Boutique Hotelier

JANUARY 30, 2023

Hotel transaction volumes in the south west rose over 30% in 2022 compared to the previous year, fuelled by demand from both domestic and overseas buyer demand. Domestic buyers represented approximately 66% of transaction volumes with the remaining 34% comprising international buyers in 2022. Volumes totalled c.£166.2m

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Hotel Owner

MAY 20, 2024

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. In 2023, the share of Britons taking a domestic summer holiday, or staycation, in the UK increased by 50% compared to the previous year.

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Serviced Apartments

MAY 2, 2023

Worldwide: Business Travel Show Europe data has shown that 93 per cent of corporates have sustainable travel programmes but 77 per cent have not set carbon budgets, with half blaming inadequate online booking tool functionality. We have blocked air options for domestic travel within our OBT. 9 19 per cent n.a.

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Serviced Apartments

OCTOBER 31, 2024

Reading Time: 7 minutes UK: UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances that was estimated by the Office for Budget Responsibility [OBR].

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Hotel Owner

JANUARY 27, 2023

Domestic buyers also represented approximately 66% of transaction volumes, with the remaining 34% comprising international buyers in 2022. He added: “We expect market activity to increase as we move through 2023 and anticipate year-end volumes to reach similar levels in 2023 driven by both domestic and overseas demand.”

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Hotel Owner

MAY 15, 2023

The group said its performance reflected the “strength and resilience” of the UK budget hotel market which performed strongly in 2022, driven by strong levels of domestic leisure demand and a rapid recovery in ‘blue collar’ business demand. Against pre-pandemic times in 2019, UK like-for-like RevPAR was up 23.9% to £64.31.

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Hospitality Magazine

JANUARY 24, 2024

Despite a record high tax, the December budget update revealed a projected $170m shortfall in revenue from spirits excise in 2023-24. Domestically it’s almost impossible to make a quid under these circumstances. “It The Federal Government’s own data is starting to bear out the folly of this outdated excise regime,” he said.

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Hotel Business

JUNE 17, 2024

We are proud to deliver the hotel on-time and on-budget, a significant achievement in today’s challenging development market.” Driftwood Hospitality Management (DHM) will assume management operations and responsibilities of the hotel. Driftwood Hospitality Management (DHM) will assume management operations and responsibilities of the hotel.

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Travel and Tourism Budgeting Hospitality Management Marketing 105

Revenue Hub

MAY 31, 2024

It’s become a priority—even amid uncertain economic conditions that can make budgeting a challenge. Respondents also indicate that they’re planning more trips in 2024 than they did in 2023. Travel isn’t merely an interest these days. Exhibit 2 Younger travelers’ thirst for novelty might be motivating their urge to cross borders.

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Revenue Hub

OCTOBER 8, 2024

Macroeconomic variables: Including economic predictors, such as Gross Domestic Product (GDP), inflation rates, and unemployment rates, can boost forecast performance by capturing underlying causes of performance movements. Better financial planning: Forecasting enables hoteliers to build revenue projections and anticipate expenses.

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Strategic Planning Revenue Projections Information Article 109

Revenue Hub

OCTOBER 31, 2023

Domestic business travel bookings stand at 76 percent (up from 72 percent in the April 2023 GBTA poll). Meanwhile, respondents report domestic business travel spending has reached 77 percent of pre-pandemic levels, while international spend sits at 74 percent (up from 74 percent and 66 percent, respectively, from April).

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Hotel Owner

MARCH 23, 2023

This lower-than-expected rate is largely due to the near-term news in the budget including on the EPG, alongside the falls in wholesale energy prices.

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Hotel Business

NOVEMBER 1, 2023

Intent to travel between Thanksgiving and mid-January is up across all age and income groups with an average holiday budget of $2,725. Twenty-two percent of Millennials also plan to significantly increase their holiday travel budget this season. More than half (56%) of holiday travelers plan to stay in hotels, up from 35% in 2022.

