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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Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences. 

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Revenue Hub

MARCH 22, 2024

From OTA fees to online ads, digital marketing can eat up a chunk of the budget for independent hoteliers. But hey, good news – there’s a bunch of nifty free digital marketing tools out there for hotel marketers! Google When it comes to free digital marketing tools for your hotel, Google is your best friend.

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Marketing Travel and Tourism Book Information 86

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. Are you aiming to build brand recognition in a new market? Do you want to boost off-peak season occupancy rates?

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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. Expert opinions : Engages insights from hotel management and operational staff to understand local market dynamics.

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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. relative to last year.

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Catering Budgeting Marketing 59

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

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”. In today’s update, the bank said: “There remains significant uncertainty around the outlook for the labour market.

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Hotel Business

JUNE 17, 2024

“With this latest beachfront hotel development—the first waterfront hotel in Brevard County since 2020 and the first beachfront Element by Westin in the brand system globally—we look forward to continuing to expand our presence and investments in this compelling market.

Travel and Tourism 105

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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., OYO has seen significant growth in its priority markets of Miami, Houston and Phoenix, where it has sizable concentration of hotels, the company reports.

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Travel and Tourism Budgeting Book Marketing 52

Hotelogix

SEPTEMBER 17, 2024

It is also known for offering affordable stays, which makes it ideal for budget-conscious travelers. It’s the go-to platform for Chinese tourists and is perfect for hotels that want to attract this growing market. It is widely used by Indian travelers for both domestic and international travel.

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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. It’s the worst market I’ve ever operated in. It is just obscene when you consider our tax is ten times that of the US market. per cent for the alcohol category, thanks to the bi-annual tax hike.

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Budgeting Scheduling Pricing Magazine 130

Larry Mogelonsky

FEBRUARY 19, 2024

Adding to these challenges, RWLV has partnered with Hilton Hotels and has to position its three different room products in ascending order: Hilton, Conrad and Crockfords (also marketed as part of Hilton’s LXR Hotels & Resorts brand). All this hinges on raising awareness and marketing to feed the sales funnel across all segments.

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Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

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Marketing Strategic Planning Travel and Tourism Communication 52

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

MARCH 23, 2023

Meanwhile, it noted there had been “large and volatile moves” across global financial markets, particularly following the fall of Silicon Valley Bank and ahead of UBS’s purchase of Credit Suisse. decline predicted last month.

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Budgeting Pricing Marketing 105

SiteMinder

FEBRUARY 8, 2024

Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. What are Chinese travellers?

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Marketing Travel and Tourism Book Catering 52

Revenue Hub

MAY 31, 2024

Our universe of respondents included travelers from five major, representative source markets: China, Germany, the United Arab Emirates, the United Kingdom, and the United States. It’s become a priority—even amid uncertain economic conditions that can make budgeting a challenge. Travel isn’t merely an interest these days.

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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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Guest Satisfaction Budgeting Marketing 59

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.

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Budgeting Marketing 102

SiteMinder

AUGUST 27, 2024

Airbnb initially made a significant impact on the Chinese market, offering travellers unique and affordable stays. 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.

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Catering Book Pricing Marketing 52

Les Roches

AUGUST 22, 2024

Major chains have responded to this by expanding their portfolios, embracing innovative guest experience strategies and adapting to new market trends. This expansive reach reinforces Marriott’s dominant market position and shows its ability to cater to a broad clientele, ranging from luxury travelers to budget-conscious guests.

Catering 52

Catering Travel and Tourism Budgeting Marketing 52

Revenue Hub

SEPTEMBER 12, 2023

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. Income level: Budget travelers, mid-range, luxury seekers, etc. Gender: Male, female, non-binary, etc.

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Pricing Book Article Blog 106

SiteMinder

JULY 15, 2024

Operating since 2016, the property attracts both domestic and international tourists in large numbers, thanks to high quality service alongside 4-star facilities such as the Infinity Sky Pool, ballroom & meeting room, spa, gym, and free shuttle services. “It can show which source markets have high demand,” she explained.

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Hotel Owner

DECEMBER 20, 2022

Domestic travel also remained strong in the wake of the pandemic. Our portfolio continues to grow and we exceed market share across the country. We’ve signed new properties, including the 350-bed Hilton London T5 Hotel at Heathrow and the prestigious Belsfield Hotel at Lake Windermere in the Lake District.

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Budgeting Pricing Marketing 105

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

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? Stay tuned for the next part of this blog.

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Revenue Hub

NOVEMBER 15, 2022

After more than two years of standstill, we can finally say that Japan’s outgoing travel market is back on track. Certainly the first channel is domestic, as 45% of flights are to airports within national borders. NB: This is an article from Lybra , one of our Expert Partners. million) and demand has continued to grow until today.

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Hotel Owner

FEBRUARY 8, 2023

The UK is also starting to see a more diversified market emerge, with changing consumer behaviours impacting the locations they are opting to visit. International travel restrictions stimulated ‘the great British staycation’, which caused hotels to experience buoyant trading performances across coast and country markets.

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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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Budgeting Presentation Article Information 71

Hotel Business

JANUARY 31, 2023

Despite potential economic challenges and uncertainty surrounding the post-COVID return of China—the world’s largest business travel market—the industry remains optimistic about continued recovery and employees’ willingness to travel for work. International business travel continues to gain ground.

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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

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 It is NOW ON CLOUD.

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Travel and Tourism Property Management Book Budgeting 81

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. All these measures combined are expected to add up to 70,000 rooms to the market. per cent), the US (17.23 per cent), UK (8.47 per cent) and India (3.76

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Travel and Tourism Book Events Budgeting 130

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 75

SiteMinder

NOVEMBER 22, 2023

Hotels must also navigate the complexities of dynamic pricing strategies and adapt to evolving market trends, while maintaining high standards of cleanliness and safety, particularly in light of recent health concerns. It seems that one of the biggest domestic and international travel markets in the world doesn’t want to travel.

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