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Recent market research indicates that the global hotel POS terminal market is set to reach a staggering $4.8 billion by 2028 , growing at a CAGR of 8.1% from 2023 to 2028. In today’s rapidly evolving hospitality landscape, choosing the right Point of Sale (POS) system is more crucial than ever for hotels.
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.
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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.
Additionally, by 2028, it is projected to exceed $2 trillion, highlighting a robust path ahead for the business travel sector in terms of spending. Many top business travel markets around the world have returned to or are nearing pre-pandemic levels, reinforcing the momentum of the recovery and boosting spending. trillion. “As
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. With thousands of colleges and universities around the world, the addressable market for the Graduate brand is 400-500 hotels globally.
Award-winning, fully booked, and sitting on 34 acres of private grounds in the Scottish countryside. Its a striking reminder that in the boutique hotel business, beauty, buzz and bookings dont always equal profit. Ultimately, diversifying revenue streams can buffer a boutique hotel from the volatility of the market.
Hospitality businesses of all sizes are turning to digital marketing to reach new guests and grow their business. Let’s discuss the different aspects of hospitality digital marketing and why it’s so important. What is digital marketing in the hospitality industry? What exactly is hotel digital marketing?
The mobile POS payments market alone is projected to reach 427.80 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.
Statistics about travel demographics Statistics about travel demographics can be particularly useful for your hotel, as it allows you to target your marketing more effectively, plan your offers, and prepare satisfying guest experiences – all in the mission of maximising your reputation and profit.
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.
In fact, according to recent reports, the mobile POS payments market is expected to reach 1.99 billion users by 2028. Book a free demo of LimeTrays restaurant POS system today and see the difference for yourself. Ready to elevate your restaurant?
The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications. Campspace, a booking platform for sustainable, outdoor stays [including yurts], claims to have grown at a rate of 300 per cent per year.
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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