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Budgeting Pricing Book Events 116

Hotel Owner

JUNE 26, 2023

The CGA by NIQ and Zonal’s GO Technology report shows that while the international travel market continues to make up for lost ground, it’s likely to be another bumper year domestically. Post Covid-19, the cost-of-living crisis and growing concerns about the sustainability of air travel are fuelling the trend for homegrown holidaymaking.

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Hotel Owner

DECEMBER 20, 2022

Domestic travel also remained strong in the wake of the pandemic.

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Budgeting Pricing Marketing 105

Revenue Hub

MARCH 22, 2024

From OTA fees to online ads, digital marketing can eat up a chunk of the budget for independent hoteliers. NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date These tools aren’t just budget-friendly (obviously), they also spice up your marketing game without costing a dime – just your time.

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Marketing Travel and Tourism Book Information 98

Hotel Owner

JANUARY 31, 2023

The group said its performance reflected the resilience of the UK budget hotel market and was driven by strong levels of domestic leisure demand, a rapid recovery in ‘blue collar’ business demand, with a more gradual recovery in ‘white collar’ corporate demand.

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Budgeting Accounting Marketing 105

Hotel Business

FEBRUARY 14, 2023

operations outpaced the budget hotel segment’s growth in RevPAR with an 18% rise in 2022 versus 2019. The budget hotel segment grew by only 6% in the U.S., higher growth than the other budget hotels in the region. Overall, the region has witnessed a shift in demand pattern with majority of bookings coming from domestic tourists.

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Travel and Tourism Budgeting Book Marketing 52

EATER

JUNE 24, 2022

Gelber now uses the platform primarily to share dinner party inspiration and guides, budget tips, and playlist suggestions, but the fashion hasn’t dropped out entirely since she also dreams up outfits for hypothetical dinners around the world (a flouncy dress for Lima; a black turtleneck minidress with a tan trench for Paris).

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STAAH

OCTOBER 25, 2022

Forecasting and budgeting. When Covid hit, many destinations quickly moved to attract domestic guests. According to Shanta even in the future, domestic remains a lucrative audience as it is not bound by borders and closures as much as international. Want to predict the future?

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Revenue Hub

DECEMBER 1, 2022

According to a recent survey by the Gift Card and Voucher association, the research reveals that 23% of shoppers are intending to purchase more gift cards this year than ever before to maintain their Christmas budgets, allowing them to eliminate postage costs, refrain from exceeding budgets and avoid waste or unwanted gifts.

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Hotel Business

MAY 10, 2023

Following recent quarterly trends, domestic travel continued to drive the vacation rental category in Q1, though travelers ventured to new inter-regional destinations by the water. New warm-weather hot spots appeared on the list for travelers from NORAM, while several beach towns in Australia joined the top 10 list for APAC travelers.

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Revenue Hub

SEPTEMBER 12, 2023

Income level: Budget travelers, mid-range, luxury seekers, etc. Geographic Segmentation : Location: Domestic, international, specific regions or countries. Here are some common ways hotels can segment their customers: Demographic Segmentation : Age: Young professionals, families, seniors, etc. Gender: Male, female, non-binary, etc.

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Pricing Book Article Blog 109

Hotel Business

SEPTEMBER 29, 2023

His expertise includes directing end-to-end financials both on domestic and international levels, including budgeting and forecasting, revenue optimization, financial analysis and market strategy. Foster supports the firm’s growing lifestyle vertical, the Greenwood Hospitality portfolio of hotels.

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Hotel Owner

FEBRUARY 8, 2023

Reduced allocation for travel in corporate budgets, environmentally conscious corporate strategies favouring virtual meetings, and the prevalence of working remotely, have all since influenced the recovery of the business travel sector. With this recovery, increasing appetite from overseas and domestic investors will also return.

