Remove Cancellation Remove Market Remove Travel
article thumbnail

Brisbane shows resilience in aftermath of Cyclone Alfred, STR reports

Hotel Management

The impacts of Cyclone Alfred have been far reaching with the hospitality industry significantly affected by mass cancellations, according to the latest CoStar STR data. STR anticipates a quicker return to normal trading for Brisbane and Toowoomba, driven by corporate travel and recovery efforts.

Occupancy 130
article thumbnail

Research: Affordability, flexibility, local experiences key leisure travel drivers

Hotel Business

Travel Association published a report that predicted that spending on domestic leisure travel will increase by 3.9%, surpassing $1 trillion in 2025. Rising travel costs have led to increased demand for budget-friendly options, with discounts, bundled packages and flexible booking policies being among the top requests.

Travel 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Travel Boom Spurs Record Marketing Spending by OTAs in Q1

Hotel Speak

The hospitality and travel industry is experiencing a spending surge, with online travel agencies (OTAs) like Expedia Group, Booking Holdings, Airbnb, and Trip.com Group collectively spending a record $4.08 billion on sales and marketing in the first quarter (Q1) of 2024. billion in marketing spend during Q1.

OTA 103
article thumbnail

Hurkle-Durkling: The Growing Trend for Cozy Getaways in 2025

Hotel Speak

.” This delightful term perfectly captures a travel trend the 80 DAYS team have identified in their latest report : travellers, particularly those in the coveted Zillennial demographic (born 1990-2000), are prioritising relaxation and literally “doing nothing” on their trips.

article thumbnail

What is a bed bank? List of bed bank examples for hotels

SiteMinder

A bed bank is a business-to-business (B2B) travel provider that connects hotels with travel distributors, such as online travel agencies (OTAs) and tour operators. Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels.

OTA 96
article thumbnail

Thoughtful Thursday: Market Insights by Booking.com

STAAH

Market insights can provide a comprehensive understanding of market trends, guest preferences and industry dynamics. STAAH MAX users can analyze market insights and make informed decisions. Booking.com has introduced a feature that provides Market Insights into what bookers are searching for in your region.

Market 98
article thumbnail

SiteMinder: Traveler confidence surges post-pandemic

Hotel Business

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Travel 102