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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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Hatching a Plan for Easter to Increase Bookings and Revenue

Revenue Hub

Different traveller groups have varying lead times, and recognising these patterns will help you optimise your availability and pricing strategies. Domestic vs. international travellers : While local visitors may make spontaneous reservations, international guests require more planning time.

Book 101
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Exquisitely Experiential Meetings and Events at the Fairmont Rio de Janeiro Copacabana

Larry Mogelonsky

From the extensive tour of all meeting facilities, culinary, spa and the overnight experience, its abundantly clear why this luxury property is the top choice for domestic as well as international corporate events and social groups held in this iconic Brazilian city, and possibly also the top choice for the entire country.

Events 130
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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.

Book 268
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Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. A Channel Manager is a tool that synchronizes your room availability, pricing, and inventory across all connected OTAs in real-time. 

Book 130
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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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Top Cocktail and Wine Trends

Modern Restaurant Management

In addition, bartenders are mixing sparkling wine of all styles and prices into their cocktails to add effervescence, crispness or sweetness to the experience. There is also a growing trend in wines priced to sell with good value in either BTG or by-the-bottle formats to drive more orders and not just high margins.