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Travel and Tourism Presentation Marketing Budgeting 103

STAAH

APRIL 10, 2023

Find out more here Travepic is an emerging B2B Travel Portal with a growing domestic presence. Find out more here Be it luxury hotels, beach hotels or budget hotels, airasia hotels offers you over 500,000 hotels worldwide to choose from according to your needs and budget. Find out more here 5pm.co.uk

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Travel and Tourism Property Management Book Budgeting 90

SiteMinder

JULY 24, 2023

Whether they’re travelling for business or leisure, seeking luxury or travelling on a budget, each guest represents a unique opportunity to deliver tailored services and experiences. Budget travellers Budget travellers want to get the best out of their trip. Baby boomers value comfort and convenience.

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Budgeting Catering Book Guest Satisfaction 97

Revenue Hub

NOVEMBER 17, 2022

Whether it’s domestic trips to create memories with loved ones, or international getaways to satisfy the need for adventure and exploration, the travel industry continues to grow. This could potentially result in travelers shifting their brand preferences for more budget-friendly brands or cashing in on stored up loyalty points.

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Pricing Book Article Budgeting 94

Boutique Hotel News

OCTOBER 28, 2022

From shopping malls to beach clubs, museums to theme parks, there are now activities and experiences in Qatar for every type of traveller, from every nation, and to suit every budget. The top five destinations generating reviews on TripAdvisor pre-tournament have been domestic stays (28.23 per cent), the US (17.23 per cent), UK (8.47

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Hotel Owner

NOVEMBER 7, 2024

The BoE said the cut follows “continued progress in disinflation, particularly as previous external shocks have abated, although remaining domestic inflationary pressures are resolving more slowly”. The latest cut means interest rates are now at their lowest point in more than a year, as the last time rates were below 5% was June 2023.

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Pricing Budgeting Marketing 52

Hotel Business

NOVEMBER 8, 2024

This quarter’s report highlights the following key trends: Bifurcation in hotel performance persists as RevPAR growth slows While RevPAR remains up 14% to 2019, growth has stagnated, rising just 1% vs. 2023, driven by declines in domestic leisure travel amid contracting consumer savings.

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Hotel Owner

SEPTEMBER 17, 2024

The new loan facilities were timely as the UK, where all the group’s properties are located, is experiencing robust domestic demand, combined with ongoing tourism recovery from overseas. For the half year ended 30 June 2024 (“1H2024”), the group recorded a year-on-year increase of 1.3% in RevPAR and ADR to £76.41 from £75.44 respectively.

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Hotel Owner

NOVEMBER 25, 2024

The area’s increasing popularity has attracted a greater number of domestic and overseas visitors, with 53% of overnights in the area being from abroad. Event offsets could adversely affect certain markets, such as Glasgow, although prospects for domestic travel point to a slightly brighter outlook.

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Pricing Events Budgeting Marketing 52

Hotel Owner

MAY 14, 2024

Hotel marketing has come a long way, with the majority of holidaymakers – domestically and abroad – using the internet and their social media accounts to research and choose their next vacations. You should personalise your responses to show genuine appreciation for feedback and address any concerns or inquiries in a timely manner.

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EATER

JULY 22, 2021

Spaghetti arrived in the Dominican Republic with a wave of Italian migration in the late 19th century, but became ubiquitous in the national diet in the ’50s, after the dictator Rafael Trujillo started the first domestic pasta factory, Molinos Dominicanos, which produced the Milano brand of pasta. “At

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Budgeting Article 144

Hotel Business

JANUARY 31, 2023

Making the way back to 2019 levels On average, travel buyers estimate their companies’ current domestic business travel bookings have returned to 67% of pre-pandemic 2019 levels (up from 63% in GBTA’s October poll). Travel buyers estimate their company’s current domestic business travel spend is back to 68% of their 2019 spend levels.

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Hotel Business

JUNE 14, 2023

His strategic insights, data-driven decision-making and expertise in Oracle Cloud will help contribute to operational excellence and facilitate sound financial planning, budgeting, and forecasting. “I am proud to be joining such a well-established and reputable company,” said Klam.

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