2028 – encompassing both operational and embodied carbon – and the new internal carbon tax will be a key driver in this ambition. Campspace, a booking platform for sustainable, outdoor stays [including yurts], claims to have grown at a rate of 300 per cent per year.
Digital channels are increasingly used to research and book hotels, which has led to a boom in digital marketing for the hospitality industry. In fact, digital marketing is predicted to grow 8% from 2018 to 2028 (Bureau of Labor Statistics). Ready to get started with digital marketing for a successful hospitality career?
billion users by 2028. Book a free demo of LimeTrays restaurant POS system today and see the difference for yourself. The widespread adoption of restaurant POS systems is due to their industry-specific features that can help improve operations and other critical business aspects. Ready to elevate your restaurant?
Earlier this week on Monday, during Marriott ‘s Q3 earnings call, the company’s CFO Leeny Oberg said the election is predicted to reduce November RevPAR in the US and Canada by three per cent due to “meaningfully lower transient and group room nights on the books for both this week and next”.
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