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Sonder reduces workforce by 14 per cent in latest layoff round

Boutique Hotel News

US: Next-generation lodging firm Sonder is making around 100 corporate employees redundant, amounting to close to 14 per cent of the startup’s overall workforce. million in 2021 to $135 million in 2022, RevPAR grew 11 per cent from the previous year’s fourth quarter to $158, and occupancy stabilised relatively at 83 per cent.

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2023 in Review: A Year of Improving the Travel Experience for Everyone, Everywhere

Amadeus Hospitality

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%

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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% globally next year. Average US occupancy rate is just under 65%. Hotel market revenue is worth close to $22 billion. in the next 12 months.

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How to start a hotel business plan

SiteMinder

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Sales channels: How you will determine your distribution strategy , whether it’s direct bookings, online travel agents (OTAs), or a combination of both. based on your projected occupancy and service levels.

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How to Keep Step with Changing Perceptions of Sustainability

Amadeus Hospitality

Similarly, Amadeus’ Agency360 data demonstrates that hotel room nights booked on global distribution systems (GDSs) for corporate travel have also increased during 2022 and are rapidly closing in on pre-pandemic rates. This welcome resurgence of travel should not just be looked at in isolation.

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How Can Destinations Prepare to Attract Travelers Over the Coming Decade?

Amadeus Hospitality

As this tribe tends to work with travel advisors or travel agents when booking travel, DMOs can reach this segment by advertising on global distribution systems (GDSs), travel agents’ preferred booking channel.

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What is a channel manager? All you need to know

Cloudbeds

Each time you update your central calendar or change a nightly rate in your channel management dashboard or integrated system (PMS / CRS, etc), it will be automatically updated on all your connected booking websites. This leads to higher occupancy, especially in times of low demand when it’s needed the most.