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NB: This is an article from McKinsey & Co. Subscribe to our weekly newsletter and stay up to date But domestic travel is recovering quickly too and is set to represent 70 percent of travel spending by 2030. Baby boomers still account for 20 percent of overall travel spending. Read the full article at McKinsey & Co.
NB: This is an article from 80 Days. Investing in your SEO (Search Engine Optimisation) – our research suggests that Gen Z and Millennials account for the highest percentages of organic traffic to a hotel website – but they don’t always convert as highly.
NB: This is an article from Strategic Solution Partners , one of our Expert Partners Hotels that adopt eco-friendly practices and reduce their carbon footprint are deemed more attractive to 73% of tourists, who are prepared to spend 75% more per night in return. So, are you in? appeared first on Revenue Hub.
NB: This is an article from Deloitte A variety of factors appear to impact the decision to travel for business including employee safety, client interest in meeting in person, the value of attending a conference, and whether virtual conferencing platforms can replace a trip. More than half of travel managers in both the U.S. One-third of U.S.
A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7 trillion and accounting for nearly 70% of the global economic impact. This not only enhances the guest experience but also opens doors to increased profitability.
This article will explore some of the latest hospitality trends in the hospitality that hoteliers should pay attention to in order to optimize their operations and attract more guests. According to the World Tourism Organization, the tourism industry accounts for 5% of global carbon emissions.
billion by 2030. 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. Read more articles from Infor The post What are 5 Must Have Features to Look for in a PMS? In fact, the hotel PMS market size was estimated at USD 7.15
In this article, we’ll cover all the basics of a restaurant’s profit margin – meaning the average profit margin of different restaurants and how to increase your restaurant’s profit margin. This is because your net profit margin accounts for all restaurant-related costs, not just those related to food preparation and service.
November and December purchases typically account for upwards of 50 percent of annual gift cards sales. While gift cards account for 6.3 The recent IDTechEx report, “ Plant-based and Cultured Meat 2020-2030 ”, projects the cultured meat market to reach $514 million in sales by 2030.
Even before COVID-19, the food delivery industry was expected to grow from $43 billion in 2017 to $467 billion in 2025 – now it's expected to be $1 trillion by 2030. In fact, according to The Washington Post , it’s one of the only areas in the restaurant industry seeing growth right now. Flexibility Can Help You Reap Rewards.
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