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How do you ensure guests find you, trust you, and book with you in a world dominated by established giants? Guests today search, compare, and book almost entirely online, and your digital presence is what puts you on their radar. It’s the gateway to putting your property on the map and attracting those first bookings.
According to Bangkok Post , during Songkran 2024, the average booking value surged by a remarkable 30% , thanks to longer trips and more packed itineraries. This guide explores actionable strategies, expert insights, and modern tech tools to help you maximize bookings, optimize operations, and deliver unforgettable Songkran experiences.
With almost 10 percent of the world’s total gross domestic product (GDP) and employing over 255 million people, it is no surprise that the travel and tourism industry is one of the most important sectors to drive employment. You can create offers out of these and improve your revenue with a robust propertymanagement system.
In recent years, the emergence of rapidly growing domestic mid-segment hotel brands has significantly transformed the country's hospitality landscape. Although relatively young and small, these brands have captured the attention of domestic travelers, controlling about 60% of the total branded rooms available in the country.
Emergence of alternative lodging options: Firstly, it is clear that OTAs have become an integral part of the travel and hospitality industry, providing a convenient and efficient platform for travellers to book accommodations and experiences. Book a demonstration of our award-winning hotel management software here.
billion in 2023. Revenue is forecast to have an annual CAGR of 1.85% between now and 2027. 23% of bookings are currently made offline. 91% of total revenue will be generated through online sales by 2027, reaching a market volume of US$7.27 in 2023, with domestic travel increasing by 16.9% of customers are male and 52.3%
The company’s online platform has developed a business model centered on hotel products, integrating and disseminating global core tourism resources, allowing its clients to receive hotel booking and travel-related assistance from a single platform. We aim to bring affordable hotel booking solutions for their partners.
Expatriates, Digital Nomads, Students, and Business Travellers seek their new stay outside of their domestic countries for a longer stay. What is a new business opportunity to be explored for these propertymanagers, there are however difficulties that may be encountered, since short-stay and long-stays are not the same.
These websites allow people to quickly book rooms at your hotel from anywhere in the world. In this article, we'll explore the best online travel agencies for hotels and explain how they can help you increase bookings. An Online Travel Agency (OTA) is a website where people can book flights, hotels, and other travel services.
These characteristics can include demographics, psychographics, booking patterns, and more. Booking Behavior Segmentation : Booking channel: Direct bookings, OTA (Online Travel Agency) bookings, group bookings, etc. Booking lead time: Last-minute, short-term, long-term, etc.
The segment of customers that are apprehensive about the increased cost of travel are not necessarily going to avoid it altogether; instead, there may be a rise in domestic travel as many countries saw during the pandemic. Boost Your Bookings and Optimise Rates. Unfortunately, the trend of booking to cancel is still occurring.
Annually, there are more than 462 million domestic business trips in the United States alone and this number is expected to rise to around 500 million by 2022. It is the perfect time for hotel properties like yours to target these corporate guests and focus aspects like hotel booking for corporate. trillion by 2020.
All experts we spoke to highlighted shorter booking windows as the strongest trend coming out of Covid. With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality.
In fact, more than 600,000 travel agents use a GDS every day to book flights, hotel rooms, car rentals and destination activities. At HotelREZ, we specialise in GDS distribution and representation, currently helping more than 1,500 hotels in over 100 countries receive more online bookings. What is a GDS?
However, when the hotel reopened after three years, it needed to set up its distribution and enable online bookings quickly to start capitalising on returning demand. At the same time, with intense competition, there was a need to get smarter with revenue management in order to maximise returns and boost the cash flow.
As a result, Airbnb decided to shut down its domestic operations in China in 2022, leaving a gap in the market for both travellers and accommodation providers. It offers a wide range of properties, from urban apartments to rural homes, and caters to both domestic and international travellers. Is there Airbnb in China?
Travellers come domestically via Thailand, but many international guests also arrive from Singapore, Germany, Cambodia, United Kingdom, and Northern Ireland. Sophin explained that some key essentials of propertymanagement were made more difficult without the help of technology.
Hotel data allows you to create price optimisation strategies that establish rates for specific room types as well as lengths of stay (LOS), ultimately improving the amount of revenue that is generated per booking at your hotel. In addition, you are able to sell more rooms through the channel management system. Where do they come from?
It can include domestic tourism, where people travel in their home country, and international tourism. The hospitality industry is about creating a welcoming environment for guests and offering tailored experiences that meet customer needs. What is the tourism industry?
Mount Franklin Foods, LLC, acquired, through its affiliate, the assets and book of business from ARRO Food Processing Division, based in Hodgkins, Illinois, and ARRO Ingredients Division, headquartered in Chicago. ” Mount Franklin Makes Acquisition. The acquisition, for an undisclosed sum, is effective immediately. .” ”
It is not just hotel rooms that have been added to accommodate football fans however, as despite the unprecedented building programme, by March of this year Qatar still only had 30,000 hotel rooms, 80 per cent of which had already been booked by Fifa for football teams, officials, and sponsors. per cent), the US (17.23 per cent), UK (8.47
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