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8 Ways to Attract Domestic Travelers to Your Hotel

Revenue Hub

With the exchange rate being favorable, many travelers have recently taken off for international destinations, but the domestic market is still going strong. But don’t take domestic travelers for granted. Here is how to capture your share of the domestic travel market and bring those loyal, profitable guests in the door.

Article 104
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How Ignoring Guest Segmentation Is Hurting Your Profits

Revenue Hub

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date We explore why robust segmentation is essential for maximizing profitability, examine key segmentation criteria, and outline practical strategies to enhance data quality.

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Hatching a Plan for Easter to Increase Bookings and Revenue

Revenue Hub

NB: This is an article from Userguest , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date With the right strategy, you can turn the Easter holiday into a high-performing period for your property. Typically, they start booking 2 to 3 months in advance.

Book 101
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To Succeed Every Hotel Needs a Revenue Management Framework

Revenue Hub

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Market Segmentation and Demand Forecasting Why Its Critical Revenue management begins by defining which guests you want to stay at your hotel, not just understanding who has already stayed there. Guest Origin: Domestic or international.

Pricing 70
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McKinsey: What is the Future of Travel

Revenue Hub

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. Older generations are planning to take twice as many domestic trips. Seventy-five percent of travel spend is domestic.

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HVS Outlook Fall 2023: Discovering a New Normal

Hospitality Net

A strong RevPAR rebound in the first quarter of 2023 was stalled by increasing costs of capital, inflationary pressures, outflow of domestic demand with limited international infill, and economic concerns. This article presents our latest forecast and insights. How can hoteliers expect 2023 to end and the next few years to trend?

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Keeping Restaurants in Business: Sick, Safe, and Vaccination Leave in New York

Modern Restaurant Management

This article seeks to provide business owners a basic understanding of these new laws; however, every business is different and may be presented with unique circumstances. Notably, New York State has modified its leave laws to expand sick and safe leave and it has created a new paid leave so that employees may obtain their COVID-19 vaccine.