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How hoteliers can ride the revival of domestic tourism

Hotel Owner

The tourism and hospitality sector are growing precipitously – but what has often gotten lost amidst the din is the extraordinary revival of domestic tourism. According to McKinsey’s recent report on the state of the sector, in 2023 75% of trips worldwide were taken domestically. Even in Western Europe this figure sits at 58%.

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Tourism trends: Domestic and international tourist market

SiteMinder

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Domestic tourism trends The essence of domestic travel, where the journey begins and ends within the same country, is undergoing a remarkable transformation.

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The rise of staycations: how UK hotels can capitalise on domestic tourism

Hotel Owner

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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How To Select The Right OTAs For Your Hotel - A Comprehensive Guide

Hotelogix

These platforms work like magic to spread the word about property, inventory, prices, offers, etc. This aids in getting maximum visibility and enhancing exposure to both domestic and international audiences.  OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue.

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How to Manage Your Marketing Budget Effectively

Revenue Hub

Understanding Seasonality in the Hospitality Industry Seasonality plays a pivotal role in the hotel industry, directly influencing demand, pricing, and overall profitability. You can capture bookings from travellers looking for lower prices without the crowds of peak seasons.

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Ultimate Grubhub, Red Lobster Catering and Parts in Town

Modern Restaurant Management

Integrating Grubhub’s API with PAR’s cloud-based Brink POS software allows Brink clients to offer a seamless ordering experience with increased accuracy in delivery and pickup times, less menu item and price discrepancies, faster setup times, and lower costs. This marks Red Lobster's entry into the $62 billion catering market.

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Airbnb China: Alternative apps & strategies for hotels

SiteMinder

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?