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NB: This is an article from GuestCentric Subscribe to our weekly newsletter and stay up to date More than half of U.S. Read the full article at GuestCentric The post How Mobile Booking gives Hotels a Competitive Edge appeared first on Revenue Hub. As of June 2024, 70% of the worlds population (5.68 The good news?
NB: This is an article from Atomize , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Revenue management, a critical pillar of the hospitality business, is a crucial technology to utilize for success.
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. Read the full article at McKinsey & Co.
And a backdrop to this is the estimation that demand for food is likely to rise by 50 percent by the year 2030, while demand for water is forecast to surge by 30 percent and land use by 50 percent. For more tips and the complete article, visit Chef's Pencil here. It is estimated that roughly 1.3
NB: This is an article from EHL Subscribe to our weekly newsletter and stay up to date It’s a complex and ever-evolving field for a revenue manager to navigate, with many channels and tools to keep up-to-date with. Read the full article at EHL The post How Hoteliers are Using AI for Revenue Management appeared first on Revenue Hub.
NB: This is an article from Sabre Subscribe to our weekly newsletter and stay up to date As companies resume in-person meetings and conferences, hotels that can effectively market to business travelers will benefit significantly. billion by 2030, at a compound annual growth rate of 13.3%. billion in 2021 to $2,997.2
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.
Consequently, Euromonitor predicts that the ghost kitchen concept could become a $1 trillion food industry segment by 2030. As one CNN article reports, Boston Market and Applebee’s are two recognizable restaurants that have played around with different menu items through ghost kitchens during the pandemic.
NB: This is an article from GuestCentric But, as the world of travel continues to change at a rapid pace, the big question is, what is next for independent hotels in the future? Read rest of the article at GuestCentric The post Why HyperCommerce is the Future for Hotels appeared first on Revenue Hub.
NB: This is an article from Revinate Subscribe to our weekly newsletter and stay up to date Think of your hotel website as a bucket, and potential bookers as water. Read the full article at Revinate The post Tips to Reduce “Leaky Bucket Syndrome” from your Hotel Website appeared first on Revenue Hub.
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 McKinsey & Co. Driven largely by inspirational advertising and virtual events, the potential rewards for the travel industry are already substantial: more than $20 billion by 2030, by McKinsey estimates. Imagine a future where your travel choices have no geographic constraints.
NB: This is an article from DerbySoft Subscribe to our weekly newsletter and stay up to date We all thought there would be a decline in business travel due to the introduction of several remote communication platforms that we adopted during the pandemic, but this didn’t happen. appeared first on Revenue Hub.
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 Read more articles from Flyr for Hospitality The post From Base to Premium: How AI is Redefining Hotel Ancillary Revenue appeared first on Revenue Hub. from 2021 to 2026.
NB: This is an article from LodgIQ Hoffman was certainly not alone in his observations; while AI has long been viewed as a promise of the future, the technology has recently reached an inflection point that sees it grasping mainstream attention, interest, and buy-in.
NB: This is an article from 80 Days. Indeed, SITA predicts that “We will travel longer into our old age and with more disposable income” and that by 2030 “a subsection of technology innovation will emerge designed to address the needs of the senior traveler specifically.” Read more articles from 80 Days.
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
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. One-third of U.S. One-third (33%) of U.S.
dollars by 2030. The following article explores what a snack bar POS system is and the key considerations for selecting the best snack bar POS for your business. The snack bar industry has been rapidly expanding, especially with the increase in consumer demand for quick and convenient food options. billion U.S.
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. If left unchecked, this number is expected to double by 2030. Hotels, to gear up, should be thinking of ways to be as carbon-neutral as possible.
from 2023 to 2030. What is customer experience management? Businesses are increasingly recognizing the critical role of CXM in driving growth. The global CXM market, valued at $14.0 billion in 2023, is projected to expand at a robust compound annual growth rate (CAGR) of 15.4%
In this article, we'll look at some of the trending robots in the hospitality industry. million in 2020 to reach $3083 by 2030. They allow for a more cost-effective experience, which resonates in today’s complex environment where hoteliers are facing labor shortages. But what are the common robots used in hotels today?
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. trillion in revenue due to food waste by 2030. According to a report , restaurants are expected to lose about $1.5
The recent IDTechEx report, “ Plant-based and Cultured Meat 2020-2030 ”, projects the cultured meat market to reach $514 million in sales by 2030. This article looks at what happened in the cultured meat industry in 2019 and explores what’s in store for 2020. Nevertheless, this may be the most likely outcome.
In this article, we’ll look at what a director of sustainability does in the hospitality sector and some key subjects you’ll need to know about. For example, Hilton has set ambitious sustainability goals , including reducing its carbon emissions by 50% by 2030 and becoming carbon neutral by 2050.
Exciting opportunities: hospitality careers in Dubai 2nd July, 2024 In this article Dubai, a city in the United Arab Emirates, is known for its towering skyscrapers, luxurious resorts, and a vibrant culture. It also stands as a global beacon of hospitality excellence.
In this article, we discuss in detail the future of the cloud kitchen business and the market size, decode the different types of cloud kitchen business models, what it takes to open and run a cloud kitchen, and how to grow and scale the cloud kitchen business. . Understanding the Cloud Kitchen Business .
The recent IDTechEx report, “Plant-based and Cultured Meat 2020-2030”, projects the cultured meat market to reach $514 million in sales by 2030. This article looks at what happened in the cultured meat industry in 2019 and explores what’s in store for 2020. Nevertheless, this may be the most likely outcome.
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